Entrepreneurship and why it is need in IT

“In order to succeed, your desire for success should be greater than your fear for failure”

Entrepreneur is a person who comes with his own idea and works to set up his own business. And takes financial risks in hope to profit. Being and entrepreneur needs some essential qualities. So far many of the tech startups are took forward by these kind of entrepreneurs. Maybe a white collar job can give high salary good status. But it is something like we are imaging ourselves as a super cool. But actually even after a long we are going to be in the same place as we started and doing the same routine tasks. Being an entrepreneur is something beyond I needs lots of work and lots of failures have to be faced. Even the success is not achieved so quickly but it is significant comparing to doing the same role all the time.

There are plenty of disadvantages in being an entrepreneur

  • Uncertainty of income
  • Long hours of work
  • High risks
  • High stress until reaching the stable state
  • Lower quality of life until success
  • High responsibilities
  • Confrontation with various risks

Taste of food depends on how carefully it is made. Likewise there are many advantages or benefits an entrepreneur has

  • Having an opportunity to create own destiny
  • Having an opportunity to knowing themselves
  • Own boss
  • As loss, revenues also a solely asset
  • Job security
  • Self-satisfaction
  • Recognition

And also these benefits and disadvantages arises so many qualities to become an entrepreneur

  • Leadership
  • Patience
  • Skills
  • Accepting the failure and moving forward
  • Motivation
  • Passion on what we are doings
  • Durability
  • Strategy making
  • Organizational skills

Now the time is moving toward the peak of digital era. A digital revolution is going on. Since the technology is developing day by day and automation of things is needed it opens a fortune door for IT people. Because each and every day people are looking forward for some innovative ideas to solve the problems which they are facing in real time. So it is like first come first serve, the one who is coming up with an innovative working idea can capture the market and success with business. There are many investors waiting to those people. All they need to do is convincing the investor that the idea is profitable and working hard to make it profitable. All famous IT companies like Facebook, google, apple all were started like this. There are many entrepreneur working all over the world to make the world a better place. Now it is your time. Don’t worry how many times you fails. It will take you to the success. Because you are an ENTREPRENEUR…!

Mathanraj Sharma
University of Jaffna

first you need to plan before start the business

One Response

  1. Nayananga November 15, 2017

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