Entrepreneurship

“Dream, Dream Dream

Dreams transform into thoughts

And thoughts result in action.”

Late APJ Abdul Kalam

You might have heard aboutDhirubhai Ambani , Ajim Premji , Narayan Murti , Steve Jobs and Mark Zuckerberg . All these renowned businessmen who were once an entrepreneur who took bull by horns and dared to dream once andultimately were able to transform their dreams into actions and now are at the zenith of the world. This is the power of entrepreneurship.

Let the cat out of the bag .Entrepreneur is one of the hot potato in 21^stcentury as it plays an earth shattering role in many aspects whether it is social or economic . Theword entrepreneur derives from a French wordentreprendre which means to undertake. Entrepreneur is an individual who lays the foundation of entrepreneurship which subsequently leads to the formation of an enterprise.Here in this process of entrepreneurship an Entrepreneur is a moderate risk taker who comes out of his/her comfort zone to set up an enterprise. Now let’s read between the lines about the process of entrepreneurship.

The process of entrepreneurship breaks the ice with.
·Self discovery
It is the initial stage when the entrepreneur comes to know about his/her interests , examines the work experience and relates it to potential opportunities .

·Identifying opportunities
Analyzing the market and opportunities looking forneeds , wants and problems that are not ye dealt efficiently.

·Generating andevaluating ideas
Now once when you have identified the opportunities ,the next step is to use your creativity and your past experiences to devise new innovative ways to meet a need and then rise up with your onebest idea.

·Planning
As someone has rightly said“A goal without a plan is just a wish”. So planning initiates with abusiness plan which looks into various economic aspects of business and then the forecast is prepared to look upon the growth of business and at last a feasible reports are prepared to check the feasibility of plans.

·Raising the startup capital .
Now once the planning is done capital is required for launching the product or service . so here comes the role of investors who are keen to invest in potential startups which could be proven beneficial to them in near future .

·Start up
As you have all the basic requirements venture is launched and customer base is developed . marketing and operational will also be carried out subsequently according to the situation.

·Growth
Now once you have good roots in the market and have a good customer base, you further need to work more to ensure the growth of business .

·Harvest
Now the last stage is of harvest in which you can sell the business and move towards new ventures and challenges .

In sum and substance entrepreneurshipis about building a life on your own terms. No bosses. No restricting schedules. And no one holding you back. Entrepreneurs are able to take the first step into making the world a better place, for everyone in it.