Being an Entrepreneur is the new Phenomenal influence around the Globeby Jimmy O. Blogger
As the new generation starts taking over the world there is one field that they go towards which is being an entrepreneur. So, the reason for this is because you are your boss in this field in most circumstances. So the basic meaning of entrepreneurship is pretty simple and straightforward, it is someone who starts up a business and takes financial risks in hopes of getting more profit but at the same time could also be exposed to a loss which could possibly make that person start all over again. As we know today's youth are born to play life in the riskiest way possible.
In past, you might have seen people well settled investing in stock markets. But as time goes on students attending university have started investing in stock markets with their little bit of saving and as usual some gain profit and some students start back from the front of the line. As the global pandemic started into this year many businesses closed and went in major losses but at the same time there where many entrepreneurs that started up small businesses and are running them successfully.
We can take many examples of entrepreneurship one of the major one could be Bill Gates who is a very well-known entrepreneur and is also well known because of Microsoft and other activities. It's not necessary that it is always based on large companies or businesses, as I said earlier many small entrepreneurs have also come up with innovative business techniques during this pandemic to proof that even a single person can do wonders in this field.
Pros and Cons of Entrepreneurial Journey
Entrepreneurship is all about risk-taking the more risks you take the more profit you avail but it all comes to the timing. The more patient you are as an entrepreneur the more fruitful will be the outcome and all that comes through experience which today’s youth lack. So here is the thing to be an entrepreneur you need to have a back knowledge about the business you are going to establish without any knowledge you will be lost in the darkness which will cause panic and gradually make you lose your way.
Every second person nowadays is an entrepreneur, but they do not know to run entrepreneurship successfully its better to be patient and calm. Nobody becomes a billionaire in days or in months everything takes time and through that time keep gaining experience regarding decision making and risk-taking which is the main flaw which takes you towards distress.
Entrepreneurialism is basically an investment of time and money too but mostly time, the more time you invest in your decisions and your business the more are the chances of higher profits and success rates. The major reason people think about starting up entrepreneurship is to become bosses of themselves which usually end up like a toxic thought because most likely you would end up with a self-created ego that would eventually make you lose your goal. Its always better to keep learning from experienced entrepreneurs so you could establish yourself in such a way that you could cover up every point which may lead you to a potential failure.
Created on Oct 13th 2020 14:08. Viewed 90 times.