There might not be a day that passes by in the modern world without some subtle reminder of certain business realities.
One of such realities is the terminology, entrepreneurship.
Which describes the ‘capacity and willingness to develop, organize and manage a business venture along with any of its risks it comes with. Leaving entrepreneurs as the humans who practise this kind of businesses.
The word ‘entrepreneurship’ was hardly in use before the 1920’s. Borrowing its stem word structure from the French word, entreprendre meaning to do or undertake something.
However, the practise and explosion of the practice of entrepreneurship seem to begin blooming in the 20th century. This bloom would consequently explode by the 21st century. Unfortunately, the business practice is overrated.
What the banality of entrepreneurship causes is the creation of unrealistic expectations. For instance, while some entrepreneurs promote the success that comes with their businesses, they fail to correctly outline the steps. And the groundwork involved in building a business is no joke.
Of course, it may not be surprising to come across devastated entrepreneurs when business turns sour. Not only might time have been wasted, but resources too.
Another noteworthy fact individuals neglect is that entrepreneurship isn’t for everyone. Forget sensational motivational messages, owning and managing a business requires a special kind of toughness. And while for some, this trait might be inborn, tough lessons school others. But not everyone.
Therefore, instead of beating one’s self up over being an entrepreneur, the most important question must be:
‘why am I getting into this?’
Chances are, your answer might determine how ready you are to run a business.