Young: Finding the entrepreneur within

An entrepreneur can enjoy remarkable benefits by stepping aside to let the venture operate as a profit centre.

An entrepreneur can enjoy remarkable benefits by knowing how to step aside and let the entrepreneurial venture itself—and those working within it—operate as a profit centre.

This kind of entrepreneurial vision, possessed by many within our valley floor, creates an organization that is more self-sufficient and self-sustaining.

It allows an entrepreneur to create wealth along with more personal freedom and free time.

So, let’s talk for a moment about the entrepreneurial investor who generates some level of profit to invest in other challenges— managing money so that it may work to actually produce more money.

The entrepreneurial investor will often leverage the success of the first business created to start  a second and third venture, based on their original success model or system.

S by franchising the original model or buying into other healthy business ventures, the entrepreneurial investor can get into the career of not just selling basic products and services, but of selling entire business ventures.

Now there is a thought that draws my attention, a sort of financial rewards chess game. T

The goal here is, of course, to still create profit. So rather than remain at the helm of this myriad of ventures, the entrepreneurial investor will buy them, ensure that they have valuable equity or some attractive allure and potential, then sell them to other investors.

The focus may be seen then as comparable to a real estate investor who finds, buys homes, rehabs them and flips them for a profit.

The challenge is to avoid falling back into the role of operating the venture as an administrator or manager and to meet this problem with a viable solution. The true entrepreneur will typically appoint someone else to take over the management reins of a given venture. The investor becomes more of a director or silent partner of sorts who shares in the profits while enjoying the relief of not having to share the routine responsibilities of operating the entrepreneurial venture from the inside.

The term entrepreneurial investor links investors with entrepreneurs and with good reason. They have many traits in common.

Both invest time and money with a goal of realizing a profit for their equity. They’re self-confident, independent and have the ability to remain in a positive frame of mind whether they win or lose.

Unlike most of us, they envision the future clearly and are prepared to persevere to make it happen.

Recognizing the entrepreneur within often takes time and patience as many different types of people are drawn to entrepreneurship.

A wide variety of talents, aptitudes and personal traits help to contribute to an entrepreneurial spirit, personality and definitely, vision.

The attitude, mindset, passion and character that I so often write about in this column, that define the successful entrepreneur, are sometimes hard to pinpoint or sum up in a profile.

But it is always easy to recognize in an individual or spot in an action within a business arena.

By having us examine some of the more predominant qualities of the true entrepreneur, it is possible to emulate them and determine if a given individual is actually suited to an entrepreneurial career, particularly an investor-minded one.

Learning about the symptoms and traits of the entrepreneurial investor can give added fuel, hope and impetus with what potential entrepreneurs already know about themselves and their personal and financial aspirations.

Having even an inventory of desirable characteristics can help us better clarify our sense of financial and personal reward purpose. It can help us reach objectives en route to greater attainment of higher goals and bigger benchmarks.

Just remember, the future can’t be predicted, but it may be controlled. This is precisely what successful investors and entrepreneurs have in common: An uncanny ability to use their  premeditated planning process to analyze and confidently make complex decisions when the future consequences are uncertain.

 

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