Entrepreneurship- Who is an Entrepreneur?

Entrepreneurship is a risky career for many people but for some, it is the way of fulfilling the dreams. An Entrepreneur is somebody who always strives to do something different and innovative. As many people always say they it takes money to become an entrepreneur but is it is not always true. Yes, it doesn’t take money always to become an entrepreneur. It takes a lot of persistence, determination and willingness to do something different is what matters most.

Entrepreneurship is not only meant for some of the educated individuals; anybody who has got an innovative idea or solution to fulfill a need gap in the market can become an entrepreneur. Entrepreneur might face a lot of challenges in the initial stages of the start-up. It is the persistence and perseverance that make the entrepreneur to be focused on the far horizon. As an entrepreneur, you need to take care of many different things at the time of the start up. It is important that as an entrepreneur, you need to have support form your family and friends. This support gives you courage to make things done in your own way.

Before planning to start your own firm, you need to do a lot of things as it is mandatory to analyze each and every situation that can affect your start-up. Be it money, market research, finding a mentor or getting the partner; you need to be utmost careful in all these situations. All these things matter a lot and all these things can affect the start up either positive way or negative way. It is the responsibility of the entrepreneur to ensure all these things to work for him and against him.

There are many other issues you need to analyze before going to zero in on an idea. An idea may be wonderful in your view but if the customer does not require your service or the product based on your wonderful idea, it does not make any sense to go ahead with the same. So, market research is what the solution that will make you decide on the idea. Be clear on your idea. It is better if you get some hands on experience before getting into the business. It is not always fun to enter into the business; it takes a lot of smart work that backed by the cash flow.

Unless you maintain the cash flow in the initial days, your company may not survive in this competitive environment. Business is all about serving the need gaps and getting the money to survive. To conclude, Entrepreneurship is a profession that comes out of the individual life experience.