What is Entrepreneurship? Everything you need to know!

What is Entrepreneurship? Everything you need to know!

What is Entrepreneurship?

Entrepreneurship defined as the act of creating a Business or Businesses in the aim of generating profits. In the modern days, Entrepreneurship can be defined as transforming the world by solving problems and bringing innovative ideas like :

  1. Initiating a social change
  2. Creating an innovative product that will ease the life of people
  3. Presenting a new life changing solution

Countries where poverty is high can benefit a lot from Entrepreneurs. Entrepreneurship can lover the rates of unemployment through job creation.

Entrepreneurs are people who have had a Dream and a new way of working. It is all about taking your career in your hands, drafting and perfecting it to your own terms. No Bosses. Nothing to hold you back. No limit and no schedule. You are always on the run to modify, implement and test new ways to generate profits.

Entrepreneurs are the ones who are able to take the first step to make the world a better place with everyone in it.

 

20 Experts define what is Entrepreneurship

Here’s what 20 company founders and business leaders told Business News Daily about what they think makes a truly successful entrepreneur.

What is Entrepreneurship

1. “Entrepreneurship is at the core of the American dream. It’s about blazing new trails, about believing in yourself, your mission and inspiring others to join you in the journey. What sets [entrepreneurs] apart is the will, courage and sometimes recklessness to actually do it.” – Derek Hutson, CEO ofDatical

2. “Entrepreneurship is the persistent progression towards an innovative solution to a key problem. It’s the constant hunger for making things betterand the idea that you are never satisfied with how things are.” – Debbie Roxarzade, founder and CEO of Rachel’s Kitchen

3. “At its core, [entrepreneurship] is a mindset – a way of thinking and acting. It is about imagining new ways to solve problems and create value. Fundamentally, entrepreneurship is about … the ability to recognize [and] methodically analyze [an] opportunity, and ultimately, to capture [its] value.” – Bruce Bachenheimer, clinical professor of management and executive director of the Entrepreneurship Lab at Pace University 

4. “It is important to balance strong vision with a willingness to embrace change. The ability to listen, whether it be to the opinions of customers or employees, is also integral to success. While … you must have the confidence to make your own choices, it is still incredibly important not to become detached from the people whose needs you are trying to meet. – Tirath Kamdar, founder and CEO of TrueFacet

5. “Being an entrepreneur is like heading out into uncharted territory. It’s rarely obvious what to do next, and you have to rely on yourself a lot when you run into problems. There are many days when you feel like things will never work out and you’re operating at a loss for endless months. You have to be able to stomach the roller coaster of emotions that comes with striking out on your own.” – Amanda Austin, founder and president of  Little Shop of Miniatures 

6. “To be a successful entrepreneur you must have a passion for learning – from customers, employees and even competitors.” – James Bedal, CEO of Bare Metal Standard

7. “To me, entrepreneurship means being able to take action and having the courage to commit and persevere through all of the challenges and failures. It is a struggle that an entrepreneur is willing to battle. It is using past experiences and intelligence to make smart decisions. Entrepreneurs are able to transform their vision into a business. I believe this process is at the core of any true entrepreneur.” – MJ Pedone, founder and CEO of Indra Public Relations

8. “Being a successful entrepreneur requires a great deal of resourcefulness, because as an entrepreneur, you often run into dead ends throughout the course of your career. You need to be able to bounce back from losses if you want to be successful. There will be much more disappointment than progress when you first start off, and you need to have a short memory in order to put the past behind you quickly. It’s imperative to stay optimistic when bad things happen.” – Vip Sandhir, founder and CEO of HighGround

9. “Entrepreneurship is the ability to recognize the bigger picture, find where there’s an opportunity to make someone’s life better, design hypotheses around these opportunities, and continually test your assumptions. It’s experimentation: Some experiments will work; many others will fail. It is not big exits, huge net worth or living a life of glamour. It’s hard work and persistence to leave the world a better place once your time here is done.” – Konrad Billetz, co-founder and co-CEO of Offset Solar

10. “[Entrepreneurs] have to be people-oriented. Your business will die without a good team to back you up. Study management techniques, learn from great leaders, review where you’re succeeding and failing so you can help others improve. An entrepreneur has to be able to build a team that cares about their work, and to do that you have to care about how you create your team.” – Jonathan Barnett, founder and CEO of Oxi Fresh Carpet Cleaning

What is Entrepreneurship

11. “To be a successful entrepreneur you need perseverance. Most successful business people or entrepreneurs have never given up on their idea. When challenges arise, they have found innovative ways of overcoming them. You must be able to adapt to changing economic conditions, and innovate and embrace technological advances to keep your customers engaged. These things take determination and a strong focus on the end goal.” – Stacey Kehoe, founder of Brandlective Communications 

12. “Entrepreneurship is the mindset that allows you to see opportunity everywhere. It could be a business idea, but it could also be seeing the possibilities in the people that can help you grow that business. This ability to see many options in every situation is critically important; there will be unending challenges that will test your hustle.” – Preeti Sriratana, co-founder and COO of Sweeten

13. “Successful entrepreneurs … have the guts to take a calculated risk and the tenacity and persistence to keep going even when there are bumps in the road.”  – Eileen Huntington, co-founder and CEO of Huntington Learning Center

14. “Successful entrepreneurs look past [the] ‘quick buck’ and instead look at the bigger picture to ensure that each action made is going toward the overall goal of the business or concept, whether or not that means getting something in return at that moment.” – Allen Dikker, founder and CEO of Potatopia

15. “Being an entrepreneur is ingrained in one’s identity. [It] is the culmination of a certain set of characteristics: determination, creativity, the capacity to risk, leadership and enthusiasm.” – Eric Lupton, president of Life Saver Pool Fence Systems

16. “Entrepreneurship is an unavoidable life calling pursued by those who are fortunate enough to take chances. [They are] optimistic enough to believe in themselves, aware enough to see problems around them, stubborn enough to keep going, and bold enough to act again and again. Entrepreneurship is not something you do because you have an idea. It’s about having the creativity to question, the strength to believe and the courage to move.” – Jordan Fliegel, co-CEO of DRAFT

17. “An entrepreneur must be able to accept failure. Everyone thinks they can accept failure until they come face to face with failing at a major thing that they have put their everything into. To be a successful entrepreneur, you have to be someone who is able to risk failure at the deepest personal levels.” – Steven Benson, founder and CEO of Badger Maps

18. “The journey of entrepreneurship is a lifestyle for many of us; we are wired this way and have no choice. We are driven by an innate need to create, build and grow. You must have an underlying positivity that enables you to see beyond the day-to-day challenges and roadblocks, always moving forward. You must also be a master plate juggler, able to switch between thinking, genres and activities moment to moment.” – Justine Smith, founder and CEO of Kids Go Co.

19. “Entrepreneurship is seeing an opportunity and gathering the resources to turn a possibility into a reality. It represents the freedom to envision something new and to make it happen. It includes risk, but it also includes the reward of creating a legacy.” – Maia Haag, co-founder and president of I See Me! Personalized Books and Gifts

20. “One must possess grit. The stakes tend to be high, the bumps in the road frequent. Remaining focused, regardless of the obstacles, is paramount. That said, being an entrepreneur means being in full control of your destiny. If that’s important to you, then all of the challenges associated with striking out on one’s own are but a small price to pay.” – Mike Malone, founder of Livestock Framing

 

What is an Entrepreneur? Entrepreneur Definition

What is Entrepreneurship

An Entrepreneur is a person who build a business in the aim to make profit.

For example, a person who set up his online Store, E-Commerce website to make profit can be considered as an Entrepreneur. Or it can be a Freelancer just starting out.

An Entrepreneur is someone who fights for his business to make profit and make the whole business sustainable. This create future employment opportunities.

However, the meaning of Entrepreneur is more than just creating a Business and making profit or create jobs. Entrepreneur are the world’s famous transformers. They see the world differently. From Bill Gates & Steve Jobs making computers part of every household to Elon Musk sending people to Mars.

Entrepreneurs see Opportunities & Solutions where the common people see Annoyance & problems.

 

What is the meaning of Entrepreneurship?

What is Entrepreneurship

The meaning of Entrepreneurship is not simple Maths. The meaning of Entrepreneurship requires an Entrepreneur who takes actions to make a cheng in the World.

Whether startup Entrepreneurs solve a problem that many struggle in their daily life, or they bring people together that no one has before, or they build revolutionary / innovative inventions that will make a society progress, they ( the entrepreneurs ) have one thing in common ; ACTIONS!!

It is not like common people who have millions of ideas and they keep dreaming or talking about it.

Entrepreneurs find problems, look for solutions & execute ideas.

 

Importance of Entrepreneurship

 

Business Plan Indesign Template for best Business Strategy

Business Plan Indesign Template for Entrepreneur or a Startup?

Use this Business Plan Indesign Template to present your company or services in a Convincing Presentation. Get investors with the Best Business Plan Indesign.

business plan indesign template

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A Business Entrepreneur is like an artist.

He is never satisfied with the results because he is a perfectionist.

He always ask himself questions at each steps he does.

He never want to fail although failures may be a normal thing.

He turns failures in his advantage. He learns from mistakes.

He improves himself over the period of time.

The startup he founded in the beginning rises over time, because that entrepreneur has been intelligent, creative, and invest lots.

Today we are going to learn how can an Entrepreneur design / write his own Professional Business Plan Indesign Template.




 

Different ways to write and design a Business Plan

For now we will take this awesome template.

It is called the Business Plan Indesign STARTUPZ Vol1. You can use this to :

  1. Seek business partners / inverstors
  2. Market your services
  3. Teach the public

 

Business Plan Indesign STARTUPZ

Business Plan Indesign Template STARTUPZ Vol1 template is designed on Adobe Indesign Cs3.

You can open it up in version CS3 and higher.

You can also convert this template to Microsoft Word to edit it. It is up to you.

But the professional software for publication is Adobe Indesign. Ok let’s go.

 

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[Pg1] THE COVER

This is the cover of the Business Plan Indesign Template STARTUPZ Vol1.

business plan indesign template

( A ) Insert your picture here (A tutorial is given in the folder when you download the template how to insert pictures and how you can change the whole Yellow colour to the colour of your brand)

( B ) Place your logo, preferrably a white logo, it will look more professional.

( C ) Here you can leave the “BUSINESS PLAN”, or you can change that to anything. You can change the “INDESIGN TEMPLATE” by for example “SEEKING PARTNERS IN USA”.

( D ) Here you can write the contents what the plan says. Like :

  1. Executive Summary
  2. Business Summary
  3. Company Profile
  4. Clients
  5. Market Research
  6. Market Strategy
  7. SWOT Analysis
  8. Income Source
  9. Revenue Forecast
  10. Unique Selling Point

 

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[Pg2, Pg3] EXECUTIVE SUMMARY

The executive summary is a short, precise pitch to your business.

business plan indesign template

Page 2

( A ) Add a picture of the President / Founder of the company. Let us say it can be in his or her office.

( B ) Add your title like ” We are a Graphic Design Company” or anything you want to write. Add a picture of the President of the company again, here you need to add a “Profile Picture” or “Author Picture”.

( C ) Write a small company introduction.

( D ) Here you can tell people that you are “CALM” , “CREATIVE” and “FLEXIBLE”. Write 3 elements thats most describe your business about how you are different to others. Small and short.

 

Page 3

( E ) Write an intro about the services that you offer, it can be web design service, plumbing service, home builders, anything that you provide.

( F ) Insert pictures of your company here, or the workshop you work.

( G ) Here be specific about the services. Put the time you can deliver project; 1 week, 1 month etc. Put the price you normally charge for the job.

 

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[Pg4, Pg5] EXECUTIVE SUMMARY & BUSINESS SUMMARY

The Business Summary needs to be a short introduction of your mission, philosophy, for whom you are doing this business and why.

business plan indesign template

Page 4

( A ) Go directly to the subject. Say who / what is your business targetting.

( B ) Insert your pictures, can be pictures of your team.

( C ) Tell your potential business investors why you are targetting what you said you will target.

 

Page 5

( D ) Introduce the name directly and in depth. Insert a picture of your office or brainstorming activities.

( E ) Introduce your logo design, typography, icon, and if you are on Facebook, say it.

( F ) These are infographics can be used to determined “The Target Audience Percentage, Male or Female”, “Your expected profit”, “Percentage shares you want to sell”.

 

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[Pg6, Pg7] COMPANY PROFILE & CLIENTS

The company shows a little introduction about the staffs in the company, about their qualifications and awards. You need to show why you are the best. You also need to specify which clients you are looking for, are they young or old? Do they need to have money or no? And so on.

business plan indesign template

Page 6

( A ) Write a little introduction to show how you are the best.

( B ) Insert the pictures of your Designers, Engineers, SEO Experts etc (based on your industry). List their qualifications, awards & degrees.

 

Page 7

( C ) Specify who will your clients be. List their ages, status, country and so on.

( D ) Elaborate your clients details in this section and give reasons why you feel it is best.

 

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[Pg8, Pg9] MARKET RESEARCH

Your market research should be an extensive one. This will determine how powerful your business will be. It is the foundation of every business.

business plan indesign template

Page 8

( A ) This is a Vector USA Map, because the research has been focussed for USA. You can insert your own Australia Map, United Kingdom Map or anything in the business plan indesign template.

( B ) Write a little info based on the connection of USA & your business.

 

Page 9

( C ) Write numbers that are very important such as : “Number of People who have internet”, “Number of States in USA”, “Number of Male & Female” depending on which you want your Market Research to be.

( D ) Here write the analysis for different states of United States of America.

 

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[Pg10, Pg11] MARKET RESEARCH

business plan indesign template

Page 10

( A ) Here is an indepth market research of Texas State, the numbers are more concentrated for Texas. You can do for the other states if you want.

( B ) Remember the clients details that were targetted? Here these questions are being answered.

( C ) A graph showing the number of entrepreneurs / startups who wish to have their web designed. It can be Shopping Mall, TV Technicians, Waste Water Service and so on. (You can edit these depending on your business)

 

Page 11

( D ) When you presented your business to some businessmen in Texas, what did they say? Write it there.

( E ) The graph shows how many clients are can have in a year. Fill it so that it gives your investors a better idea of the importance of your business.

 

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[Pg12, Pg13, Pg14, Pg15] MARKET STRATEGY

The market strategy section will be which media are you going to advertise and why?

business plan indesign template business plan indesign template

Page 12, 13, 14, 15

( A ) Insert a picture of the media you want to market your business. It can be billboard, TV, Website, Radio, Newsletter, Brochure and so on.

( B ) Give some explanations why you prefer the media that you listed.

( C ) Write the numbers for the Media, example : “Billboard Impressions Daily = 18,000” , “Daily Website Visitors = 15,000″ and so on.

 

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[Pg16, Pg17] SWOT ANALYSIS & INCOME SOURCE

The SWOT Analysis is a comparison graph of your strength, weakness, opportunity, threats among your competitors. The Income Source is where your Cash In and Cash Out to scale your profit.

business plan indesign template

Page 16

( A ) List down your strength, weakness, opportunity and threats. Do for your competitors also. Rate them. Show your potential clients or investors that you are the best.

( B ) List down your strength, weakness, opportunity and threats in details.

 

Page 17

( C ) List your income source. Where will you get money?(Advertising, clients, referals) List your cash out also.(Pay employees etc). Lastly take your Cash In to Minus your Cash Out to determine your profit.

 

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[Pg18, Pg19] REVENUE FORECAST & UNIQUE SELLING POINT

business plan indesign template

Page 18

( A ) List down the sources where revenues will flow. Convince your potential investor / clients that your business will make big Money. Make a plan for the whole year, monthly wise.

Page 19

( B ) List down your Unique Selling Point. Why people will buy from you or hire you? This should be a Call-To-Action.