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Risking it all: Becoming an Entrepreneur
by Erika Edwards Decaster
erika.decaster@hqpublications.com
Business Programs Columnist
It seems like everybody wants to be their own boss. Well, you can hardly blame them. It's entrepreneurs who make it happen. They are the people who take the financial risk and start their own businesses. They also manage and operate the business.
Entrepreneurs are the ones who usually come up with the initial idea for the business, or at least enterprise on it.
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Beyond Brainstorming: The Nuts and Bolts of Entrepreneurship
Entrepreneurship is more than just a good idea, however. Entrepreneurs take on the responsibility of operating and managing their businesses as well. If you were to open a business, you take on the financial risk (meaning if you make it, a big chunk of the profit is yours, whereas if it goes bust, you're the one who pays the outstanding bills).
You are also the one who may determine the location, marketing strategy and even who your employees are. Successful entrepreneurship skills are what make the difference between making it and breaking it.
Without Good Entrepreneurship Vision, You Could be Blindly Walking
Entrepreneurship involves, first and foremost, a certain amount of vision. You must be able to see the big picture. You must also be willing to reinvest a good portion of your profits back into the business.
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You must determine the quality standards of your product and determine the training methods for your employees. You must think about franchising and how to replicate your venture elsewhere.
Back to the Basics: An Entrepreneurship Program
Sure, a lot of people learn as they go. And, a lot of businesses go bankrupt. Entrepreneurs who have completed a business or entrepreneurship program, a solid education in business and entrepreneurship have the skills necessary to make their dreams a reality.
An entrepreneurship program will include courses in marketing, small business administration and finance, leadership, and many others. Completion of an entrepreneurship program will enhance your chances of becoming a financial success.
About the Author
Erika Edwards Decaster has most recently worked as an internship coordinator for Brigham Young University. Her previous experience includes publishing, curriculum development, museum administration and as a teacher of English as a second language. She has also worked as a full-time humanitarian aid volunteer in Portugal and as an employment specialist in the Dominican Republic.
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