ENTREPRENEURSHIP 2
While entrepreneurship is exciting and rewarding, it has some difficulties early on in
the process. This means that becoming an entrepreneur doesn’t just come easy as one has to
go through dozens of hardships and challenges along the way. If somebody asked me what
the hardest thing about being an entrepreneur is, I would not hesitate to say it is the part of
making decisions. Entrepreneurs every day in their businesses are forced to make some hard
decisions on market conditions, accepting or declining business deals, prices, and costs.
There are a million reasons to love being an entrepreneur. However, if someone asked
me what I do think would be most fun about being an entrepreneur, I would consider the part
of being my own boss where I can set my own schedule with no one to dictate what I should
do (FEDERICO, 2015). I love this freedom where I can only answer to myself.
While a good entrepreneur has to be a good manager, a good manager may not
necessarily be a good entrepreneur. Most managers have a strong dislike in taking risks. On
the other hand, a good entrepreneur has a high propensity for taking risks. Entrepreneurs are
also higher in achievement motivation and preference for innovation compared to managers.
For a business to succeed, there has to be good management. There are common
attributes that make good managers and, it is these attributes that determine the success or the
failure of the business. Some of the characteristics that make a good manager include; good
leadership, exemplary communication skills, willingness to innovate, willingness to focus on
diversity, accountability, effective decision making, honesty, problem-solving, assertive,
goal-oriented, open-minded among others (Leddy, 2017).
