Entrepreneur is a person who is willing to convert a new ideas into a successful innovation [Paul, 2016]. He/she is able to make an idea salable and it turn creates more job opportunities and adds value to the mankind. Entrepreneur forces creatives destructive across markets and industries by developing new products and business model that make market dynamics and help it grow. Facebook is a latest and popular communication platform and after entering Facebook many other telecommunication channel are expire. So, in simple terms entrepreneurs buy at certain piece and sell at uncertain prices [Wang , 2017]. The one who can make good revenue despite the market being volatile and uncertain is a successful entrepreneur. He/ She takes risk and gets benefits if the venture is successful. An entrepreneur is a person who is daring and whole thrive in uncertainty. So becoming an entrepreneur is most risky job and they might have higher chance to fail then success. In world wide only 10% entrepreneur are only successful. They are Elon Musk, Jeff Bezos, Steve Jobs, and Warren Buffets and successful Nepali entrepreneur are Biswash Dhakal, Amit Agrawal, Pavitra Gautam, Anish Shrestha etc. So in entrepreneurial life has uncertain life and full of risk. Becoming an entrepreneur would mean to own one’s tasks/jobs, organize activities ad manage and run an enterprise assuming the risk of a business. Being an entrepreneur would mean independent and having control over one’s life so an entrepreneur
we are not a mature person. So most of entrepreneur don’t decide to go into business for themselves until later their career. Because every person wants always in safe side so they don’t want to take a full of risk. Few of aspiring person only take a risk and wants to be Jaff Benozes, Bill Gates, Warren buffots [Wasserman, 2008]. They all started their business from small enterprise then finally created a large firm. As an Entrepreneur we learn, acquire, recognize a lot from our ventures;
Experience: To build a great business, one must know the ways vital business components are made. One must understand things like cash flows, profitability, business management, organization and motivation. But youngsters are still learning these things. One needs to have various business experience and skills. Also, knowledge and experience of handling unforeseen challenges like improper government policy, debt, insufficient inventory, etc is also a must.
Network: One of the most important personal skills for entrepreneur is networking. Entrepreneurs need strong connections and networks with peoples who will eventually help them in their entrepreneurial journey. But youngsters don’t have strong networking skills or networks. So, for most peoples, it takes a lot of time to build network, so in order to build their network they have to halt and postpone their entrepreneurial journey.
Capital: Capital is a vital ingredient to start a business and to seize the opportunities when one arises and to start a business, a huge amount of capital/ money is needed. Peoples at a young age might not have this amount of capital to start their entrepreneurial journey and to accumulate the required capital they postpone their venture by working in different jobs[Kurdi, 2017]. During this long period of time, peoples learn to acquire capital and how to properly use them.
Entrepreneur is a person who is willing to convert a new ideas into a successful innovation [Paul, 2016]. He/she is able to make an idea salable and it turn creates more job opportunities and adds value to the mankind. Entrepreneur forces creatives destructive across markets and industries by developing new products and business model that make market dynamics and help it grow. Facebook is a latest and popular communication platform and after entering Facebook many other telecommunication channel are expire. So, in simple terms entrepreneurs buy at certain piece and sell at uncertain prices [Wang , 2017]. The one who can make good revenue despite the market being volatile and uncertain is a successful entrepreneur. He/ She takes risk and gets benefits if the venture is successful. An entrepreneur is a person who is daring and whole thrive in uncertainty. So becoming an entrepreneur is most risky job and they might have higher chance to fail then success. In world wide only 10% entrepreneur are only successful. They are Elon Musk, Jeff Bezos, Steve Jobs, and Warren Buffets and successful Nepali entrepreneur are Biswash Dhakal, Amit Agrawal, Pavitra Gautam, Anish Shrestha etc. So in entrepreneurial life has uncertain life and full of risk. Becoming an entrepreneur would mean to own one’s tasks/jobs, organize activities ad manage and run an enterprise assuming the risk of a business. Being an entrepreneur would mean independent and having control over one’s life so an entrepreneur
we are not a mature person. So most of entrepreneur don’t decide to go into business for themselves until later their career. Because every person wants always in safe side so they don’t want to take a full of risk. Few of aspiring person only take a risk and wants to be Jaff Benozes, Bill Gates, Warren buffots [Wasserman, 2008]. They all started their business from small enterprise then finally created a large firm. As an Entrepreneur we learn, acquire, recognize a lot from our ventures;
Experience: To build a great business, one must know the ways vital business components are made. One must understand things like cash flows, profitability, business management, organization and motivation. But youngsters are still learning these things. One needs to have various business experience and skills. Also, knowledge and experience of handling unforeseen challenges like improper government policy, debt, insufficient inventory, etc is also a must.
Network: One of the most important personal skills for entrepreneur is networking. Entrepreneurs need strong connections and networks with peoples who will eventually help them in their entrepreneurial journey. But youngsters don’t have strong networking skills or networks. So, for most peoples, it takes a lot of time to build network, so in order to build their network they have to halt and postpone their entrepreneurial journey.
Capital: Capital is a vital ingredient to start a business and to seize the opportunities when one arises and to start a business, a huge amount of capital/ money is needed. Peoples at a young age might not have this amount of capital to start their entrepreneurial journey and to accumulate the required capital they postpone their venture by working in different jobs[Kurdi, 2017]. During this long period of time, peoples learn to acquire capital and how to properly use them.
References
Kurdi, S. (2017). 3 TYPES OF CAPITAL EVERY ENTREPRENEUR NEEDS . Retrieved from egyptinnovate:egyptinnovate.com/en/innovation_di...
Paul, B. (2016). Entrepreneurship and small business : start-up, growth and maturity. New York : Palgrave Macmillan.
Wasserman, N. (2008). The Founder’s Dilemma . Retrieved from hbr: hbr.org/2008/02