Recently, I was invited to speak at seminar on
Entrepreneurship. The first thought that came to my mind was, "Entrepreneurship
is an action skill…" Then a series of thoughts flowed, some of which
I would like to share.
Who is an entrepreneur?
An entrepreneur is one who has
- The passion to create
- The will to conquer
- The impulse to fight
- The dream to found a private kingdom
Very simply put, “those who create companies on their own
and become the bosses of the companies”, are entrepreneurs. Passion, rather
than money, fuels the success of an entrepreneurial drive.
However, successful growth requires you to expand on that passion with thought! |
So, what does it take to start your own venture?
- Idea: An idea based on rationality and realism; it is the key concept of the service or product you want to sell in the market.
- Market value of the idea: You must have a basic level of confidence in the fact that the market values your product and is willing to pay for it.
- Team: You must have a team of complementary skill sets - so identify your own strengths, and find people who have different, but complementary strengths. In building a team you have to lead by example, you must walk the talk. You must be someone who is willing to work very hard to achieve those aspirations. Only then will your team trust you implicitly, and only then will they deliver and help achieve the common goals.
- Vision for growth: The entrepreneur must have a vision for growth, and he must articulate his grand vision - an exciting future. The vision must be a story that is compelling, believable, and intrigues and excites the minds of the team members.
- Attitude: A high degree of optimism, perseverance and the ability to put long-term interest ahead of short-term benefit
Can you become an entrepreneur? Yes, you can, provided you
have the essential ingredients enlisted above, and the resilience to
take the rough with the smooth. Entrepreneurship can be the most fulfilling
aspect of your life.
© Sujata Khanna. All rights reserved.
