Have a dream to become an Entrepreneur? Read this.
Everyone says they go extra mile but almost no one actually does. Most people who do go there think “Wait! No one else is here. Why am I doing this?” And they just leave and never return. What these people fail to understand is that the extra mile is a place filled with many opportunities. Every time you do something, think of one extra thing you can do, especially if other people aren’t doing that extra thing. Sure, it’s hard and might feel utterly lonely. But that is what will make you different. And over time, that is what will differentiate you and make you successful from the rest of them.
Starting a business is like planting a sapling. First, you have to invest your time and money. Then, you must take care of it while expecting nothing in return. But when your startup blossoms, it makes all the patience and hard work worthwhile. The term ‘entrepreneurship” is associated with the process of starting a business or an organization for profit or for social needs. An entrepreneur is someone who develops a business model, acquires the necessary physical, human capital and resources to start a new business and is responsible for its success or failure. Entrepreneurs create something new and something different.
If you’re starting something on your own, you should have a passion for it, because it is really hard work. Entrepreneurship has been described 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.” It is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its operation. An entrepreneur is someone who develops a business model, acquires the necessary physical, human capital and resources to start a new business and is responsible for its success or failure.
Passion, creativity, and resilience are the most crucial skills in business. If you’ve got those then you’re ready to embark on the journey. Passion is a simple yet profound narrative to describe the essence of being a true entrepreneur. They say that, at the end of the day if you have a passion, you can turn it into a purpose, and if you have managed to turn this purpose into a profession then you are a winner. A successful entrepreneur is someone who can take any idea, a product or service, no matter how ‘unrealistic’ it may seem to others, and possesses the will, skill-set and grit to take extreme risks and allow this idea to be flourished by introducing it into the market. He/She is one who can dream of the unreal, and work relentlessly to convert it into a reality.
An entrepreneur is a risk taker and an innovator in addition to being a creator of new businesses. Risk is an inherent aspect of entrepreneurship. Sometimes you just have to go for it, no matter what others say. When you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations. Every successful person has failed numerous times. Most of them have failed a lot more often than we have. That’s why they’re successful now. Embrace every failure. Own it, learn from it, and take full responsibility for making sure that next time, things will turn out differently. This is an important quality of becoming an entrepreneur. Yet despite all these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open businesses, launch tech startups, or bring a new product or service into the marketplace.
Business schools teach entrepreneurship education in their academic course details to enrich students with the necessary knowledge and skills required to become an entrepreneur. Bachelor of Business Administration (BBA) course allows students to gain broad knowledge on the aspects of different facets of business and to help them create and innovate their own startups. Meanwhile, Bachelor of Business Management (BBM) course provides more specialized curriculum on Entrepreneurship and Enterprise Development which trains students on how to become a successful entrepreneur.
In the context of Nepal, many people have started adapting to the pace of changing market and business scenario by innovating their own startups. One prominent example of a startup of Nepal is Food Mario. Food Mario has focused on encouraging home cooks to become home-based entrepreneurs, by helping them learn the business ropes, increasing market reach for them, and supporting their growth as entrepreneurs. The CEO of Food Mario Rohit Tiwari, an entrepreneur whose journey started from something as simple as selling rice to the college canteen during his student days to raising goats and installing high-end solar panels in hundreds of houses, he has an eclectic resume, to say the least. He then finally found his true calling with Food Mario.
Just like Rohit Tiwari many entrepreneurs have a clear vision of what they want to accomplish and feel compelled to work tirelessly to make that happen. They genuinely believe they have a product or service that fills a void and are compelled by a single-minded commitment to that goal to keep pushing ahead. To be a successful entrepreneur, you must have a passion for learning – from customers, employees and even competitors. Being a successful entrepreneur also means being a good leader. Entrepreneurship is the ability to recognize the bigger picture, find where there’s an opportunity to make someone’s life better, design hypotheses around these opportunities and continually test your assumptions.
Entrepreneurship is an experimentation: Some experiments will work and many others will fail! Go ahead, don’t be afraid to take the fall!