What Does An Entrepreneur Do?: Donating FDA-approved Ventilators To Hospitals Fighting COVID-19
What Does An Entrepreneur Do?: Donating FDA-approved Ventilators To Hospitals Fighting COVID-19
What Does An Entrepreneur Do?: Donating FDA-approved Ventilators To Hospitals Fighting COVID-19
unexpected detours, roadblocks and dead ends. There are lots of sleepless
nights, plans that don't work out, funding that doesn't come through and
customers that never materialize. It can be so challenging to launch a
business that it may make you wonder why anyone willingly sets out on such
a path.
An entrepreneur who regularly launches new businesses, sells them and then
starts new businesses is a serial entrepreneur. Additionally, although the term
"entrepreneur" is often associated with startups and small businesses, any
founder of a successful household-name business began as an entrepreneur.
If you want to become an entrepreneur but worry you don't have the money
for it, your finances don't have to stop you from achieving your goals. Many
entrepreneurs seek the initial funding for their pursuits from external sources
such as angel investors, who may provide entrepreneurs with capital to cover
startup costs (or, later, expansion costs.) If you can demonstrate a high
growth potential for your business, you can also turn to a venture capitalist,
who offers capital in exchange for receiving equity in your company.
Steve Jobs, the late tech leader who started Apple in a garage and
grew it to the dominant tablet, smartphone and computer company it is
today.
Elon Musk, who founded SpaceX and has since become known for
putting the billions of dollars his company has earned him toward projects,
including providing clean water to Flint, Michigan, and donating FDA-
approved ventilators to hospitals fighting COVID-19.
Bill Gates, the Microsoft creator and founder who has often been listed
as the world's wealthiest individual and has become a global leader on
pandemics and how to handle them.
To help you determine if you've got what it takes, here's what 25 company
founders and business leaders told Business News Daily about what they
think makes a truly successful entrepreneur.