Lloyd Shefsky, who teaches entrepreneurship at Northwestern University’s Kellogg School of Management, tells the Financial Times: “It’s not all black and white. And it’s the shades of grey that make entrepreneurs great.”
He adds: “You can’t be an exuberant, passionate entrepreneur without discipline. You have to balance the artistic with the sensibility of business. And that’s not easy. In my course, [students] learn about how to think about that problem. There is no magic bullet, but there are ways of thinking about how to come up with one."
There’s always plenty of debate about what is the most important quality in an entrepreneur. Some say obsession, others believe vision or fearlessness is the key.
When it comes to qualities common to millionaires, Thomas Stanley says there are four foundations to financial success: integrity, discipline, social skills and hard work.
What do you think?