Community//

Business Entrepreneur

Business entrepreneurship – Are you ready for it? Business entrepreneurship fascinates a lot of people. Different people have different reasons for starting as a business entrepreneur. Some people take up business entrepreneurship just because they are fed up or bored with their daily routine job and want to try out something different. Others become a […]

The Thrive Global Community welcomes voices from many spheres on our open platform. We publish pieces as written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Community stories are not commissioned by our editorial team and must meet our guidelines prior to being published.

Business entrepreneurship – Are you ready for it?

Business entrepreneurship fascinates a lot of people. Different people have different reasons for starting as a business entrepreneur. Some people take up business entrepreneurship just because they are fed up or bored with their daily routine job and want to try out something different. Others become a business entrepreneur because they think that their current job doesn’t get them enough money. And a lot of people get into business entrepreneurship because they want to be their own boss.

Business entrepreneurship is a different ball game

However, business entrepreneurship or working for oneself is an altogether different ball game as compared to working for someone else. Though you don’t have a boss to report to, you have much more responsibilities when you are running your own business. A business entrepreneur has to take care of each and every aspect of his/her business whereas an employee has to just execute his list of tasks/ responsibilities for which he/she gets a salary. The success of your business is dependent on your actions. As a business entrepreneur, your earnings are determined by how well you run your business. You will need to get customers for your business and you will need to ensure that you deliver high quality goods and services so as to establish yourself in the marketplace. If you employ people, then you will need to manage/ guide them and you will need to take care of things like payroll, administration, office, facilities, appraisals etc. Business accounting, financial planning, business planning, strategizing, marketing, sales and just about everything will fall in your realm as a business entrepreneur.

Getting started as a business entrepreneur

Business entrepreneurship involves putting in a lot of hard work, especially during the initial stages. During this initial phase, you would not find any time for yourself. Controlling costs and getting business would be your top priority. These are testing times for a business entrepreneur and every business entrepreneur has to go through them. Only the serious and resolute business entrepreneurs are able to pass this test. Those people, who started on the misconception that business entrepreneurship is easier than working as an employee for someone, get to realize the facts at this stage (and some of them do return to their previous jobs). However, the business entrepreneurs who have the real business entrepreneurship spirit in them will progress further (and will succeed, even if the success comes after a few failures).

Warren and Karen have been involved in the internet for a number of years and run several websites. They are most interested in providing opportunities for people to connect with information relating to business, health and creativity. Check out their Business Entrepreneur blog for more information.

    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    Community//

    Becoming an Entrepreneur

    by Jack Nourafshan
    Five Common Entrepreneurship Myths Debunked
    Community//

    5 Common Entrepreneurship Myths Debunked

    by Caroline Castrillon
    entrepreneurship and depression
    Community//

    An Honest Conversation About Entrepreneurship and Depression from an Entrepreneur

    by Jeff Butler

    Sign up for the Thrive Global newsletter

    Will be used in accordance with our privacy policy.

    Thrive Global
    People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

    - MARCUS AURELIUS

    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.