Do You Have What it Takes to be a Successful in Small Business?

II. What are the similarities of successful entrepreneurs?

• Persistence

• Desire for immediate feedback

• Inquisitiveness

• Strong drive to achieve

• High enerygy level

• Goal-oriented behavior

• Independent

• Demanding

• Self-confident

• Calculated risk taker

• Creative

• Innovative

• Vision

• Commitment

• Problem solving skills

• Tolerance for ambiguity

• Strong integrity

• Highly reliable

• Personal initiative

• Ability to consolidate resources

• Strong management and organizational skills

• Competitive

• Change agent

• Tolerance for failure

• Desire to work hard

• Luck

VI.What is an Innovation?

Something that is invented (ex. CDs), or Something that is created from an existing idea or product (ex. Super Wal-Mart).

VII. Where do innovative ideas come from?

• Unsatisfied customers
• Demographic changes in society
• Luck
• Imagination
• Vision
• Problem-solving

VIII. Remember:

• Look for new ideas
• Keep it simple
• Start small
• Try, try, try again