An entrepreneur is a person who takes a huge initiative to start a business and create a company and cause to create a change in society. Over the past 5 years, we can see many entrepreneurs have come up and have impacted many lives and also society. Why only a few entrepreneurs get success when compare to others?
The reason is simply many of the entrepreneur do have ideas but not innovative and also it’s less effective than other competitors present in the market. The best example is Snapdeal, which was considered as one of the top competitors to the companies like Amazon, Flipkart. Due to a lack of innovative ideas and bad decisions the companies outreach and popularity declined.
An entrepreneur is not only responsible for starting a business but has a huge responsibility of hiring the right candidates for the roles in the company. With this, they can make sure they get maximum output from their employees, and also it setups the work culture in a company.
Let’s talk about Elon Musk, one of the most successful entrepreneur his company are:
- Tesla Motors
The list goes on, as we all know this is the famous companies come under him and the average time taken him to start each company is around 9-10 years of hard work. This took time as he was working on such big projects and which we were going to see the first time in the market and with the development of technology his company shaped.
Now the point is how should an Entrepreneur spend his/her time on a startups?
When your idea of a startup or your product which is easily available to your customer for which is easy to make should not take time to start and should be planned well.