Entrepreneurship is the capacity and
willingness to develop, manage or organize a business venture along with risk
in order to make a profit. In other
words an entrepreneur is the risk taker and an innovator who creates a new
enterprise. They have such capabilities to bring an idea which changes the idea
or a new concept that can succeed in the crowded marketplace.
Apart from this, they have excellent
organizational and management skills, as they had to build the organization
with his/her employees as well as with other stakeholders to ensure the success
of the venture.
The path of entrepreneurship is very
challenging there are a lot of sleepless nights. It takes too much out of the
person- physically, mentally and emotionally too. It is like taking a pledge
from that day onwards that one had to put one thing before anything else in
your life- comfort, joy, family, friends and sometimes even the peace of mind.
Entrepreneur is the person who is motivated
with the need for high motivation achievement and desire to be successful in
competitive situations. They actively search for the opportunities to do new
things or to do existing things in an innovative ways.
It has advantages and disadvantages too:
Being an entrepreneur will make you
control of everything, you have the right to choose your own working time at
any place of your choice whether be at home, office or any other place. On the
other hand every business owner must sacrifice and spend long hours to put a
strategy and to plan for work.
Working as an entrepreneur is very
exciting because each day is filled with new opportunities but on the other
hand there is a lot of competition it means that you have to differentiate your
business from others.
One of the greatest advantage of being an
entrepreneur is that they have no boss to tell you what to do while it is the
biggest responsibility as you have to handle everything. There is a lot more
independence as an entrepreneur.
Becoming a successful entrepreneur means
understanding hard times is when you need to push. To become a successful
entrepreneur is the journey not a destination. A successful entrepreneur does
not have finish line they push themselves to step outside of their comfort zones
and want to grow.
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