Being an entrepreneur sounds so exhilarating and enticing. No bosses any longer, no pressure from a job which is not rewarding you, and no limited paycheck. Entrepreneurial life is certainly really exciting.
However, 9-5 will almost certainly immediately turn to 24/7. Your customers become your new bosses. In addition, the size of your paycheck will differ from month to month. If you persist, work hard enough and innovate, you can join the “club” of successful entrepreneurs. How can you make your journey easier? Start thinking like the world’s top entrepreneurs.
What Is Entrepreneurship All About?
Entrepreneurship is about treading novel ground. It is about taking a step which no one has taken before – at least not in that same way or, alternatively, in the same place.
This means that it should not be shocking that much of the academic literature on entrepreneurship, from the time of Richard Cantillon in the early 1700s, has concentrated on entrepreneurship as uncertainty-bearing.
Although “bearing uncertainty” may be what entrepreneurs do in the economy – from a theorist’s point of view – it is not (and should not) be the rationale for starting a business. After all, ambiguity means the outcome is unknown, which – in turn – means it could end up as being ugly. In other words, uncertainty is a cost. It’s a burden on the entrepreneur’s shoulders. Entrepreneurs are correct to attempt to avoid the uncertainty.
