What Is Entrepreneurship Program And Why Is It Important?

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An entrepreneur is a doer. Not a dreamer. Entrepreneurship is a word that has been creating a buzz for quite some time now. We may have different views and opinions about who an entrepreneur is, what entrepreneurship is all about?

In simple terms, an entrepreneur is someone who designs, develops and launches a new business and the entire process is defined as entrepreneurship.

Don’t let such a simple definition fool you! It is not an easy job to become an entrepreneur.

The willingness to take risks and forego profits, at least in the initial stages, are some key characteristics that are essential to the task of being an entrepreneur.

Many start-ups fail due to lack of proper planning and decision making along with the necessary funding which is needed in case of emergencies. (A start-up is a term for a newly launched small time business)

Why do we need entrepreneurship program in the first place?

Suppose you might have the idea for creating a new product or service, say creating new designs of cool t-shirts and selling them online.

But you don’t have the necessary skill set to establish your business and want to know more about how to accomplish the entire process of launching and developing your business. Here is where entrepreneurship program comes into the picture.

Sounds interesting right? Now let us delve into what these programs aim to achieve. (6th is the best)

1. Develop traits of entrepreneurship

Honing the skills required to succeed as an entrepreneur such as motivation, desire, and risk taking. Preparing oneself for the tough challenges ahead is vital and an entrepreneur needs to take tough calls and be fine with running the business in an environment of uncertainty. Learning these skills are invaluable to anyone desiring to be an entrepreneur.

2. Setting objectives

Having a clear target to aim for is always good and these programs teach that to budding entrepreneurs. They have the liberty to set their objectives and revisit them.

3. Understand the business environment

For the business to flourish, there needs to be a clear understanding of the industry that we are entering, without which the prospects of success might be low. 

4. Learning the necessary proposals and procedures

One needs to properly get accustomed to the desired procedures to be followed and regulations to be maintained to form a business. Learning how to formulate the proposals for the product or service being delivered is another objective of these programs.

5. Acquiring managerial skills

One cannot possibly hope to sustain the business for a long without managing the day to day activities of the firm. With limited manpower at one’s disposal, one needs to know how to extract work to maximize the output.

6. Inculcate a sense of passion

Almost all entrepreneurs are immensely passionate about their ideas. An important part of any entrepreneurship program is to develop a sense of pride, passion, and integrity towards not only the ideas but also the people and all the tangibles and intangibles in their business.

After all, when the efforts of a whole bunch of people take shape, it ends up becoming a business.

These things might look so basic but these are important to lead the entrepreneurship journey. Ask any entrepreneur , she/he will tell you the significance of having a proper guide.

“Entrepreneurship is living a few years of your life like most people won’t so that you can spend the rest of your life like most people can’t”.

So, what are you waiting for? Just do it 😛

LOOKING FOR workshops on Entrepreneurship? PLEASE FEEL FREE TO WRITE US [email protected] / SIMPLY CALL US AT 95.5511.5533.

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