How the so-called “Entrepreneurship Bug" can change your life?
Change is inevitable as well as necessary. It gives us a new perception to look at life. One sentence is enough to turn, twist and change your life completely. Entrepreneurship Bug, a rather new and exciting concept is just one of the many things that can change our life entirely. How? You may ask. Here 's why.
1. What is an Entrepreneurship bug?
Starting a business, being the master of your own world, having to take orders from no one but yourself can be such an enticing idea that many get addicted to it. If you are a victim of such an addiction, then it is safe to say that the Entrepreneurship bug has bitten you.
The bug is quite famous and has bitten millions by now. The only
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Be it any creative work, analytical work or financial planning.
• You are no more afraid of working for long hours. You don 't find it annoying or hectic, and rather you enjoy it.
Well, these are some common found symptoms. If you are showing these symptoms, then the entrepreneurship bug has bitten you for sure.
3. Why does it matter?
A bite by the so-called 'Entrepreneurship bug ' is crucial, for it keeps you charged and gives you the much-needed confidence you need to face all the challenges. The addiction is necessary so that you don 't lose the interest or the motivation behind your venture.
Some known 'accidental ' victims of this bite are, Patrick Hull, CEO of Phull Holdings (an investment firm), Vaishali Sinha, founder and CEO of iCharity, Katie Richardson, co-founder of Puj (a Parental website).
All these entrepreneurs became the targets of the Entrepreneurial bug as The Hacker Street reported.
The bite may not be enough to make your startup a well-established company, but it is critical to keep you motivated, as is true in the case of the fore-mentioned entrepreneurs, especially in the time of
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You will need to make a lot of sacrifices, but if you want to bring a change and you are in love with the idea of it, then the sacrifices would be nothing.
Long working hours, sleepless nights, negotiations, endless discussions, failure, hard work, and belief would become some rather familiar words. That 's when the mere bite would help you, but it would take a bit more to make your dream a reality.
5. Finally, how can the 'Entrepreneurship Bug ' change your life?
How can it not? Many have an idea, but only a few of them have the courage to implement it. Only a few have it in them to go ahead and take the risk. So what differentiates one from having an idea and having the courage to implement it?
It is nothing but this bug as The Hindu explains it.
This bug will remind you of your idea, your dream, and your plan to bring a change consistently. Moreover, this bug will force you to take a break from the less risky, well-established and more promising corporate world. This bug will give you the courage of taking a leap of faith and to just do
... I come to the following conclusion: an idea is worth absolutely nothing! What counts is to run it!
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Entrepreneurship has always been an increasingly task but never an impossible one, especially if you have ethical values and the right attitude.
Change is defined as the building blocks that are required for one to achieve a long term goal. It is a powerful force that pushes one out of their comfort zone. Whether it is taken on by a group of people or an individual, change can be for the better or worse, depending on how people perceive it. Change is necessary when the practices of the past no longer work for a society and when altering one’s lifestyle is the only way to fit in with the rest of the world. Changing a big part of one’s life can be uncomfortable for some because the outcomes are always unpredictable.
...world has become extremely fast and full of change. If the leader can’t adapt to changing conditions, it is very possible for his firm to be kicked out of the game. How can the firm change, though? The most effective way is to go through new ideas. Here, it reminders me Welch’s famous saying: "Change before you have to."
I'll start this section with a story I was once told at an entrepreneurship workshop: Ed White was working for Andersen Consulting until 1991 when he was retrenched. His boss said he was redundant. Instead of sitting back and weep, he decided to set up his Ed White & Co, a firm that specialises in IT consultancy for the banking and motor industries. As we speak, his firm's client list includes Mercedes-Benz, VW, and Lloyds TSB. Interestingly, the firm has only 12-full-time employees.
In business, when we approach change, whether it is about cost reduction, merger or supporting a new technology we need to treat it as a seriously disruptive and stressful activity for all involved especially those leading the change.
It's the desire to find out who you really are, why you are doing what you're doing and who do you want to become in this brave new world that makes the real difference. Resistance to change can be transformed into something really great and fulfilling for you. How many times has it happened in your life where you finally surrendered your resistance to change about something and began to embrace it? How many of you have said what a good thing it was that such and such happened, otherwise you would not have gone in your new direction? The French call this process "Un mal pour un bien", or "a bad for a good."
This can be of an advantage if the entrepreneur has some unique ideas that he or she is the best person to get each idea started. On the other hand, it can be a disadvantage if the entrepreneur needs to put time and effort into a company that requires his attention, and moves to a new idea that may or may not succeed (Rivlin, 2007). Serial Entrepreneur A serial entrepreneur is the individual who continuously comes up with new
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
Change is inevitable. It is a common thread throughout our society because it is one of the few things that is constant. It is very important and even desired as it can combat stagnation. Change provides an opportunity for transformation. This transformation can be significant in an environment that has become more and more uncertain.
Entrepreneurship is no more held for those with essential developments and enough boldness to chance their whole reserve funds on an imaginative thought. Maybe, it has turned into the "privilege" for those of us sufficiently blessed to have been thudded into a situation that can manage our entrepreneurial thoughts. Living in a created nation implies we have strong government arrangements, access to capital and innovative framework. Along these lines, beginning a business, generally, is pretty much as practical as seeking after a more customary calling. Business enterprise was considered as a territory of men, yet every year, more ladies set out on the trip to dispatch and lead their own organizations. More important thing is that
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
entrepreneurs have the ability to come up with new ideas in various situations of which one might have never imagined. Entrepreneurs have a curiosity that identifies overlooked niches and they are constantly trying to innovate (Robinson, 2014). They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff.
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.