Entrepreneurs are game-changers, trend setters, and this acronym seems to sum it up perfectly! For a long time it was thought that entrepreneurs were special, that they were just born with the ability and desire to go their own way, on their own. Over the past twenty years or so, we’ve discovered that entrepreneurs learn to do what they do that they also learn, to a large extent, to be who they are. That’s why we say they are made not born.

E: xamine needs, wants, and problems to see how they can improve the way needs and wants are met and problems overcome.

N: arrow the possible opportunities to one specific “best” opportunity.

T: hink of innovative ideas and narrow them to the “best” idea.

R: esearch the opportunity and idea thoroughly.

E: nlist the best sources of advice and assistance that they can find.

P: lan their ventures and look for possible problems that might arise.

R: ank the risks and the possible rewards.

E: valuate the risks and possible rewards and make their decision to act or not to act.

N: ever hang on to an idea, no matter how much they may love it, if research shows it won’t work.

E: mploy the resources necessary for the venture to succeed.

U: nderstand that they will have to work long and hard to make their venture succeed.

R: ealize a sense of accomplishment from their successful ventures and learn from their failures to help them achieve success in the future.