Entrepreneurship is the creation of values, especially commercial values, to translate into wealth. Entrepreneurship refers to the process of designing, starting and running a business,including risk taking and profit making.
An entrepreneur is an entity which has the ability to find an opportunity, act upon it, to createinventions or technologies in the form of products and services.
An entrepreneur is able to recognize the commercial potential of the invention, organize the capital, talent, and other resources that turn an invention into a commercially viable innovation.
Some Of The Most Successful World Entrepreneurs.
Bill Gates – $104.8 billion
The founder of Microsoft, Bill Gates is one of the most recognized names in the entrepreneurial world. He has grown his wealth over the last few decades and continually tops the list of the world’s wealthiest entrepreneurs.
His advice when it comes to new and old entrepreneurs alike is to analyse any situation from every possible angle, then make a decision and stick with it.
Jeff Bezos – $149 billion;
Jeff Bezos, the founder of Amazon, is currently the world’s richest man and one of the youngest men on the list of billionaires, at 56.
Amazon is just over two decades ago, and now one of the most valuable and most successful companies in the world.
Bezos’ critical piece of advice to anyone starting a business is to be a missionary (someone who loves and builds their customers and products or services) as opposed to a mercenary (someone who is obsessed with selling their company).
Mark Zuckerberg – $77.8 billion;
The Facebook founder is the youngest entrepreneur on this list and probably one of the most impressive, it has taken him less than 13 years to amass one of the world’s most massive fortunes which he did byfounding and growing Facebook, which is obviously the world’s most used social media platform.
His advice for founders starting a new business is to try to solve a problem and be passionate about solving that problem.
Larry Ellison – $59 billion;
Larry Ellison is one of the world’s best software salesmen, having built his vast fortune as co-founder of the technology giant Oracle.
One of his most famous quotes is: “great achievers are driven, not so much by the pursuit of success but by the fear of failure”. He believes an entrepreneur need to have the right mindset to achieve the success that some of the world’s most exceptional entrepreneurs have, and this is possible not by just aiming for victory but by letting the fear of failure drive you beyond your limits.
It is absolutely certain, that the richest people in the world are neither salary earners nor lazy. Entrepreneurship is the key to the acquisition of wealth, through taking deliberate wise decisions, wisdom to recognize opportunities and taking advantage of them. It involves dedication, risk taking, consistency and perseverance.
To become a successful entrepreneur, there’s the need to create a niche in the business world through unique goods and/or services needed by consumers.
To do this, you have to be sensitive and smart to identify business opportunities, fill the gap by providing the commodity or learn a skill to be able to make your own unique products available. Identify your goals, objectives, target market and value.
Entrepreneurship is a vital key to being self dependent, employed and wealthy.
Whatever business idea or skill you have, be inspired to start little today, with hard work, consistency and perseverance, you may just be one of the most successful entrepreneurs someday.