What is Entrepreneurship? 5 Benefits of Entrepreneurship?

What is entrepreneurship? Recently, we often see and hear about small businesses, people who have opened stores with various products and services to sell digitally, and multiple accounts opened under the title of entrepreneurship on social media. We wanted to introduce you to this community, which has grown even more in the order of the pandemic. In this article, you will be able to learn what entrepreneurship is, and if you are a new entrepreneur candidate, you will be able to draw an easy roadmap with the ideas we have compiled for you.

What is Entrepreneurship?

Entrepreneurship, in the simplest terms, is the breakthrough of realizing new business ideas as projects, which are created with the aim of profit and with multiple risks, using financial opportunities. Entrepreneurship can be done for the benefit of the individual, or it can be social enterprises for the benefit of society. For this reason, entrepreneurship is not a field that can be managed only with commercial concerns.

Who is an Entrepreneur?

Entrepreneur is defined as a person who deals with a business in the literal sense of the word and who starts a business. It is the job of entrepreneurs to bring together an idea and a vision by evaluating the best conditions in order to produce goods and services. While other people are only interested in the negative dimensions of events, people with an entrepreneurial spirit find solutions by contemplating how these negative dimensions can reach positive dimensions.

Taking big risks is the key step for entrepreneurs. There are very few examples of enterprises that will not succeed with good planning, a vital idea and disciplined work.

What are the Characteristics of Entrepreneurial Persons?

• It should be able to take firm and courageous steps in the initiative and business establishment activities it will take.
• The product or service to be marketed should be a business in which he is confident and knowledgeable.
• He should have foresight about the future of his business.
• They should be able to take a step back when necessary, start from the beginning when necessary, and take full responsibility for them.
• He should be able to analyze the results of his work well.
• Must be able to motivate others.
• Must have leadership qualities.
• Must be good at human relations and communication.
• He should be able to listen to others.
• Must have planning and organizational skills.
• Must be good at financial management.
• Must love to research, must be able to constantly learn something new.
• It should be able to follow the developments that concern everyone in the world or that concern the sector.

What are the Benefits of Entrepreneurship?

• The entrepreneur helps to improve both his own economic situation and the economic situation of the country.
• Every new venture idea can be large enough to create employment for many people. In this way, the entrepreneur contributes to the decrease in the unemployment rate of his country.
• With the contribution of their open-mindedness, they came up with ideas that no one thought of, technology, economy, etc. contribute to the development of such topics.
• Many innovations in the world have been created by the work of an entrepreneur.
• Thanks to entrepreneurship, which we say can be done in social areas, positive results can also be obtained in social events.

What are the Entrepreneurship Examples from the World?

Alibaba

Alibaba, one of the most valuable companies in the world, is an e-commerce site founded by Jack Ma in 1999. Jack Ma, who started to work as a tourist guide after a school and business life full of failures, took the first step to add the products produced in China to the world market by learning languages ​​from the tourists he hosted. Alibaba, which was a site that only gave information about the products but did not sell in the first years of its establishment, has become a huge platform where all kinds of products are sold today.

Amazon

Founded in 1994 by Jeff Bezos, who noticed the growth rate of the internet early on, Amazon is an e-commerce site. Established as an online book sales site in the first place, Amazon currently allows product sales in many categories.

WhatsApp

Jan Kaum, who grew up in a house with no running water in the Ukraine of the Soviet Union, noticed a gap in the AppStore and founded WhatsApp with his colleague Brian Acton in 2009. WhatsApp was acquired by Facebook founder Mark Zuckerberg for $19 billion in 2014.

Chobani

Hamdi Ulukaya, born in Erzincan in 1972, was a member of a family that produced yogurt and cheese. Ulukaya, who saw that the yoghurts here were terrible when he went to America, bought a facility belonging to Kraft Foods and started to work. Chobani, which initially had only 6 employees, is now a startup that employs hundreds of employees.

Udemy

Having been accepted by world-renowned universities such as MIT and Harvard, Eren Bali opted for METU and received her education in Turkey. After graduation, he went to Silicon Valley and met with many investors to establish an online education platform, but was rejected by 57 investors within 6 months. The venture took action when Dave McClure believed in Bali’s idea and invested $1 million. Thanks to the mandatory lockdowns during the pandemic, interest and demand for Udemy has increased.

Martı

Martı is a Bursa-based initiative that has been mobilized by domestic capital. Born as a solution to the time lost in transportation, Martı was founded in 2018 by Oğuz Alper Öktem and Sena Öktem.

As these examples can be multiplied, you should not ignore the possibility that one day your name and initiative may exist in another article. Embark on this journey with a bold step.

Supsis Live Support System is with Entrepreneurs!

As Supsis live support system and communication solutions family, we are always happy to support entrepreneurs. We offer our system free of charge to many startups and startups. By supporting their communication with customers and members, we support them to accelerate faster. If you are an entrepreneur or a startup, you can benefit from our system for free. Supsis is always with you!