Posts Tagged ‘Entrepreneurs’

Entrepreneurs: Born this Way

Thursday, April 3rd, 2014

3 Traits Ingrained in as Entrepreneurial DNA

The term “entrepreneur” has become quite the buzzword in recent years. What was once synonymous with starting and managing one’s own business, now has evolved to encompass traits of the trade such as risk-taking and business-savvy. One no longer needs to operate a brick and mortar business to be deemed “entrepreneurial”.

An entrepreneur identifies a need and quickly fulfills it. They are compelled to act without regard to habitual nay-sayers. They see a company or industry lacking in certain areas, and help them problem-solve the opportunities that business owners often times didn’t even know needed fixing.

While the traits necessary to be an entrepreneur can be cultured, the entrepreneurial spirit is more inherent. Classic entrepreneurs possess characteristics that set them apart from the Mark Cuban-wannabes. Here are three of those traits:

Ingenious Problem Solving

At the core, entrepreneurs are able to see a problem, or an area where a company is lacking, and creatively solve it. Creativity doesn’t always equate to iambic pentameter prose poetry. It’s a more of a process or mindset; How to cut off the crusts without using a knife. As much as we hate clichés, “Thinking outside the box” describes entrepreneurs perfectly.

Risks: Forget the Parachute

Risks may be calculable, but not to entrepreneurs. Though failure is not an option to entrepreneurs, it is a distinct possibility However, this doesn’t faze the true entrepreneur, even though the risks are not only monetary; sometimes the entrepreneur is risking reputation as well. Being your own boss means that you make tough decisions without benefit of a parachute.

Could Sell Ice to an Eskimo

Negotiating skills are essential for every business owner. Fear of rejection is not part of the entrepreneur’s genetics. They live by the mantra that “everything is negotiable” IE: leases, sales contracts and salaries, just to name a few. Effective and creative negotiation skills will help save money, and make money to keep businesses running at peak efficiency.

While all of these skills are essential to possess when starting a business venture, schooling helps young entrepreneurs hone in and learn to apply those skills in real life. Cogswell’s Master’s Degree in Entrepreneurship & Innovation teaches how to refine entrepreneurial skills needed to create, establish and grow their own ventures.

The 10 Best Pieces of Advice for Aspiring Entrepreneurs

Friday, January 10th, 2014

Over the past year, Entrepreneurs’ series “Startup of the Month” asked successful entrepreneurs what advice they have for others looking to take the leap into the startup world. From ignoring what goes wrong to dismissing some advice and surrounding yourself with amazing people, here is the best advice for aspiring entrepreneurs.

Check out this slideshow presentation to find out what the founders of OrganicLife, Enigma, Zady, Soma, Locu and others have to say.

What piece of advice do you think will be most helpful as you develop your business?

Shark Tank’s Daymond John Shares His Worst Mistakes

Friday, August 9th, 2013

What is an entrepreneur? According to Daymond John during a recent interview, an entrepreneur is someone who understands that he is responsible for every single failure but they are also someone who needs to figure something out and know that sooner or later will figure out the key to become productive. An entrepreneur is someone who thinks outside the box and when everyone else says ‘no,’ he says ‘yes.’

Mr. John is the founder of one of the most iconic fashion brands in recent years, FUBU, which stands for, “For Us By Us.” In this wide-ranging interview with “Behind the Brand” he not only talks about his biggest mistakes but also about how he got started and what motivated him.

What motivates and inspires you to keep working at your business?

How to Avoid Getting Burned Out

Friday, February 22nd, 2013

You really don't want to get to this point...

Every Entrepreneur needs to find that all important balance between work and then everything else you want to do in your life. If you find that work consumes your every waking moment, chances are, you won’t be satisfied and will realize something is missing.

Watch this short video by Business Coach Ann Mehl as she shares tips and insights into creating that all important balance and avoiding burn out.

Our Future-Cogswell’s 2011 Commencement Speech

Thursday, June 9th, 2011

It’s a spectacular moment when you know that your college rocks after finding out that a White House worker will be speaking at the present graduating class graduation. It’s even more so when said worker is very informative about the industry that most of the graduating students are going into and a witty sense of humor to boot! (more…)