What is Entrepreneurship?

We explain what a venture is and what are the characteristics of an entrepreneur. Advantages and benefits.

  1. What is Entrepreneurship?

Entrepreneurship  comes from the French ‘entrepreneur’, which means pioneer , and refers etymologically to the ability of a person to make an additional effort to achieve a goal, although currently its use is limited to refer to the person who starts a new company or project.

person who faces the challenge of a new venture or business must have a positive attitude and a great determination to face challenges and difficulties.

Many professionals decide to start their own project in order to achieve economic stability . Even many governments or economic entities have set out to help these entrepreneurs with the intention of giving a boost to the economy .

On many occasions a family business helps the family to meet their basic life needs or improve it significantly. Many times it is the only option in the face of an economic crisis.

In addition, a venture gives independence. A person who has his own business does not depend on bosses or schedules since he works in a particular way.

  1. Characteristics of an entrepreneurial person

Entrepreneurship - creativity
An entrepreneur is innovative, creative and persevering. 
  • Innovative.  First, an entrepreneur is innovative, since he must create a project from new and original ideas.
  • Creative.  It must also be creative , since an uninteresting idea may not generate optimal results.
  • Ability to take risks.  On the other hand, it must be able to take risks and overcome the challenges that the development of a project can generate.
  • Persistent.  Perseverance is a quality that will be found in every entrepreneur , since in many cases (perhaps in most), profits do not come in the first months, but rather after the start of the venture.
  • Flexibility and adaptability.  Faced with these difficulties, an entrepreneur must be flexible to change and always focused on growing. Sometimes it is possible to modify certain aspects of entrepreneurship in order to improve and obtain better results.

It is difficult to explain the way in which successful ventures are carried forward. It is clear that the idea should not be rushed, and those who are locked up to think for hours and hours a perfect idea do not succeed , but those who choose to live their lives like all other people, to experience the same needs as others and thus find, within that path, the idea to develop.

Marketing studies can provide data of interest to an entrepreneur, even copying a successful idea from another can generate some revenue, but surely it will be for a short period of time : the real results reach people who in addition to the idea ‘, meets a series of conditions: predisposition to effort, creativity, drive and dynamism .

In many cases, economic situations in countries make access to employment difficult in relation to dependency. In such circumstances, those with an entrepreneurial spirit can work on their own and generate their own businesses. Naturally it is a very difficult decision, whoever makes it knows that he is giving up the stability that a salary grants . In any case, there are many who adopt the risk, either because of the ambition of the benefits it can bring in the future or because of a strict need for unemployment.

Many countries have organized entities dedicated exclusively to promoting small enterprises, since these have an important value in the economy, especially when considering that the demand for work tends to grow at a much higher rate than supply .

The possibility that an employee (and much more an unemployed person) becomes an entrepreneur , whether from a rather small project, is an important way out of these crisis situations . The culture of entrepreneurship is quite positive for different societies.

It is known as agorism at the end of this way of thinking, which proposes to reach an anarchist society under the assumptions of capitalism : this way of thinking puts entrepreneurs at the highest link in society (differentiating them from statist capitalists and non-capitalists -statters) for their willingness to act and innovate , and putting them as the only sector truly harmed by the State .

The social entrepreneurs are not necessarily innovating with commercial projects , with a rather objective referred pointing to the welfare of the whole society.

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