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73
do not become discouraged by a setback,” Jeffry A. Timmons writes in
The Entrepreneurial Mind. “They see opportunity where others mostly
see obstacles.” If you fit that description, add 4; if not, subtract 4.
12. Are you an optimist?
A positive attitude is important for the entrepreneur. “At least a
half-dozen people warned me that the economy was bad and the compe-
tition too tough for starting my photography business,” recalls Bob
Satter. “But I was convinced I could make a go of it – and did.” If you
consider yourself an optimist, add 2; if not, subtract 2.
Now look at your final score. If you tallied roughly plus 20 or
more, that suggests you have everything going for you. A score of zero
to plus 19 isn’t as promising, but still points toward a strong head start.
If you scored between zero and minus 10, your chance of making
it in your own business is probably marginal. Finally, an E.Q. below
minus 11 is a clear signal that your talents may lie elsewhere. So, if you
aren’t in business for yourself rejoice! If you are , and have made it a
rousing success in spite of your score, remember: entrepreneurs don’t
always do well on tests!
SOME QUESTIONS FOR DISCUSSION
1. Do you agree with your results? Do you think you can work
for yourselves? Can you give your reasons for or against it
2. Do you agree with the very idea of such kind of test? or maybe
it’s useless?
TEXT 8
Are you an Entrepreneur?
Here's how to tell if you've got what it takes. Victor Kiam Con-
densedfrom “Going For It! How To Succeed As An Entrepreneur”.
When I was eight, the streetcar named Desire ran only four blocks
from my home in New Orleans. But the Sound of eager Desire racing
through the night did not inspire me – as it did Tennessee Williams – to
spin a passionate taie. Instead, it invited the entrepreneurial muse to
whisper the suggestions that guided me to the path l'm still traveling.
That summer I noticed that people getting off the streetcar at the
end of the day looked as if they would pass out if they had to go another
74
step without a cool drink. I didn't realize it then, but I had responded to
the first precept of an entrepreneur: I had recognized a need.
My grandfather staked me to five dollars to buy 100 bottles of
Coke. But before I could take my first step into the world of high fi-
nance, I had to set a priée for my goods. With naive boldness, I settled
on a markup of 100 percent!
Business was brisk the first day and got better as thé week pro-
gressed. You would have thought I was a pint-size John D. Rockefeller.
My grandfather was of that opinion. So you can imagine his shock
when, having sold my entire stock, I had only four dollars to show for
my efforts.
Few of my customers could afford to pay ten cents for a bottle of
soda. Many couldn't even afford the nickel I needed to break even. It
was so hot that I couldn't bear to let anyone go away empty-handed, so I
trampled my bottom line by giving away my merchandise. My first
business was.a financial failure, but it sure built up a lot of good will.
Entrepreneurs can be found everywhere – from fellows with out-
door lunch wagons to people within the corporate mainstream. Their
common bond is that they are risk takers, willing to roll thé dice with
their money or put their reputations on the line in support of an idea or a
project. They're following their own visions, and hâve decided to make
the sacrifices necessary to achieve success.
In 1968, after 18 years at Lever Brothers and Playtex, I left my
job. I had long thought of doing something on my own, but it was talk-
ing with friends and attending a seminar on entrepreneurship that gave
me the push I needed. I bought into the Benrus Corporation. Then in
1979 I acquired the Remington Company.
Thirty-five years of experience has given me a good idea of the
entrepreneur's profile. To find out if you have the right stuff, ask your-
self:
1. Do I have enough self-confidence? Before the startof the 1985
baseball season, Pete Rose was asked how many times at bat it would
take to get thé 95 hits lie needed to break Ту Cobb's record. Rose re-
sponded, “Ninety-five. I expect to get a hit every time up.”
You must believe in yourself. In a corporation, you want thé peo-
ple working under you to follow your lead; you want your superiors to
respect your judgment. If you're running yotir own business, you want
do not become discouraged by a setback,” Jeffry A. Timmons writes in step without a cool drink. I didn't realize it then, but I had responded to The Entrepreneurial Mind. “They see opportunity where others mostly the first precept of an entrepreneur: I had recognized a need. see obstacles.” If you fit that description, add 4; if not, subtract 4. My grandfather staked me to five dollars to buy 100 bottles of 12. Are you an optimist? Coke. But before I could take my first step into the world of high fi- A positive attitude is important for the entrepreneur. “At least a nance, I had to set a priée for my goods. With naive boldness, I settled half-dozen people warned me that the economy was bad and the compe- on a markup of 100 percent! tition too tough for starting my photography business,” recalls Bob Business was brisk the first day and got better as thé week pro- Satter. “But I was convinced I could make a go of it – and did.” If you gressed. You would have thought I was a pint-size John D. Rockefeller. consider yourself an optimist, add 2; if not, subtract 2. My grandfather was of that opinion. So you can imagine his shock Now look at your final score. If you tallied roughly plus 20 or when, having sold my entire stock, I had only four dollars to show for more, that suggests you have everything going for you. A score of zero my efforts. to plus 19 isn’t as promising, but still points toward a strong head start. Few of my customers could afford to pay ten cents for a bottle of If you scored between zero and minus 10, your chance of making soda. Many couldn't even afford the nickel I needed to break even. It it in your own business is probably marginal. Finally, an E.Q. below was so hot that I couldn't bear to let anyone go away empty-handed, so I minus 11 is a clear signal that your talents may lie elsewhere. So, if you trampled my bottom line by giving away my merchandise. My first aren’t in business for yourself rejoice! If you are , and have made it a business was.a financial failure, but it sure built up a lot of good will. rousing success in spite of your score, remember: entrepreneurs don’t Entrepreneurs can be found everywhere – from fellows with out- always do well on tests! door lunch wagons to people within the corporate mainstream. Their common bond is that they are risk takers, willing to roll thé dice with SOME QUESTIONS FOR DISCUSSION their money or put their reputations on the line in support of an idea or a 1. Do you agree with your results? Do you think you can work project. They're following their own visions, and hâve decided to make for yourselves? Can you give your reasons for or against it the sacrifices necessary to achieve success. 2. Do you agree with the very idea of such kind of test? or maybe In 1968, after 18 years at Lever Brothers and Playtex, I left my it’s useless? job. I had long thought of doing something on my own, but it was talk- ing with friends and attending a seminar on entrepreneurship that gave TEXT 8 me the push I needed. I bought into the Benrus Corporation. Then in Are you an Entrepreneur? 1979 I acquired the Remington Company. Thirty-five years of experience has given me a good idea of the Here's how to tell if you've got what it takes. Victor Kiam Con- entrepreneur's profile. To find out if you have the right stuff, ask your- densedfrom “Going For It! How To Succeed As An Entrepreneur”. self: When I was eight, the streetcar named Desire ran only four blocks 1. Do I have enough self-confidence? Before the startof the 1985 from my home in New Orleans. But the Sound of eager Desire racing baseball season, Pete Rose was asked how many times at bat it would through the night did not inspire me – as it did Tennessee Williams – to take to get thé 95 hits lie needed to break Ту Cobb's record. Rose re- spin a passionate taie. Instead, it invited the entrepreneurial muse to sponded, “Ninety-five. I expect to get a hit every time up.” whisper the suggestions that guided me to the path l'm still traveling. You must believe in yourself. In a corporation, you want thé peo- That summer I noticed that people getting off the streetcar at the ple working under you to follow your lead; you want your superiors to end of the day looked as if they would pass out if they had to go another respect your judgment. If you're running yotir own business, you want 73 74
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