Great entrepreneurial qualities include being fearless. There are many barriers to success but fear doesn't have to be one of them, as David Spencer-Percival explains in this TV show.
Winning entrepreneurial qualities
Characteristics? I am fearless, I have no fear about anything. I mean when you’ve, I’ve not worked for a year, I’ve been low financially and I think when you have had that sort of experience you’re no really afraid of anything. I have always been very confident, my father was an incredibly gregarious confident individual. I had a good education so I was bright enough to make decisions and really assess situations. I just felt confident so I think that is probably the main thing, confidence and lack of fear. I don’t really fear anything, I don’t fear failure.
Inside Finance is very interested in what entrepreneurial qualities can lead to success. Find more great tips for entrepreneurs in our briefing No Fear – Entrepreneurship strategy for new starters
Entrepreneurial spirit cannot be taught. There comes a point when you need to stop moaning and start doing things your way. In this video Simon La Fosse explains why he became an entrepreneur.
Entrepreneurial spirit finds a better way to do business
I was getting a bit bored actually. I think partly boredom, partly you I kind of felt I’d reached a certain part, a time in my life when I was, I had enough evidence about working in a certain way being a really effective way to work and a pleasurable way to work and I’d seen too many organisations that I’d worked for just, I’m not saying it, it sounds a little bit arrogant but not quite seeming to get that. And so there comes a point where you’ve got to stop whinging and you’ve got to put your money where your mouth is and say “Actually, I think there’s a better way to do business and that’s what we’re going to stand for as a firm” and that was, I took a gulp, remortgaged the house, as far as the bank was concerned to build an extension, which is yet to be built, and took the dive.
Inside Finance will continue to bring you inspirational success stories from those with entrepreneurial spirit.
Business strategy models will depend on the size and maturity of the business. In a new business focus can be the difference between mediocre and world class, as Peter Janes explains in this video.
Focused business strategy models
Focus, really. The internet's a big pie and I think with the first business we tried to own, well tried to establish ourselves in many different areas and became mediocre at all of them. Rather than being world class at one. And I think that’s where this business has changed, my philosophy of it, being just world class at something and evolving it from that, rather than, yeah trying to pick of many different markets and many different industries. Yeah I think focus is probably the biggest thing.
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