Startups 9

There are two types of entrepreneurs, one within an existing organization and one that starts a company from scratch.

The characteristics of an entrepreneur that starts a company from scratch include passion, flexibility, opportunistic, these characteristics are wonderful for starting a company in that you are constantly bobbing and weaving, adapting to experiments in the market, in short, taking advantage of every opportunity that comes along. (Even though they were not in your initial business plan). Having the flexibility of changing your business plan. Having the optimism necessary to lead your team. You are the who’s who of the company at the beginning, however, as the company grows in success, the company will need structure. Business plans, marketing strategies, these go against the flexibility and bobbing and weaving of the entrepreneur. The entrepreneur must recognize that he either changes or brings someone new. In short, the entrepreneur goes from a who’s who in a company to a who’s he.