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CHARACTER TRAITS COMMON TO SUCCESSFUL ENTREPRENEURS

-Dynne Kristelle M. Asuncion  12HUMSS1P

“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”

- Vince Lombardi

PERSISTENCE

Iyinoluwa Samuel Aboyeji Co-founder of Andela Iyinoluwa Samuel Aboyeji is a Nigerian entrepreneur. He is a co-founder of Andela, and was the former managing director of Flutterwave. Aboyeji was cited as one of the Top 100 most influential Africans by New African magazine in 2019.Back in 2013 Jeremy Johnson (co-founder of Andela) received an email from a young entrepreneur, Iyinoluwa was trying to ask about business to gain insight and advice for his own venture.  Johnson ignored his email for several times for he is busy with his own plans, until he finally gave in to give Iyinoluwa a chance. "Ten minutes into our conversation, I knew I wanted to invest in him. The fact that he was undeterred by my attempts to brush him off impressed me. I became a mentor to him and we swapped notes for more than a year about scaling our ed-tech businesses. Later, we co-founded Andela together. "(Johnson 2015)If he had taken “no” for an answer, his career would be in a very different place. From finding a mentor to finding investors, people will always want to tell emerging entrepreneurs “no.” Without persistence, getting a “yes” is impossible. Andela is now one of The World's Best Engineering Talent Network and is now continuing to bridge the gap and Andela has become the talent network trusted by hundreds of the world’s top companies to help them seamlessly tap into global brilliance. 

OPPORTUNITY-SEEKING AND INITIATIVE

Rob Law MBE Founder and CEO of Trunki Rob Law saw a similar opportunity when he noticed children travelling with their parents and saw the possibility for a children's suitcase which they could sit on. The idea for Trunki came to Rob when he entered a national luggage design competition in his second year of studying product design at university. This opens in a new window. The Trunki serves as a great tool for children to play with as they travel through an airport. Rob's company, Magmatic, subsequently started trading in 2006 and created the world's first and only ride-on suitcase for globetrotting tots. Six months after launch, he recruited an employee and in the years that followed he grew his business substantially. Rob's entrepreneurial journey has seen him win over 120 awards within the design, trade, consumer and business sectors including reaching 42nd on The Sunday Times Fast Track 100 and winning The National Business Awards SME of the Year. 

CALCULATED RISKS

Bill Gates Co-founder of Microsoft In 1975 Gates, then a sophomore at Harvard University, joined his hometown friend Paul G. Allen to develop software for the first microcomputers. They began by adapting BASIC, a popular programming language used on large computers, for use on microcomputers. Bill Gates took a risk when he dropped out of Harvard to start his own company. He also took a risk when he changed Microsoft's operating system from MS-DOS to Windows. However, his risks were calculated. He had confidence in himself and his product. In March 1986, Gates took Microsoft public with an initial public offering (IPO) of $21 per share, making him an instant millionaire at age 31. Gates held 45 percent of the company's 24.7 million shares, making his stake at that time $234 million of Microsoft's $520 million.

GOAL SETTING

Henry Sy Founder of SM Investments He wants to change his life. He never gives up and always try hard to achieve the best success. After failures in business, he stood back-up and attain a goal. In 1958, he established a shoe store in Quiapo, Manila. He made a huge profit because of his holding company, SM Investments, which owns BDO, among other things. In 19 2019, Forbes projected that his net worth has reached US$19 billion, making him the wealthiest individual in the Philippines, where he ranked the highest for 11 straight years.

SYSTEMATIC PLANNING AND MONITORING

Soccoro Ramos Founder of National Book Store In 1940, Socorro Ramos, only 18, began working as a salesperson in Goodwill Bookstore branch owned by his brother in Escolta, Manila. Because of her sales capabilities, Ramos was put in charge of the store. In the 1950s, Socorro Ramos thought of producing a line of greeting cards and postcards using Philippine views and artwork. By creating a distinct design, it promoted Filipino culture to the rest of the world. The company later acquired the national franchise for Hallmark Cards. In 2005, she was even named as Ernst and Young's Philippine Entrepreneur of the Year. She has worked her way up from being a mere sales girl to becoming one of the most successful entrepreneurs of the country.