Entrepreneurship : Complete Basic Guide

BizGuru.me – The word “entrepreneur” is echoing more and more recently. Are you among those who are interested in becoming a contractor? If this is the case, it’s a good idea to read the complete DewaWeb guide this time to better understand the basics.

What is entrepreneurship?

Entrepreneurship is an independent activity or commercial activity in which all resources and efforts are borne by the actor (called Contractor) to identify new products, identify new production methods, as well as the organization of operations and marketing and regulating their capital. The purpose of this activity is to produce something higher than before it is treated.

The following is an understanding of entrepreneurs according to experts!
The entrepreneurial is the innovator and individual development something unique and new (an entrepreneur is an inventor and a person who builds something unique and new) – Richard Cantillon, 1755.

Entrepreneurs are entrepreneurs who can manage their resources economically (efficiently and effectively) and a low level of productivity becomes high – JB Say, 1803.

An entrepreneur is a person who manages, organizes and is quite courageous to take all risks to create new business and commercial opportunities – F. Burgess, 1993.

Strengths and weaknesses of entrepreneurship

The benefits of being a contractor

• Here are the benefits if you are an entrepreneur:
• Open new jobs for the community
• Flexibility in work management
• Self-potential of self as creativity and so on
• Generate a huge amount of profit
• Have qualities of leadership in yourself

A lack of an entrepreneur

To be an entrepreneur also has disadvantages, namely:

• Uncertainty of time in revenue generation even after enterprise and management and responsibilities for leaders
• Risk of losing various types of investment
• The workload is heavier, even if the working time and the pace tend to be flexible
• Difficulty making important decisions as this greatly affects the built-in company
• The number of personal capacities that need to be honored such as human resource management, financial management, self-management (personal work-life balance)

Difference between contractor and independent

The use of these two terms rides often. However, when it is seen from existing understanding and general cases, the difference between entrepreneurship and self-employment is the mental attitude or the form of the company / operation.

The goal is that entrepreneurship is clearly an independent form of business by using. Meanwhile, an entrepreneur is a person who works under the direction of another person as boss / pattern.

Also Read: The Difference Between Stock Investing and Stock Trading

So, yes, simply an entrepreneur is a person who has his own business while a contractor is always “adhering to other people”.

Indeed, some experts in the business field themselves also support the meaning difference of both, but the difference is not significant. So, in a scientific literature or reading, the terms are sometimes used together. In addition to this, another interesting fact is that these two elements have the same definition in the large Indonesian dictionary (KBBI).

Entrepreneurial features

Usually, an independent contractor has the following characteristics:

• High awareness of taking the initiative to advance the company and to be responsible for everything that happens within the company
• The faith of his own abilities without being arrogant and ignorant. This includes great self-confidence and fighting power
• A strong desire to obtain maximum results of all efforts deployed
• Energetic, energy feels more than the average person
• Visionary, oriented towards the future and did not really remember gaps or failures of the past, focused on solutions
• Excellent leadership skills, motivation and organization. Be smart to entrust different jobs for other people and encourage employees to produce the best results