Wednesday, 12 September 2012

what entrepreneurship is all about



        entrepreneurship is all about ideas and innovation, its all about making it happen , there are are many good innovations that never reach their potential market, there are even more ideas that are never realized and many of them are very good . its all about execution and making it happen . in entrepreneurship you would have to think outside the box and be very creative , one must not sit and wait to be employed by the government or any sort of organisation instead learn to be self-employed by creating a job for oneself .
            there are some myths concerning entrepreneurship which are not true;  and one which says entrepreneurs are born and not made which is false however, the recognition of entrepreneurship as a discipline is helping to dispel this myth.
secondly, there is a myth that entrepreneurs are always inventors which is false  although many inventors are entrepreneurs ,numerous entrepreneurs encompass all sorts of innovative activity for example roy kroc did not invent the fast-food franchise , but his innovative ideas made McDonald's the largest fast-food enerprise in the world.
yet another myth is says that all entrepreneurs need is money which is not true despite the fact that a venture needs capital to survive ; it is also that a large number of business failures occur because of a lack of adequate financing . however , money is not the only bulwark against failure , poor investment and poor planning also causes failure . money alone is not what entrepreneurs need.      

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