introduction
The word entrepreneurship was taken from a French word known as entreprendre which has to do with the act of doing something or creating something independently and is a word that is used to describe someone who owns his business, it can be a shop or company
For so many years it has been noticed that people who became rich we are not salary earners but entrepreneurs who get involved in different field life psychology economics business philosophy and so on and so forth, to be an entrepreneur self-discipline is very important because an entrepreneur assumes that he has all the whole time but without self discipline and necessary skills and resources the person will definitely fail.
Different people have different meaning or definition of entrepreneurship but is all it has to do with trying a new things in dependently in order to add value and satisfaction to one's life.
What is takes to be an entrepreneur?
Chose a business venture.
Success of an entrepreneur depend on the type of business he or she goes into and before choosing a business and entrepreneur needs to make some market research on the location and the kind of business he wants to do it is very important to consider some personal threats and strength of the area and also personal skills and abilities to develop the business.
Also it is very important to be flexible in making decision then get ready to change decision and entrepreneur should also have a mind that there are some risk that are involved so an entrepreneur must have a backup plan.
Develop a positive mindset towards the business.
Most people for so many years have been longing to be an entrepreneur but some have this negative feeling that they might not succeed.
To be entrepreneur you must be ready to distinguish your business and services from the ones in the market, positive mindset will definitely help you to set a standard of living that will improve people's life around you and help you reach your desire and also enhance business growth.
A positive mind person will be going oriented would try to work for satisfaction and fulfillment in life.
A positive mindset person will be ready to learn from the experience of successful entrepreneurs and this he can achieve by reading their biography, attending business programs and seminars listening to audio or video tape of successful businessmen.
It is also important to engage in thoughtful activities such as meditating thinking which will help an entrepreneur to visualize the Future of his business and make a positive confession about the business, sometimes not easy it is important for an entrepreneur to be happy and not too serious because this will help to interact with business partners and consumers.
Understanding customers need.
An entrepreneur should be much ready to build strong relationship with consumers because that's basic growth of the business, Its also very important to gather feedbacks then analyze trends to know what consumers needs which wll help in building trust, transparency and communication.
An entrepreneur is much ready to review the quality and standards of his goods and services, if possible get ready to do some promotion to attract more customers.
Types of Entrepreneur
There are various types of entrepreneurs and they are based on individual motivation and characteristics and their different approaches to business.
Serial Entrepreneur.
Elon muskRichard Branson are an instance of a serial entrepreneur, they work hard to start and build new businesses and they move from one venture to another grabbing all possible opportunities for business growth.
A serial entrepreneur has the motive of solving challenges creating values and trying out new ideas also serial entrepreneur build high tolerance for risk and strong leadership for skills they also use their past experience for the present by applying the lessons learn to subsequent ventures nearby increasing their chances of growth.
Social Entrepreneur.
Muhammad Yunus the founder of grameen bank is an instance of social entrepreneur, a social entrepreneur measures success not just with financial gain but with the positive impact he have created in the society and the planet.
To impact positively in the society a social entrepreneur have to operate in open areas like educational system healthcare sectors and community developments.
Social entrepreneur must be creative and empathy as well as resilient because that's the only quality that will make positive impact on people also a social entrepreneur most leverage entrepreneurial principles in establishing non profitable organizations hybrid models just to create impact in the society.
Small business entrepreneur.
The process of just an individual who start up a business with the focus of satisfying a little community it can be a mini shop in the street, it can also be a business with fewer employees.
Importantly a small business entrepreneur have to be adaptable and flexible so as to respond to customers request when needed without waste of time because efficiency is a good quality of a small business owner.
scalable entrepreneur
This are individuals who build their businesses with high growth potential and scalability, A scalable entrepreneur works hard to create avenue that can quickly expand and generate income without much cost, a scalable business gross faster to increase market presence and it focuses more on developing businesses that will bring change to the society and profit to them, example of scalable entrepreneur is uber, this business have the motive of optimizing the operation and maximizing efficiency.
conclusion
No matter the type of entrepreneur, and the challenges that comes along with it, facts still remains the being and entrepreneur draws one closer to financial freedom without much delay.
All pictures are mine