The entrepreneurial spirit is often difficult to define let alone examine at length because of its perception as being a highly creative and dynamic entity and it is with this particular caveat that this article is written.
Whilst the entrepreneurial spirit can be applied to a variety of website it really is perhaps most closely linked to the arena of business and incorrectly utilized to describe many successful entrepreneurs, while in fact hardly any individuals can truly demonstrate an entrepreneurial spirit.
The saying itself is French in origin and if interpreted in the literal context means “between jobs”. It can be interesting that the word containing go to project the particular pinnacle of success ought to have such mundane roots as a way of describing being unemployed.
This informative article examines several concepts that appear intrinsic as to what constitutes entrepreneurial spirit
In the highly developed global business community where new ideas and business models are increasingly to put it briefly supply the significance of uniqueness cannot be under estimated and those exhibiting an entrepreneurial spirit tend to be linked to concepts that encapsulate originality and ingenuity. Take for example, Steve Jobs bringing the Apple IPOD on the market,
Creativity is heavily attached to uniqueness although the two usually are not identical. Individuals with an entrepreneurial spirit are experienced at harnessing the creative process to assist them develop a unique product /service or advantage. Where as uniqueness describes the end outcome, creativity describes the procedure of how one achieves it. That is why those that have an entrepreneurial spirit are often creative those who are ready, willing capable to actively adopt new solutions to prosper even at the cost of being ridiculed by others.
Within a western society that is so frequently risk averse, those with entrepreneurial spirit embrace risk taking in fact it is impossible for this type of concept never to be linked to entrepreneurs and also the often heavy risk potential involved with using a new cutting edge approach. It should be observed however that risk is not the same as recklessness and others demonstrating an entrepreneurial spirit are likely to be good at assessing the health risks associated with any undertaking.
As highlighted previously those that have Simon Arias leader really should not be viewed as reckless mavericks indeed quite the opposite, good entrepreneurs are motivated by profit and they are skilled at identifying a lucrative niche in the market that can be exploited for profit. For example take, Steve Jobs at Apple Computers who may have successfully navigated a profitable course in the computing and software industry in spite of the market being dominated by Microsoft and IBM for a number of decades. Furthermore he was the first one to spot the possibility of utilising the computing industry to start a new market on the music fraternity , with the introduction of the IPOD, the industry leader in its business stream. Such actions requires great skill and confidence and demonstrate a specific entrepreneurial spirit.
Identifying, Buying and nurturing potential are also important to the ideals attached linked to entrepreneurial spirit due to the need to find differing methods to a business problem.
Established businesses often forget to discover breakthroughs because they stay with a rigid investment formula which has worked on their behalf previously as an alternative to finding new methods for moving forward.
The entrepreneurial spirit is obviously adaptable and ready to overcome barriers presented by business problems and is usually quicker at resolving those issues than mainstream business thinkers.
Entrepreneurial spirit is ultimately destructive to its own business from the medium term unless those involved in utilizing the concept recognize after it is a chance to handover to mainstream management focussed people that can maintain and develop the organisation. The reason being true entrepreneurial spirit is obsessive about simoarias creativity and alter which is unsettling to employees without good management as well as a clear direction. A lot of those demonstrating entrepreneurial spirit rarely stay long lasting in almost any enterprise they undertake, take Richard Branson for instance who after launching numerous businesses beneath the “Virgin” brand has subsequently sold on most of these to third parties in a huge profit to himself.
To conclude whilst there are actually certainly key characteristics which encapsulate the entrepreneurial spirit it could be foolish to pretend that anyone individual has those traits and many more foolish to believe that this type of concept may be comprehensively defined. Additionally it is short sighted to imagine that people with entrepreneurial spirit are just evident within the entrepreneur, indeed many different disciplines and vocations have historical and existing individuals contained within them which can be essentially referred to 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 utilized to describe those that have entrepreneurial spirit : Mavericks, Tycoons, pathological liars, risk takers, self made company owners, successful, charismatic.