The discussion thread presented an excellent post on the rationale for choosing the most successful entrepreneur. After reading the posts, I discovered some common things between Steve Jobs and Mark Zuckerberg as the most successful entrepreneurs. One of the similarities between the two entrepreneurs is that both of them had an opportunity at the right time. Additionally, the environment suited their business ideas. One could easily describe their success to be attributed to luck. However, the steps taken by each one proved to be the determining factor in their success. I tend to agree on the choice of the most successful entrepreneurship basing on the business plan. A business plan was essential for the success of the business during that time. Having the best ideas and inadequate plans at the same time will render an innovation useless. Steve Jobs’ business plan helped him to realize the close relationship between the capital he had and how the world around him would change for the success of the business. Having a good structure of the market and the future of the industry was vital for the right alignment of Steve Jobs’ innovation.
The classmates’ texts were enlightening; I realized that Steve Jobs had the capability of changing the environment to fit what he wanted. Unlike Zuckerberg, who had to wait for an opportunity, Steve Jobs created an opportunity. Most successful entrepreneurs are known to take advantage of the environment changes and take action when the difference fits their skillset. The ability to influence the environment through a business plan enables one to have control over an opportunity and not rely on luck. Hence, an important question would be whether you want to take or control what comes your way. I would instead choose someone who can manage what is on his way.
The rationale for the business plan is closely related to how I concluded on the most successful entrepreneur. Business plans highlight the risk levels associated with a business idea (Stockdale, 2013). Jeff Bezos, who had a high rank on my entrepreneur profile, had the highest risk because of lack of data. Jeff Bezos’ business was vulnerable because there were no previous ideas which could be used as a reference. However, he was a good planner and figured out the factors of production to be involved. Planning is essential, and it may not require advanced skills of innovation to realize success. Additionally, a business without strategies cannot prevail irrespective circumstances surrounding it.
Basing on the rationale from my classmates, I would change the most successful entrepreneur to Steve Jobs. I think he is the outstanding entrepreneur for being able to create an opportunity from an original idea. He was also able to cope with a high risk of competitors who would join the market. Steve Jobs was also able to satisfy both the known and unknown needs of the customers; this is a unique attribute that is rare to find. Many successful entrepreneurs are only able to fill the gap of what they can see and neglect what they can’t see. For instance, Mark Zuckerberg satisfied the needs of the market basing on the gaps existing on the market. Steve Jobs could easily succeed in the most challenging market when compared with other entrepreneurs. The worst business environment could adversely affect the prominent entrepreneurs mentioned in the discussion thread.
References
Stockdale, S. (2013). The growth story: Successful growth strategies used by entrepreneurs. Great Britain: Bookshaker.