The entrepreneurial spirit is usually difficult to define much less examine at length due to the perception being a highly creative and dynamic entity and is particularly with this caveat that this post is written.
Whilst the entrepreneurial spirit can be applied to a wide range of Simon Arias Agency it can be perhaps most closely of the world of business and incorrectly used to describe many successful business people, during times of fact not many individuals can truly demonstrate an entrepreneurial spirit.
The term itself is French in origin and when interpreted in the literal context means “between jobs”. It is interesting a word which includes come to project the very pinnacle of success should have such mundane roots as a way of describing being unemployed.
This post examines several concepts that appear intrinsic from what constitutes entrepreneurial spirit
Within a highly developed global business community where new ideas and business models are increasingly in short supply the value of uniqueness cannot be under estimated and the ones exhibiting an entrepreneurial spirit tend to be related to concepts that encapsulate originality and ingenuity. Take for example, Steve Jobs bringing the Apple IPOD for the market,
Creativity is heavily attached to uniqueness although the two are certainly not identical. People who have an entrepreneurial spirit are experienced at harnessing the creative process to help them develop a unique product /service or advantage. Where as uniqueness describes the conclusion outcome, creativity describes the process of how one achieves it. That is why people that have an entrepreneurial spirit are frequently creative individuals who are ready, willing capable to actively adopt new techniques to get ahead even at the fee for being ridiculed by others.
In a western society which is so frequently risk averse, those that have entrepreneurial spirit embrace risk taking and it is impossible for such a concept never to be connected with entrepreneurs as well as the often high risk potential involved in carrying out a new innovative approach. It needs to be observed however that risk is not the same as recklessness and the ones demonstrating an entrepreneurial spirit could be adept at assessing the risks involved with any undertaking.
As highlighted previously those that have Simon Arias Agency must not be regarded as reckless mavericks indeed quite the contrary, good entrepreneurs are motivated by profit and so are skilled at identifying a lucrative niche on the market that can be exploited to make money. Take for example, Steve Jobs at Apple Computers having successfully navigated a profitable course in the computing and software industry in spite of the market being dominated by Microsoft and IBM for many decades. Moreover he was the first one to spot the potential for utilising the computing industry to start a new market towards the music fraternity , with the creation of the IPOD, the industry leader in their business stream. Such actions requires great skill and confidence and demonstrate a specific entrepreneurial spirit.
Identifying, Investing in and nurturing potential may also be vital to the ideals attached linked to entrepreneurial spirit because of the need to find differing answers to an organization problem.
Established businesses often neglect to discover breakthroughs since they stick to a rigid investment formula that has worked for these people in the past rather than finding new methods for moving forward.
The entrepreneurial spirit is always adaptable and ready to overcome barriers presented by business problems and it is usually quicker at resolving those issues than mainstream business thinkers.
Entrepreneurial spirit is ultimately destructive to the own business in the medium term unless those engaged in making use of the concept recognize after it is time to handover to mainstream management focussed people who can maintain and develop the organisation. This is because true entrepreneurial spirit is passionate about simoarias creativity and change which can be unsettling to employees without good management plus a clear direction. A lot of those demonstrating entrepreneurial spirit rarely stay long lasting in virtually any enterprise they undertake, take Richard Branson for example who after launching numerous businesses beneath the “Virgin” brand has subsequently sold on most of these to third parties at the huge profit to himself.
In summary whilst you can find certainly key characteristics which encapsulate the entrepreneurial spirit it would be foolish to pretend that anyone individual has all of those traits and even more foolish to believe that this sort of concept can be comprehensively defined. It is also short sighted to think that people with entrepreneurial spirit are just evident inside the entrepreneur, indeed numerous disciplines and vocations have historical and existing individuals contained within them which can be essentially known as entrepreneurs.
Well-known individuals exhibiting the entrepreneurial spirit: Richard Branson, Clive Sinclair, Freddy Laker, Steve Jobs, Bill Gates and Anita Roddic-k.
Words often used to describe people who have entrepreneurial spirit : Mavericks, Tycoons, pathological liars, risk takers, self made business owners, successful, charismatic.