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Entrepreneurship today's requirement!

Entrepreneurship

Entrepreneurship is the capacity and willingness to develop organize and manage a business venture along with any of its risk in order to make profit. It is all about willingness to take risk and operate a business in a competitive global marketplace.

The common example of entrepreneurship is starting a business.

The business may be small with small budget or may be a large business.
If you start an agriculture business or may be a website for online shopping or a retail shop all counted as entrepreneurship.

So, who are the entrepreneurs?

Anyone who wants to work for himself or herself are entrepreneur.
Entrepreneurs are pioneers, innovators, leaders and inventors. They are at the forefront of technological and social movements – in their fields, in their forward thinking, in their desire to push the envelope.

The common character of a entrepreneur are risk taking ability, innovative, creativity and interdependence.

So you don’t need large volume of budget but you have the ability to take risk, some ideas and creativity, innovative mind, eager to do something and confidence that you can do anything.

Being entrepreneur is not a difficult task but the intensity has the big role in it.

We youths want to start a big business immediately, we do not believe in starting a small business and gradually making it big. That means we want fast growth. And in another point we like to copy what other did rather than to use self innovation and creativity.

But if you want to be a good entrepreneur and make your business most successful be innovative. Use creativity. Find the new area of business opportunity so that your business can be unique and different from others.

Why it's today's requirement??

Self employment

Entrepreneurship is the best way of being self employed. If you are running your self business you need not to leave  unemployed and search for the jobs. You have your own work  and own job. You are the boss for yourself and  you are employee as well. You have to work only yourself.

If you are doing your won job you need not to worry of  being fired. Because the fear of being fired makes the workplace uncomfortable sometimes.However as a entrepreneur you don’t fire yourself from your own job.

Creates employment opportunity

Entrepreneurship not  only makes you employed it also generates the employment opportunities to others as well. So the developing countries like Nepal it is mostly important to create job opportunities. For this purpose large number of industries need to be established. And for the big industries capital has vital role. But  being a developing country it is difficult to collect large volume of capital and open big industries and create employment opportunities. But what can we do  is develop number of entrepreneurs and create maximum job opportunities.

Boost economic  growth

we know 1000 small business contribute more than the one big industry who has 1000 employee. Entrepreneurship help to boost economic growth in several ways.

Firstly, the entrepreneur themselves become the businessman and earn to boost their economic standard.

Secondly, by creating job opportunities  for people, an entrepreneur provide wealth  to people. It helps to growth economic  standard of the employees. Which ultimately results in the nation’s economic growth.

Thirdly, entrepreneur tend to start a new business with innovation like providing the best quality product within low price so that people can save their money and get the best product. This strengthens the economy of a country. 

To set your own schedule

Being an entrepreneur you can set your own work schedule. Unless you misuse this opportunity. Being a entrepreneur you are your boss and you can  develop your work schedule which best comfortable for you.

Bring your ideas to life.

Entrepreneurs bring ideas to life. “If you know that you will not find peace in your life until your vision becomes reality you are willing to invest valuable resources, and acquire new knowledge” it could be time to start your own business.

Gain personal fulfillment.

Entrepreneurs aren’t stuck in a career that they aren’t passionate about. Sadly, that is not the case for many employees who report into a thankless job, day-in and day-out. Small business owners are driven by the pursuit of their passions in life. Economist Larry Smith, in a TED Talk, asserts why some will fail to have a great career. Don’t let that be you. What’s your excuse for not following your passion?

Provide a better quality of life.

What does an improved quality of life mean for you and those you care about? Entrepreneurs who attain certain levels of financial success in business often help others with their financial needs on an individual level or through philanthropic ventures.

Build a business as an investment.

Consider your small business as an investment. Entrepreneurs not only reap the financial rewards of building a profitable company but they also gain tremendous insights into the most important investment of all — one’s self. An investment by nature, is putting something on the line. Entrepreneurs take a risk on themselves because they know “they’re worth it!”

Creates your own lifestyle.
Are you a morning person? Do you prefer to work from remote locations around the world? Do you like to take trips often? One of the perks of entrepreneurship is the creative ability to design the lifestyle that best suits your desires.

Social change

Entrepreneurship brings the social change. Yes, you are listening right. It is based on creativity and innovation. That’s why due to the entrepreneurship we can get new product, new services which replace the traditional  approaches in the society to bring the social change.

Brain drain
Here comes the brain drain which we can prevent from entrepreneurship. Not only skilled and educated   we can also stopped the manpower from going abroad for searching job. The main requirement of  encouraging entrepreneurship  is to stop people within the country. And only they can stopped if they become employed within their country. It’s most important for the country like Nepal to develop more and more entrepreneurs to stop people from going outside the country as well to boost the economic growth.

Again comes the idea

You may understand how the entrepreneurship is important and may want to be an entrepreneur as well. But you may think I haven’t any idea what to do then how can be an entrepreneurship. But it ‘s simple. It’s not all about idea and money. But it’s all about idea. Understand? Nope! It is clear. You need to search what business  idea is better for you to start business. But you have to use  your mind and create idea around you for the possible business opportunities. You can find them form the problems you faced or from the services you expect form the others but they are not  providing you. You can start the business to solve one of these problem or to  provide one of these services. The problems up to yesterday can be the new business opportunity today.You need to analyze them and create them possible business opportunities. That’s the IDEA!




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