Entrepreneurship defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.
The people who create these businesses are called ‘entrepreneurs’ it has been defined as the “capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit”.
While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of businesses have to close, due to “lack of funding, bad business decisions, an economic crisis – or a combination of all of these” or due to lack of market demand.
Different people choose different lifestyle and career to achieve their success, and there is no set-in-stone instruction for becoming one, the same thing for entrepreneurship because nobody becomes an entrepreneur by birth.
Do remember that there is no perfect guide to entrepreneurship, Entrepreneurs take on a number of different roles and these roles can vary depending on what field you choose to enter.
There is great saying by William Shakespeare that ” It is not in the stars to hold our destiny but in ourselves”
Also, remember that your journey is not a matter of chance but it is a matter of perfect choices which you have to make by yourself. So it the thing which is to be achieved but not a thing to be waited for.
Following below five steps could prevent you from starting off your life as an entrepreneur on the wrong foot.
Five People, You Need in Entrepreneurship Journey.
1. Have a Mentor
Mentorship is a relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. The mentor may be older or younger than the person being mentored, but she or he must have a certain area of expertise.
And there is a lot of difference between mentor and teacher because many people think that they are same meaning but their jobs are different, the teacher shows the path to reach the success, whereas mentor not only shows the path of success but also he walks along the path of success with us. So being you are a new entrepreneur it is better to have wise and efficient mentor how and where you need to start.
A mentor is an invisible power for every successful entrepreneur. Most of the successful entrepreneurs don’t reveal their mentors but they do actually have one who constantly monitors their activities.
2.Friends and Relatives
Friends are like fire they can ignite you to reach unattainable heights, at the same time they can set fire to you and throw you into a valley. One of the sayings is
“A friendship founded on business is a good deal better than a business founded on friendship”
In your course, some of the major decisions can be taken based on the opinions of your friends but ultimate decisions are yours. You should carefully determine and ask for reasons why they thought that way. We always think one or two ways but if you share some of the reasons to your friends they can think the other side around but don’t forget you are not to reveal everything you know.
You will not feel try when you maintain good friends.so, it is advisable to have good friends always.
While sometimes some of your close relatives may also try to give suggestions and opinions, you listen to them about what they are saying for your business. You can pick many new ideas and thoughts from your friends and relatives which could have been hidden from most of the successful entrepreneurs.
Always you have to love the man. if anyone criticizes, then you have to open your ears and close your mouth to your criticizers. Don’t talk rubbish to them just keep calm when they show off your mistakes and loopholes.
Instead of shouting to them you just smile at them go indoors close your doors jump and dance for they actually gave something which you got for free.
You did not pay a large amount to a business adviser and ask him where did your business plan fail.
Make sure to note each and every point from your criticizers and correct them as soon as possible. You should also be strong and positive with these people.
Take everything in a positive manner and never let negative thoughts even touch or entertain your mind. Always be positive and read good inspirational or motivational books constantly. If not you might sometimes feel like quitting when someone who laughs at you, but patiently endure and go ahead.
4.Be Honest with You
The life of an entrepreneur can be great — you’re your own boss, you make the rules, you run the business. However, all of these are easier said than done. Entrepreneurship isn’t an easy path. Instead, it is often much more difficult than getting a regular job.
One reason entrepreneurship isn’t easy is because, at the end of the day, you can only ever blame yourself. At a corporation, you can blame your boss, or perhaps the economy as a whole. As an entrepreneur, you will be looking for a niche in the market that you can fill. Excuses won’t cut it in this field. If your business failed, chances are that you researched poorly, you hired the wrong people or you just weren’t prepared.
Once your business idea is prepared and you’re ready to be an entrepreneur. Last but not least commitment matters; it decides everything because it is your heart and soul. If you truly want to become a successful entrepreneur put 100% efforts on your work. Effort will always trump one’s luck and skill, so if you’re serious about being an entrepreneur then you should never stop trying