Entrepreneurship is the process, capacity and willingness to develop, design, organize and run a business with acceptance of any of its risks in order to make it successful and profitable.
Entrepreneurship is the starting of new businesses, which begins with a small business which offers products and services. New individuals or teams look for opportunities to develop new products and services, launch new firms and make profit.
Entrepreneurial spirit is combination of innovation
and risk-taking spirit and decision. It includes the ability to manage and
succeed in ever changing competitive environment and market.
Entrepreneur
Entrepreneur is an individual who is seen as innovator
and designs new ideas for establishing a business. An entrepreneur has
qualities and skills of good management and team building. He has spirit and
skills of risk-taking decisions.
Entrepreneur
vs Businessman
Both Entrepreneur and Businessman develop and run
business expect for doing job for any organization. But there are some
differences between Entrepreneur and Businessman.
Businessman
is
one who develops and run business on a defined and already taken way or idea.
He focuses on competition and has many rivalries. He is purely profit oriented. A businessman doesn’t
usually take risky decision as he is a profit oriented personality. He focuses
on hiring more people to increase productivity.
Entrepreneur
is
one who is known for his innovation and creativity. He doesn’t develop business
on predefined and taken ideas or ways. He creates his own ideas and ways and brings
innovation in society. He doesn’t only focuses on profit and hiring people for
increasing productivity. An Entrepreneur brings productivity in his people or
employees.
Social
Entrepreneurship
Social Entrepreneurship is applying business techniques
to find solutions for social, environmental or cultural problems. There is a
number of social problems of world but and viable solutions are few. So, a
number of people and organizations are trying to do something for society and
nation.
 |
| Matt Flannery |
 |
| Premel Shah |
Matt Flannery is the cofounder and CEO and
Premel Shah is the president of their organization Kiva.org. They are social entrepreneurs and are trying to do
something for social cause.
The mission of their organization is to connect
people through lending for the sake of alleviating poverty.
Qualities
of successful entrepreneur
Steve Jobs, co-founder
and CEO of Apple said “I’m convinced that
about half of what separates the successful entrepreneurs from the
non-successful ones is pure perseverance."
An Entrepreneur is a good role model by being ethical
and honest. An Entrepreneur always tells the truth always and doesn’t manipulate
information. He is always willing to admit his failures. He communicates with
his employees regularly by sharing his personal values.
1.
Fully
determined
Entrepreneurs are always fully determined and focus
on their goals and objectives. They always focus on productivity and
innovation. Beside competitive environment, they are fully convinced on their
work.
2.
Disciplined
Entrepreneurs are focused on their work and
development, and eliminate any distractions to their objectives and goals. Successful
entrepreneurs are disciplined and convinced to take steps and risky decisions
every day toward the achievement of their objectives.
3.
Confidence
Entrepreneurs don’t only focus about the success (whether
they are going to succeed or not). They have full confidence on their
creativity, work and knowledge. They display that confidence in everything they
do. They are not afraid to do new thing.
 |
| Richard Branson |
Richard Branson, founder of the Virgin Group said “Do not be embarrassed by your
failures, learn from them and start again.”
4. Leadership
Entrepreneurs also have qualities of good
leadership. They are good leaders. They always try to increase productivity and
efficiency of their employees and co-workers.
5.
Starts
from themselves
Entrepreneurs realize that everything that is going
to be done, they should start it themselves. They are confident and they don’t wait
for other. They just take decision and do experiments and start that work themselves.
6.
Competitive
Entrepreneurs are much confident and they have
spirit to compete with the market. They realize that we can perform better than
others.
7.
Creativity
Creativity is very important quality of entrepreneurs.
Creating new ideas and making new thing need confidence and spirit.
Entrepreneurs don’t look towards others, they focus on new ideas and techniques
to develop their business.
 |
| Scott Belsky |
Scott Belsky, co-founder of Behance said “It’s not about
ideas. It’s about making ideas happen.”
8.
Professional
and ethical
A successful Entrepreneur is always punctual and is
role model for other employees. Their mind is constantly on their work and they
leave other tensions and personal problems beside their work place.
9.
Passion
Passion is the most important quality of successful
entrepreneurs. Being passionate with work or business mean loving you work.
Passionate entrepreneurs love their work and never get tired of doing work even
though they have to spend extra hours to their work. So, they will have more
confidence and spirit to promote and to create new thing and ideas for their
work and business. A passionate Entrepreneur enjoys his work, he doesn’t focuses
on money and profit.
Mark Zuckerberg, founder of Facebook said “If you just
work on stuff that you like and you’re passionate about, you don’t have to have
a master plan with how things will play out.” 
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