Benefits of Being an Entrepreneur – Have you ever been told to be an entrepreneur by people around you? If you have and you are confused about the reason, the reason is because the competition to get a job is now getting higher.
The government is also trying to make way for entrepreneurship to be more accessible. Entrepreneurship is one of the professions that drive the country's economy.
That way, many people have found jobs because of entrepreneurship. If you are starting to get interested but still need clarification about what entrepreneurship is, how it works, and the benefits of entrepreneurship, let's take a look at the explanation below!
Read also: Here They Are! 8 Best MSME Business Examples
What is Entrepreneurship?
Entrepreneurship is one of the business activities done independently, in which the entrepreneur bears each activity and resource. For example, making a new product, determining how to produce it, and thinking about the capital and marketing of the product.
A business expert from France, JB Say (1803), revealed that entrepreneurs could manage their resources economically and increase productivity levels from low to higher.
Then, Burgess (1993) also revealed that an entrepreneur is a businessman who manages, organizes, and bears the risks of creating new business opportunities.
So, from the explanation above, to become an entrepreneur, you must prepare capital, OK. This is because you are a mover and responsible for what you build.
How Do Entrepreneurs Work?
1. Finalizing a Business Plan
As an entrepreneur, making a business plan is fundamental. It is also important to finalize a business plan because this plan will put your ideas into action. Of course, a business plan will also help you imagine ideas that you will execute later!
In finalizing a business plan, think about 5 W + 1 H for how your business works, OK. As for 5 W + 1 H, it is what (what), where (where), when (when), who (who), why (why), and how (how). Wow, so it's like a news text, huh?
2. Involved in All Aspects of Your Business
To be a successful entrepreneur, you have to play an active role in your business. If you don't master a number of fields, try to call a partner who can help you do business.
Even so, you still have to give directions to them so you can still play an active role as an entrepreneur, okay?
3. Building a Team
Behind a successful entrepreneur, there must be a well-formed and coordinated team. To build a good team, you must be selective in choosing reliable co-workers. Also, make sure they have the same vision as you.
So, even though they are in different fields, you and they are still well connected in building a business. By having the same vision, as a result, you can form and have a good team!
4. Building Relationships
As an entrepreneur, you should not let your pride stop you from asking someone expert in their field for help. Building relationships also make your business last for a long time. This is because you and they mutually benefit so that the business will continue.
As an entrepreneur, you have to build relationships with anyone. You can build good relationships with venture capitalists, investors, and banks. If you already have a good relationship, when you have a problem, you can ask them for help!
5. Developing Self Abilities and Skills
The last way of working as an entrepreneur is always to develop yourself so that your business conditions remain stable. One of them, you must always establish good adaptability. Why? Because market needs are dynamic. Sometimes you are forced to get out of your comfort zone.
So, your business may be left behind if you are not responsive to change.
Benefits of Being an Entrepreneur
1. Getting to Know About Your Own Potential
Working as an entrepreneur can make you know more about your potential. With your potential, you can control the business better to keep it running.
Indirectly, by knowing one's own potential, that potential can increase too!. You can mobilize all the ideas, creativity, and innovation you have to realize your business goals. Wow, it's interesting, huh?
2. Enriching Your Knowledge and Experience
Building a business, of course, can add to your knowledge and experience. Being an entrepreneur is more than knowing about capital and finance. You can get inside and experience leadership, time management, and even public speaking skills too!
3. Changing Mindset and Behavior
When you become an entrepreneur, your mindset and behavior will change. But it indeed changes for the better!
Entrepreneurial people will have an organized and systematic mindset. They are very careful in their actions because they minimize all risks.
4. Having the Opportunity to Know Your Interests
Many people out there are entrepreneurs that start business according to their interests. Well, this is one of the benefits of entrepreneurship too. You are free to open any business according to your interests.
For example, if you are passionate about sports, you can open a sports shop, a sports rental place, service as a coach, and many more that suit that field.
Working according to our interests feels more fun. Come on, let's be entrepreneurs!
5. Creating Jobs and Productivity
The benefits of entrepreneurship can also have an impact on the broader community. When you become an entrepreneur, you need the help of people, which indirectly opens new jobs. That way, you can also halt the rate of poverty in Indonesia.
Apart from that, you can also make other people more productive to work with you.
6. Innovating
Entrepreneurs have the potential to create innovations and new ideas that are unique and brilliant!
In addition, you can also use these innovations to advance technology, create quality products, and develop human resources (HR) to compete healthily.
7. Having Huge Profits
If your business is successful, you will have more profit compared to doing other jobs! Most of the richest people in the world are people who started small businesses.
In order to be like them, the key is persistence and patience. Becoming an entrepreneur is full of processes indeed. Just enjoy the process so that the profits will get to you.
8. Controlling Your Own Destiny
Entrepreneurship is one way to determine your destiny. That is, when you do business, it all depends on your intentions and abilities. Doing business makes you free to determine what you want.
Read also: 7 Examples of Business You Can Try with Only 10 Million Rupiahs
Well, how? After reading this explanation, are you interested in becoming an entrepreneur? If you are interested, do the steps and understand the concept more thoroughly, OK!
In entrepreneurship, you also have to be good at managing finances. For that, let's use the Whiz financial application. so you can save and manage your finances easily.
You must be logged in to post a comment.