Being an Entrepreneur

Entrepreneurship is motivating force to face risk and work harder and faster for ultimate success. By definition, entrepreneur is risk-taking businessperson: somebody who initiates or finances new commercial enterprises. As risk and reword are directly related, there can be huge reward for entrepreneur at the end. There is always a chance of failure when you take risk. Some of the facts are as following:

1.      Only 1 in 6,000,000 high-technology business ideas wind-up in an IPO;

2.      Less than one percent of business plans received by venture capitalists get funded;

3.      Founder CEOs typically own less than 4 percent of their high tech companies after an IPO;

4.      60 percent of high tech companies that are funded by VCs go bankrupt; and

5.      Most high tech companies that succeed in having an IPO take between three and five years to get there.

In conclusion, there are very low odds of succeeding in this field. Many very successful entrepreneurs have also faced difficult times, frustrations, burnouts etc. due to the nature of the business. There are specific qualities of entrepreneurs. They need to be motivated, passionate, focused, courageous, futuristic, and leader like qualities.


This brings us to the BIG questions, then why be an entrepreneur? The answer is very simple. The risk that we talked about pays in the form of freedom, creation of something novel, and building long term value. Entrepreneurs crave freedom. They like the idea of being your own boss and having flexibility but it comes with have a lot of self-control and structure. Other reason for being entrepreneur is the passion for solving problems or creating something futuristic in general. This can give you a comparative advantage and build long term value which directly results in huge cash.