Entrepreneurship
Entrepreneurship
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying the rewards as well. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurship is defined the process of designing, launching and running a new business, which is often initially a small business, or has the capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.

It is desirable to become successful as quickly as possible, but there are two different and at the same time essential questions:
- How can I become a successful entrepreneur?
- How can I become a successful entrepreneur as quickly as possible?
Here are some guidelines you can refer to become a successful entrepreneur:
- Define your vision to become a successful entrepreneur: Your vision is something that will undoubtedly define what the success for you as an entrepreneur is. You need to have a vision if you want to become successful.
A vision is a clear mental image of what you want your business to be at some point in the future, based on your goals and aspirations.
- Do not do what you don’t like doing: As an entrepreneur, you need to like what you are doing in your business. Sometimes that will not be the same as you plan that will be. You need to be passionate about your business because the passion is one of the most important forces that will force you to the success.
- Build a healthy community around your business: The important thing about your business success is that you will need people. You need customers, employees and other people/stakeholders facilitating you to advance your business. Also, you need persons with which you will talk and communicate. You need to start building your community as soon as possible.
- Communicate with your community: You do not need to build community only to sell them. You need community with which you will communicate and in some cases develop partner relationships. They have considerable power to make your business a successful business.
- Listen to your community: You need to listen to your community and at the same time to learn from them. This knowledge that you will collect from listening is essential to be used in your business through products and services that will satisfy the needs of your community.
- Use mistakes as an improvement tool: If you make a mistake and fail at something that you are doing, it doesn’t mean that you will not become a successful entrepreneur.
You will become unsuccessful only if you do not try something, made a mistake, learn from that mistake, and do not improve yourself based on that mistake.
You need to know that errors can improve you and your business.
- Change: If you don’t want to change your business, your market will change and will leave you isolated.
- It’s better to become the leader than the follower. If you don’t have a clear path to become successful, you will need different manoeuvres. You need a change.
- Find the ways to go beyond the limits: If you are the person who doesn’t think about the limits you will reach everything that you want. If you see limits in everything around you instead of opportunities, you need to change your mindset and start to look beyond the limits.
- Differentiate yourself: You don’t need to look at what everyone else is doing. That’s not something that will make you successful. But, you will need to differentiate yourself and your business from everyone else.
- Celebrate and reward: Students should see that they never distract the class during teaching through any means. Your journey to becoming a successful entrepreneur will not be a straight line. You will have many targets between where you are now and where you want to be in the future. If you want your journey to continue the success, you will need to celebrate and reward yourself and your team for all accomplished targets
Reference/Citation
- Entrepreneur
https://www.investopedia.com/terms/e/entrepreneur.asp - 10 Rules You Can Implement to Become a Successful Entrepreneur
https://www.entrepreneurshipinabox.com/2736/10-rules-of-success-for-entrepreneurs/