WHO IS AN ENTREPRENEUR ?

Firstly a common and most asked question makes an appearance here who is really an entrepreneur well let me explain to you in a simple way an entrepreneur is a person who is willing to take risks in his/her life, always ready to face any obstructions or hindrance in their path, having a positive mindset who never think of giving up, always eyes on innovation for humankind and how to help people by building useful products for them at an affordable rate. In simple words or if I have to sort it out in a nutshell then I would say an entrepreneur is a person who creates businesses bearing most of the risks and enjoying most of the rewards earned from a tough hustle done in a whole process of development. An entrepreneur is commonly seen as an innovator or an inventor, where society and nations expect something innovative and something new from them which would make their lifestyle more easier and sorted. They are expected to deliver or produce new innovative products or optimization of existing products for making it more handy and accessible for common people. Now some of you may have questions regarding this: what role does an entrepreneur play exactly in a nation-building process or what values do they add? Okay let me explain this in a brief manner

ROLE OF AN ENTREPRENEUR

There are various roles that an entrepreneur plays in order to uplift a nation and add values to its economy and society. Let me specify some of the important roles they play :

1. TO SOLVE PROBLEMS OF MASSES AND COMMONERS

The most important role of an entrepreneur is to solve major problems as well as minor problems of commoners or masses. They are expected to come up with affordable solutions which could make their life a little easier. They are the pioneers of bringing new technologies and systems which ultimately will bring changes to society and this is the most important skill an individual should acquire in order to become a successful entrepreneur. This should be the most important priority of an entrepreneur to solve problems and come up with a cut-above solution prior to the existing one.

2. IT ACCELERATES ECONOMIC GROWTH

Entrepreneurs play an important role in a growing nation's economy where they act as the strong wheels of the economic growth of the country by adding important values to its GDP for developing a nation.
The entrepreneur plays a huge role in stimulating employment which is one of the major issues of a nation by giving them jobs and teaching them social and high-income skills which will further help them grow in their career and which ultimately help accelerate the economy of the country. Entrepreneurs provide a huge number of entry-level jobs which is important to turn unskilled jobholders into skilled one.

3. ENTREPRENEURSHIP PROMOTES INNOVATION

Entrepreneurs are considered an innovator and inventors of new advanced technology-driven systems and products. They help society by bringing new cutting-edge technologies or optimizing existing ones by adding more innovative elements to it. They endeavor to solve complications by introducing affordable products and solutions, educating them, and making them aware of the solution. They improvise on the existing solution and strive to come up with a new solution.

4. ENTREPRENEURS DEVELOPS AND IMPROVE EXISTING BUSINESS MODELS AND ENTERPRISES

When we think of entrepreneurs the first thing that comes in our mind is inventions and innovations and we might think that these prologue of new mechanization might disrupt the existing industries or businesses which are more hand-driven and less technology included and this would impact employment in society, but that’s not totally true entrepreneurs do work on existing small businesses and industries by introducing new systems and more profitable business models which helps small vendors and sellers to generate more revenues and by uplifting their products to the wider market. Since entrepreneurs think differently and out of the box they come up with more innovative ideas and models in order to help and expand existing enterprises and ventures.

5 CHARACTERISTICS OF AN SUCCESSFUL ENTREPRENEUR AND HOW YOU CAN BECOME ONE ?

1.Leadership- This is the most important characteristic an entrepreneur should have or should acquire with time. An entrepreneur should have leadership qualities in order to lead a team under him/her, in order to make a strong team with enriching qualities and skillful employees, and most importantly to develop more leaders, as leaders can be found at all levels of the organization and good leader transfer all the ground level pieces of knowledge one has acquired to its juniors and help them unleash their potential and develop their leadership trait and this what makes an organization strong with a pipeline of leaderships in your company.2.Curiosity or inquisitiveness- A trait or quality which makes successful entrepreneurs different from others is a sense of inquisitiveness and constant learnings he/she obtains in their whole journey of entrepreneurship. An entrepreneur should always be open-minded and think in a wider spectrum where they should be ready to learn new qualities and attributes and responsive to grasp new information and knowledge on a daily basis and that’s what makes him/her more superior to others.3.Risk Tolerance- An entrepreneur is quintessential of a risk taker. Entrepreneurs should always remain ready to take risks in his/her career, ready to hustle and face every obstruction or hassle in their path. Successful entrepreneurs never hesitate to take risks and they are comfortable facing them at any level to reap the rewards of their efforts. One who aspires to become an entrepreneur in his/her life should always be fearless and ready to face deterrents and can tolerate risks with a positive mindset.4. Team building or perfect hiring- A successful entrepreneur is always aware of their company’s strengths and weaknesses. Rather than sitting and thinking of the shortcomings and drawbacks holding them back, they build a strong team where skilled employees can work together effectively and clear all the drawbacks of an organization. So it’s very important to hire a competent one for your organization.5. Building perfect plans and blueprint for the company’s future- An entrepreneur should always be ready with constructive plans, proper blueprints, and business strategies for the future. Successful entrepreneur always experiments with their operations and business models in order to get the best results. They always focus on structured experimentation and try to accomplish impossible tasks.

AT LAST, THE MOST IMPORTANT QUESTION ARISES HOW YOU CAN BECOME AN SUCCESSFUL ENTREPRENEUR ?

The answer is anybody can become an entrepreneur at any point in their life, irrespective of their age, degree or their profession, etc. All you need is1. Sheer determination (where you are determined on a specific goal or a business idea). Choose the right business for you that you are interested in and passionate about.2. Focus - You should be focused on your goal irrespective of whatever the situation is or what mental state you are in, never think of giving up.3. You should have a proper blueprint and revenue model for your business.4.Willing to take risks- Never ever back off from taking risks. Always remember the one who never takes risks in their life they never progress in their career. So always experiment in whatever niche you are working in.
5.Know how to sell your product. There is a saying popular among leaders and entrepreneurs that the person sitting in the topmost position of an organization must be the best salesman in the company.