How do you know that you are an entrepreneur or have a mind of an Entrepreneur?
Well let me breakdown for you, being an entrepreneur is having the he capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is starting a new businesses.
In economics, entrepreneurship combined with land, labour, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace.
Not all Entrepreneurship is about making a profit, it is also about solving a problem. If you can discover a sore point that a certain group of people are experiencing, you are an entrepreneur. Making a profit out of it would simply just be the results.
The old way of thinking about business presupposes the point of business is to make profits. This is the same as believing that breathing is the purpose of life. Yes, you must breathe to live, just as businesses must make profits. But the purpose of business is usually determined by a passionate entrepreneur chasing a dream to change the world. This kind of entrepreneurship is called Social Entrepreneurship.
Social entrepreneurs seek to transform societies at large, rather than transforming their profit margin, as classic entrepreneurs typically seek to do. Social entrepreneurs use a variety of resources to bring societies into a better state of well-being.
Entrepreneurial quality builds from creativity. Not only do entrepreneurs have an idea that they must implemented, they know how to implement it and are realistic in the vision of implementing it. Drayton says that, “Entrepreneurs have in their heads the vision of how society will be different when their idea is at work, and they can’t stop until that idea is not only at work in one place, but is at work across the whole society.” This manifests through a clear idea of what they believe the future will look like and a drive to make this come true. Besides this, entrepreneurs are not happy with the status quo; they want healthy change.
As a female, I have found that woman make great entrepreneurs in businesses they are passionate about. We are hard workers by nature and emotional beings, so imagine the equation of hard work and passion. That could only bring out something incredible. Being a Game changer doesn’t have to be hard, it’s all about your ideas transforming the accepted rules, processes, strategies and management of business functions. This typically leading a movement of related businesses in the same direction.
Entrepreneurship can be scary because there is no guarantee that the idea or business will work, and the entrepreneur may end up losing money, patience for the first few years. But it can sure be worth it.
I’m not just an entrepreneur but I’m Mompreneur. Yes, there is such! Mompreneur is a new name created to describe a multi-tasking mother who can balance both the stresses of running a home-based business as an entrepreneur, and the time-consuming duties of motherhood at the same time.
We know as females we got a lot going on, but does that limit us from pursuing our great ideas and businesses? Well it doesn’t have to. This simply means we must find creative ways to be efficient as mothers/caregivers and entrepreneurs. This thought gave birth to my new project Default 2 Design. It’s all about a Road-Map to help motivated busy moms and lady bosses find their passion and taking it to new heights.
I love the idea of being able to build a business that will not jeopardise my role as a mom, but that will eventually give me the freedom to create my own schedule.
I never looked at myself as entrepreneur even though I have always had a heart of one. It was until I was aware of this that I took the steps to make sure I was well equipped to make a success of it.
So, my friend, take yourself seriously and everybody else will. Whip out those ideas and implement them, you’ll never know what will happen until you try. You might be sitting on the next best thing. Be that lady-boss that you born to be.
I’ve put together some steps that can help you explore turning your Passion into a Purpose, Profit or Profession.
- Discover your passion.
Your passion is the one thing you enjoy and for which you are naturally wired to excel. There is a big difference between a hobby and a passion, and it is crucial that you differentiate between the two before quitting your day job. For instance, just because you enjoy painting does not necessarily mean you should make it your profession. You might be better at graphic design, which uses some of the same artistic talents as painting. Keep an open mind and explore all your options.
- Determine the demand.
After you have discovered your passion, determine if there is a demand for your skills. Then choose a field to go into. It’s risky to jump into a career with a very low demand, or one with many competitors even though you love it. However, the number of competitors should not be the deal breaker. If you are confident in your skills, it is very possible to establish yourself and compete quite comfortably, if you have a strong marketing strategy.
- Do your research.
Conduct a detailed search on what it would take to launch your career in this field. You may need to acquire specific skills, certification, machinery or equipment. You may even need to hire employees or solicit funding.
- Draw a plan.
Make a detailed plan of the steps you need to take to make your passion a realistic career opportunity. Include what you need to do and how much you need to spend before you launch into your new venture. If possible, always have a back-up plan in case Plan A doesn’t work out in the beginning.
- Become qualified.
To be taken seriously, you must first become a professional. Having a special skill may not be enough to deem you an expert, so acquire the training necessary to become marketable. Take a day, weekend or online course while you’re in your current job, or an internship job if you can afford to. As the saying goes, “The more you learn, the more you will earn.”
- Adopt a Positive Mind-set and join a community
Your road is not always going to be smooth, so plan for hiccups and adjust along the way. Be open to advice and criticism; other people’s insights may open your eyes to something new. No one can succeed alone. That’s why it’s important to surround yourself with talented like-minded individuals that can cheer, help and support you on your new journey.
- Get a Coach or Mentor
Taking advantage of the expertise and knowledge of experienced people and professionals can help bring you up to speed in a short space of time. This will assist with efficient results and better ways to manage your expertise better in your new venture. Coaching and Mentoring will allow you to resolve issues and concerns within the boundaries of a trusted and confidential relationship. This can help reduce frustrations on a personal level and business level.
Turning your passion into a career requires motivation. Be proactive and take a step every day that gets you nearer your goal. The fruits of your labour will eventually pay off and you’ll be well on your way to doing what you love and doing your part to make the World a better place.
Are you sitting with a burning desire to contribute and make this World a better place with your ideas?
Let’s chat on how we can help each other. Even if you don’t have a business idea yet, there are always other opportunities. Reach out to me
A true Entrepreneur is a Doer, not a Dreamer!