What is an Entrepreneur?
Traditionally, the term refers to a person who has a business idea and is willing to take a risk to implement that idea, taking the role of the leader of the company or organization and assuming full responsibility for its execution, success, or failure. A more modern interpretation of the term usually associates entrepreneurship with innovative ideas and conjures up ideas of creativity and inventiveness. The term usually refers to someone working in the business and entrepreneurship industry and will be in charge of the entire business, including all employees and will oversee all departments or aspects of the business.
The idea for Sokanu came from my grade 12 year in high school. Around the time that everyone was applying to university, I became really curious as to why people were making the decisions that they did. It turned out that a large majority of my class ended up taking very similar degrees at the same university, all for the wrong reasons. I realized that most people make career decisions not based off of internal drivings or intuition, but rather based off bias from other people. We are influenced through peers, parents, teachers and guidance counselors. Each of these parties has their own unique perspective on the world, and smashed together - this is how most people interpret their life. Is this wrong? No - but very often it is not right for optimizing for a career meant for YOU. Sokanu was born out of that thought. It was originally a thought about connecting like-minded individuals on their path to success, but I quickly realized (through the help of others) that this was extremely limiting, and didn't solve the problem at all. My mom (also my co-founder) helped guide the direction of the company towards helping people find what they were meant to do on this planet - and building an entire system optimized for them. This is now the central premise behind Sokanu. Sokanu is a place to find your passion in life. Our mission is to connect every single person with the career that they are meant to be in. We care about three things very deeply: 1. Helping people understand a lot more about themselves 2. Helping people understand a lot more about careers 3. Matching people to their next step in life Most people are born to do something amazing, whether they realize it or not. Our purpose is to help people find what that something amazing is.
It's hard. Really hard. For all the talk about long hours, or 'hustling', or having to do a lot of work you're not used to, the hardest thing about being an entrepreneur, whatever that might mean to you, is the mental weight of uncertainty. Maybe some people were born with infinite confidence in what they do, but I wager most, especially those with an entrepreneurial streak do not. A lifetime of grading and corporate reviews have left most of us with an idea that there is a clear "path" in life that we can be evaluated against. Being an entrepreneur means abandoning that, and with it, having to deal with ongoing uncertainty about whether what you're doing is right. That's the bad part. The worst part, really. What's good? You get to build something. That is exciting. Really exciting.
It´s about not waiting to somebody's offer, it's about how you can be useful for society offering the best of your qualities. No matter the sector, only what you want to do, what you know to do.
i enjoy working as entrepreneur, being my own boss has lots of advantages, but yes few disadvantages as well. i wanted to create wealth faster which wasn't possible with job in corporate. best part of my work is i change my self for better everyday and learn everyday for new experiences , i socialize and i party hard and work harder.
What does an Entrepreneur do?
There are various types. The most common one is recognized in the business world as having an idea and putting it into action. It will usually refer to a business idea and is usually a new or different idea, something that has not been seen before, or something that provides a new twist on an existing sector. A social entrepreneur is someone who has innovative ideas for social change, or new solutions to social problems and dedicates their time to these ideas. This might include addressing issues of inequality or poverty, or creating a new charity to address such issues. A serial entrepreneur refers to someone who has a lot of ideas and constantly starts up new companies or enterprises to implement these ideas. Generally a serial entrepreneur will have achieved good success or successes with previous ventures, allowing him/her to start up new ventures. A lifestyle entrepreneur refers to someone who starts up their idea or venture based on something they are passionate about - such as a sporting venture relating to their favourite sport. For this type of venture, usually large start-up costs are required and often people who have been successful in the business world might make this transition to get involved in something they are highly passionate about.
What does it take to be an Entrepreneur?
Skills and attributes required include:
- Good business acumen
- Creative and original ideas and the ability to implement them
- Constantly reading, learning and networking
- Hard work and relentless determination
- Passion and Dedication
To be successful, it is important to have experience and knowledge relating to how a successful business is run. This should include industry-specific knowledge, relating to the relevant industry and also covering the broader industry of business and entrepreneurship. Experience working in a business is highly desirable as this will provide a good foundation upon which to build the idea and the business. A clear business plan with goals and targets will help to direct the idea into action and careful consideration of costs and understanding of profits and business accounting will be beneficial. Any kind of business background will help to create a successful venture, but in the case of an outstanding idea and no business experience, employing close advisors, with the relevant experience, who can guide the idea in the right direction will help make it successful.
There is no specific qualification that makes someone an entrepreneur. Often it is the personal attributes that enable the person to be successful rather than their specific experience in the business world. A good idea and a well-executed plan are often all that is required to create a successful venture.
What is the workplace of an Entrepreneur like?
Generally the workplace will be office-based, but it may vary. The size of the workplace will depend on the size of the venture and may start in a small office and grow to a large corporation. For some ventures, the workplace will be dependent on the specific idea or industry, for example a sporting venture may require a sports facility and this would serve as the workplace. The workplace will be dependent on the venture or idea itself and will have to be carefully designed to fulfil all the requirements of the business.
How much does an Entrepreneur earn?
A successful entrepreneur will usually serve as a CEO or President of the company, or at the very least serve on the company's board. The salary will depend on the success of the company. A successful company would generally pay a CEO a six-figure sum, perhaps in the high end of this bracket if the company is especially successful. As founder of the company, a percentage of the profit may supplement the salary in the form of a bonus and again this would depend on the success of the company. In some instances while the company is being set up and developed, there may be no money to take out of it, or just a very small salary, so the salary is very much dependent on the size of the company, the success of the venture and the overall aim of the enterprise.
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