Tell about Entrepreneurship ?

hi

DescriptionEntrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.

What does entrepreneurship mean to you?

To me, entrepreneurship means being able to take action and having the courage to commit and persevere through all of the challenges and failures. It is a struggle that an entrepreneur is willing to battle.

It is using past experiences and intelligence to make smart decisions.

What is meant by the dark side of entrepreneurship?

A good entrepreneur is not one who always get it right, but he is one who knows how to make all the mistakes as quickly as possible. ... Hence, the way to know that is to know the dark side of entrepreneurship.

Contributed by BL. “Fear is the path to the dark side. Fear leads to anger.

What are the characteristics of entrepreneurship?

Develop these nine qualities of an entrepreneur to help set yourself apart from the average worker.
Motivation. Hard-working business owners are incredibly motivated to succeed. ...
Creativity. ...
Persuasiveness. ...
Vision. ...
Versatility. ...
Risk tolerance. ...
Flexibility. ...
Decisiveness.

Motivation
Hard-working business owners are incredibly motivated to succeed. Adopting this mindset—and being able to demonstrate your motivation to an employer—is crucial, says Karen Litzinger, a career coach in Pittsburgh. “You need to bring enthusiasm to everything you do at your job,” Litzinger says.

Creativity
No matter what industry you’re in, employers want workers with out-of-the-box ideas, Litzinger says. “They want employees to be able to not only carry out assignments, but also come up with better ways of doing things,” she says.

Persuasiveness
Persuasiveness can make you a better negotiator, which gives you an edge when going after a plum assignment, raise, or promotion, says career coach Phyllis Mufson.

“There are times when you are going to need to convince a client, a co-worker, or your boss to take certain actions, so you need to be persuasive” when presenting your ideas, Litzinger says.

Vision
Successful entrepreneurs always keep one eye on the big picture, and this ability can make you a better employee. “Vision is about strategic planning,” Litzinger says.

Can you see what direction the industry is going? Can you identify challenges for your company? Can you tackle your day-to-day job responsibilities, while staying focused on long-term goals and initiatives?

Versatility
You have to be able to adapt to changes in the workforce. “You may be hired for a specific set of skills, but it’s important to be able to shift as needed,” Litzinger says.

You want to be someone that your boss can go to in a pinch, so be prepared to tackle work that’s outside your job description. It’s also important to be an early adopter of new technology and keep your skills current, Litzinger says.

Risk tolerance
“Every employer wants to grow their business, which often involves risk and change,” says Litzinger. Translation: Don’t be afraid to take risks when pursuing new clients, for example, or testing a new product. (One caveat: Make sure you have your boss’ buy-in before taking a risk.)

Flexibility
Like an entrepreneur, you have to be able to adapt to change and solve problems as they arise, Mufson says. A good team player can shift their priorities to help out whenever the team needs assistance. Thus, flexibility means being receptive to other people’s needs, opinions, and ideas and being open-minded to feedback from your manager.

Decisiveness
Do you exercise sound judgment under pressure? When you’re an entrepreneur, you don’t have room to procrastinate—and the same is true for employees. “You have to be able to take action when needed,” Litzinger explains. You must know how to prioritize tasks and make decisions quickly. (It helps to be organized.)

Collaboration
Savvy entrepreneurs are not only brilliant leaders, but also great collaborators, Plutz says, so you have to be an effective team player. Unsurprising, 78% of hiring managers seek job candidates who demonstrate strong teamwork skills, according to the National Association of Colleges and Employers Job Outlook 2017 survey.

Ultimately, using entrepreneurial skills at work entails adjusting to other people’s work styles, avoiding office politics, celebrating your peers’ successes, meeting your deadlines, and putting your company’s goals first.

What is Entrepreneurship?

Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit.