Q. Describe Victor Kiam’s views
on how to become a successful entrepreneur?
Victor Kiam’s essay “Are You an
Entrepreneur” advises an upcoming entrepreneur to follow certain
self-restricted discipline to become a successful one. He says a successful entrepreneur has to
strive hard initially to win the confidence of a customer. The entrepreneur should
be ready to take risks and he ought to be willing to roll the dice with his
money and stake his reputations in support of his idea or a project to execute
it. He must make some sacrifices if necessary to achieve success.
The author says that his thirty
five years of experience of entrepreneurship gave him a good idea of the entrepreneur’s
profile. He says that an entrepreneur
should ask himself the following questions if he wished to be a successful
entrepreneur.
Do I have enough confidence in my venture?
- Am I willing to make sacrifices?
- Do I recognize opportunity?
- Am I decisive?
- Do I have enough self-confidence?
- Am I willing to lead by example?
With these questions, the author
of the essay proceeds to tell us the characteristics traits of a successful
entrepreneur.
A prospective entrepreneur must
believe in himself. We cannot inspire others if we don’t believe in ourselves.
Lack of confidence is not a disease but a symptom. Self-perceived negatives rob
an individual’s healthy ego. The author asks us to prepare a list of our
minuses and pluses. One has to overcome the identified minuses with required
efforts and cautious self-amendments. So,
one has to decide himself and do his best to overcome his minuses.
A prospective entrepreneur has to
work hard for sixteen hours a day and all seven days of a week. The product you
sell in the market or the service you offer should be qualitative. If not all
efforts of an entrepreneur will become waste. You cannot sell anything which
you would not ready to buy it.
“No pain – no gain” should be the
credo of an every entrepreneur. Nothing can be achieved without painful risks.
Working hours like ‘nine-to-five’ does not exist. One has to forget the clock while
doing his work. He has to sacrifice his personal comforts and weekend
relaxations. One should not be a successful entrepreneur unless he is ready to
sacrifice some of his personal comforts and luxuries.
Opportunities are rarely come to
us and we should make use of them by through examination of all angles of its
proposition. One should not neglect any of the slightest opportunity that comes
in your way.
An upcoming entrepreneur has to
be a decisive. He should not be logged down by the difficulties and unexpected
turns which may challenge him. One has to take right decision at the given
moment and act decisively.
Finally, an entrepreneur has to
become an example for his employees and workers. He cannot ask an employee to
do something which he himself is not willing to do. He has to work harder than
his employees do. There will be rewards for an entrepreneur who is ready to
sacrifice. They find satisfaction in creating something out of nothing. They
will gain a positive sense of self-confidence and of course, there will be
financial rewards too.
Entrepreneurship is not as easy
as we talk off. A prospective entrepreneur should work hard and work with a
vision. He has to be practical and be able to apply his mind to the situations
and circumstances. He should have confidence in himself and he should show
others that he leads others by his own example.
To sum up, entrepreneurship is
not easy but one has to strive hard to achieve his goal. David may not be
remembered if had slain a dwarf instead of Goliath.
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