Yesterday I had the good fortune to see Sam Zell talk. His wisdom, intelligence, and incisiveness, delivered more directly than most are capable of, is refreshing and inspiring.
I liked his comments on what makes a good entrepreneur:
- The ability to identify problems and come up with a solution. It’s an “innate gene”: it’s an unescapable, always-present way of life.
- Failure cannot be part of an entrepreneur’s vocabulary; even when it is unjustified, entrepreneurs are always confident.
Subsequently, Mr. Zell identified what separates good entrepreneurs from bad: the ability to execute. He called the ability to execute the most “underrated driver” of successful businesses.