Entrepreneurship is the willingness to develop, organise and manage a business venture while taking calculated risks to generate profits.
Entrepreneurs are pioneers, innovators, leaders and inventors who do not follow the status quo, they think out of the box in an ever-evolving world. They are people who are at the forefront of technological or social movements driven by forward-thinkers in their desire to push the envelope. They are confident and self-motivated dreamers who are realistic and practical but most importantly, they are achievers who accomplish their goals.
In other words, an entrepreneur is a person who can take an idea, whether it is product or service related and apply their aptitude, determination and courage to do whatever it takes to turn that concept into a reality making it a viable product or service that people want or need.
Entrepreneurs also exhibit resilient characteristics as failure is a very realistic norm in the world of entrepreneurship. Entrepreneurs should be willing to fail and start over again, taking the past lessons they have learned to create new and improved ventures. Entrepreneurship means different things to different people.
Some people aspire to be technological giants like Mark Zuckerberg or Steve Jobs, the founders of Facebook and Apple respectively, and others intend to own a local takeaway or taxi service. The recipe however for successful entrepreneurship encompasses the same values. It’s up to you to decide at what level you like to apply them.
If you’re ready to enter the world of entrepreneurship, here are a few important tips to keep in mind.
- Entrepreneurship is hard work so make sure it is what you want.
- Be passionate, persistent and determined
- Always research, research, research! It increases your chances of success.
- Learn from other people’s mistakes especially those who are in business
- There is a creative solution to every problem, find it!
- Get advice from those who have done it already.
- Network with like-minded people
- Do what you do best and outsource the rest
- Don’t be afraid to try, it’s better to have tried and failed than to have not tried at all.