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The definition of entrepreneurship

 The definition of entrepreneurship When you think of entrepreneurship, you quickly think of being an entrepreneur. Owning and running your own business. That is true in most cases, but it doesn’t have to be.

Read more: Shlomo Rechnitz Official Website – About Shlomo

Index
  • Watch the 1 minute video what entrepreneurship is
  • Entrepreneurship runs on money, but that’s not the point
  • Seeing opportunities, exploiting them and creating value for yourself and others

Entrepreneurship can also be found within an organization. Then it is called internal entrepreneurship. So doing business within a company.

Many people think that entrepreneurship is the same as making money. Because that’s the purpose of business, right? Or not? Watch the short video for the answer.

Entrepreneurship: what every entrepreneur should know and be able to do

Start your own business. Become an entrepreneur. Many people dream of it. Many people have ideas, but don’t take the step. Because they don’t want to give up the security of their current job, for example. Because they don’t know how to start or because they don’t know if they are suitable for it. Whether they can. Too bad, because that doubt is often not necessary at all.

You are not born an entrepreneur. Sure, one is better at it than the other. Sometimes someone just has more talent for it. But good entrepreneurship is not just about talent. No, having the right mindset and having a number of basic skills play just as important a role. Maybe even bigger. And everyone can internalize that way of thinking and develop those useful competencies.

What exactly does entrepreneurship entail?

Entrepreneurship means that you see potential in an idea and know how to translate that into a product or service and then develop, organize and run a company with the plan to make a profit from it. Even if it entails risks. At least, that is entrepreneurship in the classical sense.

Today, being an entrepreneur means more than that. Nowadays entrepreneurs are a kind of do-gooders. People with ideas for the solution of a particular problem. But it is mainly people who do not want to leave those ideas on their bedside table. People who have the guts to do something with those ideas.

Whether it concerns entrepreneurs who try to solve the problems of the everyday man, who know how to bring people together or who really make the world a better place with a revolutionary solution … they all have one thing in common: they take action .

 “It’s not about ideas. It’s about making ideas happen.”

—Scott Belsky

Remember your motivations, stay motivated

You often hear that people become entrepreneurs because they can do what they like. And being your own boss also means that you can go in the direction you want. That you can organize your working week yourself. That you can avoid commuting, if you want to. Flexibility and freedom. And not to forget financial independence. Money is not the most important thing, but it is nice to see your success paid off in a financial sense.

But there’s more. The variety in work, for example. One minute you’re doing the bookkeeping, the next you’re having a conversation with a potential customer and a little later you’re doing what you’re really good at. That gives you new energy. But also the continuous challenge, being creative and constantly developing yourself are reasons why people become entrepreneurs.

It is important to consider why you became an entrepreneur. Or want to be. If you keep that in mind, you can easily remember why you do what you do. So that you stay motivated to go to work when things go wrong. So that you can get through any difficult periods and then enjoy everything that entrepreneurship has to offer.

The mindset you must have

Successful entrepreneurship starts with a vision. With a purpose. And the discipline and ambition to constantly work towards that goal by continuing to develop and improve yourself and your company. By trying new things. Don’t be afraid to make mistakes. Entrepreneurship happens with ups and downs. As long as you learn from your mistakes.

Be confident and convinced of your vision, but also be open to advice and criticism. Because, even though you may not agree or think you know better, you learn from your most critical customers where you can improve yourself. Therefore, always think from your customer’s point of view. Because he or she is the lifeblood of your company. After all, he or she buys your product or chooses your services.

From ordinary entrepreneur to successful businessman

What distinguishes the chaff from the wheat? What are the qualities of a successful entrepreneur? And what are the skills and competencies that you must (learn to) possess in order to successfully grow your business?

Perseverance

As an entrepreneur you must have a good dose of perseverance. There will be setbacks. Doubtless. But don’t be fooled. After rain comes sunshine.

Assess risks (and dare to take them)

Entrepreneurship sometimes involves risks. Uncertain situations. Successful entrepreneurs know how to properly assess those risks and therefore do not see threats, but opportunities. Taking advantage of those opportunities pays off.

Creativity

And by that we don’t mean that you have to be a great writer or that you can create beautiful graphic designs. Creativity has to do with thinking ‘out of the box’. Seeing the uniqueness in ideas and knowing how to exploit exactly that.

Being able to plan well

As your own boss you must be able to work in a planned way. Being able to distinguish the main and side issues, so that you can continue to work goal- and result-oriented. This naturally also includes tight agenda management and keeping a clear financial administration.

Persuasiveness

The definition of entrepreneurship Successful entrepreneurs are masters of persuasion. In selling their product or service and making others enthusiastic about it. By listening carefully, they discover the needs and problems of the customer and respond to them skillfully.

The urge to learn

The definition of entrepreneurship As a freelancer, freelancer or even owner of a large company, you never stop learning. Only by continuously developing and improving yourself and your company can you respond to changes and continue to distinguish yourself. Critical to business success.

Breaking through with your business: growing professionally and personally

The definition of entrepreneurship A good idea and all the competences of a good entrepreneur are not enough. You still have to actually get started with your business. That starts with developing a clear proposition: knowing what your added value is. This is the foundation on which you build your business and the basis on which you get more customers – and with which you can immediately win over those customers.

That market proposition or positioning also forms the starting point of your marketing. And setting up and implementing such an effective (online) marketing strategy is again important to ensure that your stable flow of customers can find your company. As well as networking. Make valuable contacts for later. So you can keep your business running – and growing.

In addition, you keep working on yourself, remember? You have to keep learning to turn your own challenges and limitations into something positive. How to change your own behavior to be more productive and achieve your goals faster. Because that’s how you experience a breakthrough to success.

An entrepreneurship education is the building block for success

The definition of entrepreneurship Good news for starting entrepreneurs and or for the (small) entrepreneur who wants to grow with his company: The Business Success Academy is the only one in the Netherlands that offers a Posho-accredited entrepreneurship course, in which you deal with all those elements. All components form the foundation for business success as an entrepreneur. It consists of practical training and courses that provide you with the tools to build your business. The guidance that enables you to grow in the business field. So that you can enjoy entrepreneurship to the fullest.

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