To be a business person you have to be fashionable, but what does it really mean? Wherever you look, the lifestyle entrepreneurship is fashionable. It has support from various companies, news media and even romantic places to get appointments with other business people. The word “entrepreneur” has become very important. Before we go ahead I guess you would like to know The difference between being rich and being wealthy.
The problem is that once the term became fashionable and everybody wants to be an entrepreneur, the title loses its meaning.
Who qualifies to be an entrepreneur?
The big difference between these people and the rest of the world is that they tend to build new ideas into uncharted territory. Being deeper, there are three other differences:
-Financing: Entrepreneurs tend to get external capital to grow their businesses. It can be followed with venture capital, crowdfunding, micro loans or angel investors.
-Strategy: A great brand of entrepreneur is to have an exit plan for their business. They launch a new trend, innovate and then move to the next project.
-Technology: Entrepreneurs are always looking for tools that make their businesses more efficient and profitable.
These differences are not absolute and leave room for many gray areas in the discussion. If you still are not sure to be an entrepreneur, you should ask yourself the following questions:
1. Do you like taking risks?
One of the most distinctive qualities of entrepreneurs is your risk tolerance. They see opportunities and possibilities in situations where others see only danger. They have a clear vision of the future that allows them to jump into the void with confidence.
2. What opines personal development?
Entrepreneurs focus 100 percent on their industries. They are always consuming information and learning just for the fun of it.
3. What happens when someone says ‘no’?
“No” does not always mean “no” for entrepreneurs. For them, the negative drives them to improve their skills and try again. Always they try to improve their presentations and proposals to convince investors. So these ecosystems move billions of dollars in funding each year.
4. What do you do in your spare time?
This is a trick question if you are a true entrepreneur because in reality do not have free time. There is no “balance of life and work” because your whole existence is organized according to your business.
Trends change. At some point in history the term “entrepreneur” go out of fashion and other lifestyle only be replaced and the people who truly have a passion for doing something innovative.