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If you believe that anything is possible and think of an idea that you want to work on then it shall be achieved.
Entrepreneurship is a learned skill, not a natural-born ability. It takes immense dedication, discipline, and hard
work to become a successful entrepreneur. It involves creating unique business ideas followed by launching and
running a new venture.
• Every Business Idea Needs to be Unique or Special: It is not always a
new idea that makes you an entrepreneur. You can take an existing idea
and make your own business out of it. Only it needs a potential idea
and a proper execution to become reality.
• Only a Person having a Big Business is an Entrepreneur: Entrepreneurs
are individuals who identify opportunities, take risks and innovate to
bring new products, services or solutions to the market. This can happen
in business of any size. Many successful entrepreneurs start with small
business and gradually scale up.
• A Lot of Money is Required to Start any Business: The amount of money you invest in a business varies
depending on the type of business. If you are selling an idea, then no investment is required. Somewhere you need
very little money to begin and survive in a business. Depending on how much money you have or can borrow, you can
start a business with that much money. Once you make more money, you can put that into your business to
make it bigger.
Entrepreneurship as a Career Option
Every entrepreneur has a different reason to start their own business. Some
were sure from the beginning that they wanted to be self-employed and
work for themselves. Others after working for fixed hours and fixed salaries
as wage employed decided to shift to entrepreneurship. After getting the
awareness of the two career choices, it is important to understand, how
taking the route of entrepreneurship benefits an individual.
A career is a line of work that a person takes for life. A person who becomes
an entrepreneur goes through a career process. This process is as follows:
• Enter: It means implementing an idea by starting a business and entering a new market. For example, Amit is
starting a small stationery store in his locality.
• Survive: It means to remain in the competitive market in between other entrepreneurs dealing with the same
business. For example, there are many other stationery stores in the area. Despite this, Amit is surviving the
competition and doing well. He even bought the next-door shop and expanded his small store to a big fancy
stationery outlet.
• Grow: It means after attaining a reputation and stability, an entrepreneur plans to expand the existing business.
For example, after a few years, Amit has opened a chain of three more stationery stores in the same city. He even
plans to expand it to other neighboring cities as a new brand.
Some of the job opportunities for entrepreneurship are:
• Business consultants • New venture developers
• Fundraisers and money providers • Freelancers in different fields
• Market manager • Start or own a business
• Franchise operators • Research and development executives
• Educationist • Financial advisors
• Web developers • System analysts
Entrepreneurial Skills-II 109

