Who is an entrepreneur?

The word ‘entrepreneur’ is often interchangeably used with terms like businessperson, merchant, or anyone who is holding the ownership and authority of an organisation. But it’s not merely about buying and selling of goods and services or generating profit. Entrepreneurship is far beyond that.

An entrepreneur is an individual who creates, manages, and scales a business by taking calculated risks and being innovative.

Entrepreneurs are visionaries and innovators; they are hard workers and risk-takers. They are willing to put in long hours and sacrifice personal comforts to pursue their dreams. They are also not afraid to fail, and they are committed to continuous improvement and lifelong learning.

Above all of these qualities the primary purpose of an entrepreneur is not profit making but rather to solve a problem and make this world a better place.

Here are some key characteristics of entrepreneurs:

• Vision: Entrepreneurs have a clear vision for their businesses and what they want to achieve. They are able to see the big picture and develop strategies to reach their goals.

• Problem-solving: They are problem solvers and are better equipped to handle any challenge that comes the way.

• Innovation: Entrepreneurs are always looking for new and better ways to do things and to solve the problems in hand.

• Risk taking: Entrepreneurs are not afraid of taking calculated risks and making bold decisions because eventually these are the steps that makes them achieve their goals.

• Perseverance: Entrepreneurs are resilient and able to bounce back from setbacks and failures. Since the entrepreneurial journey is not always about success, they learn from their mistakes and keep moving forward.

• Passion: Entrepreneurs are passionate about their businesses and the products or services they offer. This passion drives them to work hard and overcome challenges.

• Hard-working: Entrepreneurs are willing to put in the long hours and efforts required to build a successful business.

If you have the business idea, you are passionate about, via which you are can serve the society and ready to put in the hard work and dedication, then you could be an entrepreneur too. But remember, entrepreneurship is not 9-5 but 9-9 job. It demands a lot of perseverance and patience.

If you are thinking about becoming an entrepreneur, it is important to assess your own strengths and weaknesses. Consider which of the qualities listed above you have and which areas you may need to develop.

With hard work, dedication, and the right qualities, you can achieve your entrepreneurial dreams.