Entrepreneurship

Entrepreneurship

To create a business is to be part of an ecosystem. Entrepreneurship is you don’t do it alone. The company is part of a dynamic environment, often wealthy, sometimes hostile, but essential to its survival. The business manager must become aware of the importance of the network and the relationship to fit this environment best.

Five Tips For Consolidating Your Entrepreneurial Spirit

  • Broaden your horizon (think wide)
  • Make the best of your business plan
  • Discover and cultivate your competitive advantages,
  • Increase your involvement by choosing an idea that matches who you are.
  • Define what success means to you.

The four pillars of the entrepreneurial spirit: the character of the entrepreneur An entrepreneur is a person who creates a project from a vision and resources in his possession. If each entrepreneur is different because of his history, experiences, values, and vision, they all have the same state of mind: the entrepreneurial spirit. Why is it so important, and what can be done? How is this state of mind characterized? Who can adopt and cultivate this mindset?

Entrepreneurial spirit

The key to a successful entrepreneurial adventure When we think of entrepreneurship in the USA, we too often think of “startup.” What is a startup? Unfortunately, for many entrepreneurs, this term usually means the following:

  • I have a decided undertaking, yet I need an enormous heap of cash to make it. I will subsequently search for resources from:”
  • Banks (and therefore get into debt)
  • Investors (and therefore gradually lose control of the capital and therefore of my company)
  • Crowdfunding (but in the end it doesn’t work that easily)

This money will allow me to develop the box for three years and to hold out because I will lose a lot of money (I will not have any customers during this launch phase). After five years, I will have managed to reach the critical size to sell it and make a nice profit (if I manage to survive by then). “

The problem with this vision is that the entrepreneur does not control the process: he relies on external resources to build a project, to the detriment of the available resources. From my extended research and my personal experience, I realized that successful entrepreneurial adventures were based mainly on the internal resources of entrepreneurs (their soft skills) and, in particular, four essential pillars:

  • Vision
  • Motivation
  • Resilience
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The vision pillar

The basis of entrepreneurship is the pillar that allows you to set a clear goal and guide your choices and actions towards this goal. This vision also will enable you to be creative and find new ways of innovating. The entrepreneur’s dream is based in part on his intuition and intention.

This vision pillar is a real muscle that can be trained and developed. Think of those visionary entrepreneurs who exercised their minds just to succeed in visualizing beyond what was visible in their market. Your customers may know what they want, but may not be aware of their real needs. It is up to the entrepreneur to be visionary enough to understand his client’s requirements fully; the entrepreneur is a specialist in conditions.

The Motivation pillar

The very essence of action you’ve probably noticed it, but entrepreneurs are generally very motivated people. Even if they face big problems or challenges, they still have the enthusiasm and energy to move forward. It is this motivation that enables them to act.

Motivation is a real fuel for action: by understanding the meaning of what we are doing and the objective’s interest to be achieved, even if the task is painful, we will achieve it. Conversely, when you are not motivated, it becomes much more difficult to act.

The entrepreneur, being a person of actions, must at all costs maintain his motivation. The good news is that basis is also a soft skill, a muscle that trains through reflexes and exercises.

The Resilience pillar

keep moving forward despite the difficulties, Are you an entrepreneur? I’m sure you spend more time dealing with contingencies and problems than creating business plans! Hence the importance of working on your resilience: your ability to “take” a problem and bounce back. An entrepreneur knows how to adapt, and that is what makes his strength.

Here again, just like vision and motivation, resilience is a soft skill that develops with will and time.

The Connection pillar

Entrepreneurship is knowing how to surround yourself to better advance. I am convinced that co-creating (making synergies) is much more powerful than creating alone. Alone we speed up, and together we go further. One of the reflexes of entrepreneurs is always to see what connections they can create, either for their project or to help others.

An entrepreneur is a connector; he connects people who will positively impact him and his business. Through his ability to communicate, systemic thinking, and empathy, he will create synergies. This pillar is also a skill that is developing and which is indispensable for entrepreneurs.

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