Everyone talks about starting! Especially when things get complicated. Therefore, it seems at times that entrepreneurship is the only way to survive economic crises or to achieve that much desired “financial freedom” But… is it really so? Today we give a good review of what this means of entrepreneurship. Because although it is mentioned daily, we really have little knowledge of what the term itself implies and, above all, how it can help us succeed.
Let’s see in detail what entrepreneurship consists of
- What is entrepreneurship?
- What does it take to get started in the world of entrepreneurship?
- Is entrepreneurship the same as “social entrepreneurship”?
- Examples of well-known figures with success in their venture
What is entrepreneurship?
Entrepreneurship is the process of starting and completing a business project on your own. In English this term is entrepreneurship and although it can be applied to almost anything such as personal projects, sports or scientific activities or even challenges or games, it is generally reserved for business activities. So when we talk about entrepreneurship in English we usually mean business entrepreneurship in Spanish. Keep in mind that entrepreneurship has as a classic characteristic that it is an activity that you start, or direct, in the first person.
- This means that if you are participating in a new project that someone else directs and for which you have been hired, then you are not really undertaking . At least not in the strict sense of the term. For this reason, when talking about “entrepreneurship” we are talking about projects that you have started, that you direct or that – even though they are a joint effort – are the intellectual fruit of the person who undertakes. Come on, they have to be something yours. You cannot undertake for others.
What does it take to get started in the world of entrepreneurship?
Undertaking is not easy. Let’s drop the obvious right now because it’s important to understand: nothing new is easy. And since entrepreneurship is – by definition and logic – developing something new at the business level on your own, since we are talking about something that is usually quite complex. This means that undertaking is not something suitable for everyone. In fact, it is not recommended at all if you are a person with little patience , who is extremely dependent on routine, or who does not have a very high creative capacity to solve unexpected problems. So, what must you have to undertake? Well, let’s see some key features.
✅ Resilience
The first thing you will need to undertake successfully is resilience. If you are not able to get up a thousand times when you stumble, perhaps starting a business is not the best thing for you. And why is the ability to recover so important in entrepreneurship? Because the reality of doing something new is that surely – come on, the most likely thing in the world – is that you are going to fail multiple times until you learn how to do it. This is the main psychological and mental pitfall of entrepreneurship. Many people think that developing their business idea will be “a piece of cake” and when they first stumble, they get discouraged and throw in the towel.
Undertaking is resisting. And to resist is to fall, get up and keep trying until you get it.✅ Creativity
There is no magic formula to solve problems. But if there is creativity . And this is the key.
Successful entrepreneurs always share this characteristic: they are creative people who look for solutions where others only see problems. Therefore, the ability to find the way and create new solutions to problems is vital. If you are not one of those people who see a sudoku or a puzzle and get excited, perhaps you should rethink this entrepreneurship, because creativity applied to problem solving is essential for successful entrepreneurship .
