Motivational Entrepreneur
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Motivational Entrepreneur
The motivational entrepreneur selected is Warren Buffet. Buffet is a global entrepreneur and highly recognized by many people because of the tremendous achievement in the business world. The reason for selecting Buffet is the skills and mindset exhibited in investment; this has made him appear to be among the world’s wealthiest entrepreneurs. I always follow his advice and which makes me inspired. Furthermore, Warren Buffet is among the individuals who started entrepreneurship at a younger age. This makes me realize that age does not matter in investment; anyone can start at any age.
Warren Buffet is an entrepreneur and philanthropist. However, business skills and hard work have made him recognized as one of the world’s successful investors. Since Buffet was a child, he invested in several stocks and opened partnerships businesses (Hagstrom, 2019). Also, business investment is part of the work he does, including looking for stocks that are undervalued or are valuable, but many people do not notice it. Buffet has also invested immensely in Berkshire Hathaway company.
The entrepreneurial skills of Warren Buffet are substantial in the success achieved in investment. First Buffet is a proactive learner, and this is demonstrated by having a mentor in business, Ben Graham. Buffet has thrived in risk since he purchases stocks; he uses the idea of value investment and purchases stocks undervalued (Greenwald et al., 2020). For instance, Berkshire Hathaway was cheap and purchased it irrespective of the deficient knowledge in textile manufacturing. Also, Buffet can run on debt because he prefers to operate with small debt to increase earnings growth from shareholders’ equity. Buffet is also accountable and responsible for company performance by looking at the return on investment. Finally, Buffet learns quickly from the mistakes and corrects them. For instance, although Berkshire Hathaway’s purchase is his major regret, he used it as a holding company to purchase national indemnity companies. He utilized the significant cash flow to finance other acquisitions.
References
Greenwald, B. C., Kahn, J., Bellissimo, E., Cooper, M. A., & Santos, T. (2020). Value investing: From Graham to Buffett and beyond. John Wiley & Sons.
Hagstrom, R. G. (2019). The Warren Buffett Way, Ed. 2.