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The Anatomy of An Entrepreneur: Your 1st Must-Have Thoughts

entrepreneur

An entrepreneur is a starter, a challenger and a driver.

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Would you call yourself a strong people’s person? Are you a nefelibata? Do you live in the clouds of your own dreams and wish not to obey the conventions of society?

Or do you have the feeling of ‘Sehnsucht’, a longing or indescribable yearning in the heart for something you currently know not what?

Umm..Chitra Gurnani Daga or Nitika Goel? Do these names ring a bell?

Former, entrepreneur from 2011. Latter, only recently, started with GovBlocks (an innovative blockchain-based SAAS company) in 2017. Daga is the CEO of Thrillophillia (an adventure travel company – must’ve heard).

What is an Entrepreneur? – A Brief Rundown

They can be innovators, a source of new ideas, goods, services, and business/or procedures. This means they can create a ‘start-up’.

A start-up is not just a new business, it is the type that aims to create a new society. An innovation, a never-before type of business. ‘Entrepreneur’ was initially a word used for founders of start-ups. Now, it has grown to be a word that associates itself with any sort of new business, new idea or old.

who is an entrepreneur
entrepreneur

Who is An Entrepreneur?

They come from almost any discipline, background, exposure level, past experiences, and income group.

The best part is that irrespective of your educational qualification (whether you have just passed your school or you have a PhD), you can always become an Entrepreneur.

Structured training and formal certification are not prerequisites here. You need to have a dream, an idea and a set of personality traits to start selling.

However, it is advisable to complete at least a senior secondary/ intermediate level of education (Class 11-12) before aiming to become a self-starter. Your aim may be older, but your efforts should be ample. This would be possible only after a certain level of qualification after school at the least.

Becoming a self-starter needs a certain quality in young minds that cannot be taught. This is not functionally an acquired skill.

It is the intent that rules, even when you are at the stage of no-knowledge-at-all.

qualities of an entrepreneur

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Top 5 Qualities of a Successful Entrepreneur

Successful entrepreneurs, from Henry Ford to Steve Jobs, share similar qualities with one another. Here are some of the qualities required to become a successful entrepreneur:

  1. Strong leadership qualities
  2. Highly self-motivated
  3. Strongly ethical and integral
  4. Willingness to fail
  5. Competitive spirit

Role of an Entrepreneur

An entrepreneur is someone who organizes a business venture and assumes the risk of it.An entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market. Entrepreneurs must show initiative and be innovative while identifying opportunities. For these opportunities, they must organize resources as needed.

How To Be An Entrepreneur?

You should start by knowing that creating a line of your own business is risky. Also, most often a stressful journey is at stake, but the returns could be huge when compared to a plain vanilla job!

As previously mentioned, you’ll need certain specific entrepreneurship skills to be a self-starter. These qualities are not acquired.

However, acquiring specific degrees and studying in specific environments through off-classroom activities can be a moat.

Additionally, apprenticeships/ job shadowing/ internships and workplace exposure early in your career can be a huge moat. All of these provide valid & massive networking opportunities. These can provide to be beneficial for you later in your quest to set up your own business.

The Entry RoadmapsHow to Become an Entrepreneur in India?

As mentioned earlier, structured training and formal certification are not prerequisites. However, it is advisable to complete at least graduation.

You can also work for a few years in any company before becoming an Entrepreneur. Work experience gives you a number of industry contacts and financial resources. It also gives you exposure to a commercial environment.

4 most followed pathways are:

  1. Class 10 in any subjects – Class 11-12 in any stream – Bachelor degree course in any discipline
  2. Class 10 in any subjects – Class 11-12 in any stream – Bachelor degree course in any discipline or BBA in ‘Entrepreneurial Studies’ or similar – Post Graduate Diploma in ‘Entrepreneurship’ or related
  3. Class 10 in any subjects – Class 11-12 in any stream – Bachelor degree course in any discipline or BBA in ‘Entrepreneurial Studies’ or similar – MBA in ‘Entrepreneurship’ or related courses
  4. Class 10 in any subjects – Class 11-12 in any stream – Bachelor degree in any discipline – Master degree in the respective domain – FPM.

There are multiple exceptions to these pathways so please do not get fixated on specific stuff.

Look for examples around you, specifically on professional networking sites. Here, you can meet the official avatars of otherwise free minds.

Psst..secret-sharing! Build your own website (from open-source design studios like Wix, silly!). Maybe, start a YouTube Channel and feel the dawning experience. This is a very cool idea and many children as early as 11 y.o’s are starting with this. May as well be future entrepreneurs!

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role of entrepreneur

Various Industries That You May Choose to Serve Include:

  • Agriculture / Agro-based or Allied Industries
  • Telecommunications
  • Auto / Auto-ancillary
  • Foods / Beverage / FMCG (Fast Moving Consumer Goods)
  • Medical / Healthcare
  • BFSI (Banking, Financial Service, Insurance)
  • Education / Teaching
  • Travel and related
  • Oil and Gas / Power / Infrastructure / Energy
  • Construction / Engineering
  • Industrial Products
  • Accounts and Finance

Functional areas that you may cover include:

  • Sales / Retail
  • Production / Maintenance / Quality
  • Purchase / Logistics / Supply Chain
  • Accounts / Finance / Tax / Insurance
  • Human Resource / Recruitment
  • Customer Service / Operations
  • Marketing / Advertising

Final words

If you think you have the confidence to be an entrepreneur, you’ll also need to know a few other things. Find your true colors and become THAT future entrepreneur, the showstopper! Read about Bianca Lily

Still haven’t figured out your ikigai in your life? Wish to make something out of yourself by yourself as entrepreneurs do? Don’t hesitate to contact us.

We’re the foremost in India (iDreamCareer) helping millions of young minds discover their true mettle.

If you liked this post, something tells me you’ll love some more from us. Don’t keep to yourself. Explore. More.

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4 thoughts on “The Anatomy of An Entrepreneur: Your 1st Must-Have Thoughts”

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