Many of us when being asked “what you want to do in life?” will likely to give an answer such as open up a business, be my own boss, or run a startup. Or in other words, many people are aspired to be an entrepreneur. Unfortunately, not everyone is cut out for being a business person. Why is that so?
Let see the definition of true entrepreneur first,
According to Business Dictionary, entrepreneur is “someone who exercise initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of good or service will be produced.” They should have the willingness to take risks in order to control and monitor business activities. Good entrepreneurs are also not simply motivated by profit, but regard it as standard for measuring achievement or success.
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Ben Lamm, co-founder and CEO of Hypergiant, defines entrepreneur as a fearless individual. They are less driven by some moral authority or economic reward and more by paralysing fear of failure and fear of missed opportunity. This is their mantra of happiness and mantra to continue to rinse and repeat venture life-cycle. Thus, they are not dare to be different because they are already different.
Then, why only the chosen one?
Autumn Adeigbo, founder and CEO of women’s wear brand, agreed to Lamm that entrepreneur is different from everyone. “They are different from communities and the rest of population,” she said. Entrepreneur might feel right for one person, yet it does not mean that it is a good fit for another person. It is thought of entrepreneurships which people find the most intriguing.
Oftentimes, becoming an entrepreneur takes a lot of skill set and many characteristics in an individual makeup which not many people can fulfil. They are keen to build their business from scratch and grow it to reach the peak. Amy Duncan, founder at Meowllens, commented that sometimes it is because creating and executing a plan or idea from stretch is incredibly challenging. Not only must you turn up your drive and persistence, but this ambition should be balanced with a strong sense of self awareness and patience. And yet – you should be able to create a repetitive cycle between learning, creating, executing, failing, and succeeding all over again till you achieve your goals. Moreover, after succeeding in reaching certain goals, you should have further plans of what to do with the business. Thus, it is about giving a lot of efforts and sacrifices knowing that obstacles are only road bumps and lessons learnt.
Yet, can real entrepreneurship be taught?
There are already many arguments to this question. Some said that entrepreneur are born with giften skill, while some others said they can be taught. Keri Damen, program leader, intrapreneur, and instructor at MaRS, argued that albeit a real entrepreneur must be born with necessary drive such as visionary, hard-working, and failure embracement, you can still learn how to be one. Whether it is a formal or informal education, entrepreneurship can be taught. The purpose of formal education is to provide mentorship, peers, books, and methodologies from expert. While, informal education is to show you how real world of entrepreneur is. “I would argue that even entrepreneurs-to-be who are learning on their own are educated by learning from other’s knowledge and experiences, via formal and informal mentorship, peer support, and readily available resources and information,” added Damen.
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