Tuesday, September 28, 2010

UWC will one become an entrepreneur?

Purely based on experience as an entrepreneur...

1. Understands the customers
2. Understands the industry, especially if well established and complicated, such at financial services
3. Has the ingenuity to find a way to make customers happy (sometimes less than is thought necessary see Ray Kroc of McDonald's fortune)
4. Has the balls to take the risk necessary to follow the vision
5. Is sufficiently organized to know what to do next to fulfill the vision
6. Can communicate the required tasks to others
7. Can get others to follow

In most cases, being an entrepreneur has more to do with understanding the market, working hard, and leading than most people realize.  These variable are also less romantic and more difficult to place in a regression than IQ or education so are likely studied less often.


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