Creating miracles and making dreams is no longer a fictional matter, but it has become a systematic concept with a practical plan which is based on methodological foundations so that the light can be finally seen. This brings us to the answer of the following question: “ What is entrepreneurship ?
Many of us may mistake understanding the title of our current article, and the concept of leadership may be also confused with the concept of management. So, we have to answer the following question: ” What is entrepreneurship ?”
Entrepreneurship is fundamentally different from business management in which the latter means that there is an existing project that needs to be managed either for resources, staff, and financial affairs. Therefore, business management is a bureaucratic issue that needs a different discipline than entrepreneurship.
In this article, we will deepen the explanation of the concept, so that it does not remain unknown and mixed with other concepts.
What is entrepreneurship?
It means an integrated process through which a new project is created. The process starts from launching the general idea of the project until its implementation. In other words, entrepreneurship is the process of creating a business based on innovation with sound administrative foundations, and this is done through the entrepreneur’s consciousness of the financial risks fraught with the process.
We conclude from the two previous definitions that the entrepreneur is a person who can undertake the implementation of a new development and endure the risks which are associated with this development. Often, the character of the entrepreneur is to be; a creative individual with providing ideas outside the box, and an intelligent person to the extent that he can solve any dilemma he experiences along with clinging to hope until the success of the project.
What are the qualities that an entrepreneur should have?
The entrepreneur has many advantages that ultimately make him financially independent, and this is the main goal of the entrepreneurship process. To illustrate, the entrepreneurship ultimately tends to the target creating special financial independence without the need to work for companies as an employee or worker.
One of the most crucial characteristics of an entrepreneur is that he is persistent, and he does not give up from the first time and from the first fail. Entrepreneurship means that an idea can be created and implemented under the sponsorship of many companies.
Furthermore, the entrepreneur is a creative person, and while it is not enough for him to find a traditional idea and implement it, he would add his own touch so that the project becomes exceptional and different from other projects with the same idea.
In conclusion, we have learned in this article about the concept of entrepreneurship. Stay tuned for upcoming articles to explain more about investment and entrepreneurship with its several components.
