- Understands the Big Picture: Entrepreneurs understand every aspect of business including raising capital, managing budgets, creating benchmarks and measurements, and marketing and promotions. They understand the difference between revenue and profit. They understand how their decisions regarding investments, capital expenditures, and cash flow affect the business short term and long term. Why? Because they’re accustomed to wearing many hats. Every role within the organization is often filled by the business owner. If they fail to produce results, they don’t have to look very far to figure out what needs to change.
- Understands Victories Are Short-Lived: Entrepreneurs are constantly looking for ways to improve or top a previous success. Celebrating successes or milestones are important. Most entrepreneurs have a long term vision of where they want to go. Getting comfortable is not an option.
- Takes Bold Risks: Employers want to hire someone who’s not afraid to take risks within reason to grow the business. More importantly, an entrepreneur that’s familiar with failure is typically more intuitive in their decision making concerning the business. Of course, this doesn’t apply to every entrepreneur. I know there’s some who never grasp what it takes to run a successful business. Those who’ve learned from their mistakes and are constantly learning how to improve are in a better position when opportunities come along.
- Passionate about Their Business: Most entrepreneurs typically start businesses in an industry in which they’re passionate. This sets entrepreneurs apart from the average job seeker because they’re more likely to acquire knowledge that will add value to the company. Employees with an entrepreneurial mindset enjoy learning about various aspects of the business on their own time.
- Understands the Value of Relationships: Entrepreneurs are more likely to engage in activities related to their industry outside of normal work hours including networking online and offline. Those that excel at networking have a valuable network and connections to other business owners in their industry. This is a bonus for employers especially if the entrepreneur has access to decision makers at companies they want to do business with in the future. Cultivating healthy business relationships is an asset and skill every employee should be required to develop.
About Sandra Tedford
WETALKtoday stands for "Web Entrepreneurs Talk" and provides a platform for business and tech savvy entrepreneurs with information and resources to grow their business in the new economy.
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