7 Things an ENTREPRENEUR TO BE should know!

After coming across and interviewing a few successful start ups and doing a lot of research work on entrepreneurship, well I have realized there are a lot of things an Entrepreneur To Be should know. To sum it up, these are the seven points they must know.

1. Have a burning passion for it.

Firstly, what you think of doing should be your ‘first love” and above everything else. As your journey wouldn’t always be a smooth one and the only thing which can keep you stuck to it is your passion towards it. It would be your motivation to keep it going and innovating it during the toughest of all times. So go ahead with you striving passion and no obstacle could stop you from doing it. You’re ready to fight it, come what may! 
As Steve Jobs has said "The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle!"

        2.   Reality check!

Carry out a market research and try finding out whether your work would really be appreciated. Know where exactly there is niche in the market and what benefit others could  derive from your work. Try out new ways by which you could create a demand which never  existed before and once it does, it gets viral! As that’s what entrepreneurship is all about : exploring an unblemished area.  

3. Dream to reality – The conversion.

I’m sure you just don’t want your dream to remain a dream itself and be elated just by its imaginations. So kick off the laziness inside you and get started. Initially it would be very  confusing for you to know where you should lay your first brick but that is what makes you an  entrepreneur. You, yourself are the only one who must take a step further as, an entrepreneur leads the way which others follow. Rome wasn’t built in a day. Initially you might have to do small things here and there which you never had thought of.Never the less that would be the first step towards your dream.Like Steve Jobs initially sold parts of micro processors collected from junk, could one ever imagine it would lead him to be the founder of  Apple Inc.? Well as said, it is all about your passion.  

4. It is never too late.         


       Many people regret as to how amazing it would have been if they would have initiated their work much earlier.But be it at the age of 12 or 68, it is never too late.  Brian Acton and Jan Koum had invented the instant messaging application- Whatsapp in their late thirties.The founder of Mc Donalds started his business at the age of 59, while Colonel Sanders founded Kentucky Fried Chicken at the age of 62. So never think “I’m too old now to do anything like this.” The right time is when you have a strong determination to do it. 

5. Willing to take the risk!

     An Entrepreneur should be willing to lead The Road Not Taken. As T.S. Eliot says “Only those who will risk going too far can possibly find out how far one can go.”  The biggest risk of all is not taking any risk! There is no surety that success would be granted at one go, but at the end an entrepreneur is rewarded for the risk he takes. Foster the belief in what you are dreaming so that it becomes a reality.  

  6.  Face the failure!

       Things do go wrong. Mistakes are bound to happen! The skill of an entrepreneur shines when he learns from his failure. The greatest motivation for him should be his failure. In reality things would not always work as you had wanted it to happen, so be ready to face the failure and have the strength to get up and walk again with confidence. A very big example for this is Sandeep Maheshwari, the founder of Images Bazaar, who did not give up due to his continuous failures but instead learned from them and inspired others too.Even Steve Jobs had a horrible failure with the NeXT company and many more but never gave up and  ultimately at the end he was successful 


7. Know why are you doing it.

       Work is worship! So know an entrepreneur needs to know his work in and out, the very crux of it so that only he could be a master in it. In a recent university study it was known that  100% of the organizations know WHAT they  do, some of them know HOW to do it while a very few know WHY they are doing it. When you know the reason behind your work, you will focus on the right place and not divert your mind while you comes across the hurdles on your path.       

So discover the entrepreneur inside you while you keep the above 7 points. Once that's done, do write us your story at pallavi@thewowstory.com.





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About Pallavi Behani


  1. These are the entrepreneurs of the future. Obviously this group is much smaller than the first two mentioned there, but that is down to how their parents were raise.next

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