One important characteristic of an entrepreneur includes the willingness and natural creativity to make decisions despite the lack of solid data. An entrepreneur may be driven by the need to develop something new or create something tangible.

1. What is Entrepreneurship?
One important characteristic of an
entrepreneur includes the willingness and
natural creativity to make decisions despite
the lack of solid data. An entrepreneur may
be driven by the need to develop something
new or create something tangible. As a new
enterprise has low rate for success, a person
in this role should have considerable
persistence as well. He or she may have the
highest probability of success by focusing on
a market niche either too new or too small to
have been dominated by businesses that
have been around for years.
A lot of societies value entrepreneurs and the spirit of entrepreneurship. To motivate their
activity, several entities including the government may arrange access to tax exemptions,
affordable capital as well as management advices. For instance, some schools establish
business incubators designed for those who hoped to turn research into salable and profitable
products. The availability of these new technologies can result to the development of industries
that offer jobs and income. It is not easy to be an entrepreneur but once you get hang of it
and establish a good system and good strategies then you are in the right track of being
successful.
Entrepreneurship is not just about running a business though these two may significantly
overlap. Many entrepreneurs are independent that can create problems when their ventures
become successful. In smaller enterprises, usually they are able to manage most aspects of the
business personally but often, this is not possible after the company has grown. Conflicts on
management may arise when entrepreneurs fail to recognize that running a stable company is
different from running a company that is growing. Often, the problem is resolved by
entrepreneurs either leaving to start a new venture or adjusting to their new set of priorities. As
an aspiring entrepreneur, you should be prepare yourself and be willing to learn all of these
things.