Entrepreneur: “ An entrepreneur is an individual who, , runs a small business and assumes all the risks and rewards of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. “
Entrepreneur Vs Investor:
1. An entrepreneur focuses on a new business idea, while an investor may focus on existing business idea
2. An entrepreneur, when starting a business, expect many things (both quantitative and qualitative), while an investor, when investing his or her money on a business, expects more on the ROI (return on investment).
3. Entrepreneurs could start entrepreneurship even without money, while money is a necessity for investors to start investing.
How to be an entrepreneur
Stage 1: idea
Stage 2: pre-startup
Most important stage because you start to write your plan “A goal without a plan is just a wish “
Stage 3: startup official starting and applying your plan
Entrepreneur’s skill:
Attitude, creativity, organization and relationships were the 4 key points that make a successful entrepreneur:
1- Attitude : Having a positive attitude will get you a long way even when sometimes things are not going the way you’d like them be confident in your idea believe in yourself
2-creativity: well think of it as solving a problem
3-Relationship: having good relationship with your customers & employees is essential of success be willing to talk to everyone and listen for what they have to say
4-organization: good organization skills is essential, you will need to understand how to raise finance, manage your money and business hierarchy
Why entrepreneur?
Entrepreneur benefits:
• Legacy: What will be your life’s legacy? According to SUCCESS magazine your legacy is, “something you create during your life solely to benefit future generations…” Here it not only means money for the future, But also the opportunities which we left for the future by creating new Business.
• Impact the lives of many: Yes it is not only for you, But also for the Benefit of many people who is seeking for the survival with plenty of Talents & potential. We actually lead & guide a community for their Financial Benefits.
• Business as an investment: Consider your small business as an investment. Entrepreneurs not only reap the financial rewards of building a profitable company but they also gain tremendous insights into the most important investment of all — one’s self. An investment by nature, is putting something on the line. Entrepreneurs take a risk on themselves because they know “they’re worth it!”
