HOT BLOODED ENTREPRENEURS

Entrepreneurship is an exhilarating journey to embark on that will lead to an autonomous lifestyle inconceivable unimaginable success. Before you sow seeds of entrepreneurship, however, you need to perceive what an entrepreneur is, what it isn’t, and what it takes to become an entrepreneur.

Entrepreneurs are characterized as anyone who takes a risk with the objective of financial profit.
Obviously making money is not the only motivator for entrepreneurs, but the audacity to take risks, usually in the form of financial investments, is the underlying shade of all entrepreneurs.

In the contemporary world of capitalism, owning or running a successful business has become imperative in order to be able to carve a niche for oneself within the highest arrangement of the social gradation. Millions of imprudent aspiring entrepreneurs are drawn, like moths to a flame, to the idea of starting their own startups. Though cosmos of already successful businesses offer stable jobs and luxurious pay packets conjugated with an abundance of other benefits to these hot-blooded young entrepreneurs it seems the enticement of starting a new business entirely from scratch is too great for most of them to oppose. These young entrepreneurs have fresher eyes to innovate but lacks scar tissue that comes with experience. But for every entrepreneur that turns into a success, there are many others who fail. A famous survey poll has found that 50% of startups don’t make it past five years. According to Fortune Magazine, an astonishing 9 out of 10 startup companies will ultimately fail. There could be many reasons behind this like lack of experience, Time commitments, Funding issues etc.

In this modern entrepreneur world, many young entrepreneurs should indulge in side hustle in order to slowly build up their entrepreneurial business, while keeping some security and a regular salary.

A young entrepreneur should possess a few elements which could make them better positioned to succeed

1. Enthusiasm - What actually prerequisite to run a business is enthusiasm. If you have enthusiasm then you can overcome the hurdles which come in a startup.

2. Dream - You need to dream big in order to achieve big.

3. Innovation & Creativity - Creativity is the driving force behind innovation and looking at business ideas from a different perspective.

Author:
Vipul Kant Upadhyay