- What?
The word “Entrepreneur” comes from the Middle French verb “Entreprendre” which means “to begin something; undertake”. An entrepreneur undertakes the risk of starting a new business venture. An entrepreneur creates a firm, which aggregates capital and labor in order to produce goods or services for profit. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. An entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. An entrepreneur organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. An entrepreneur is One who organizes, manages and assumes the risks of a business or enterprise. Entrepreneurship is an important driver of economic growth and innovation. Entrepreneurship is high-risk, but also can be high-reward as it serves to generate economic wealth, growth, and innovation.
- Why?Entrepreneurs create new business. They invent goods and services, resulting in employment, and often create a ripple effect, resulting in more and more development. Entrepreneurs add to the gross national income. Entrepreneurs create social change. Entrepreneurs invest in community projects and help charities and other non-profit organizations, supporting causes beyond their own.
- How?1. Ensure Financial Stability 2. Build a Diverse Skill Set 3. Consume Content Across Multiple Channels 4. Identify a Problem to Solve 5. Solve That Problem
- Who?Do I have the personality, temperament, and mindset of taking on the world on my own terms? Do I have the required ambiance and resources to devote all my time to my venture? Do I have the required network to seek help and advice as needed? Do I have identified and built bridges with experienced mentors to learn from their expertise? Do I have realistically assessed the potential of my offering and how it will figure in the existing market? Do my offering is going to replace an existing product in the market, how will my competitors react? To keep my offering secure, will it make sense to get a patent? Do I have the capacity to wait that long? Have I identified my target customer base for the initial phase? Do I have scalability plans ready for larger markets? Have I identified sales and distribution channels?
- Qualities?
Below are the Strong Charecteristics of an Entrepreneur in general.
1. Confidence
2. Competence
3. Courage
4. Self Descipline
On top of these basic Qualities, we are looking at Aspirants tagged with below HASH Qualities
1. Hardworking
2. Ambitious
3. Smart
4. Humble
- Goals?
- Outcomes