Can Entrepreneurship be Taught or is it Inherent?
What is Entrepreneurship?
By definition, Entrepreneurship means setting up of a business unit and seeking profits while undertaking risks. Logically anyone who is willing to take risks after making some investment can be a businessman. Successful or not, is absolutely a different side of the story.
There are some skills which have always been debated to be inherent in a person’s nature like leadership, communication skills, confidence etc. Entrepreneurship is also one such debatable issue.
“It’s not magic, it’s not mysterious, and it has nothing to do with genes. It’s a discipline, and like any discipline, it can be learned.” Peter Drucker.
I believe there’s definitely room to develop yourself as an entrepreneur and one of the best ways to move your entrepreneurship learning forward is to observe the entrepreneurs around you.
Regardless of where you stand, the demand for entrepreneurial skills development and education has continued to be on the rise over the last 30 years.
we’re seeing evidence suggesting that entrepreneurship can be learned, and have identified three core skills and aptitudes that make a successful entrepreneur – persistence, ability to evaluate risk, and adaptability.
Running a business is hard, but many of the mistakes which cause nine out of ten startups to go bust can be avoided with the right business training.
One of the biggest myths about starting-up is that all entrepreneurs must be either autodidacts or natural born geniuses with a brilliant idea. This false perception that you need to be a natural to succeed
Learning to be an effective entrepreneur is like mastering any new skill. You learn best by doing, and you must be willing to put things into practice with consistency and focus.
If you feel you have the vision characteristics, you still could benefit from some of the key learnable skills that can improve the success and impact of every entrepreneur and entrepreneurship journey.
Hone Your Leadership Skills
First of all, a leader is that particular person of the team who always takes initiative, works the hardest, believes in his vision, and inspires the rest of the team to prosper to greatness and success.
Make the decision based on what you know and believe at that specific time. Strive to show your team that you are in control in all situations, so they’ll keep their cool. Also, keep in mind that it’s always the leader’s job to take risks.
All in all, it’s mostly the leader who can create the perfect work environment for his team to thrive. With no further ado, let’s see how you can become a true leader.The following examples of leadership skills encapsulate outcomes that will help you become the most effective leader you can be.
- BE PASSIONATE
- EARN YOUR TRUST AND RESPECT
- BECOME AN EXCELLENT COMMUNICATOR
- UNDERSTAND YOUR STRENGTHS AND USE THEM
- SET CONCRETE GOALS AND EXECUTE THEM
- FIND YOUR HIGHER PURPOSE
- INSPIRE OTHERS
- ADMIT WHEN YOU FAIL AND MOVE ON
The Art Of Being Persistent
Building a successful business is a bit like climbing a mountain: it’s an uphill battle most of the way, but the view from the top is pretty spectacular.
Persistence is a necessary part of achieving a summit, and it’s also vital to creating your success as an entrepreneur.
In any discussion of the attributes of successful people, persistence is always mentioned, often as the, or one of the, most important factors in success.
Major success seldom comes easily or without a great deal of effort.
Often the only difference between those who succeed and those who don’t is the ability to keep going long after the rest have dropped out.
Getting comfortable with persistence takes practice, and you can start to do this by taking micro actions that are easier to commit to.
Here are some of the things that persistent people have in common that keeps them going long after most people have given up:
- AN ALL-CONSUMING VISION
- A BURNING DESIRE
- INNER CONFIDENCE
- ABILITY TO ADJUST AND ADAPT
- COMMITMENT TO LIFELONG LEARNING
Is MBA Futile?
If you’re considering enrolling in an MBA program to strengthen your entrepreneurial knowledge base and skill set, examine these factors:
1) An MBA gives you an easy road to a corporate career. The accounting and finance you learn are applicable to most companies with profits, stable cash flows, fixed costs, accurate forecasting, etc.
Start-ups often only have a few of these qualities — if they’re lucky. So if you’re looking for a stable business, you might be not be suited for a start-up.
2) An MBA can saddle you with debt. That makes taking a risk, like a start-up, much scarier.
An MBA and its attendant debt can also limit the amount of times you’re able to “fail” and “pivot” with your start-up. You can’t default on this debt.
3) An MBA allows you to raise money, earns people’s trust, learn strategy and acquire rigorous critical-thinking skills.
It’s a matter of choice you have to exercise.
If you feel you have the business knack, all you need to do is get a bit of polishing done with a few courses and degrees, and you are sure to make a big entrepreneur.
You just need to be passionate about leading people and making it big.
HI,I’M GANESH .I Write Unique and Research Driven Content about Business,Career,Startup,Marketing,and More..