Reasons for and against Entrepreneurship

From LinkedIn: Arti Bakshi Regional Head at Laurent And Benon Management Consultants Ltd

Shaping your own business is like planting a tree. You plant it with
utmost care and supply it with its basic needs and use the best quality
products so that it flourishes to give you sweet fruits. A small
mistake here and there can lead to its death and you lose something
very significant to you.

To initiate a business first of all you need to have a commendable
idea. Even if you imitate something that others have already done, your
business should be novel in their comparison so that customers are
inclined towards you. This theory of having a cutting edge concept is
difficult to achieve. What attracts you may not attract your customers.
Apart from having a unique idea, it is also vital to have the knowledge
of procuring clients. This is the major reason why businesses fail.

Acquaintance with marketing and financial techniques is also
required. Research is another aspect that you need to cover. Because
business involves many things at a time, the failure rate is optimum.
In the initial years you have to invest more than you gain and the
returns will be double of your investment or half cannot be judged by
you. Hence it is said that business is risk.

Being on the top comes with a price. You stand alone at your
position and loneliness can encompass you. There is no job security and
your career can transform from profits to bankruptcy. Business can give
you shocks, both positive and negative.

The best part about entrepreneurship is that you get to be your own
boss; you would be responsible for shaping your destiny and can take
home the maximum share. With business comes lot of responsibility and
lots of pride. To be successful in what you have created is worth an
appreciation. The number of people you encounter is more and this can
make you famous. Also your consummation motivates others to imitate you
and that is something commendable.

It involves meeting more people and this can add to your erudition.
You can decide when to work and how to work so that a balance between
work and family can be achieved. You might have to shell out more time
as compared to your employees but you can compensate that with
vacations whenever favorable to you.

A successful business demands a courageous decision. To open a shop
is easy but to keep it open is an art. Unless you possess the art, the
risk factor exists.