Entrepreneurship. Entrepreneur. These are two hot keywords in our modern society, and yet, very little is understood or known about being an entrepreneur. We all know it has something to do with business, but what kind of business and how it is applied is something mysterious to most people. Luckily, some colleges and universities decided society had been kept in the dark long enough about what an entrepreneur is and decided to start offering courses in Entrepreneurship. Thus, a clearer understanding of an entrepreneur education was born. However, the lessons taught are not easy to learn because, little did we know, the topic is all about business. As such, some people find it difficult to learn and even more difficult to write a paper about. Don’t worry, help is always here. You don’t have to ask a classmate, “Who can pay to write my essay?” when you attend an entrepreneurship class or seminar because you are struggling to write one yourself. First, as a student, you need to understand the importance of an Entrepreneur Education. There are several facts that a potential entrepreneur should consider.
Fact 1: An Interest in Business and Business Ventures is a Must
Entrepreneurship is all about going into a successful business. Before one can call himself an entrepreneur, one must first have an interest in business. More importantly, this person needs to be running a small-scale business that has yet to hit the big time. It is from this small business interest that the company can proceed to grow. The person involved in the business needs to have a keen interest in business though. A born entrepreneur doesn’t give up on the business at the first sign of trouble. The interest needs to go beyond just making money. This is a vocation; it is not something that can be taught in schools like Business Administration.
Fact 2: The Entrepreneurial Mindset
An entrepreneurial mindset is what sets apart an entrepreneur from an ordinary business person. A typical business person thinks inside the box and is educated to take calculated risks when getting into a business. An entrepreneur is someone who will see a niche open in a certain market, consider the benefits of serving that field, then go into it after some simple market research. A businessman overthinks things. An entrepreneur just considers the pros and cons then makes a calculated decision based upon a small-scale undertaking. An entrepreneur, after all, is the backbone of the small to medium scale economy. The risks they take are smaller than their big-time business counterparts.
Fact 3: Business People are Different from Entrepreneurs
To a certain extent, business people deal with large-scale investments that require partners and strategic business locations to set up. The business model is planned in a manner that resembles a war room. There is no room for error and adjustment. The entrepreneurs are people who invest personal funds into a business, hire locally, source locally, and form a community-supported business. That is where the main difference between the two lies.
Fact 4: This the Reason Entrepreneurship Cannot be Taught at Universities
Partially, entrepreneurship is something that cannot easily be taught in schools because the most successful participants in this field built their fortunes on a gut feeling, on a theory that they have a business idea that can work. These are the high school students who built their first app and sold it to a big corporation. This is that child who turned a lemonade stand into a community juice shop for local students. This is the mother who needed to help grow her family income by baking goods in her family kitchen. Entrepreneurs are people who worked hard without having any clue what they were doing. They just knew it would work. These are the gut feelings and outside-the-box thinking methods that do not apply to a business school. That makes it hard to get an entrepreneur education at a university or college.
Fact 5: Entrepreneurs are Divergent Thinkers
Divergent in the sense that they see an opportunity to immediately make a difference and a small profit when their counterparts would be running numerous market research plans, execution and engagement plans, and other similar red tape documentation. Entrepreneurs just want to get the job done right and fast. If that makes them divergent thinkers, then it is a blessing for them.
Fact 6: Entrepreneurs Start Young
Business-minded high school students more often than not turn out to be the future entrepreneurs of their class. They don’t mind trying anything and everything to make money. These are the young people who have an innate ability to learn from their mistakes early on in life. They go through their lives with those life lessons, and they improve upon it as they progress with their small to medium scale enterprises.
The one thing that budding entrepreneurs need to understand is that unlike Business Management, Entrepreneurship is not a cookie cutter course, It is not a one-size-fits-all experience because of the sheer small size of the undertakings. Therefore, there is no right or wrong way to be an entrepreneur. It isn’t something that can be taught in class because each experience is relevant only to the person who experienced it.
Entrepreneurship is the face of 21st-century business. It is a concept of doing business that eliminates most of the difficulties of starting a large-scale business when a person has only small-scale abilities. It is a community employer that helps to build the economy of small towns. Can someone get rich this way? It won’t make a person crazy rich, but it will help keep finances balanced for those just starting out. This is, as mentioned earlier, more of a vocation that is slanted towards supporting those that need it the most.
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