The Keys to Entrepreneurship Essay - 710 Words

The Keys to Entrepreneurship What makes a successful entrepreneur? What can one do to put oneself in a position to succeed on their own? Jay Goltz, for example, is an extremely successful entrepreneur who started his business from the ground up. In the summer of 1978, Jay Goltz founded the Artist’s Frame Service. His business started by using his father’s basement as his office, but eventually moved to an old factory district in Chicago. Today, Goltz’s business in the largest retail, custom picture framing facility in the United States, with over 120 employees and more than $9 million in sales. This success has led Goltz to earn several awards, including being inducted into the Entrepreneurship Hall of Fame. What did Goltz do or†¦show more content†¦For example, Mr. Goltz noticed that many of the framing services did not follow modern management principles. This type of observations and investigations contributed to helping Goltz develop a strong business plan to follow for his new venture. These are all valid reasons as to why Goltz succeeded when so many other entrepreneurs fail. An individual’s personality traits are often determined by his or hers common environment, or in other words, their past experiences, friends, and style of life. Some of the personality traits that are essential to being successful in entrepreneurship are; tolerant of uncertainty, self–directed, self-nurturing, highly energetic, and action orientated. Goltz also suggests that you must be realistic about yourself and what to expect. Here are a few quotes from Goltz on about various issues; â€Å"Do not believe that when you go into business for yourself, you don’t have to answer to anyone, because in reality when you go into business for yourself you must answer to everyone.† â€Å"Hard work is not the surest route to success. If that were true then most people would be successful. Leveraging your assets and going with your strengths is the best way to achieve success.† (http://www.bossschool.com) Once a person has discovered his or hers stre ngths and weaknesses, then one can begin the processShow MoreRelatedThe Theory Of Entrepreneurship As A Key Lever For Growth Restoration And Job Creation1134 Words   |  5 Pagesan entrepreneurship-friendly environment, which continues to constrain Greece’s ability to emerge from the crisis. To overcome these difficulties, Greece must embrace entrepreneurship as a key lever for growth restoration and job creation, in the absence of career alternatives and in pursuit of national competitive advantages (Endeavor (2010). 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