ENTREPRENEURSHIP - An earning skill for career

Entrepreneurs occupy a central position in a market economy as well as in world economy.

Entrepreneurship is focused on developing knowledge, skills, and understanding of how an innovative and creative idea, product, or process can be used to form a new and successful business or to help an existing firm to grow and expand......For this purpose government also welcomes entrepreneurs to start their business.

Benefits of being an entrepreneur-

* You are the boss

* Your workplace can vary

* You set your own schedule

* You believe in what you do

* Excitement

* Your becomes a business leader

* You get a platform to initiate your ideas

Entrepreneurship is our most important driver, kicking off a virtuous cycle driving the Indian economy......Businesses creation drives value addition: Businesses create products and services that add a lot of economic value. They solve problems for businesses or consumers, and the activities they engage in add value. 

Here are the characteristics that set successful entrepreneurs apart-

* Not afraid to take Risks.....

* Product and Market knowledge.....

* Adaptable and Flexible....

* Strong money Management...

* The Right Connections.....

* Self-belief, Hard work, and Disciplined Dedication....

* Effective Planning (Not over-planning) skills....

It is the entrepreneurs who serve as the spark plug in the economy’s engine, activating and stimulating all economic activity.....Because it’s entrepreneurial energy, creativity and motivation that trigger the production, management and sale of new products and services.

Entrepreneurship can give you these benefits-

·       Each new day is a challenge and full of concentration.

·       The sense of pride and fulfilment in accomplishing things

·       The freedom to pursue your own vision

·       The control and flexibility you have over your own time

·       The opportunity to learn and gain knowledge

·       The highs and lows of self employment

·       Business owner reaps the full rewards

·       The chance to share your feelings

Some economists identify entrepreneurship as a factor of production because it can increase the productive efficiency of a firm...For example- some economists define an entrepreneurs as someone who utilizes the other factors like land, labour, and capital for profit.

Top 3 skills that every entrepreneur needs-

   Creative thinking-Entrepreneurs are known for thinking outside the box.....
    Leadership-Entrepreneurs often have an evangelistic quality...
    Risk taking-Entrepreneurs often seem more comfortable with risk than other business leaders...

Entrepreneurs start new businesses and take on the risk and rewards of being an owner. This is the ultimate career putting your ideas to work in a competitive economy. Some new ventures generate enormous wealth for the entrepreneurship. However, the job of entrepreneurs is not for everyone.

The following 4 reasons why entrepreneurship capital is important to the economy-

    * Entrepreneurs create new business
    *Entrepreneurs add to national income
    *Entrepreneurs also create social change
    *Community development

Hence Entrepreneurship is an earning skill for career.