The concept of entrepreneurship has always been associated with those who made a strong imprint in the world, influenced their creativity, challenged obstacles, and reached innovations that made an impact in human history, and these people were known to have the ability to face challenges and create unique ideas.
Examples of these:
- Steve Jobs owner of the distinctive Apple trademark .
- Mark Zuckerberg , most famous young entrepreneur and owner of Facebook .
- Bill Gates is the most famous man in the world and the owner of the Microsoft giant.
- Robert Noyce who built the "Intel" brand at the age of forty-one, which later became a symbol in the world of technology.
There are many others who have applied the principles of entrepreneurship, and have provided the world with innovative solutions in all fields that have benefited, and are still benefiting from humanity today.
I was born with a different personality, passionate about adventure and going through practical experiences since childhood. This prompted my father, despite my young age, to ensure that I joined multiple activities, such as student unions, travel, and contact with people with experience and knowledge, to acquire skills and experiences that help me build a working life that is not prevalent in our societies Simple.
In fact, this formed a fundamental difference in creating my personality, and made me keen over the past years to learn more about entrepreneurship to understand the practical foundations on which it is based.
Today, I seek to transfer this experience and knowledge to every person who seeks to make a difference in his working life, and dreams of providing real value to society, and realizing the dream of material wealth.
In this article, I will talk to you about entrepreneurship.
What is Entrepreneurship
In fact, there are many, many definitions of entrepreneurship, each of which deals with an aspect, feature, or characteristic of entrepreneurship.
Here I will lay out a variety of entrepreneurship definitions, through which you can deeply understand the idea:
Entrepreneurship is: a set of processes that start from the ability to find innovative solutions to the problems of a sector of the public, and the ability to start implementing these solutions through the establishment of an institution that attracts cadres with distinguished minds, and the ability to develop and grow continuously through the addition of permanent and continuous improvements.
Entrepreneurship: The initiative to build unique and creative projects, and work to develop them, and exploit all possible opportunities, to achieve material profit from behind it, while bearing the resulting risks.
Entrepreneurship is: the ability to think outside the box and create innovative solutions to existing problems, while possessing the spirit of risk-taking, self-belief, and perseverance to transform dreams into realities.
Entrepreneurship is: a work behind a person who believes in an idea and has a passion for it, and is able to implement this idea in a way that makes the world a better place, and is able to influence those around him and make them believe in his idea, and then attract them to cooperate with him to develop this idea, and he is a person who is constantly hungry about developing his ideas And make adjustments to it to make it more successful and productive.
Entrepreneurship is: a field of work that needs a certain kind of thinking and action, and it needs a mindset capable of seeing life in a different perspective, so that exceptional opportunities can be found by thinking about the problems that people face, and devising solutions that provide value to others and help them improve their lives. On the other hand it offers exceptional profit opportunities.
Entrepreneurship is: the field through which you can jump from scratch to a place no one else imagined, by analyzing the market in an insightful way, arriving at existing needs even if it was not declared, and providing a unique solution to meet this need, which is supposed to be a valuable solution The public can accept it and deal with it, and bear its price. And work is always to develop this solution, and add improvements to it to make it in the best possible way to meet the needs of the public and achieve the highest possible level of profits.
Harvard University has defined "entrepreneurship" as:
"The pursuit of opportunities, without owning or controlling the resources of production."
By analyzing the term (entrepreneurship), we find that it is divided into two parts : -
- The first part: leadership, which means being at the forefront.
- The second part: business, which means carrying out the activities necessary for the success of projects and the achievement of their goals.
Many people may think that entrepreneurship is the product of the twenty-first century, given the tumultuous technological revolution that accompanied this term, but what many do not do is that entrepreneurship is not a term that is new to mankind, but rather that its history goes back to the ancient primitive life since the inception of agriculture since nearly eight hundred A thousand years, and the work that accompanied it at that time related to agricultural machinery, tools for transporting crops, or even methods of storing and transforming them into food products.
Types of entrepreneurship
Profitable Entrepreneurship (Topic of the article)
They are the projects and institutions that their owners create for the sake of realizing financial profit only, by providing services or products, such as Amazon, Microsoft, Intel, and other companies in various different fields.
Social Entrepreneurship: It
refers to organizations, foundations, and community initiatives concerned with contributing to solving community problems and issues, such as civil society institutions and charitable societies. The success of this type of community entrepreneurial project is measured by the extent to which it achieves cultural, social or environmental goals, such as its success in developing the community.
Political entrepreneurship,
and it refers to the institutions that their owners create with a clear political aim, such as establishing a political party to adopt issues in certain political directions, or to adopt a specific political issue, or to consolidate political influence of their owners, and to seek power through these institutions ...
Attributes of entrepreneurship
Entrepreneurial projects are distinguished by some features that distinguish them from traditional business, which make them an independent concept with a special nature. Here we will present a set of characteristics that distinguish entrepreneurial ventures, through which you can understand the nature of entrepreneurship in a deeper and more familiar way.
The most important features of the entrepreneurial projects:
creativity and innovation
Entrepreneurship is based on finding solutions or filling needs in an innovative and creative way. From this standpoint, we cannot call any project (regardless of its size or level of profits) based on the traditional idea that it is an entrepreneurial project. The pilot project must be based on a new and different idea. This of course does not require the invention of the wheel completely, but here we can get an innovative idea by merging two ideas together, or by making fundamental adjustments to an already existing idea, or adding an exceptional feature or feature to an already existing idea.
Imagination is the godfather of creativity and innovation. The ability to imagine is the only way to envision out-of-the-box solutions to the problems and needs of the audience.
The risk
Entrepreneurship contains a great deal of risk. This trait mainly follows on from the previous one, which is innovation and creativity. In fact, people by nature do not like change, and they need a lot of effort to adapt to the changes that surround them, so it is logical to find that there is a difficulty for the public to accept the innovative and creative ideas outside the box.
Based on all this, entrepreneurial projects often contain a very high risk ratio, compared to traditional projects. Of course, this is evident through the statistics that acknowledge that the vast majority of entrepreneurial projects fail in their first year.
Flexibility
Flexibility is the property by which it is possible to change the path when needed, whether it is completely or partially changing the path. In fact, flexibility is a prerequisite in the world of entrepreneurship, because new creative ideas constantly need more adjustments in order to fit reality. There are many entrepreneurial ideas that have succeeded only through modifications and changes that made them fit the real need of the target audience.
Continuous development
This feature is very important in the world of entrepreneurship, and it is the only guarantee for the continued existence of entrepreneurial projects. In fact, no one can deny that the world changes, and as the world changes, the public’s needs, needs, and priorities change. On the other hand, entrepreneurial projects are imitated, and hence competition intensifies, and there are possibilities for competitors to outperform the owner of the entrepreneurial idea.
In fact, the ability to develop and constantly add improvements and developments is the only way to preserve entrepreneurial projects, make them able to withstand challenges, and give them the opportunity to grow and prosper.
Offer value
In fact, we can only call a project a pilot without its ability to provide value to its audience. Yes, making profits is a strong and essential indicator for every entrepreneurial project, but entrepreneurial ventures are basically providing value in exchange for the profits they get. It is not surprising here to find that many people know about entrepreneurship is that it is a way and a way to make the world a better place.
The stages of the pilot project
The pilot project passes through five basic phases:
1- The idea creation stage
It is the process in which an entrepreneurial idea is created or found, whether by finding a completely innovative solution to a problem or need, or by developing an old solution that already exists and restructuring it. In fact, ideas are valuable things, of course, but they remain confined to minds if you do not find someone working to develop them and turn them into reality.
2- The study stage and information gathering
After creating a suitable idea for the project, the role of the study stage comes from all sides, working to collect sufficient information about their counterparts on the ground, studying the target segment, to present the project, its locations, and a lot of important information to build the foundation stone for the pilot project.
3- The treatment and adjustment phase
After creating the idea and studying it well, it is the turn of processing, identifying alternative plans, and making the necessary adjustments to bring it to the best possible shape.
4- The implementation phase
It is the stage in which all the previous components of the pilot project are interconnected and interdependent. In it, the implementation mechanism is chosen, and a trial sample of the project is presented to the market, whether in the form of a service or a product, to know the extent to which the market accepts it.
5- The development stage
After the initial implementation of the idea comes the development stage, which is a continuous stage of work to raise the efficiency of the project and improve the level of customer satisfaction. The project development process is an ongoing process that continues the project, and does not stop until the project stops working permanently.
The importance of entrepreneurship
Human capacity development
The existence of pioneering projects effectively contributes to the creation of human cadres of different thinking, which in turn contribute to the dissemination of science and knowledge, and the education of new generations. It is worth noting that entrepreneurship represents a human arena for creativity, innovation and the emergence of new and creative ideas.
Improving individuals' standard of living
Entrepreneurial projects in the first place contribute greatly to improving the lives of individuals, as they work to find solutions to the problems facing individuals, and help meet the needs of individuals, and work to improve their lives and make them easier and more comfortable.
Raise the level of social and political life
As we mentioned earlier, entrepreneurship does not depend solely on profit-oriented entrepreneurship, and that non-profit entrepreneurship, with its societal and political types, also has a prominent role in developing societies' lives at the political and social level.
Entrepreneurship is a major and powerful driver of nations' economies
In fact, entrepreneurial projects are a powerful force that contributes to the growth and development of countries ’economies.
Conclusion
Entrepreneurship is not a fantasy world, or it is limited to a specific type of people who have exceptional intellectual capabilities. Rather, it is a special model for projects that are distinguished by the fact that they present a new idea. I'm not going to fool you and tell you that everyone can be an entrepreneur, but I want to tell you that those who are capable of becoming entrepreneurs are more than you think, and you are probably one of them.
If you have a crazy idea, or even have the ability to look at things at a different angle, and are always trying to solve your problems in a different way than what is common, then maybe entrepreneurship is the path you are destined to take.
Do not forget to share the topic with your friends in order for the benefit to prevail.
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