Do you think greed plays a big part in becoming a successful entrepreneur??

Question

If yes, explain, if no, explain what other traits play a big part of becoming a success?

Answer 1

No, albeit it does not disqualify success. Greed can be a motivator, however it will most often cloud your vision and judgment. There is a distinct difference between a clearly defined business plan, that is regularly reviewed and refined, coupled with integrity, due diligence and persistence as opposed to running around "hungry" for the lion's share.

There is an old adage that I feel relates directly to greed as a motivator in any business decision... "Pigs feed, Hogs go to slaughter"

Answer 2

People Skills And Knowing What Sells. You Learned That By Attacking Reality TV. It Sells Doesnt It! I Think Staying On TOp Of Your Game Like You Have, And Appealing To A Younger More Interested In Technology, Or Just Plain Lazy Couch Potatos, You Will Get Far. But You Have To Listen TO The People To B e A Successful Entreprenuer! People Skills Are Important If YOu Need To Deal With Clientel! Maybe I Dont Know What IM Talking About.. Im Not Successful Nor Am I An Entreprenuer.. Although Id Love To Be.. I Work In A Dry Cleaning Store PRessing Clothes All Day Long! So Dont Mind Me. I ONly Wish I Can Be As Great As You Are. But No Im 21 And Have An 8 Month Old Daughter And I Cant Even Support The Two Of Us, BARELY! Lol.. But I Do Pay My INternet Bill! ♥... KriSTiE

Answer 3

Yes and no. Greed is unfortunately a way to success. Most commercials and advertisements are filled with lies or imply that you are not a cool person unless you have their product. There are also just a lot of bad people out there. On the other hand, if you are smart and have a good idea you can make it- but only if you're work is original and of high quality.

Answer 4

I think greed is a big motivator and many entrpreneurs are hungry and greedy. But many are not, I, for one, own my own business and I give much of my ad space away to non-profits and also some businesses get free ads when I have extra space. i am not greedy at all. I do this to promote better relationships with people in the community. You could look at this from the perspective that I am doing to it to get more business in the future, but actually, it is part of my desire to do good and create good will in the community. It sometimes backfires in that some people who get extra ads want the same deal as they had last year. those are the folks you could call greedy. but others are very polite, thank me for it and renew at the same or better levels. So there are all kinds of people. It isn't greed that makes someone successful, but greed can be present.

Answer 5

Success at most things, including business, requires a combination of talent, ambition, and luck. Excesses in one of those categories can make up for deficiencies in another. Greed is but one factor that could lead to ambition. So yes, a very greedy person might become successful if he/she is highly motivated. But someone with a natural talent for business, someone who's lucky enough to do the right thing at the right time, or someone who is motivated by other forces like philanthropy or passion for his/her work can also be successful, possibly even more so than the person who is motivated only by greed.

Answer 6

Greed does not play a big part because greed muddles clear thinking. Entrepreneurs should be driven primarily by a creative force within that recognizes a need in the marketplace. Entrepreneurs are successful when they fulfill other people's needs by supplying a product or service in demand. The market then compensates them adeqately for it (or they wouldn't do it).

Answer 7

No. A successful entrepreneur usually is a person who is persistant, and organized in thier goals. They have a vision, and the perseverence to make it happen. Usually these types of people are more givers than takers. They give thier time, and money to other causes. If that were not the case many charities would be out of business.

Answer 8

No, I think greed is more likely to cause a person to make mistakes, to warp your judgment. A desire to succeed is not the same as greed. The important factor is one's willingness to get to know the field, inside and out. Know your customers or clients, know your competitors, know your product, your suppliers, and what all your options are in the decisions you make. Research is a very important part of success.

And knowing who to trust gets to be pretty critical, too. A person can't go very far as a sole proprietor without having to delegate authority, having to trust employees and contractors to do what they say they will do correctly, on time, and without trying to rip you off. So knowing how to evaluate a person's honesty and their capability, as well as their loyalty to you, is important.

Mostly, I think you have to love what you do. The early part of a start-up company is normally a great deal of work before the profits start to build up. You have to be prepared to work for your vision, and that means loving the process, not just the outcome.

Answer 9

Greed has nothing to do with it. Sure, you want to be successful, and make tons of $$$, but really, what is it that makes someone want to start their own company? Start-ups rarely make a ton of $$, and you'll put in long hours that you'd never ask anyone else to do. I once heard that Business Owners work half days -- you decide which half. That about covers it. You won't be successful unless you enjoy what you do, or what you bring to the table.

Answer 10

My personal opinion is that greed destroys human behavior. Being a good entrepeneur is as simple as knowing the right people. Having business smarts when it comes to money and ownership of a business. Also treating your employees and customers with respect. To acquire these things is very easy. Doing your research and making sure you know and understand the field that your business is in is a good way to make sure you are prepared to take on a project like this.