a successful entrepreneur is one who is willing to work hard from the very beginning of future enterprise
SELF-RELIANCEANDIDEPENDENCE
a successful entrepreneur want to follow his own routine policies and procedures and he does not like to be guide by others, he is found to be self-reliant.
HIGHLYOPTIMISTIC
a successful entrepreneur is always optimistic about his future and he is never disturbed by the presents problems, he always expects the favorable situation for his business.
KEEN FORESIGHT
an entrepreneur must have this to predict the future business environment.
PLANNING AND ORGANISINGABILITY
he must have the ability to bring together all scattered resources required for starting business.
INNOVATIVENESS
when all is said and done, innovation becomes a different task
RISK-TAKING
is not a gambler and hence, he should not assume high risk
SECRECYMAINTENANCE
he must be capable of maintaining and guarding all his business seccrets.
MAINTENANCE OF PUBLIC RELATIONS
it is a vital role to play on a success or failure of an entrepreneur
COMMUNICATIONSKILLS
is the secret of the success of most entrepreneurs, good skills point across effectively and with clarity and thereby, helps them to win customers
PASSIONATE ABOUT LEARNING
entrepreneurs are autodidactic learners, which means that much of what they know they learned outside of a formal classroom setting
CORPORATE LEVEL
creating a strategy for the overall wellness of the organization
BUSINESS LEVEL
also known as 'division level' it involves the competitiveness of the organizations from the organizations, and it only deals with one business
FUNCTIONAL LEVEL
'department level', is charged with the responsibility of ensuring that each and every single aspect of the organization is run in the most professional manner
STRATEGICAL PLANNING
is a general plan, includes high-level overview of the entire business, it is the foundational basis of the organization and will dictate a long-term decisions.
TACTICAL PLANNING
specific plan, it includes steps that the organization plans to use to achieve what is outlined in strategic plan
CONTINGENCY PLANNING
are often referred to as 'Plan b' because these are made when something unexpected happen in an organization
INDUSTRY EXPERTS
whether internal or external consultants, a few individuals with extensive experience in a given industry are valuable resources in the planning process
CONSULTANTS
are commonly brought during the strategy formulation and for variety of other reason.
INCLUSIONOFSTAKEHOLDERS
want as much information as possible from everyone involved