January 3, 2023

What's entrepreneurship?

Entrepreneurship is a state of mind that distinguishes a classical attitude with a more daring one. It's also a conjunction of different elements related to the person and the environment as well.

Let me share with you my experience on the subject and answer as many questions as possible.

Who is an entrepreneur?

An entrepreneur would be a gifted person that would come pack with great ideas and is capable of translating them to reality

what are the skill needed in order to be an entrepreneur?

can anyone become an entrepreneur?

how are entrepreneurs considered in our todays world and society?

What are the different hurdles that an entrepreneur would face?

is an entrepreneur a gifted person? is entrepreneurship limited to digital world? waht does it take to lunch a business?

Is there definitely something useful, a craft or as some would in some ways call it a trade that one can at least learn or even master prior to quitting school?

It could be learned in the regular classroom environment or the online classroom atmosphere. There are a large variety of elementary level subjects and most of them are available online at no price.

If I were to say to you that I didn't want you to devise your own business plan or Google for the hours it's been busy, thinking about your business ideas, or maybe have 'how to' articles scattered around out there on the Internet I would cut off your head. I would say forget the whole scenario. It's not necessary to do that. I know it's good for us to have rough ideas on our computers but that can be done with any (online or offline). Having though entrepreneur training classes is a plus for those who are on the young side.

Being an entrepreneur does, and ever does involve coming up with new ideas. Unfortunately there is a lot of time to be dedicated, yes a lot of patience is needed.

There are a lot of kids out there considering becoming a business entrepreneur on/and looking for that unicorn, however a lot of them don't realize 'how' and 'why' the bother. An entrepreneur is always on the look out for new ideas. There are people who already have a business going in with their own ideas they want to survive for a few years before they decide to sell it off or close shop. They will find out how to enjoy their money for 15-20 years or so while they are still making their money.

The more serious kind of entrepreneur (those who need a life for vacation, for themselves, for entrepreneurship) the more effort is going to be needed. Errors will be repeated over and over for a while (in the beginning of their business) and all staff are open to the new ideas. Unfortunately not all amateurs are entrepreneurs. Entrepreneurs can withstand criticism and criticism can possibly take nerve. Have a person (an entrepreneur) you trust to give you their opinion and how you can improve your business. There is one little caveat here though. You can't be happy with off the wall ideas and just make them work. You have to be able to form a plan for growth and to put in the energy and effort.

Another, much more serious problem, aspect discouraging an entrepreneur is the ability to attract investors and rise necessary capital for the business. One needs to be serious about entrepreneurship when it comes to working capital. In fact, many companies do not go over the funding phase.

There is no one set of steps that every startup goes through, as the journey of a startup can vary significantly depending on the company's industry, business model, and other factors. However, there are some key steps that many startups go through as they grow and develop. These steps may include:

  1. Idea generation: This is the beginning stage where the founders come up with an idea for a product or service that they believe will be in demand.
  2. Market research: The founders conduct research to determine whether there is a market for their product or service and to gather information about potential customers.
  3. Business plan development: The founders create a written plan that outlines their vision for the company, including its goals, target market, and financial projections.
  4. Funding: The founders may need to secure funding to help pay for the development and launch of their product or service. This can involve seeking investment from venture capitalists, angel investors, or other sources.
  5. Product development: The founders work on designing, building, and testing the product or service.
  6. Launch: The startup officially launches its product or service to the public.
  7. Marketing and sales: The founders work to promote and sell the product or service to potential customers.
  8. Growth and expansion: As the startup grows, the founders may look for opportunities to expand the company and increase its reach.

This is just a general overview of some of the steps that many startups go through. The specific journey of a startup can vary greatly depending on the company's industry, target market, and other factors.

My own entrepreneurship experience can be summed up in these two keywords: ideas and financing.

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