Entrepreneurship Development

Entrepreneurship is the ability to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. Entrepreneurship is basically the act of creating a business or businesses while building and scaling it to generate a profit. It’s about building a life on your own terms. No bosses. No restricting schedules. And no one holding you back.
Entrepreneurship development is a process of developing certain skills in an individual which are required to make him/her a successful entrepreneur. The success of an entrepreneur can be judged by success of his project or business. Finding a way to sell oneself before anyone believes in one or ones business, being able to explain and prove why their product or service is worth the price or investment, knowing when something is valuable, even if no one else does etc. are some of the features a successful entrepreneur possess.
Big successful companies like Microsoft, Google, Apple etc. have all attained the status they have now because of their respective entrepreneurs. Success of such start-ups not only benefits the people associated with it but also the economy as a whole. It slowly changes the world. Off course not every start up is a massive hit, some might be pretty mediocre and some might even do more losses than gains but nevertheless in the contemporary world, the need and urge for entrepreneurship development has drastically increased.
There are certain characteristics which are observed in entrepreneurs who write big success stories. These characteristics are a prerequisite for becoming a successful entrepreneur. The first and foremost skill is creativity. It means thinking out of the box. Coming up with new ideas, being open to new methodologies, creating something new etc. are some examples of being creative. Creativity gives birth to Originality. Risk taking is another characteristic of a successful entrepreneur. Without the will to explore the unknown, one cannot discover something unique. Risk-taking involves a lot of things. Using unorthodox methods is also a risk. Investing in ideas, nobody else believes in but you is a risk too. Good entrepreneurs are always ready to invest their time and money. But, they always have a backup for every risk they take.
Planning is another characteristic and probably the most important one. They say “If you fail to plan, you plan to fail.” Planning is strategizing the whole thing ahead of time. It basically sums up all the resources at hand and enables one to come up with a structure and a thought process for how to reach ones goal. It involves how to make optimum use of these resources. Facing a situation or a crisis with a plan is always better. It provides guidelines with minimum to no damage incurred to a business.
Other characteristics include passion for the work or business one choose to do, professionalism in the way the work is done, knowledge of the field of work or business, social skills including relationship building. An entrepreneur must be open minded towards learning, people and even failures.