Columbus, GA

Friday, March 25, 2011

Are you thinking about starting a business of your own? If you answered yes, you start by weighing the pros and cons, so that you can make a wise decision. Entrepreneurship is about opportunity identification, development, and capture.

Five distinct types of entrepreneurial personalities have been found:

1. Small Business Owners; loners, hard workers, socially isolated, average learners, average income seekers, and risk adverse.

2. Visionary; hard workers, loners, socially isolated, fast learners, fame seekers, and risk takers

3. The C-Level Entrepreneur; hard workers, team players, socially connected, fast learners, wealth seekers, and risk adverse

4. The Marketing Entrepreneur; socially connected, hard workers, team players, fast learners socially, average learners technologically, acceptance seekers, and risk adverse.

5. The Classic Entrepreneur; hard workers, fast learners, self sufficient, socially connected, wealth seekers, and risk manager. All of the entrepreneurial characteristics include industry specific knowledge. These types of expertise can be called basic business competencies.

In today's technological economy, there are certain fundamental activities that all businesses must perform, which are called the key business drivers or functions, and include marketing, sales, operations, accounting, finance, and human resources. All of these skills focus on knowing your business and its context.

Each entrepreneur must identify their internal and external threats by performing an Environmental Scan and Developing a Risk Management Plan.

Dr. Jakes, Author of Top 10 Fail Proof Ways Startup Business Can Succeed in a Floundering Global Economy identifies specific startup qualities for successful entrepreneur. http://www.expertclick.com/NewsReleaseWire/Top_10_Fail_Proof_Ways_Startup_Business_Can_Suceed_In_A_Floundering_Global_Economy,201128339.aspx



About Dr. Dwayne D. Jakes, CMC

Dr Jakes is Founder and International Managing Director of Dwayne D. Jakes & Associates Management Systems, LLC, http://www.ddjakes.com During Dr. Jakes twenty- year career he has been recognized as a Forward Thinker, Consultant, Professor, Speaker, and Executive. Dr. Jakes is Area Chairman, Management, University of Phoenix and lectures Graduate and Undergraduate Business Courses at the University of Phoenix. He is considered a leading authority of People Commerce Development Systems Design™. He's called "The Startup Business Coach™ http://www.startupbusinesscoach.com and Architect of People Commerce Development Systems" because of his unique approach to blending synergies between people, business, and client relationships by creating value-added results on ROI/ROE.

His Business Model expertise focuses on ten management areas: Leadership Development, Project Management, Human Capital Development, Executive Coaching, Small Business Startup, Transformational Leadership, Global Business Procurement, Planning/Policy, Strategy, and Organizational Development.

Dr. Jakes has consulted and transformed numerous small, mid-sized, and large global organizations as a Certified Management Consultant. He has written and published in the field of consulting and management, He hosts The Startup Business Coach ™Show on the Voice America and World Talk Radio Networks. http://www.voiceamerica.com/show/1826/the-startup-business-coach-show

For more information, please go to http://www.ddjakes.com, write to Dwayne@ddjakes.com, or call 706-561-8644.

Connect with me on these Social Media sites

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Dr. Dwayne D. Jakes, CMC

International Managing Director

Dwayne D. Jakes & Associates Management Systems, LLC

Columbus, GA

706-561-8644