Question

Step 1: Introduction

Begin an introduction paragraph about how one determines if they are ready to be an entrepreneur and then describe yourself as an entrepreneur with an idea.

Step 2: Research and Answer

Answer the six guiding questions:

What types of tasks and/or work efforts are involved in transforming your unique idea into an entrepreneurial success?

What is the passion, or motivation, behind your idea?

What types of sacrifices would you be willing to make to transform your idea?

How would you work the time into your current schedule?

Do you know where to get the funding?

What do you feel is a barrier to your idea becoming an opportunity?

Elaborate and incorporate the key points with respect to entrepreneur readiness

Step 3: vConclusion Summary

For the conclusion summarize what you have learned about entrepreneur readiness and let the readers know if you would like to pursue (or already are) entrepreneurship in your future

Answer 1

Step 1 To be ready to become an entrepreneur one must dedication, hardworking, who can think differently (out of the box which we say), team player many more things. The most important thing is the person must be able to implement a plan because implementing the plan is really difficult while thinking about different plans is easy. If you are ready to put your career at stake and are ready to take risk and have the above pre-requisites you can be an entrepreneur. As an entrepreneur you always look for the problems in society which can be solved efficiently and productively and have the ability to reduce many labour hours by implementing it. You always look for alternative ways a thing can be done and try to reduce the labour hours attached to it.

Step 2 Efforts and tasks involved in your journey towards entrepreneur:

• Mind blowing idea
• A good presentation of your idea which can be presented to investors or mentors.
• A good team which can implement the idea.
• Enough financial support in case of emergency.
• Stable mind with confidence and patience.

Passion/Motivation behind my idea is my thinking power and the ability to reduce complexities in the specific sector which i am targeting. When i see startups emerging in the market which are solving just generic problems of the economy, i see goosebumps after watching their historical trends from where they started and the growth they have achieved in few years.

Sacrifices are always there when you wants to do something unique and extra which not everyone is targeting. If i go for entrepreneurship, i will sacrifice my Infant growing age (19-27 years), in which a person grows and laids foundation for his future. If this age passes, your caliber, passion declines (exceptions excluded). If it is successful i will shine like a star in the future otherwise i will be 5-7 years back in my life.

Time have to be managed with your current schedules plus according to me you an your team should be isolated from society in implementing phase. If you are isolated then you have even less hours to devote to it. According to it, it is possible in night hours, you just have to increase your working hours with maximum productivity.

Funding can be achieved through Angel Investors (who invest in you and your idea in exchange of equity), your own savings, bank loans, personal loans, reaching out to close friends etc.

Barrier i am facing right now is funding because money is everything. I do not enough savings to invest in it and not able to find a investor. Investors meet cost 1 INR which is a huge amount. I am savings from my own to start it.

Conclusion is that i will for sure try to become entrepreneur as this is the phase in which you must try something new otherwise one will always work 9-5 job or handle their ancestors business. My point is to try something from your own. Be your own Boss.