Before you can start coming up with an idea that will serve as the foundation for a new business, you first need to understand and appreciate the ten realities which all entrepreneurs face
- Every entrepreneur is an inventor
- Entrepreneurs don’t buy businesses, they create businesses
- Entrepreneurship is incredibly contagious
- The only measure of success of an entrepreneur is growth
- Everyone can be an entrepreneur
- An Entrepreneur is a generalist
- An Entrepreneur Is A Loner
- Impact Is the crave of an entrepreneur
- Taking Calculated Risk
- Always Learning and improving
TEN REALITIES WHICH ALL ENTREPRENEURS MUST FACE
1. EVERY ENTREPRENEUR IS AN INVENTOR
Not that he or she needs to come up with new products from scratch but more in the sense entrepreneurs look at a situation and ask openly “What’s missing in this picture?” or “What can be done better?” The entrepreneur then comes up with the genesis of an idea for a business that will provide the product or service which is required.
2. ENTREPRENEURS DON’T BUY BUSINESSES, THEY CREATE BUSINESSES
Which means rather than using someone else’s systems they create robust and dynamic new companies from the ground up. Business opportunities are for technicians or managers who want to run something for themselves. Entrepreneurs have to work on building something new.
3. ENTREPRENEURSHIP IS INCREDIBLY CONTAGIOUS
Entrepreneurs love to bask in the delight of people who are exposed to their new idea for the first time. They crave the accolades of happy customers and live for the opportunity to build a successful business venture based on their ideas.
4. THE ONLY MEASURE OF SUCCESS AN ENTREPRENEUR USES IS GROWTH
The faster their new business grows, the more successful they feel. To get caught up in a slow or no growth business is something entrepreneurs avoid like the plague. Every entrepreneur wants to create a business that thrives.
5. EVERYONE POSSESS THE ABILITY TO BE AN ENTREPRENEUR
To create a new business on the strength of an original and very tightly focused idea. Not everyone will have the patience it requires to develop the skills required to take a raw idea and turn it into a lucrative business, but everyone could do this if they so choose. Entrepreneurs are made rather than born that way and becoming one is a deliberate choice.
6. AN ENTREPRENEUR IS A GENERALIST
When school is busy breeding forth specialist, an entrepreneur prefer to know all in general. They get to know little about everything even when there’s no need to. To be an entrepreneur, you must be ready to be a generalist – to know and do all.
7. AN ENTREPRENEUR IS A LONER
You heard me right. An entrepreneur doesn’t have time to waste on friends who’ve got nothing to offer. They don’t have time for lame tv shows or games. They absolutely do not have time for booze. They are always alone, working on their dream, thinking on how to climb higher in success. When everyone snores at night in their soft mattress, their light is on. He’s a lone wolf .
8. IMPACT IS THE CRAVE OF AN ENTREPRENEUR
Forget about the financial reward, the ultimate aim of every cutting edge entrepreneur is to make impact. When their impact is felt, nothing feels more good. They are always on the lookout, to know what will light up their customers.
9. TAKING CALCULATED RISK
Everyone thinks that by taking risk makes one an entrepreneur. That’s very lame. When we talk about taking risk, we’re referring to calculated risk.a risk that logical and reasonable. Not an unrealistic scheme.
10. ALWAYS LEARNING AND IMPROVING
Entrepreneurship is a journey cause it’s always evolving. There’s no moment of stagnation. An entrepreneur is always learning and improving. He’s creative and able to go the extra mile in other to climb the next ladder.