In this blog, we covered everything you need to know about the Importance of Entrepreneurship and its development in a story format where we covered, entrepreneurship meaning, the qualities of entrepreneurship, the importance and role of entrepreneurship, entrepreneurship examples, and entrepreneurship books, etc.
If you are one of those many people who dreamt of being an entrepreneur, congrats you have landed on the right page.
Authored by DALE CARNEGIE.
As per the title of the book, we can understand what the book is about, it is about how to improve our communication and networking skills which are the major key skills to run any business successfully.
Business is all about the interaction of people and fulfilling their needs and wants.
This life-changing book costs you 300 INR.
2. THE LEAN STARTUP.
Written by ERIC RIES.
This is one of the basic books to read because this book saves you lot of your time and energy as it focuses on why most of the startups fail and how to let it from not failing, the author mentioned few principles too to be good in business,
This is another life-transforming book that costs you 300 INR.
3. THE 4 HOUR WORK WEEK.
Authored by TIM FERRISS.
The book focuses on how you can use smart strategies like outsourcing and make it automated.
This is a must-read for all the aspiring entrepreneurs as it is available at a cost of 300 INR.
4. THINK AND GROW RICH.
The author is NAPOLEON HILL.
This is one of the few legendary books which is a result of 25 years of author's experience. It is about revealing the so-called success secrets of the highly successful people in the early 19's like Andrew Carnegie, Henry Ford, Thomas Edison, etc.
This is a must-read for everyone at least once in their life which costs 300 INR.
5. THE EXECUTION FACTOR.
The author is KIM PERELL.
This author is a successful start-up entrepreneur written about 5 traits for how to accomplish any goal and dream. As per the author, execution is the key factor between success and failure.
This book is also one of the key basic books to read which costs 1000 INR.
However, you can check out clicking here top books to read for every entrepreneur.
ENDING REMARKS.
After all of the discussion with David, Tom went on for serious decision and started his own business at 38, thankfully due to advancement of the technology there are many new business ideas you can start online and business ideas offline he could start with lower investment and higher profits with lower risks which turned out to be a blessing to Tom.
And as time passed Tom created multiple sources of income and started living a life he dreamt of in his childhood.
In this way, you too can start your own business irrespective of your age, ''it is better to be late than to be never''.
Always remember ''The biggest sin in financial life is depending on a single source of income which requires your involvement''.
Check out our previous blogs by clicking here top business ideas to start online and best business ideas to start with low investment in 2020. which will definitely help you figure out which business to do.
Please comment on whether you related the story mentioned in the article or not and let us know if you have any questions, doubts, and queries in the comment box below.
Until next time. GOOD LUCK.
If you are one of those many people who dreamt of being an entrepreneur, congrats you have landed on the right page.
Here is a summary of what you will find later in this blog.
A STORY OF 2 FRIENDS.
ENTREPRENEUR JOURNEY.
WHAT DOES IT COST TO BE A SUCCESSFUL ENTREPRENEUR?
WHY ENTREPRENEURSHIP IS IMPORTANT.
BEST BOOKS TO READ FOR ENTREPRENEURSHIP.
ENDING REMARKS.
Please make sure to read the blog till the end and we assure you that you will rethink all your dreams again.
A STORY OF 2 FRIENDS.
Here are two guys ''TOM AND DAVID'' who are childhood friends living in a remote village, both studied in the same school got a degree in the same field of knowledge, and came to the city for employment.
Both are married and well settled in the city and both were working in well-reputed companies in the city and slowly time passed by. With the increase in expenses of daily life and inflation, both realized one common thing which is that they are going nowhere, no growth in their lives, like nothing.
On one fine day, they met at a temple sharing their problems where Tom was still stuck in that comfort zone of that job though he had a dream alike to David of starting a business but had no courage and guts to resign the job to pursue his dream whereas the David showed the courage of leaving the job and started his business at 33.
Tom compromised long term happiness in life with his paycheck he was satisfied and lived an ordinary life whereas David struggled immensely in the first few months of starting his business, it was really tough for David, he failed many times in his business but never gave up his dream of an entrepreneur.
As time passed, Tom was frustrated with the increase in responsibilities, expenses, workload, social pressure, inflation, etc for all of which his earning was not at all enough then slowly to cope up with all that pressure he started drinking alcohol and smoking cigarettes. His health was ruined like his career.
On the other side, David bought himself a bungalow, luxurious car and created a passive income source through his businesses, to compare like earning of David in a single day is equal to Tom's 4 month's total earning.
David's earnings are all passive income sources which means even when David is sleeping he's earning money.
One day both the friends coincidentally came across in a hospital where both sat at tea hub outside of that hospital and Tom said that his mother was sick for last 6 months and from last couple of weeks her health was deteriorated so I admitted her in this hospital meanwhile all his savings are spent to recover the health of his mother but found useless and he's borrowed money from his relatives to pay the medical fees of his mother.
Whereas David said that he came to the hospital for a donation for deaf children fund campaign running in that hospital.
Here we can see both started their careers from the same place but only a single choice turned their fate upside down.
Tom asked David what are you doing these days and David replied I am a businessman running a couple of businesses. Watching the clothes and costly accessories that David wore, Tom asked in curiosity how much you earn a month, David with a slight smile on face replied my 1-day earnings are equal to your 1 quarter income.
Tom was awestruck and in grief, he went to look after his mother, and David moved on.
After a couple of weeks, due to not paying the loans and EMI Bills Tom's house was ceased by the government officials, he went on barefoot to his friend David's office for some financial help. David Hugs him looking at his bad condition helped him providing some financial help.
Then after all this drama got completed and his mother started recovering, Tom went to David to meet him personally.
ENTREPRENEUR JOURNEY.
When Tom met David to talk about his career and take advice and learn the journey of David and then David said that in the initial months after quitting his job to pursue his dream of being the entrepreneur he faced many problems, actually, it was all new scenario to him which he never experienced before and then spent all his savings compromising with his needs and basic wants into the business which failed multiple times
At one phase of his life, David actually went into depression as whatever he was attempting to do but failed miserably but with the help of his wife and parents, he recovered and bounced back.
Slowly as time passed David said that after a year of his business started working fine, he learned few skills and upgraded them regularly and read books on self-improvement, etc.
He became disciplined in his work.
He said many see my success as an entrepreneur earning income in a single day which is more than most of their 1 quarter's income but only a few realize the effort I kept behind to let it happen.
Tom got emotional, then to eliminate the excuses of responsibility and age which could arise in Tom's mind David mentioned the entrepreneurship examples like AMAZON Founder Jeff Bezos who worked in a good tech company before then he started selling books online realizing its potential and with his few smart choices and decisions he made in the past, at present he is the richest person in the world with $113 billion Net worth.
If Bezos was stuck in his comfort zone of job like Tom did he would not have become what he is now and would be in a miserable state in financial matters.
As Tom listened carefully to David, he then spoke about Colonel sanders in 1952 at the age of 65 started the KENTUCKY FRIED CHICKEN. At the age of 65 when people plan for their post-retirement life, this guy started a business which now emerged as one of the multibillion-dollar business.
What excuse do you have to defend yourself ? said David to Tom.
As per David people like Tom in the majority fail in the financial aspect of life because ''they depend solely on a single source of income for their whole lives which are considered one of the biggest sins for the financial life'' and they don't know how to get financially independent.
WHAT DOES IT COST TO BE A SUCCESSFUL ENTREPRENEUR.
When David was asked by Tom what did it took for him to be the person he is at present.
David said that it took him everything. He said I sacrificed many things in the journey of entrepreneurship to reach the destination of where I am right now.
When anyone starts thinking in a way of DO OR DIE then his best will slowly be revealed by itself.
Entrepreneurship does not only mean taking the risk to make some profits or starting a business, but it also means improving and challenging yourself daily. It is all about learning, growing, and developing as a good person daily this is the Entrepreneurship meaning.
Entrepreneurship qualities and characteristics are Creativity, Persistence, and Passion.
WHY ENTREPRENEURSHIP IS IMPORTANT.
You have a passive income source that works even in the absence of your involvement like the growth of a plant.
You have financial independence.
You have the power to control and influence people in your hands.
You are your own boss.
You can enjoy every second of your life and be proud of yourself for getting out of the rat race by taking the risk
You have the opportunity to help millions out there.
The entrepreneurship lifestyle provides the best luxury and great health care facilities.
You can be the inspiration for many children of this gen.
You can build many new relations and take your acts of revenge if you want.
Here, you can see entrepreneurship importance as it gives you a huge pile of achievements which employment doesn't. Because of this entrepreneurship as a career option is the best.
BEST BOOKS TO READ FOR ENTREPRENEURSHIP.
While speaking with David about his business tom asked him according to you what are the entrepreneurship books to read for anyone aiming to be a successful entrepreneur, as per your experience recommend me a few you read that changed your perspective.
David said ''um there are quite a lot of books and knowledge to gain but for anyone aiming to be a successful entrepreneur, there are a couple of basic books which are
1. HOW TO WIN FRIENDS AND INFLUENCE PEOPLE.
A STORY OF 2 FRIENDS.
ENTREPRENEUR JOURNEY.
WHAT DOES IT COST TO BE A SUCCESSFUL ENTREPRENEUR?
WHY ENTREPRENEURSHIP IS IMPORTANT.
BEST BOOKS TO READ FOR ENTREPRENEURSHIP.
ENDING REMARKS.
Please make sure to read the blog till the end and we assure you that you will rethink all your dreams again.
''If you are born poor its not your mistake but if you die poor it is your mistake''. Bill gates.
A STORY OF 2 FRIENDS.
Here are two guys ''TOM AND DAVID'' who are childhood friends living in a remote village, both studied in the same school got a degree in the same field of knowledge, and came to the city for employment.
Both are married and well settled in the city and both were working in well-reputed companies in the city and slowly time passed by. With the increase in expenses of daily life and inflation, both realized one common thing which is that they are going nowhere, no growth in their lives, like nothing.
On one fine day, they met at a temple sharing their problems where Tom was still stuck in that comfort zone of that job though he had a dream alike to David of starting a business but had no courage and guts to resign the job to pursue his dream whereas the David showed the courage of leaving the job and started his business at 33.
Tom compromised long term happiness in life with his paycheck he was satisfied and lived an ordinary life whereas David struggled immensely in the first few months of starting his business, it was really tough for David, he failed many times in his business but never gave up his dream of an entrepreneur.
As time passed, Tom was frustrated with the increase in responsibilities, expenses, workload, social pressure, inflation, etc for all of which his earning was not at all enough then slowly to cope up with all that pressure he started drinking alcohol and smoking cigarettes. His health was ruined like his career.
On the other side, David bought himself a bungalow, luxurious car and created a passive income source through his businesses, to compare like earning of David in a single day is equal to Tom's 4 month's total earning.
David's earnings are all passive income sources which means even when David is sleeping he's earning money.
One day both the friends coincidentally came across in a hospital where both sat at tea hub outside of that hospital and Tom said that his mother was sick for last 6 months and from last couple of weeks her health was deteriorated so I admitted her in this hospital meanwhile all his savings are spent to recover the health of his mother but found useless and he's borrowed money from his relatives to pay the medical fees of his mother.
Whereas David said that he came to the hospital for a donation for deaf children fund campaign running in that hospital.
Here we can see both started their careers from the same place but only a single choice turned their fate upside down.
Tom asked David what are you doing these days and David replied I am a businessman running a couple of businesses. Watching the clothes and costly accessories that David wore, Tom asked in curiosity how much you earn a month, David with a slight smile on face replied my 1-day earnings are equal to your 1 quarter income.
Tom was awestruck and in grief, he went to look after his mother, and David moved on.
After a couple of weeks, due to not paying the loans and EMI Bills Tom's house was ceased by the government officials, he went on barefoot to his friend David's office for some financial help. David Hugs him looking at his bad condition helped him providing some financial help.
Then after all this drama got completed and his mother started recovering, Tom went to David to meet him personally.
ENTREPRENEUR JOURNEY.
When Tom met David to talk about his career and take advice and learn the journey of David and then David said that in the initial months after quitting his job to pursue his dream of being the entrepreneur he faced many problems, actually, it was all new scenario to him which he never experienced before and then spent all his savings compromising with his needs and basic wants into the business which failed multiple times
At one phase of his life, David actually went into depression as whatever he was attempting to do but failed miserably but with the help of his wife and parents, he recovered and bounced back.
Slowly as time passed David said that after a year of his business started working fine, he learned few skills and upgraded them regularly and read books on self-improvement, etc.
He became disciplined in his work.
He said many see my success as an entrepreneur earning income in a single day which is more than most of their 1 quarter's income but only a few realize the effort I kept behind to let it happen.
Tom got emotional, then to eliminate the excuses of responsibility and age which could arise in Tom's mind David mentioned the entrepreneurship examples like AMAZON Founder Jeff Bezos who worked in a good tech company before then he started selling books online realizing its potential and with his few smart choices and decisions he made in the past, at present he is the richest person in the world with $113 billion Net worth.
If Bezos was stuck in his comfort zone of job like Tom did he would not have become what he is now and would be in a miserable state in financial matters.
As Tom listened carefully to David, he then spoke about Colonel sanders in 1952 at the age of 65 started the KENTUCKY FRIED CHICKEN. At the age of 65 when people plan for their post-retirement life, this guy started a business which now emerged as one of the multibillion-dollar business.
What excuse do you have to defend yourself ? said David to Tom.
As per David people like Tom in the majority fail in the financial aspect of life because ''they depend solely on a single source of income for their whole lives which are considered one of the biggest sins for the financial life'' and they don't know how to get financially independent.
WHAT DOES IT COST TO BE A SUCCESSFUL ENTREPRENEUR.
When David was asked by Tom what did it took for him to be the person he is at present.
David said that it took him everything. He said I sacrificed many things in the journey of entrepreneurship to reach the destination of where I am right now.
When anyone starts thinking in a way of DO OR DIE then his best will slowly be revealed by itself.
Entrepreneurship does not only mean taking the risk to make some profits or starting a business, but it also means improving and challenging yourself daily. It is all about learning, growing, and developing as a good person daily this is the Entrepreneurship meaning.
Entrepreneurship qualities and characteristics are Creativity, Persistence, and Passion.
WHY ENTREPRENEURSHIP IS IMPORTANT.
You have a passive income source that works even in the absence of your involvement like the growth of a plant.
You have financial independence.
You have the power to control and influence people in your hands.
You are your own boss.
You can enjoy every second of your life and be proud of yourself for getting out of the rat race by taking the risk
You have the opportunity to help millions out there.
The entrepreneurship lifestyle provides the best luxury and great health care facilities.
You can be the inspiration for many children of this gen.
You can build many new relations and take your acts of revenge if you want.
Here, you can see entrepreneurship importance as it gives you a huge pile of achievements which employment doesn't. Because of this entrepreneurship as a career option is the best.
BEST BOOKS TO READ FOR ENTREPRENEURSHIP.
While speaking with David about his business tom asked him according to you what are the entrepreneurship books to read for anyone aiming to be a successful entrepreneur, as per your experience recommend me a few you read that changed your perspective.
David said ''um there are quite a lot of books and knowledge to gain but for anyone aiming to be a successful entrepreneur, there are a couple of basic books which are
1. HOW TO WIN FRIENDS AND INFLUENCE PEOPLE.
Authored by DALE CARNEGIE.
As per the title of the book, we can understand what the book is about, it is about how to improve our communication and networking skills which are the major key skills to run any business successfully.
Business is all about the interaction of people and fulfilling their needs and wants.
This life-changing book costs you 300 INR.
2. THE LEAN STARTUP.
Written by ERIC RIES.
This is one of the basic books to read because this book saves you lot of your time and energy as it focuses on why most of the startups fail and how to let it from not failing, the author mentioned few principles too to be good in business,
This is another life-transforming book that costs you 300 INR.
3. THE 4 HOUR WORK WEEK.
Authored by TIM FERRISS.
The book focuses on how you can use smart strategies like outsourcing and make it automated.
This is a must-read for all the aspiring entrepreneurs as it is available at a cost of 300 INR.
4. THINK AND GROW RICH.
The author is NAPOLEON HILL.
This is one of the few legendary books which is a result of 25 years of author's experience. It is about revealing the so-called success secrets of the highly successful people in the early 19's like Andrew Carnegie, Henry Ford, Thomas Edison, etc.
This is a must-read for everyone at least once in their life which costs 300 INR.
5. THE EXECUTION FACTOR.
The author is KIM PERELL.
This author is a successful start-up entrepreneur written about 5 traits for how to accomplish any goal and dream. As per the author, execution is the key factor between success and failure.
This book is also one of the key basic books to read which costs 1000 INR.
However, you can check out clicking here top books to read for every entrepreneur.
ENDING REMARKS.
After all of the discussion with David, Tom went on for serious decision and started his own business at 38, thankfully due to advancement of the technology there are many new business ideas you can start online and business ideas offline he could start with lower investment and higher profits with lower risks which turned out to be a blessing to Tom.
And as time passed Tom created multiple sources of income and started living a life he dreamt of in his childhood.
In this way, you too can start your own business irrespective of your age, ''it is better to be late than to be never''.
Always remember ''The biggest sin in financial life is depending on a single source of income which requires your involvement''.
Check out our previous blogs by clicking here top business ideas to start online and best business ideas to start with low investment in 2020. which will definitely help you figure out which business to do.
Please comment on whether you related the story mentioned in the article or not and let us know if you have any questions, doubts, and queries in the comment box below.
Until next time. GOOD LUCK.
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