What is Entrepreneurship?
An entrepreneur is a person who is willing to start a business risking his wealth for the purpose of make money. Basically, entrepreneurship is the way which an entrepreneur follows. There are four blocks of entrepreneurship. Block one is marketing. Marketing means how you make the connection with the customer. In order to make the connections, the explanation and the appearance mean most. The second block in entrepreneurship is planning. You need to get a clear idea about the organization and then set goals and a clear completion. Third is the business plan. This involves goals, setting a vision, budget, outlook and the overview. And block four is the business. This means searching of the entrepreneur’s main intention of the business, the products and services, the price, the people, the production. So in the entrepreneurship, the entrepreneur should consider all these blocks before he gets into the correct path.
Today with social and economic growing worldwide, billions of people are connected by the idea that it is possible to do business on a human scale. That it is possible to make money and do something good to the community. This idea is called as social entrepreneurship. Social entrepreneurship is a new and creative approach to business, social engagement, and social services. Social entrepreneurship is also a good way for civil society organization. The one to reduce the dependency of donor systems and engrain greater financial and operational freedom. Starting a social entrepreneurship is a challenge for all those who profit, is not the only goal. Who wants a job that makes sense and has a purpose social entrepreneurship path is the best choice.
There are seven key entrepreneurial skills for business success. The first is interpersonal skills. This is about dealing and treating people in a good and a professional manner. The second key skill is the self-confidence. Confidence develops your vital skills and makes you an expert. Financial skill is the third key entrepreneurial skill. Business is all about handling dollars and bills. You should know the financial environment of your business which makes you get into a higher position in the field. The fourth is the technical skill. Without the technical skill of your business and the position, your business is more likely to go to a different path. In order to perform the best of your ability in spite of all technical skill is essential for the business success. Fifth entrepreneurial skill is the communication skill. A good communication among the customer and inside the business will lead you to a better position. It will reduce errors and mistakes because of the level of high understanding. Sixth is marketing skills. Entrepreneurship is all about handling a business and making money. To make money you have to market your products and services. You should develop special and tricky marketing skills which attract the customers to you. Seventh and the final entrepreneurial skill is the technological skill. We are heading toward a technological world and everything depends on technology. The more you have this skill the more you head towards. This saves your time and your business matches with the future.
There are so many advantages of entrepreneurship. The excitement, originality, competition, salary potentials, independence, flexibility are some of them. And to be an entrepreneur he or she should have special management skills, high achievement ability, decision-making skill and self-motivation ability. These can be recognized as the nature and development of entrepreneurship. In order to develop the entrepreneurship, you should follow the entrepreneurial skills for business success and the blocks of entrepreneurship development which were mentioned above.
Organizations who want to stay in a better position than they are today always use the corporate entrepreneurship in the part of their system. This corporate entrepreneurship helps to complete and provides the ability and the surroundings for it. Corporate entrepreneurship basically means cooperating with assets of your business. This involves all the employees and resources. The bond between inside and outside the business environment and the correct corporation will lead to the perfect path. Corporate entrepreneurship allows the individual to build the inside of the business and the infrastructure and lead to the business success.
The Essential Guide to Entrepreneurship by Guy Kawasaki
Entrepreneurship with Purpose by Tony Gaskins
Entrepreneurship: Start a Business in 8 Steps
MBA in Entrepreneurship: How to Start a Profitable Business
Entrepreneurship: How To Start Your Own Business – FAQ & A
Entrepreneurship 101: Start & Grow a Business from Scratch
Entrepreneurs How to Pick the Right Startup Business in 2016