How Great Entrepreneurs of 2020 are different from Entrepreneurs of 2010?
If we compare 2010 with 2020, the transformation is humungous, whether it is in the field of consumer preferences, technology, economy, everything has developed. It has led to business owners to change their business tactics as well. So let us spot how great entrepreneurs of 2020 are different from entrepreneurs of 2010.
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2020 great entrepreneurs are more socially responsible
On comparison with 2010 entrepreneurs, 2020 great leaders are more socially responsible. Today’s government is vigilant and concerned about society welfare. So it is mandatory for the company’s to contribute towards corporate social responsibility (CSR).
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Emphasis on profitability
2010 entrepreneurs focused mainly on valuation of the company but 2020 entrepreneurs seek profitability as their key area. They think that stock prices of the company fluctuates according to market reactions, it is the profit generation that is in hands of the company. Both had a long term vision but it is the 2020 entrepreneurs that prove that business can be endured in long term by profitability only.
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2020 entrepreneurs are architects of their organisation
Since 2020 entrepreneurs have a long vision, they put a greater emphasis on architecting company’s framework and regulations. To get the ultimate goal of profitability, these leaders structure their organisation in such a way that all their key areas provide maximum return. Effective structuring the organisation makes great entrepreneurs of 2020 different from entrepreneurs of 2010.
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Humility and decisiveness is their key trait
With keeping in mind the company’s vision and mission, 2020 entrepreneurs have best decision making skills. They incorporate each individual’s suggestions while making any decision that makes the more humble and progressive as well.
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Maximum value creation and ROI
The entrepreneurs of 2020 understand where to invest capital that will give them best value or return on investment (ROI). These leaders very well know how to handles market tensions and hard trade-offs. That’s how great entrepreneurs of 2020 are different from entrepreneurs of 2010.
Let’s make 2020 a remarkable year in terms of getting efficient markets under the leadership of great entrepreneurs of 2020.