How To Be An Entrepreneur? A Complete Guide 2023
In this article, I will explain in detail how to be an entrepreneur. When we hear about a new company or a new business either online or offline we often think who this person is, well this person is the owner or nowadays we say it is the entrepreneur.
He/she is not just a person who runs a business they are much more to that from being a great influencer to a massive job creator maybe someday if not initially but gradually.
How common people see the world compared to an entrepreneur’s view towards the world has a difference, they can see opportunities in such odds and scenes where we may see a complete blank, and yes let’s not forget the risk-taking power they have which is quite hard for every human to have but it’s taken on after a huge analysis which we will discuss further.
What is entrepreneurship and how to be an entrepreneur?
It is an art and act of creation of new opportunities for making a huge scale profit in the upcoming years.
This can be thought of as a vague or incomplete or a lesser definition as in today’s world where the human mind is reaching high skies and everything around seems like a possible task, advancement has happened in this art too as now it’s not sticking just with money and profit its about improvement in the human life and the environment.
Thoughts over the business are implemented in such a way that they are making a difference in the better being of the world.
As we said it’s an art, the art is about building your life on your choice and terms and making the best out of it as per one’s mind.
Individually for you who’s the holder and starter of the business, there is no tied up schedule, no bossing around of any senior, and no one to tell you what your work except yourself.
Not saying that since there is no one to keep an eye on you can be lazy as always, the hard part is working with all your might without a deadline just having one in your mind and working accordingly.
Why start a business?
Why I started my own business, you will find a different story a unique reason behind every “why” of a person who has started up something new in their life which has been a remarkable mark on the world’s mind.
Some can have basic reasons such as bossed around issues or freedom issues or some can have a brilliant idea that can last an impression.
The way of working may not be suiting one they may have some other way of doing things which might not be a good happening in the place of work.
Yes, no doubt it’s a big decision which an individual makes for their life but in a high chance, it results in something great which in turn gives out for the well being of the economic world too.
Your skills play a very important role in the initialization as well as the further running of your business, an outsider can’t tell you what qualities you have or what you can do.
It’s only you who can figure it out by asking yourself a few questions and answering them truly so that you don’t make a mistake of getting in a dilemma of I can or I cannot.
Now let’s see why people go for a startup-
Considering today’s hectic and competitive corporate world it can be a task to find a good job as per your working skills and capability, this is one of the main reasons in today’s time for which an average person tries for a business.
That business can be online too with the growth in technology it’s easy now to take up your idea online and sell a product or do anything which you are good at.
College graduates who are young and fresh with ideas and with the urge and desperation of getting something new in the world choose this path or an employee who couldn’t move on to another company due to lack of experience or some other issues but requires money which can be earned in a quick period if you have the potential to go for it.
Many people lack the habit of working continuously for a couple of hours sitting in one place, having your place and work allows you to work at the time you want to without having a deadline which gives a headache.
Young mothers who had to leave their respective job due to time management which wasn’t helping them to be available for their child are among those new beginners where they can manage their time as per their comfort without losing their child care and their passion for work.
Even students who want to start early with work in their life and explore the owner world for their upcoming future without hindering their college and studies can start and manage their time out.
A new and fresh idea can open a gate of great opportunities which is hard to think of if you try until and unless when you see it for yourself, our time and technology are changing every day.
Discoveries and researches are being done something so raw and unique are coming out in the world who could think of sitting at one place and getting in touch with a person far away countries from you but Facebook did it, it brought a worldwide change.
Some can bring a change socially for needy people by starting campaigns or any sort of way to help out the people who can make our world a better place that is social entrepreneurship.
YOU ARE THE BOSS:
The struggle of being bossed around is hard for everybody but some can manage with it while others can’t and that’s when you want to be your boss.
The restrictions tend to hold you back you can do something extra-ordinary and you know it in yourself. You have some creative ideas which you want to implement but getting a stage for it is hard.
When you are assigned a particular work and you have to stick with it, this tends to make people switch completely with the awareness of a money crisis that can occur due to no job but risk it when you know it.
WORK FROM WHERE YOU CHOOSE:
Lacking the habit of hectic work hours goes along with the situation of being just in one place and working throughout, this is a problem that a person with different potential faces.
They don’t like to be stuck in one place and think their work out instead people get crazy idea’s from different sources and situations.
The idea of being tied up in one place scares them, they might feel that they are not comfortable and get bored easily which can affect their working life which can further have some serious consequences, especially in a corporate job.
THE CORPORATE WORLD:
The environment of a corporate world can affect your working growth some people find it hard to fit it in that environment as they see it as the lacking of their self hard work.
Office politics which is a major issue can trouble them as there may be some unfair happening which can be intolerable for some which can bring up some anger issues and it can be a personal downgoing that can affect family and working lifestyle.
Some are just not meant to be in that world it just depends on figuring out that you can do further great by leaving that place for some other job or your own company.
“What”, “When”, “How”, “What if”… these are the words with which questions keep flickering a curious mind who wants to explore something new every moment, they want to find out the answer to the questions which are either ignored or left unanswered.
Their curiosity doesn’t let them sleep they feel restless until they find out the reason which is good enough to satisfy their mind and that answer my friend is not an easy one to find.
They keep looking for it in different scenarios and possibilities and sometimes to give an answer they make one on their own which makes them feel satisfied at least in the initial phase and that’s how a new idea is given birth.
BORN TO DO:
The difficulty is not a small set goal for those who think and believe in high-end possibilities, they are highly ambitious to achieve great milestones and not leave any stone unturned which can take them any near to their set goal.
Such people find themselves continuously growing and constantly achieving heights they never imagined in the first place.
It’s not just for a business or a startup person it is for anybody who wants to be extraordinary and limitless and achieve some great heights in their life and not live a life as ordinary.
You have to be unstoppable and feel it in your mind to reach your desire in any field.
An entrepreneur is a person who takes on greater financial risks and operates a business or more businesses in comparison to a corporate working employee!
A list of some stone turners of all time-
- Bill Gates – Microsoft
- Larry Page and Sergey Brin – Google
- Mark Zukerberg – Facebook
- Read Hoffman – Venture Capitalist
- Jeff Bezos – Amazon
- Dhirubhai Ambani – Reliance Industries
- JRD Tata – Tata Group
- Nagavara Ramarao Narayana Murthi – Infosys
- Shiv Nadar – HCL Infosystems
- Ghanshyam Das Birla – Birla Group
The possessed qualities:
Be passionate about what you do.
Be clear and open-minded.
Be an opportunist, never miss out to know something new.
Be a risk-taker.
Have confidence and work with discipline.
Have determination strong and good faith in yourself.
Be a problem taker as well as a good solver.
Keep the river of ideas flowing continuously with space for new.
Always keep your competition in mind and work accordingly.
Be creative and try bringing out something new for the world.
FUNCTIONS OF A RISK-TAKER-
1. How to be an entrepreneur- Leadership:
For the well-being of your new startup, you need to have leadership qualities it’s a must-have as you need to control and organize your team, you have to play forefront in the initial time.
Well, one alone cannot do everything but since you are doing something new you need to attract a good team of people who can divide the workload with you and work under you as well.
Your team may feel low esteemed for a while and you being their leader hold the responsibility of taking charge and rejuvenate their hopes and set the bar high for them again. If you believe in what you do you can accomplish a great path.
2. How to be an entrepreneur- Setting a high goal:
You need to have a goal everybody needs a goal, there’s no use in working if you don’t know where it is going to take you, and considering the new initialization you need to have your bars high.
Yes, you can’t reach your desired goal directly you have to follow the stepping stones, hop on them one by one but be completely aware of each step and where you want to reach.
Never keep your goal ordinary, that’s why such people are referred to as risk-takers because they think of making the impossible as possible.
3. How to be an entrepreneur – A seller:
Your selling skills matter a lot you have to be a good salesman as you have to sell your thoughts or your product and being a new bee in the business you have to convince people more than usual as the first question which is going to hit their mind is, why should they trust you?
If you can’t sell you can’t move forward and succeed. Your product is good but if you can’t engage yourself well in the game of selling you can’t enjoy the fortune of the service.
4. How to be an entrepreneur – Wise decision making:
It’s your idea you know the pros and cons of any innovation being made to the original idea or any new move being done concerning strategizing and marketing, so you need to wise enough to decide at the correct time.
Any business needs finance so how the money is going to be invested and when this is also the leader’s decision, you have to manage all the funding and organizing.
The audience for your product matters so how your product comes into the market has your decision role in it. Socializing with the world would be done on your face as you own the company so always remember your
decision matters at last and the most.
5. How to be an entrepreneur – Problem solver:
Hundreds of questions and problems are going to encounter your way and you should always be ready for them and try and seek the best solution in the shortest of time.
As people are dependent on you for such issues and they trust your words it can be harsh and hectic because you have to handle more than you initially thought but being a risk taker you took it and now you know you can solve all of it out.
Maybe not in the present time that issue is going to trouble you if you leave it unsolved but it can be a hurdle in the future and that’s why it was said that leave no stone unturned.
Entrepreneurship and economic growth – steps on how to be an entrepreneur.
The new settlers in the market play a very important role in spurring the economy and play the role of an asset for the economic world.
They innovate and cultivate an idea which in turn gives out a great change and helps in improving the standard of living and working for themselves as well as for other people too who get an earning because of these new startups.
New jobs are created and people with the ability, in turn, get a chance to work, and the lesser the unemployment the better the economic value of the world.
Many a time the different industries are interlinked if one sector sees an expansion the other also tends to have a growth in its production value, for example- suppose the IT sector sees expansion and so the other sectors such as call centers, network companies, etc they also flourish in their respective areas.
Similarly, education and training institutes go hand in hand, with the growth in education and its awareness more schools and institutes are being developed and teachers and staff are being paid better.
With the development of new school buildings and institutes real estate also sees a spark in it as more workers are needed to make the infrastructure and in turn again more employment and growth in economic power.
The current running businesses may be running a good amount and giving a good income but when a new or improved product with better service and technology enters the world it tends to create a new place in the market which can create a totally new income, as a new product can be very interesting for the people and they can show some interest in it if it’s innovative.
Social changes and development
The quality of life of an average earning person has been changing forever, a new innovative idea does that for us as it breaks the ongoing stereotype and improves the working.
A startup is a takeaway from the original way.
The market where you are launching your product is a crucial part of your plan as then only it can bring a change in the world too, well it’s said selling sand in a desert is no worth whereas water has its value.
Considering the same situation, people living in desert areas have to wander around to collect water just for their basic needs and not as an earning.
But if technology with a new idea can be used to bring water to such areas, people won’t have to wander around for a basic need and they can invest their time for a regular earning which can bring out a great change in our world.
Development of the community is done with the help of charity as startups when turn out to be a big revenue they finance for good values such as health, housing for orphans and olds, education, etc.
A quality possessed by one motivates the other and that’s how you be an entrepreneur can be a life-changing decision for yourself as well as for the world.