REPORT

Topic:
What it takes to become entrepreneur?
Submitted to:
Miss Sidra Sibghat
Submitted by:
Shahroz Aslam
Registration:
2019-ag-6931
Department of IBMS
University of Agriculture Faisalabad
Topic: What it takes to become entrepreneur?
Summary:
Entrepreneurs are entrepreneurial, as opposed to managerial or strategic,
because they think effectively. He believes in a future that can be largely
shaped by human action. And they understand that as far as this human
process can control the future, they do not need to expend energy.
Introduction:
Entrepreneurs have the potential to make the world a better place on
many fronts. Not only can they meet the financial needs and make the
customers happy but they can also help their employees to reach their full
potential.
Specific purpose:
A great entrepreneur must be able to effectively communicate, sell, focus,
learn, and strategize. An ability to continuously learn is not just a key
entrepreneurial skill, but also a very valuable life skill. Growing a business
requires a sound strategy based on inherent business sense and skills.
Body:
One of the most important elements of successful entrepreneurship is to
loving what you do .This means not just a love for doing business but also
a passion for your specific field. You are all likely to spend your free time
to brushing up you skills or thinking of ways to attract more clients. Those
who love what they do are also more likely to deal with failure
constructively learning how to do better rather than getting discourages.
Effective business people spend every moment trying to get results. They
constantly look for opportunities to grow their business and work hard
whenever the opportunity arises. Constant action does not mean that
unwise decisions are necessary in business. What this means is that we
are basically productive all the time so that whatever you do contributes
to your goals.
Successful business people regularly define their business goals and develop
detailed action plans to achieve them so that they can focus on their actions towards
lasting positive results for the company. A glimpse into the planning that you will
always have a clear idea of what you want to do next and a better idea of how
individual decisions fit into your broader strategy. Commitment to planning for a
long-term vision or strategy is so important that sooner or later something will
happen that you did not expect a successful entrepreneur to respond to without
hesitation. Will When they become unworkable and make the necessary changes to
cope with any new developments, they are able to adjust their plans.
Honesty is not only a moral virtue but also a practical necessity in the business
world. Employees, suppliers, consumers and regulators all need to know that they
can trust you. If they know you are misrepresenting, they will refuse to cooperate
with you. Dooming your business in the long term you best have to have a
reputation for honesty and integrity and there is no reliable way to secure that
reputation other than to actually being honest. Honesty is not only a moral virtue but
also a practical necessity in the business world. Employees, suppliers, consumers
and regulators all need to know that they can trust you. If they know you are
misrepresenting, they will refuse to cooperate with you. Dooming your business in
the long term you best have to have a reputation for honesty and integrity and there
is no reliable way to secure that reputation other than to actually being honest.

Conclusion:
Being an entrepreneur requires taking on significant responsibility and comes with
significant challenges and potential rewards. Entrepreneurship is a mind-set, an
attitude; it is taking a particular approach to doing things.