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Entrepreneurship, a freedom space?

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Steve Jobs, founder of Apple, a successful entrepreneur.

If some of you are entrepreneurs, you have probably already heard some people saying that when you are entrepreneur or self-employed, you are free to do what you want. Is it true or is it an idea shared by people dreaming to become entrepreneur but who are scared to start such adventure?

To become an entrepreneur is not only a change of social status. The first question to be put is what I want to do in my life, what are my interests, for which reason would I become an entrepreneur? Is it to have a better life, to earn more money, to work in a way you like to work? These are the main questions to be asked because your professional and entrepreneurial life will be a part of your personal life and will have interaction with your private life.

To become entrepreneur means that you will have to manage a range of things. This is an important change compared to an employee. When you work as employee in a company, you are only taking care about the things under your responsibilities. If you are responsible for the accounting, you will not take care about marketing or IT aspects. When you are self-employed, you have to manage everything. You will probably delegate some tasks which are not your core business to more qualified contractors, but do not forget that you have to hold the lead of what you are subcontracting. You are the boss, the owner of your own company and you have the responsibility of the whole processes.

Be aware also that your life as entrepreneur or self-employed will be a range of successive projects. And as you know, a good entrepreneur has always one or two projects in advance. We are living in a fast moving environment, implying to offer the better services based on up-to-date competences. It means that the training aspects are important, and you have to forecast regular training sessions, or time dedicated to read documentation.

And what about the financial aspects? Often, I heard some entrepreneurs having good projects, having customers, who felt in bankruptcy because they neglected the financial aspects. If you are looking to the last 30 years or more, you can see that the trend of the economy is going up and down. When we are in a positive trend, put your earnings in reserve in order to be able to face the more difficult period, and in order too to invest in research and development, to offer new innovative products and services.

Is entrepreneurship a freedom space? It is a fact that by discussing with entrepreneurs, we brought up to the fact that to be entrepreneur gives you the opportunity to realize your project without to be blocked by “political” constraints. By defining a project and fixing objectives, you will be free to choice the most appropriate way to your eyes, to realize the project and to reach the defined target.

The freedom you have to choice the way you will lead your project allows you to be creative, and creativity is a freedom you decide to take. Does it mean that you have all the ingredients to realize your project, by having only the freedom to realize it and to create something? You will probably need some partners, financial partners or technical partners in order to realize the parts of the project you cannot do yourself. These partners will have to be convinced by your project, your ideas. The presentation aspect of your project is important, and it takes a lot of energy and effort to convince the others to support your project, even if you are convinced yourself, which is a necessary condition.

All of us, we saw successful entrepreneurial projects, which are the fruit of efforts and determination. But we saw also other failing projects. To be entrepreneur means always to take some risk. You can of course calculate and evaluate the risks you are or you want to take, but there are always parameters you cannot have under your control. The risk will be also proportional to the scope of your project. It depends also the level of your target and objectives which will be also proportional to the scope of your business. If you want only work 3 days a week instead of a full week, you will earn less money, or you will have to provide higher quality level services if you want to earn the same amount. In this case, you see a proportion between the level of added value services and the income you want to get.

By conclusion, I would say that entrepreneurship is a freedom space, but the most important is to know how you define the freedom. The only freedom you have when you are entrepreneur, is the freedom to choose your constraints.


Written by Eric Saint-Guillain

August 19, 2010 at 22:49

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