Redefining the concept of an ‘entrepreneur’
Published 11-APR-2019 11:50 A.M.
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
An entrepreneur is not simply someone with an idea for an app.
Many people in business have everything it takes to be an entrepreneur but have never thought of themselves in those terms.
I say the definition of an entrepreneur needs to be expanded so Australia doesn’t miss out on the best business talent in the right roles.
In my conversations with business owners, I often rail against the idea that an entrepreneur is just someone with an idea for an app, a start-up or someone who juggles multiple roles.
An entrepreneur is anyone with business nous. You could be a 10-year senior manager in a firm or a student straight out of a business degree and you could be a first-class entrepreneur.
In my experience, there are four broad types of entrepreneurs:
- The Builder: They relish taking an idea or concept and turning it into success from the ground up. They can create value and growth from scratch.
- The Rebuilder:This rebuilder can take an existing business and give it new life – identifying what works and what doesn’t and making changes to bring it into a new age of success.
- The Renovator: This renovator isn’t afraid to make changes to what works to see if it can work better. They’ll take an existing business with a strong core and make small changes on a daily basis to ensure it’s set for a bountiful future.
- The Architect: The architect is someone who has strong vision and ideas and is always thinking creatively. Often found within the world of startups, they come up with the ideas that form the basis of a new business.
If this sounds like you, but you’ve never thought of yourself in these terms before, it’s time to start.
You could have what it takes to come up with the next great financial success story or steer a business from keeping its head above water to thriving and looking towards growth.
It’s not just an industry for young people, it’s not just an industry for people who work best by themselves, and it’s not just a tech-based space.
All you need to become a successful entrepreneur is the following qualities:
- Hard work: Entrepreneurs don’t expect work to be done for them, they don’t delegate the hard things to other people and they’re tenacious and assertive.
- They take action: Entrepreneurs are courageous, make decisions and aren’t afraid of embracing change and progress
- Have a clear vision: Entrepreneurs have made plans and learn to back themselves in and stick to them. They are good communicators and can clearly explain their vision to others.
- They constantly watch, listen and learn: Successful entrepreneurs are good at teamwork, listen to feedback and are always keen to learn new things. One thing they aren’t is stubborn or set in their ways – being a good entrepreneur means the ability to adapt.
So make sure you don’t dismiss the idea that you could become Australia’s next great entrepreneur – because you might already be on your way.
Second Squared is a business ownership accelerator with a difference. Rather than focusing on new products or technology Second Squared is primarily focused on the core element of business success - the entrepreneur who wants to own an already established business.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.