Entrepreneurship - Risk Taking!

Published on: November 2011
An entrepreneur is someone who takes risks to create something or finds a better way to do something, someone who identifies opportunities and creates something out of it.

An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take new ideas to the market and make right (intentionally or accidentally) decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.

And this can only be achieved by individuals who have the capacity and the guts to think beyond what is, who can envision what can be.

Most of us would be happy with a secure job, entrepreneurs don't belong to that class. They belong to the class of people who take risks, invest their time on creating new ventures and a lot of them undergo the struggle that a entrepreneur has to undergo in matters of arranging finance, getting the knowhow to set up a start up from the scratch, to face unforeseen challenges which might range from criticism to plain ridicule to having to face stiff competition in the market.
Entrepreneurs have to be multi talented, and one talent they need to possess or develop is quick decision making. Another, is management expertise. With the available resources, they must be able to extract maximum output.

Nothing great could have been achieved in this world if all that everybody wanted was a great safe job. Great corporations like Microsoft, Apple, Ford, Daimler Benz, great financial institutions like JP Morgan, Canara Bank and a host of other world class organizations were a thought in the brains of great men who had a dream and went ahead to turn those dreams into reality.

These men did not let their ideas die, but fought for them, built their dreams and now they are where they stand, tall mighty and proud.
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