Entrepreneurship In A Nutshell by Hasan Waheed
Entrepreneurship. It’s not the easiest word on the tongue. I know I’ve had a problem saying it on a number of occasions. I even spell it wrong every now and then (Thank God for auto correct!). But I’m going to attempt something even more difficult here and that is explaining entrepreneurship in a nutshell for you. While there is no one set in stone definition of what entrepreneurship is there are quite a few available in textbooks and the internet that go on to accurately describe the phenomenon. WikipediA defines entrepreneurship as “the process of designing, launching and running a new business, which is often initially a small business.” It then goes on to provide a broader definition as well and lays out the various aspects and elements of entrepreneurial activity like risk and profit.
But before I give you the Oxford dictionary definition of entrepreneurship as well, this is not where I want to go with this piece. Definitions and descriptions are available everywhere and they will provide you a decent enough explanation of entrepreneurship. But I want to go further than that. I want to give you the essence of what entrepreneurship really is at its core rather than a run of the mill explanation. To me entrepreneurship is a leap of faith. Simply put in layman terms, it is getting out of your comfort zone. It is blazing a new and different path. It is going where no man or woman has gone before. By its nature entrepreneurship is dynamic can be extremely rewarding both monetarily and personally. But it is also a risky beast. And while planning, strategizing, budgeting and forecasting are essential tools in being better prepared for any external or internal eventuality they only go so far.
Entrepreneurship is an adventure and so the true entrepreneur has to have a brave and adventurous soul. You can do all the planning and strategizing in the world but when the going gets tough and the entrepreneur starts to wilt under pressure instead of forging ahead with renewed zeal then the whole enterprise starts to crumble. So then ask yourself now, do you have what it takes to be a true entrepreneur? Do you have the fire in the belly? Do you have the right skill set or critically the right mindset for entrepreneurship? Will you demonstrate and practice leadership? Are you willing to keep learning? Are you brave enough to meet the challenges and overcome the obstacles along the way? Are you willing to put in the hard work required for success? Do you promise yourself not to give up half way? If the answer to the above questions is yes then you are already half way there in realizing your entrepreneurial dreams. Good luck!