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What do you need to be an entrepreneur?

Are we all entrepreneurs? Theoretically, it is known as an entrepreneur or entrepreneur to who organizes and leads some type of organizational initiatives, for profit, running a certain amount of financial risk in doing so. The term comes from the 18th century, at the dawn of industrial capitalism.

It is not synonymous with businessman.

Nowadays, talking about entrepreneurship It has taken on great relevance for the economy of all countries, entrepreneurs are called business leaders who translate their passions into liquidity.

Most of the time, when asked about What is an entrepreneur?, we think of people who have their own business, this image of a micro-entrepreneur is what is often confusing; however, a entrepreneur according to Javier Pelayo Gonzalez, refers to those people who are capable of generating projects, implementing them autonomously and taking responsibility for the consequences.

Attributes that an entrepreneur must have:

  • Productivity
  • Autonomy
  • Inspiration
  • Ambition
  • Passion
  • Creativity
  • Leadership
  • Organization
  • Risk tolerance
  • Tolerance to denial
  • Ability to adapt to changes

Types of entrepreneurs 2020

Corporate or business entrepreneurs. This is what those who risk raising a company  innovative (Startups) using their entrepreneurial instinct, in addition to the characteristics we listed above.

Digital Entrepreneurs. As a result of the technological revolution, they use the Internet and technology to offer services of various kinds.

Social Entrepreneurs. These are those that have a non-commercial nature but still require business treatment as NGOs  and other political or community organizations.

And what do I need to be an entrepreneur?

In addition to having entrepreneurial characteristics, you have to work on your weaknesses and exploit your strengths. The truth is that there are many books on the first steps of entrepreneurship but here we are only going to mention the natural steps.

  1. You have to be careful to the opportunities. Stay alert with all your senses to capture business opportunities, for which it is recommended to pay attention to how the markets move: trends, new fashions, needs, tastes and consumer preferences.
  2. Gather resources private and public. When you have detected a good opportunity, it is time to activate the resources part. There are ways such as seeking financing, other experts recommend that you be autonomous and start with your own resources, 'do it yourself', but of course, not everyone is suited to the same path. And there are multiple ways to finance your project, from private to state, it is a matter of analyzing the best options according to your sector.
  3. Launch your hot idea. Minimize risk by analyzing, preparing and planning objectives, strategies and courses of action well, and then allocate resources, coordinate activities, and direct and lead your workers in the implementation and subsequent management of your business.

Like everything in life, starting a business is a risk, but it is possible for any individual who sets out with conviction and discipline to start an idea and transform it into a business model.