The World of an Entrepreneur

• Entrepreneurship → Entreprende, which means - ‘to undertake’
• Entrepreneurship is the pursuit of a solution, a relentless focus on solving a problem or doing something drastically different from the way it is done today. [it’s] aiming to do something better than it’s ever been done before and constantly chasing improvement.
• Entrepreneurs are the dreamers/visionaries and leaders.
• Society needs entrepreneurs the same way the body needs air.
• To be a successful entrepreneur, you have to be someone who can risk failure at the deepest personal levels.
• One who sees potential in the scarcity that is prevalent in the market. They are Open Minded.
• Social Entrepreneurs → Entrepreneurs who use their skills not only to create profitable businesses but also to achieve economic, social, and environmental goals for the common good.

The Benefits of Entrepreneurship

1. Opportunity to Create Your Destiny.
2. Opportunity to Reap Impressive Profits.
3. Opportunity to Make a Difference.
4. Opportunity to Contribute to Society and Be Recognized for Your Efforts.
5. Opportunity to Do What You Enjoy and Have Fun at It.
6. Flexibility
7. Financial Success
8. Legacy

The Drawbacks of Entrepreneurship

1. Uncertainty of Income
2. Risk of Losing Your Entire Investment