20 Dec Are you ready to become an entrepreneur?
I would not like to finish the year without dedicating an article to the task of creating companies.
We may define “entrepreneurship” as the 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 the starting of new businesses.
Entrepreneurial spirit is, among others, 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.
“Entrepreneurs are the lifeblood of business. In a climate of uncertainty, it is more important than ever to recognise those entrepreneurs challenging the norm, chasing improvements and driving innovation in industries.
Whether in 2018 or the decades before, entrepreneurs have always been the beating heart of positive change and I like to think we are all out to make the world a better place for everybody”, says Richard Branson, founder at Virgin Group.
However, is there something special that sets entrepreneurs apart from the rest?
What is it that makes certain people believe in themselves enough to take the prospect of failure head-on and have the determination to come out on top or, at least, try it?
The entrepreneurial spirit is a gift that inspires people to become the best they can.
From passion and positivity to leadership and ambition, here are the traits that best may define the entrepreneurial spirit:
- Passion for life, for business, that inner strength that pushes you from inside to give it all.
- Positivity, the power of positive thinking. Living by the motto that “every challenge is an opportunity”.
- Adaptability, having the ability to adapt is one of the greatest strength an entrepreneur can have. Every successful business owner must be willing to improve, refine and customize their services and products to continually give customers what they want.
- Leadership, a good leader is someone with charisma, a sense of ethics and a desire to build integrity within an organisation. Someone who is enthusiastic, team oriented and a great teacher.
- Ambition or the willingness to move forward. Determination or being determined to reach your goals.
- Audacity and Courage to take the necessary risks when needed.
Many initiatives take place every day in all corners of the world, both locally and globally, from public and private institutions to support entrepreneurship, therefore, create more employment, more economic dynamism, and improve many people’s life.
Public and local initiative to promote entrepreneurship
As a close example, I would like to highlight the work carried out by the City Council of Calonge in Costa Brava, Catalonia, to celebrate with great success the First Entrepreneurship Congress that addressed such interesting topics as:
- The role of new technologies in business progress, by Mr. Genís Roca, president at Roca Salvatella.
- The vision of the world economy with current data from the richest countries and with lowest unemployment rate to the poorest ones, by Prof. Gay de Liébana, Universitat de Barcelona.
- The challenges of women’s entrepreneurship, empowering women by breaking the cement and glass ceilings, by Mrs. Núria Viñas, President of Dones pel Futur i Mrs. Núria Balada, President of the Institut Catalá de les Dones.
This initiative aims to attract entrepreneurial talent and business to the area for its subsequent economic and social dynamism and achieve a stable labor market throughout the year that gives work to all residents and gradually ends with the seasonality of the summer tourist season..
Private and global Initiative to create new businesses
Supporting entrepreneurship and start-ups in India at an event held by IE Business School and participating students from IIMs, IITs, IE and ISB Business Schools in a business plan competition.
“India is the third largest start-up economy in the world and our students need to be encouraged to create more businesses”, said my friend and IE colleague Dr. Karan Gupta, MD of IE in India and founder himself of the Karan Gupta Education Foundation.
Some of the advices given to young students in this session are:
- “Passion is the most important ingredient in any start-up”.
- “Be a big fish in a small pond, don’t waste your money“.
- “Work hard, day and night, and be ready for the long haul”.
These are just two examples of the thousands of initiatives in favor of the creation of companies that are generated every day around the world to contribute to a more dynamic and innovative society, creating employment, wealth and therefore more benefit and better living standards for all.
So let us never get tired of supporting, from both the public and the private sphere, the creation of new businesses!
Some good tips from Jack Ma, entrepreneur and Founder of Alibaba: