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U niq ueness
One of the most significant characteristics of an entrepreneur is the ability to be unique in everything he or she does
and ho it is done.
C oncentr ate on L ong - ter m G oals
ong term goals are those that are out of reach in terms of time. An entrepreneur is more concerned ith hat ill be
accomplished in the distant future than hat ill be accomplished in the near future. he individual ill plan and ork
carefully to achieve long term ob ectives.
Need to Exert In uence
he entrepreneur feels that ideas can be revolutionary and e pects them to have a significant impact on the orld. ost
entrepreneurs' ideas have had an impact on the globe, and others have radically changed the face of the planet.
A age employee is someone ho orks for a person or organisation and is compensated for their efforts. An
entrepreneur is a self employed individual ho ants to improve his or her business by taking risks and e perimenting
ith ne ideas.
ntrepreneurship is the act of starting and running a business, as ell as taking risks in order to profit. onsider the
follo ing story
Pooja belonged to a poor family and was born deaf. She started working in the neighbourhood restaurant as
a daily wage worker when she was 11 years old to supplement the family income. She was assigned work in
the kitchen. During her free time in the restaurant, her co-worker used to let her borrow her mobile so that
Pooja could learn sign language by watching videos on the internet. By the time, Pooja was 20 years old, she
was an excellent cook and could communicate easily using sign language. ow, ooja started her own tiffin
service. She would provide home cooked meals to offices nearby. Soon her small business started doing well.
ere are some details you learn from oo a s story
a. he as a age employee hen she orked in her neighbourhood restaurant because she as orking for someone.
b. he started her o n food business. he became an entrepreneur as she risked testing ne ideas.
Identifying Possibilities and Taking Risks
inding the correct business opportunity for a ne entrepreneur is a vital question. hould the ne venture concentrate
on developing a ne product or service hould the venture choose an established product or service from one market
and sell it in another, here it may be unavailable
he follo ing are some methods for prospective entrepreneurs to identify ne business opportunities and assess their
potentials and ha ards.
• Community Concerns: ook for problems that are important to your community. tarting small might have a big
payoff in some cases. Identify inefficiencies, analyse ho an innovation can assist, and eigh the dangers.
• Personal experiences: any significant orld changing ideas emerge from an entrepreneur's life e periences and
obstacles. If you ant to be an entrepreneur, you should listen to and be inspired by the personal e periences of
great entrepreneurs. heir e periences may teach you valuable lessons in entrepreneurship and provide insights
into certain company tactics that you can use to achieve success.
• Discuss ith others: alk to like minded people, get active in social groups, and oin local startup groups to
conduct research ith others. any times, conversing ith others opens up ne avenues of opportunities. It is also
beneficial to master the subtleties of business.
It is all about finding the appropriate opportunity and taking the leap of faith for an entrepreneur. ark uckerberg
had the basic concept of communicating ith his undergraduate pals via the Internet. is simple idea launched a social
revolution , and today, practically all of us are connected via acebook .
84 Touchpad Artificial Intelligence (Ver. 2.0)-XII

