Week 1- My Entrepreneurial Journal Blog
This week we talked about what it means to be and Entrepreneur. The word entrepreneur by definition means “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” Throughout this week’s readings I couldn’t help but notice the emphasis that nearly all the articles we read had about the amount of struggle and and financial burden that will be place upon anyone trying to start a successful business as an entrepreneur. It seems as though it’s just a fact of life that struggles will come, which is true, but much more so in the business world of your life.
Having worked with several single employee startup companies where I was the only employee, I did think back to the struggles that were there, and as I’ve grown older, I seem to be making connections as to why certain circumstances during my employment were stressful to the boss.
One of these startups has become an enormous success and I’m sad I’m not still employed there but it seemed there were other things I needed to learn in my life and that it was necessary to move forward with different jobs. I’ve been able to learn a lot about entrepreneurialism through my various employers but I feel that I am still very curious about how they were able to ‘make it work’ though all the challenges they faced. I feel proper schooling will help me learn the details that it takes to create my own business and do so in ways that will allow continued growth over an extended period of time.
It’s hard to keep up with trends and to be flexible enough to drop what you’re currently pursuing in order to be the leader in another, albeit potentially hazardous, industry or division. I think risks are usually worth facing, but when you have a wife and kids to take care of it can be a dangerous goal.
I’m looking forward to learning all I can so I can mitigate those potential hazards and build a successful business.