Who is an entrepreneur?

by Madhav Gandhi

3 min readAug 30, 2020
This piece was written for the occasion of World Entrepreneurs’ Day on Aug 21st, 2020.

Any person having the capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of a new business. A thriving aspect of entrepreneurship to any critical thinker can be that the one person who serves life by providing solutions to any big or small problem out there!

Entrepreneurs are the ones who seek solutions to have economic as well as lifestyle progressions.

In the making of an entrepreneur, what skills does one need?

  • Understand the niche of your business.

Be it micro/macro, every niche holds a set of customers with their needs. Now it's upon your mind as an entrepreneur to identify it and deliver the needy with your solutions & create a profitable business.

  • Educate yourself.

When it’s said that to educate yourself, it firmly means to educate your coworkers along with you so as to tackle every difficulty you face. Here, you develop leadership.

Every entrepreneur needs to be a leader first!

  • Risk management.

Recent times of pandemic have let the greatest to the most unprecedented downfall. Many survived, many didn’t! Why so?

Risk anticipation, Risk-taking, and tolerating the failure of risk. This all accounts for Risk management! Understand the importance, if you wish to be undefeated.

  • Fostering a work culture.

With the purpose of creating an evergreen business, you need to think of the future more than the present. This is because history is evident that every brand in the industry for more than 100 years has its own classic work culture that makes the brand stand out! Always foster a work culture that has an outlook of you trying to build a legacy.

Harnessing habits that amplify your potential.

Let’s have a look!

  • Always prefer to read and learn.

Lots of books have a lot of text embracing the experience of the most successful out there. There’s always to learn from the real experiences not merely from theoretical lectures.

  • Hard Work followed by rest.

Health is wealth.

Great hard work is always done by a smart worker who knows when to limit oneself. Limiting doesn’t mean stopping or losing rather having proper mental and physical resting phases. After all, all that hustle has to have a break to bring about the satisfaction and motivation to go on.

  • Money management

It’s your hard-earned money, respect it by managing it in a smarter way. Don’t be wild with it. Try to grow it with investments that will sustain and only prove profitable.

What type of entrepreneur are you?

  • Small business entrepreneur
  • Large company entrepreneur
  • Scalable startup entrepreneur
  • Social entrepreneur
  • Innovative entrepreneur
  • Hustler entrepreneur
  • Imitating entrepreneur
  • Researcher entrepreneur

“The credit belongs to the man who is actually in the arena; whose face is marred with dust and sweat; who strives valiantly, who errs and may fall again and again because there is no effort without error or shortcoming.” — Theodore Roosevelt

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