Page 86 - Artificial Intellegence_v2.0_Class_12
P. 86

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
   81   82   83   84   85   86   87   88   89   90   91