Entrepreneurship has been described as the willingness and capacity to develop, organise and manage a business venture along with its sundry risks…its aim is to make profit.
Due to the risk involved in launching a start-up business, a lot of people decide not to venture in it at all. A few that surmount the courage to launch out have had their skins burnt due to lack of funding, bad business decisions and economic crisis or a combination of all these.
In plain terms, an entrepreneur is a person who starts, organises, manages and oversees the launch and growth of an enterprise.
It is obvious today that all around the world, there seems to be an economic crunch permeating countries. In fact, organisations are either laying off their excess staffs, outsourcing some of their functions or have placed an embargo on the employment of new staffs.
Entrepreneurship is therefore the answer to the myriad questions of unemployment. However, there is a preponderance of fear in the minds of people today.
This fear includes the fear of starting the business, the fear of failing, the fear of evolving and so on. Most especially the fear of starting a business can hinder any potential entrepreneur from turning his or her dreams into reality.
If an individual is afraid of taking the necessary action to achieve goals and realize a dream, there is a tendency that he or she will end up struck with a limited mind-set, even with that, it doesn’t guarantee a successful business.
Youths today need to be enlightened about the reason why they must embrace entrepreneurship.
First, it makes you a job creator. It is a job to find a job especially with the “encouraging” economy of our country.
A lot of people overtly depend or rely on the government for everything; they seem to have an entitlement mentality. The truth still remains that the government CANNOT satisfy all our needs and cravings.
Also, we must embrace entrepreneurship because of the urgent need for creativity. With the paucity of jobs in the labour market, it is imperative that people are able to create jobs themselves. They often times need more than just their skills and personal initiative to transform their idea to consumer products or services, there is a need for creativity.
A case study of BILL GATES:
He started a small company called Microsoft (which today is not only the biggest tech company, but also among the top ten companies in the world) with the dream of changing the way we use computers. His dream became a reality into success and today, Microsoft employs over 100,000 people worldwide.
Also, in some developed countries, parents encourage their children on how they can be creative with their gifts and talents rather than focusing only on or pursuing a good certificate.
Furthermore, entrepreneurship can also have a social perspective, especially social entrepreneurs who focus on solving social problems…whether it is to alleviate poverty or to advocate climate change.
Moreso, the thought of starting your own business can be a little scary, still you have to pursue your passion and change the world by your creativity which is the most important reason to give it a go or to embrace entrepreneurship.
As an entrepreneur there is tendency or possibility that you will fail but don’t be embarrassed by your failings. As Hemingway once said, “there is nothing noble in being superior to your fellow men. True nobility lies in being superior to your former self.”
Well, the percentage of entrepreneurs in Nigeria is low compared to other developing countries; very few Nigerians can boast personal or family capital to start-up a meaningful business.
Most of the graduates today are jobless due to lack of job opportunities and personal creativity. It is crucial for our generation to learn the importance of entrepreneurship in order to transit successfully from being job seekers to job creators.
