Calbayar, King Eleazar S.

BSEE – 4E

Timmon’s Model of The Entrepreneurial Process

Article: Keys to Entrepreneurial Success – How to Build a Business

Over the past several years, Growthink business plan writers have had the opportunity
to assess the successes and failures of numerous entrepreneurs. In doing so, several
lessons have become apparent that can often make the difference between success and
failure in entrepreneurial ventures. Here is a review of the top four lessons.

This article has a four steps to become a success entrepreneurial, these are to focus, to
hire smart, to communicate, and to win. In this article have a potential to be a success
manager when you plan a business because it can develop the opportunity for a person
who wants to be a successful businesswoman/businessman someday. You need to be a
good decision maker also not only relying on this four types of entrepreneurial success.
You also manage your time so that you do not rush things.

In starting a business plan, you need to focus on what you goal you want to achieve.
Also you need to be creative as a founder of the entrepreneur that you are building.
The word "focus" simply cannot be said enough. There are so many obstacles and
problems that you will encounter. Entrepreneurs that succeed are typically the ones
that see the forest from the trees. They remain focused on the prize. They consider
new opportunities, but also note that pursuing them often takes them away from
accomplishing what they set out to do.

Instead of being a leader, you will not be called a leader if you do not have a team. In
this article it didn’t focus in just hiring some people to build a organization. You should
hire smart people also so that they can work on their own without you as a founder.
Not being a manager but also a leader. You show them the task that you want to
achieve them. They must be intelligent, responsible, and equally importantly, have the
enthusiasm to succeed and the ability to work in a fast-paced, rapidly changing
entrepreneurial environment.

Communication is the key to Success because you cannot finish the task if you and your
hired people didn’t talk about the tasks. You need to communicate like a family and
work as a team to achieve the task that you want to be. Management must share
information, instill company values and vision, discuss each employee's performance
with them, and make employees feel that they are the company and that the company
is them.

Leadership is the most important in this capital. A good decision maker is likely to be a
good leader. By making a decisions, you can also communicate with your team. Let
their suggestions may grow ideas so that you can easily think what you are the steps
you may do. It is the key also to win the goal that you and everyone wants. Winning
may take many forms, such as hitting sales goals or turning a profit by a set date.
Regardless of how winning is defined, it should be clearly articulated and everyone in
the company should have a competitive, winner spirit instilled within them.