The term entrepreneurship is not part of the dictionary of the Royal Spanish Academy (RAE). It is about the effect of undertake, a verb that refers to carrying out a construction site or a business. Entrepreneurship is usually a project that is developed with effort and facing various difficulties, with the resolution of reaching a certain point.
The most common use of the concept appears in the field of economy and business. In this case, an enterprise is an initiative of an individual who assumes an economic risk or who invests resources with the aim of taking advantage of an opportunity offered by the market.
Characteristics of an entrepreneur
The subject who starts a business or who creates a small business on his own initiative is known as entrepreneur. In times of crisis, entrepreneurships usually represent a way out (or, at least, a possibility of growth) for people who are unemployed.
Experts argue that entrepreneurs must have certain capacities to be successful: flexibility, dynamism, creativity, drive, etc. These are necessary values since businesses face all kinds of difficulties and those who promote them must be in a position to adapt to a changing reality. It is worth mentioning that teamwork is usually the best way to promote a draft, since it enhances the virtues of each member.
How an enterprise arises
All entrepreneurship is born from an idea that, for various reasons, arouses in one or more people enough interest to embark on an arduous and uncertain journey which aims to make this idea come true. Today, thanks to the possibilities offered by technology, it is not always necessary to have money to start a business. business; But certain elements, such as will, perseverance, and determination, remain indispensable.
One of the most common mistakes made by entrepreneurs first timers is to pretend to obtain Profits during the first two or three months. Depending on the area, and assuming that all the necessary efforts are made in all possible aspects, the positive results begin to be seen after six months, although many times a year of uninterrupted activity is necessary.
This is why a good entrepreneurship only exists if it is faced by people determined to face adversity and to continue fighting without exception, both against economic and economic downturns. lack of loyalty of the competence.
The keys to success
One of the keys to success in life, in and out of business, is to understand and accept that the planet belongs to everyone or, depending on your perspective, that it does not belong to anyone. Starting a business is not always a pleasant experience; Many times, a reward is not received according to the effort put in, and it is important to know that this can happen, especially when someone with more resources stands between us and our dreams.
The most prominent ventures tend to have in common a high degree of creativity, of innovation, show ideas that had not been exploited before or use them in a different field than the one used. Originality is generally worth more than money, ingenuity that marketing studies, as well as be timely than precarious. A good idea, worked for years, polished, that reaches the market too late can go unnoticed; on the other hand, a mediocre product at the right time can turn into a resounding success.
Beyond business, an enterprise is a action or campaign that requires a lot of effort. For instance: “The team failed in its endeavor for African lands but the people knew how to recognize its dedication and sacrifice“, “The venture came to fruition and the organization brought together several tons of non-perishable food”.