Quote from: Hammerschmidt on January 22, 2017, 05:55:29 PM

Quote from: wh04m1 on January 20, 2017, 01:16:28 PM

Entrepreneurs have some basic characteristics. For me, the most important features are the risk. At the same time they work hard to realize the idea.

What are the features that should be a good entrepreneur for you?

Some people say you need to be born with certain qualities to become a very successful entrepreneur. Others say if you just work hard at something, you will achieve greatness. I don't think hard work is enough. In the first place, there's no objective measure of hard work. What someone might consider mind-bending another can do with ease. I think timing has a lot to do with it. If you recently invented an 8-track player that will never wear out, costs $2, and can play 500 songs, guess what? You're over a generation too late. You have to be in the right place at the right time, have a team of like minded people all dedicated to the same goal, and enough money to survive your first few crisis, or else nobody will ever hear of you.

I think this is one of the most important reasons. As a matter of fact, a good entrepreneur should be a bit lucky. Because entrepreneurship does not have a clear formula. If there was a clear formula everyone would succeed using the same formula.