YAFO

(This is from another older post of mine, here.)

Samir told entrepreneurs suffer from a YAFO mentality. They see opportunities anywhere and everywhere. (By the if you didn't know this, YAFO stands for Yet Another F****** Opportunity). And all opportunities need not be taken up by the VCs he said. There are places where angel investors are more happy to contribute than an exit-seeking VC.

There was another fellow who quoted a well known author while saying that entrepreneurs also have the B-HAG syndrome - (Big Hairy Audacious Goal).

A series of interviews were conducted with distinguished entrepreneurs. They were asked what characteristics they felt were essential to success as an entrepreneur. Good health was a characteristic mentioned by every entrepreneur interviewed. Entrepreneurs are physically resilient and in good health. They can work for extended periods of time, and while they are in the process of building their business, they refuse to get sick.

Emotional Stability: Entrepreneurs have a considerable amount of self-control and can handle business pressures. They are comfortable in stress situations and are challenged rather than discouraged by setbacks or failures.

I could summarize the following from some websites:

Most important for success as an entrepreneur:

* Perseverance
* Desire and willingness to take the initiative
* Competitiveness
* Self-reliance
* A strong need to achieve
* Self-confidence
* Good physical health


Important for success as an entrepreneur:

* A willingness to take risks
* A high level of energy
* An ability to get along with employees
* Versatility
* A desire to create
* Innovation


Other traits of success as an entrepreneur:

* Ability to lead effectively
* A willingness to tolerate uncertainty
* A strong desire for money
* Patience
* Being well organized
* A need for power
* A need to closely associate with others

All Rights Reserved.
Visit Jeev's Homepage