Entrepreneurship: How to become an Entrepreneur in fast and easy way
Are you willing to open a new small business? so first you need to know more about Entrepreneurship.
What is Entrepreneurship?
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labour, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace.
Why shall I be an entrepreneur?
Entrepreneurship isn’t for everyone, but if you do have the bug to experience freedom and still generate income, entrepreneurship can lead to an amazing life. You get to set your own schedule, you get to call the shots and answer to yourself.
Each of us spends 40-plus hours of our week in some form of work. That time could be spent doing something you love or doing something that makes you miserable and affects all other areas of your life. Here are Four reasons why you should consider spending those hours on something that’s yours.
1- Control your destiny
When you work from 9-to-5 you’re at the mercy of your boss and the company you work for. They can decide to hire or fire you, they decide how you spend your eight hours every day and what happens in those eight hours affects you beyond that time.
You have little control and in exchange, they give you a pay check. The problem is today’s economy. Gone are the days of working at a company for years and retiring with a pension. These days’ entrepreneurship is the new pension plan. Your income is too important to leave in the hands of someone else.
2. Control your time
Life is short and time is the one thing we’ll never get back. This makes time one of your most valuable resources and you should treat it accordingly. Entrepreneurship gives you the ability to balance your time between work and family.
3. Financial Freedom
At a job, your earning potential is set by the job or a contract a union negotiated. You can get raises and promotions, but those are the exception, not the rule. Your earning potential is capped no matter how long you stay at that job.
To be fair, you could earn nothing at your business, but those who jump into entrepreneurship are self-motivated to build a profitable business to reach the financial freedom state.
4. Location independence
The beauty of having your own business is the ability to create something that supports you no matter where you are in the world. There are more than 2.5 billion people online daily, which means you could have an unlimited customer base and build a location-independent, online business.
No longer do you have to be tied down to any one location. You can have freedom to be where you want. This is great because different environments can foster innovation and creativity. Last year I got to travel to 12 countries all over the world and still made money. You just can’t beat that.