Written by: Sairash Sharma Gautam - 21118, Grade XII
Posted on: 22 July, 2020
"You have to see failure as the beginning and the middle, but never entertain it as an end." -Jessica Herrin, founder, and CEO of Stella & Dot
So now what is an Entrepreneur? An entrepreneur is a person who always craves innovation and drives us towards the future. The thing that you use daily which has helped u a lot in everyday life might be a child of someone's imagination. Everyone has an idea, in fact, every day a person can get up to 4 mind-boggling ideas but they are too scared about failing or they have too many excuses but an entrepreneur get an idea to solve a problem and evaluates it if it’s applicable in the real world or not and if it is they don’t waste another time thinking about what if they fail. Barack Obama once said, “I think Ronald Reagan tapped into [the fact that people wanted] a return to that sense of dynamism and entrepreneurship that had been missing”. This idea from him shows the impact of an entrepreneur in this world.
In one way Entrepreneurs are inventors who introduce new technologies to the world and from which the world hasn’t been accustomed. An entrepreneur runs a firm, who focuses on capital and labor that helps him to produce goods or services for profit. Entrepreneurship stands itself as one of the important leaders in innovation leading to economic growth. Entrepreneurship is defined by high-risk, but also a high-rewarded one that serves to generate economy, boosting, and innovation. To be a successful entrepreneur, one needs to have a leading ability and be well known on managerial aspects.
How do Entrepreneurs work?
The answer to this above-mentioned question is as important as the most difficult one to elaborate on. The way of working and leading the company towards success will make you an entrepreneur. So, mostly an entrepreneur conglomerates labor, time, and capital and focuses to manufacture goods or disseminate the services. They create a certain business plan that lasts for a certain time period and even renovate thoroughly, hire laborers, dedicate themselves towards obtaining resources and financing, and lastly take the leadership and management for the business. Entrepreneurs face many obstacles when building their empires. Among the lot here I have mentioned three that are more common as well as the most challenging one.
v Overcoming problems at the initial finance and managerial
v Hiring real talented people
v Obtaining finance from parties
At last, this world needs more visionary entrepreneurs who are crazy enough to think that they can change this world and as Steve Jobs once said the ones crazy enough to think that they can change the world are the ones to become entrepreneurs. Now is the time to initiate and grind on that idea which you thought is cool and could help this world in a different and creative way.
