Entrepreneurship - Introduction
Hello everyone, I like to write as an entrepreneurship on
this topic. Because I would like to learn and know something about this topic. Just
like I like to live a life as an entrepreneur. For this purpose, I researched
entrepreneurship. So I will write my post here after my research. First of all,
I would like to give an introduction to entrepreneurship. When a person is
called by an entrepreneur, it is not a professional name. Likewise,
entrepreneurship is not a professional name like doctor, teacher, engineer,
etc. After my research, I have come to the conclusion that entrepreneurship is
a feeling like love, happy, sad, angry, etc.
Entrepreneurship is not for a specific group of people.
Anyone can be an entrepreneur, such as teachers, doctors, engineers,
politicians, etc. In this world today it becomes very popular and many people
want to become entrepreneurs. In addition, many companies today train their
employees to become entrepreneurs while they work in their company. In my view,
entrepreneurs are the world changers; they are a change of life. From Elon musk
sending people to mars to Bilgates and Steve Jobs making computers part of
every household, entrepreneurs imagine the world differently. The more modern
entrepreneurship definition is also about transforming the world by solving big
problems. Like initiating social change, creating an innovative product or
presenting new life changing solution.
Jean- Baptiste Say, a French economist who first coined the word entrepreneur in about 1800, said, “The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield”. An entrepreneur is a person who sets up a business with the aim to make profit. However, entrepreneurs see possibilities and solutions where the average person only sees annoyances and problems. Whether Startup entrepreneurs solve a problem that many struggle with every day, bring people together in a way no one has had before, or build something revolutionary that drives society forward, they all have one thing in common: action. Entrepreneurs take the idea and implement it. Entrepreneurship is about implementing ideas.
Some lessons to entrepreneurs:
(I got this from ALON BRAIN's article & He is ENTREPRENEUR LEADERSHIP NETWORK CONTRIBUTOR)
1. Sensing
The journey starts when the entrepreneur, immersed in the world sensing their surroundings, is visited by inspiration and feels an urge to make a change. This call prompts a step away from everyday life, whatever the form of inspiration.
2. Expressing
Articulating this idea, expressing it, so it can be shared and understood by others takes a certain amount of dedication and even courage, particularly if the entrepreneur is operating in an environment in which individualism and personal growth are not prized.
3. Reorienting
Those who have decided to proceed to the otherworld — the external world of the collective and teamwork — face their first initiation: crossing the threshold from the second phase to the third to present their idea to a group of peers such as investors, programmers and engineers. It is here that the entrepreneur must partner up with these collaborators, and they all need to reorient themselves to work together harmoniously and embark on the adventure of collaborative work and building the product.
4. Planning
Now the team must come to a decision as to what exactly they are going to build and bring to market and how they are going to achieve that. They must draw up the best plan together: There are many considerations (market forces and the nature of the competition) to take into account, and the task can be much tougher than they expect, especially if delays and internal conflict hinder progress. The entrepreneur might be tempted to abandon their internal call and initial purpose and proceed to build a product that does not resonate with their needs.
5. Developing
With their plan in hand, the team now starts to execute and actually create a system in the physical world, developing this system in the form of a service or product. There are threats to overcome — dragons to be slain — at this stage: tight budgets, unexpected setbacks, quality maintenance and compliance with legislation. Many iterations might be needed at this stage to emerge triumphant. But if you get through this stage, you’ll have passed the point of no return. In theory, there is always an option to pull back, but you may, as in the hero's journey, find that you have gone too far to be able to abandon the quest and must see it through.
6. Function
The prize as we move into the next stage is a product or system that is proven, through vigorous testing and experimentation, to function — an offering robust enough to fulfill the expectations, and indeed the aspirations, of those who use it.
7. Engage
It’s time to take your product to market, and there you will need to engage with potential users to make them aware that your offering can solve their problem — or even a problem they weren’t aware they had. (Bear in mind that the entrepreneur might still be pursued by guardians from the other world, in the form of revised regulation, for example, which might require a retreat to an earlier stage.) Developing your networks is a worthwhile activity, giving you far greater access to information, expertise and maybe even partnership. You will have a much better chance of success if you surround yourself with the right people from the beginning, such as marketers who will actively want to partner with you.
8. Feedback
Finally, the entrepreneur will begin to receive feedback from the users — some positive, confirming that they have made the right decisions; some critical, signaling the need for improvement. As in a video game where you pass to the next level, the journey begins again, this time with new challenges, but with the benefit of hindsight.
10 Minute Entrepreneur - Lessons from Experience
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