Skills Required for Becoming an Entrepreneur

Running head: MANAGEMENT
Management
Name of the Student:
Name of the University:
Author’s Note

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MANAGEMENT
Introduction
In today’s era, the role of businesses with a creative approach is considered to be a highly
profitable combination which can help businesses for creating a brand name for itself in the
market (Decker et al. 2014). I, personally am of the opinion that it is not the businesses which are
actually working its way to success and innovation but it is the entrepreneur which takes all the
major decisions and applies creative thinking to the process so that overall success can be
achieved. I am currently pursuing courses which would help me develop the necessary
knowledge base so that I can open my own business and establish myself as an entrepreneur
(Kirzner 2015). The role of entrepreneur is very essential and it is considered as one of the
factors of production besides land, capital and labour. This essay would be discussion and
highlighting certain skills which I possess which makes me a capable as an entrepreneur.
As per Ducker (2014), an entrepreneur is a person who is always looking for change in a
business and effectively responds to changes and even take changes as an opportunity for making
the business more successful in future (Drucker 2014). I am also of the opinion that an
entrepreneur can bring about significant changes in a business and also ensure that appropriate
opportunity for changes can be taken by the management of the company (Kuratko 2016). The
discussion would be highlighting the skills which are required for an entrepreneur and also the
skills which I possess. In addition to this, the discussion would also reveal that which industry
would be most suitable for me considering my current level of knowledge and skills.
Discussion
Entrepreneurship can be referred to as an individual or collective system which can be
internal or external to the structure of the organization, developing something new, from

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conception of ideas to the creation of a business (Barringer 2015). The role of an entrepreneur is
very important in business not only for bringing about changes in the operations of the business
but also for take quick and decisive actions for the business.
I have researched on several cases where businesses have achieved success and even new
heights due to the efforts of a skilled entrepreneur. There are other several cases as well, an
entrepreneur had nothing to begin with and now they are multi-millionaires. Some of the
examples which I have come across are Steve Jobs (founder of Apple Inc), Bill Gates (Founder
of Microsoft) and several other names have also come up. There are several skills which need to
be possessed by an entrepreneur and above all you need to have a vision to start and operate a
business. In an overall analysis, I have understood that a business is successful if the
entrepreneur plays an active role in the business and have a creative approach towards handling
all problems of the business (Bae et al. 2014).
I have a dream to open my own business and establish myself as an entrepreneur in the
market. I want to be self employed in future and therefore business seems to be the most viable
option available to me. There are certain characteristics which an entrepreneur must possess for
ensuring that the activities of the business are smoothly undertaken and an appropriate approach
of innovation and creativity is introduced in the operations of the business. There are certain
characteristics which I believe I possess which makes me a suitable person to pursue the goal of
becoming an entrepreneur. These characteristics are summarized below in details:
 I believe I am a born leader and I can direct others to perform functions for a particular
objective. I have been captain in my sport teams and also been head of many
communities which are organized. Therefore, I am of the opinion that I am a natural