Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities (Wikipedia.com).
Entrepreneurship is usually associated with innovation. An entrepreneur is innovative. An entrepreneur has the ability to immediately spot an opportunity from given circumstances.
In starting a business, there are no guarantees. There is no simple way to erase risks associated in doing or starting a business. So, how do you know whether this endeavour is for right for you or not?
First and foremost, you need to do some self-assessment. Learn to know your strengths and weaknesses. What are your strengths that can help propel your idea or your business? What are your weaknesses that will hinder later in your business? Then try to answer the following common questions:
1. Are you a self-starter? Starting a business is usually a one-man operation, from the development of idea to implementation and realization of your business.
2. How will you handle different people with different personalities? As a business owner, you will be exposed to different kind of people with different personalities from suppliers to clients and to financial supporters.
3. How good are you at making decisions? Making decisions can make or break your business.
One has to consider that starting a business is not automatic to attain success. It will go through a lot of processes, a lot of hardships and a lot of trials. One has really need to consider a lot of things before starting a business.
"You don't have to be great to get started, but you have to get started to be great." --Les Brown
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