Entrepreneurship Is Not Just About Innovating
Innovating is a great quality that every entrepreneur must possess for sure. The ability to innovate makes you unique and successful in your entrepreneurship mission. However, all innovators cannot just make a successful entrepreneur for the simple reason that entrepreneurship calls for a set of entirely different skills. Here is what we must reflect in these lines.
We often hear people saying that you need to be original and innovative to be a successful entrepreneur. While this statement makes a lot of good sense about entrepreneurship, we must not forget that entrepreneurs must also be able to make things happen. Some of the qualities that will help make things happen in the domain of entrepreneurship include focus, perseverance, flexibility, and diligence. Though the journey of an entrepreneur starts with an innovative idea, the entrepreneur must be able to take those ideas and make them impactful. To be successful, every entrepreneur must be willing to take challenges and adapt the plans to address the problems that might come on the way.
We see a lot of top innovators in every industry domain get hired by large companies. These people are also rewarded with fat paychecks to match their contribution to the firms they work for. Some other innovators are seen joining some startups and give their bit to the concern. Our study of the industry reveals that most innovators end up working for a company rather than turning to be successful entrepreneurs. This is because building a company calls for an entirely different set of skills than being able to invent some idea, thing or concept.
Academic grades can never take you an inch forward in your entrepreneurial mission. The qualities we must appreciate in entrepreneurs include resiliency, curiosity, resourcefulness, tenacity, passion for products and customers, pattern recognition and others. We must never forget that large technology startups were founded and built by a team that was led by an entrepreneur and not just an innovator.