Page 110 - Web_Application_v2.0_C12_Fb
P. 110

  Stand-Up India Scheme — https://www.standupmitra.in/




              Fault in the Business Plan
              Every entrepreneur desires a prosperous business. However, if a person does not develop a plan of action,
              it may result in a stressful environment. Having a plan to achieve the objective assists the individual in
              understanding  one's  position  in  operating  a  successful  business  and  motivates  everyone  involved  to
              work harder.

              Building a Team
              Finding suitable personnel and training them to give their all to the business is a time-consuming and difficult
              task. As an entrepreneur, you must discover people who believe and feel the same way as the rest of your
              team. Work may be done better and faster when new employees fit into the team's culture.

              Personal Barrier

              These are some of the thoughts that an entrepreneur might have before embarking on a company venture:

                                           How long will the organisation be in operation?

                                           How much money will it bring in?
                                           Will my goods be well-liked by my customers?

                                           Will I be able to provide for my family?

              Any new enterprise is risky since there is always the possibility of something going wrong. Also, assembling a
              suitable team is a time-consuming task. A team of reckless and unsuitable employees can harm the company.

              Self-Doubt

              When something goes wrong in a business, it is easy to get discouraged. One begins to doubt oneself and
              may even consider giving up. When we lack confidence in ourselves and our talent, we experience self-
              doubt. Working towards one's goals is one of the finest strategies to deal with self-doubt. When we are
              feeling unmotivated, simply looking at our goals and knowing that the actions we are performing today are
              contributing to our long-term targets might help us feel better. Having relatives and friends who are aware of
              our aspirations and who encourage us when we doubt ourselves is also beneficial.

                4.8 ENTREPRENEURIAL ATTITUDES

              Entrepreneurs think and act differently from wage workers. But how are they distinct? Let's read Rachna's
              story and try to grasp it.

              Rachna is a young woman with a four-year-old son. She attends her cousin’s wedding but throughout the wedding,
              her son keeps troubling her. He runs around the pandal, doesn’t sit still and doesn’t let Rachna eat anything.
              Rachna realises that the young boy is pretty bored. She attends two more family weddings and sees that other
              mothers of young children also face the same problem. She realises a business opportunity in this situation.
              Rachna starts her own kids entertainment company. She provides various swings and fun-filled activities in
              marriages  and  parties  to  keep  young  kids  occupied.  She  finds  it  difficult  at  first  because  she  has  no  prior
              experience running a business or working with a diverse set of people. But that doesn't stop her from working
              hard in the business.

                108   Touchpad Web Applications (Ver. 2.0)-XII
   105   106   107   108   109   110   111   112   113   114   115