Understanding the Concept of Entrepreneurship

Sidd Pagidipati
3 min readFeb 5, 2020
What is entrepreneurship

The concept of entrepreneurship has been there since the start of time. While most think that the concept involves becoming rich and being your own boss, it is much more than that. In fact, those two outcomes are more of a side outcome than anything and they don’t necessarily happen for all entrepreneurs.

Entrepreneurship is a journey that allows you to be true to yourself. It enables you to share an idea or multiple ideas with the world giving you the power to bring a change to it, no matter how small.

How Does the Journey Begin?

An entrepreneur’s journey will always start with an inner calling rather than an idea itself. Most people think that an entrepreneur gets an idea that enables them to embark on the entrepreneurial journey. However, even before the idea, the individual needs to be brave enough to take the first step wanting to become an entrepreneur. Many entrepreneurs have started the journey without an idea off the bat and developed one as they went along.

It takes a lot of courage to embark on the entrepreneurial journey. You need to get out of your comfort zone and step into the unknown. Most that are used to getting a steady pay-check in their 9 to 5 job will find it difficult to do. You sort of need to kill your old-self to evolve into an entrepreneur.

It is important that you make your own journey rather than try to follow someone else’s. You can take into account the mistakes and successes of other’s journey but have to carve out your own to have a successful journey as an entrepreneur.

Face Your Fears

As you start your journey, you will need to overcome a lot of things but specifically fear. You will experience numerous fears that relate to failure, your insecurities will be amplified, you will fear not knowing when you will be paid next and so on. The dragon that is fear will need to be sleighed first.

To rid yourself of the fear, you need to embrace it. There is no way that you will get rid of all the fears that come so you need to learn to stay on the journey with them. In fact, the fear will help you lay down a more successful path for yourself. For example, the fear of failure will help you strive to do better and continuously work until your idea comes to life. You need to learn to use fear as a motivation rather than let it bring you down. Only then will you be successful.

Always be Willing to Learn

You can become the most successful of entrepreneurs but learning never stops. The great thing about being an entrepreneur is that you are constantly learning as you go and applying what you’ve learned. A successful idea today may become obsolete tomorrow, you need to learn how to adapt to the growing and ever-changing market. You need to stay ahead of trends and therefore constantly need to learn.

One great quality of successful entrepreneurs is that they soak up knowledge like a sponge but also know what is important and what isn’t. This allows them to not overburden themselves with the amount of information they need and lets them recall the important stuff to apply and help them through their journey.

The Last Thought

Remember that entrepreneurship is much more than becoming a millionaire. It is a way of life that helps you bring a change to the world. It enables you to bring a change that you would like to see.

--

--

Sidd Pagidipati

Founder and Chief Executive Officer of InventCorp. Co-Founder and board member of Simile Software. Made to the Inc 500 #7 in 2009. https://angel.co/siddp