The entrepreneurship phenomenon
The term entrepreneurship is relatively easy to explain but its phenomenon requires much more attention, especially among young people. The term can be defined as a driving force for starting your own business and then organizing and managing business ideas, but to really understand the phenomenon you need to start from the entrepreneurs.
At its core entrepreneurship is all about creating new values, finding opportunities and identifying the problems on both new and existing markets and solving those problems in an innovative way. The easier part is to come up with an idea and identify the problem that must be solved. However, the challenge is the implementation. How to attract clients and how to conquer the market with the resources you have.
But then again, entrepreneurship is just a term and it wouldn’t exist if it wasn’t for the people. The entrepreneurs. They are the main agents and the seeds of entrepreneurship.
An entrepreneur is someone who has the skills, willpower and enough courage to take the risk in order to bring the business idea to realization. He must have the urge to change the world, to make it better. To solve problems and to satisfy needs.
The entrepreneur also needs to be a driving force that motivates others and finds the resources. And for that, he must have certain skills.
Skills of an entrepreneur
To be a successful entrepreneur you need to have the mix of different skills. On one hand, there are your professional skills which are not the key to your success while on the other there are some interpersonal skills and also the ones that enable you to be creative and consistent in hard times along with a skill to build a good team. Furthermore, you need to have some characteristics that will make you the great entrepreneur. In fact, there are 4 set of skills that every entrepreneur must adopt in order to be successful.
Question your personal characteristics, values, and beliefs. If you think that you own at least some of these characteristics, then you have the character of an entrepreneur. Here are some of them:
a) Optimism – Are you a positive thinker? This will help you get through tough times that every entrepreneur must face.
b) Vision – Do you easily detect how to make use of given circumstances? Do you have the ability to see the bigger picture? If you do, you can easily pass that energy to other people and inspire them to join you.
c) Risk tolerance – Are you willing to take the risk and to make choices and decisions even when things aren’t clear and certain enough?
d) Resistance – Are you capable of dealing with challenges even when the things aren’t going according to your plan? Are you able to learn from your mistakes?
In order to be a successful entrepreneur, it is absolutely necessary to cooperate with others. That means you need to build and develop relationships with your team, clients, investors, and suppliers. There are people who naturally have this skills, but fortunately, they are easily learned.
a) Leadership and motivation – Do you know how to delegate tasks to others? In entrepreneurship, you need to rely on others because in the early stages of business development there is so much work that you can hardly do it just by yourself.
b) Communication skills – Do you know every type of communication? Because you need to be able to communicate to others in order to sell your vision to the investors, potential clients and your team especially.
c) Personal relationships – There are many types of intelligence, and one of them is the emotional intelligence. The bigger it is the easier for you to work with others.
d) Ethics – Are your business relationships founded on honesty, respect, and fair play? It is hard to build a satisfied and dedicated team and good relationships with your clients and suppliers if you don’t respect these rules.
Critical and creative thinking
It is often necessary for an entrepreneur to have fresh ideas about the ways of overcoming challenges. If you develop the ability to make the right decisions based on information you receive you will be successful. And as far as the creativity is concerned it is the skill that can be developed.
a)Creative thinking – Are you able to see the situation from the different angles and come up with the original ideas?
b)Solving problems – How well do you find the solution to the problems you are faced?
c)Distinct opportunities – Are you aware of the trends? Do you know how to make use of the opportunity?
You need to have practical skills and knowledge in order to efficiently manage your business or to produce goods and services.
a)Determining your goals – Do you have the habit of setting the goals and then making plans on how to achieve them?
b)Planning and organizing – Are you able to develop and document business plans and other documentation in order to achieve goals in every aspect of your business? Are you able to coordinate the work of other people?
c)making decisions – Do you make decisions based on relevant information, assessing potential consequences? Are you absolutely certain in decisions that you are making?
If you have ever considered becoming an entrepreneur you need to adopt these skills. You need to be a winner. To reach for the business opportunities despite limited material resources. Many people are faced with entrepreneurial challenges, but what will make you an excellent entrepreneur is the character. You need to be the one who never quits. You need to overcome barriers and follow the opportunity to the end.