StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Successful Business Venturer - Personal Statement Example

Cite this document
Summary
To become competitive in the current global market requires people and business leaders with a good sense of foresightedness, strong will and commitment, and the gift of persuasion. These traits are parallel to what the book "The 10-Day MBA" proposes in the Leadership VCM Model…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Successful Business Venturer
Read Text Preview

Extract of sample "Successful Business Venturer"

What unique traits or personal characteristics will make you a successful business reader To become competitive in the current global market requirespeople and business leaders with a good sense of foresightedness, strong will and commitment, and the gift of persuasion. These traits are parallel to what the book "The 10-Day MBA" proposes in the Leadership VCM Model. According to the author, a leader must have - vision, commitment, management skills (Silbiger, 2005). Successful business ventures have people behind them who are comfortably grounded on the basic principles of doing business but at the same time have the ability to look beyond the present, i.e. foresightedness or vision as Silbiger suggests.

To do this, one has to have a good grasp of the total environment both internal and external, where his/her business operates. Thus, one has to be a wide-reader and must be always abreast of the developments and changes around him to foresee and anticipate what is yet to come. He must realize that these changes would have an effect on his business one way or the other.Likewise, in any endeavor -- be it personal or professional -- commitment is very much important. Coupled with strong will and desire to do a particular task no matter what, is a sure key to success in business.

Because through commitment, one gives not only his time and effort but the entire being of the person to ensure that a particular venture is accomplished. This in turn, develops trust from clients and co-members of the organization.Another characteristic needed is management skills of which communication and persuasion are very much related. Management and leadership studies always underscore the importance of clear and respectful communication within business organizations. Persuasion that is achieved through effective communication is important for businesses in dealing with their clients/customers as well.

I believe all these three traits are present in me. Though they may not be entirely unique but these are characteristics that I think will help me contribute to what the University, particularly the College of Business is focused on - "a passion for excellencesetting the highest standards for leadership in the global economy" (College of Business, University of Illinois). As I was growing up, many admired my gift of foresightedness. For instance, when I was extremely interested in clothes, I could tell which items will be of more value later on.

I was able to read and foresee what will become popular to greater majority. This has always been proven so as it led me to buy clothes cheaper at the right time and sell back at higher prices than that of its original price in the flea-market. In addition, I have been committed to my promises and this led me to obtain great faith from others. Through this trust I built, I was able to become chairman numerous times when I was in Korea. Furthermore, the art of persuasion facilitated any kind of conflicts throughout my life.

Much more than this, a single persuasion contributed to change my life entirely. When I was living in Korea, my home country, I persuaded my parents to let me go to the United States. I presented to them every beneficial aspect of going to America concretely. I knew it was not easy for them but later on they agreed to my idea and allowed me to study abroad. "I've come to believe that each of us has a personal calling that's as unique as a fingerprint" as Oprah Windfrey says. I found my personal calling as I found out who I really am.

I think it is time for me to offer my gift to others in the form of services. WORKS CITEDSilbiger, Steven Alan. "The Ten-Day MBA 3rd Ed.: A Step-By-Step Guide To Mastering The Skills Taught In America's Top Business Schools" 2005. College of Business-University of Illinois at Urbana Champaign. May 21, 2008

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Successful Business Venturer Personal Statement Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1527273-successful-business-venturer
(Successful Business Venturer Personal Statement Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/miscellaneous/1527273-successful-business-venturer.
“Successful Business Venturer Personal Statement Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1527273-successful-business-venturer.
  • Cited: 0 times

CHECK THESE SAMPLES OF Successful Business Venturer

Creation of a Successful Entrepreneurial Venture

Critical Appraisal of business Plan Process Towards the creation of a successful entrepreneurial venture Introduction A business plan is “a detailed definition of a business idea and explains how the business of the potential company will be executed (Piotrowski, 2011, p.... The purpose of a business plan is flesh out the original business idea in substantial terms, that is, to concretely describe what the business aims to achieve and how it aims to achieve these goals....
12 Pages (3000 words) Essay

Funding of Media Venture

… The paper tells that venturing in the media business requires huge capital for it to be able to meet the requirements of the government, sponsors, and customers and to achieve the obligations for which it is formed.... For a media firm to be able to secure funding, one of the requirements in many cases is a business plan which contains a solid business concept.... For this reason, they believe that a media firm with a good business concept would be able to compete effectively with other media firms and in the end make profit....
14 Pages (3500 words) Essay

New Business Venture

Assessing the social trends is one of the important strategic processes which entrepreneurs have to perform in order to ensure that the business actually captures the very essence of the society in which it is going to conduct its business.... New business Venture ... In this given situation since the business is related with the food therefore they can different and variable factors affecting the choices of the Adam in terms of offering new products on the new menu....
17 Pages (4250 words) Essay

Why Companies Enter into International Joint Ventures

This option works best when the business venture involved is a long term or short-term contract.... The firms are able to exchange technological ideas and new business ideas while the market range is also expanded.... This paper “Why Companies Enter into International Joint Ventures” focuses on why companies choose to enter into an international joint venture, reasons why international joint ventures fail and things that can be done to increase the success rate of International Joint Ventures....
12 Pages (3000 words) Assignment

Entrepreneurship: Successfully Funding a Business Venture

name, address, business's purpose and details of registered agent.... hellip; As the report, Successfully Funding a business Venture, stresses the steps of forming a limited liability company are fairly uniform in United States with slight variations.... Where raising capital through one's own assets is convenient, it also has inherent risks like losing assets if the business fails or partners being unable to pay off creditors if loan is raised against their personal assets....
6 Pages (1500 words) Assignment

New ventures and entrepreneurship

hellip; The author states that creating the right business opportunity or innovatively formulating an idea is a difficult task.... Formulating a vision is, indeed, a business challenge because sometimes entrepreneurs should transform themselves into magicians.... These visions allowed Gates to become the richest individual in the world while Jobs became the most recognisable business personality of the 21st century.... ourcing CapitalHaving developed a sound business proposal, the next challenge involves raising capital in order to support the creation of the new venture....
16 Pages (4000 words) Essay

EM-CNI Joint Venture Collaboration

nbsp;In today's technologically fast-changing business environment, the windows of opportunity for strategic attacks often are open only briefly and close quickly.... However, we have the technology, Information Technology tools, the Internet, and other business innovation tools that we can avail of in the collaboration process.... But the rewards of a successful collaboration can be enormous in Amazonia....
16 Pages (4000 words) Research Paper

Do We Need Passion to Start a Business Venture

The idea of starting and running a successful business is overwhelming.... The essay “Do We Need Passion to Start a business Venture?... rdquo; looks at passion, which is an essential element for success in starting and managing any business venture.... hellip; The author states that starting and running a business is like taking care of a baby.... A business venture like the baby requires a lot of love, attention, financial resources and plenty of time if it is to grow into a vibrant and productive business enterprise....
18 Pages (4500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us