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Entrepreneurial Process

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To be successful entrepreneurs, the entrepreneurs must be goal-oriented, risk-taker, opportunity explorer, must have perseverance, independent, flexible, confident, motivator, stress taker, etc. But, among all qualities, the most important quality the entrepreneur must be ‘ envisioned’ ; must be ‘ enabler’ and ‘ enactor’ . Envisioning can be defined as the process of imagining and visualizing the future. This characteristic helps the entrepreneur to have an idea of the future demand of the product and the market in which the entrepreneur is planning to operate. Envisioning sometime stimulates the process of idea generation of any business.

This is one of the important qualities to become a successful entrepreneur. Envision helps the entrepreneur to have an idea of the unseen future and prepare the backup plan ready for dealing with any contingencies in the future. Envisioners can successfully be imagining the inventions and innovations that can be brought into the business in the future. Envisioners are creative and imaginative. Enabler is the person who has the ability to arrange and manage all the required recourses and activities in order to implement the ideas generated. The envision deals with the inception of the idea and the enabler deal with the expansion of that idea into reality.

Enablers are the organizers who interpret the vision. The enabling characteristic of the entrepreneur helps the entrepreneur to realize the vision in reality. It is the link between the vision and the action. Without this characteristic, the entrepreneur will never be able to realize the imagined goal successfully in reality. Enacting refers to implementing the vision into reality. The successful entrepreneur must have the quality of an enabler. Visioning any excellent idea without implementing, in reality, would not help the entrepreneur to achieve success.

The successful entrepreneur must be able to use the acquired resources to implement the imagined idea into reality.

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