ESTEEMers (Class of '19) working in Innovation Park
The concept of entrepreneurship is very simple, it is to start one’s own business. However, some economists think it is more than that. They think that a person who takes chances to create profit is an entrepreneur and possibly the simplest definition of entrepreneurship is a novice who wants to invent something new and wants to market their innovations for profit.
So, while everyone can become an entrepreneur -- it is not defined by race, age, gender, financial position, experience or education -- the most prominent entrepreneurs of past and present have had certain personal qualities.
Willpower is key to success. it is a strong longing to achieve success. Despite many failures, the entrepreneur never loses their will to achieve.
Management is the ability to make plans, devise targets, and then execute!
The entrepreneur who is obsessed with their goals and ultimate vision will make others believe in them too.
An entrepreneur must have old-fashioned common sense and be able to make good decisions and deal competently with others.
The entrepreneur is self-assured, confident in their abilities and knows how to look into the future and plan well. A self-assured person instills further confidence in themselves.
The entrepreneur is devoted to their goals, working long and hard, day and night to achieve them.
Building a business requires an inspiration and the creativity which will lead to a better product and excellent results,. An entrepreneur thinks outside of the box.
Creating a product that meets the needs of the market requires flexibility. This quality is very important. Stubborn, inflexible people will not make good entrepreneurs.
Read more about the experiences of ESTEEM alumnit and young entrepreneurs:
- Ashley Kalinauskas '13, CEO of Torigen Pharmaceuticals and recognized by Forbes 20 Under 30
- Marissa Kosielski '18, CEO of Enlighten Mobility and featured in a "What Would You Fight For?" video
- Dustin Mix '13, co-founder of INVANTI and the Initiator's Guild
- Ellen Joyce '20, building an edtech company
- Jack O'Meara '16, saving lives with genomic medicine
- Kevin O'Keeffe '15 writes about the lessons he's learning while building several businesses