Entrepreneurship

Reasons To Believe That Leaders Are Made Not Born

Arnab Dey

Entrepreneurship Jun 24, 2022

Are leaders made or born? It is a common question that arises in our minds. Psychology ensures that leaders are mostly made.

To do proper leadership in any field, you need various skills and attributes. One cannot put all the pressure on a particular person, and leaders ensure the balance within a team by motivating them in various ways.

In this leadership process, a person tries to influence a large group of people to achieve some objectives. The importance of leaders in an organization is huge because they deliver coherent activities to lead the organization’s goal in a particular way.

Reasons To Believe Leaders Are Made:

There are various reasons we can discuss that will suggest the presence of made leaders. Believing that leaders are born, not made, can be dangerous for anyone. If a person or an organization believes in born leadership, they will stop nurturing skills and attributes.

This will ultimately harm the person or the organization with no development. If you want to nurture your leadership abilities, you can take help from professional leadership coaching.

1. Natural-Born Leaders Are Not Common

If the leaders are only born leaders, then what about the people who have average intelligence and who are introverts? Are all of them not capable of being a leader? Certainly not.

Suppose you want to be a good leader; you need to embark on some tough tasks to achieve the abilities of a proper leader. Always try to be the leader you want to be rather than focusing on inborn skills.

Through self-development plans, you can look into things you can make for yourself to be a better option as a leader in this competitive market.

2. Lead By Example

Sometimes it is considered an inborn quality, but if you want to be an example, you must have that experience.

When you are leading a team, there are people who might want you to be their hero in the first place. In that case, you need to focus on helping others and giving them what they want.

In addition, try to follow the needs of your followers and understand the obstacles present in front of you to become an example to others.

You cannot ignore the timing of being an example. There will be particular phases where you need to be more accurate and skilled to be a prominent example.

3. Right Thing To Do

If you are doing the right things for your team, you will get support as a leader. There is no exception to being self-aware and courageous.

Again the timing becomes important for you as a leader. Right things have the right times to consider. As a leader, if you want to polish yourself, you should know the right timing and things.

Leaders Are Made Not Born

4. Nonstop Learning

There is always room for learning to develop yourself as a leader. If you want to be an expert on this platform, you need to constantly take on new challenges that can enhance your knowledge.

Do not just lean on general things after settling in a place because prospering in life is a part of leadership attributes.

5. Introvert Vs. Extrovert

Between an introvert and an extrovert, the first choice for a leader will be an extrovert. For instance, being bold, risk-taking as well as assertive can be added as positive skills. But if you nurture these skills on your own, you can be a good leader.

Intelligence is not all. Often it has been seen that intelligent people are unable to empathize, which is a part of leadership.

Through emotional intelligence, you will gain the upper hand in provoking your team to work effectively by understanding the importance of the situation. Understanding the social situation can be promising for your leadership career.

To Conclude

What do you think? Do you have all these abilities inborn? Or do you have to gain them? The answer lies within the question, and you have to make yourself a leader somehow. Attributes like values, character, beliefs, and ethics are all in the same place for a proper leader, but you have to travel through all of these to gain what you want as a leader.

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Arnab Dey

Arnab is a professional blogger, having an enormous interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, He carries out sharing sentient blogs.

What Are The Different Types Of Entrepreneurship? – Take A Look

Entrepreneurship requires an individual to have a bullet-proof mentality, as well as passion, fervor, and perseverance. If you are interested in entrepreneurship and want to get into a professional career as an entrepreneur, you must have a good idea of what type of entrepreneur you want to be. This article is about the types of entrepreneurship options that are best for 2023. In this article, you will first get a general overview of entrepreneurship and why you will need to learn the various types of entrepreneurship options in front of you. Next up, we will discuss seven types of entrepreneurship options from which you can choose the best one that suits you. To learn more about the types of entrepreneurs, read on through to the end of the article. Types Of Entrepreneurship Options – An Overview Although entrepreneurship comes with its own set of risks, the rewards of entrepreneurship are what motivate people to push harder. The reward can be anything from self-fulfillment and innovation to financial security. However, one thing is clear, each type of entrepreneurship comes with its own distinct aspirations, goals, and measures of success. According to The First Republic, “Some types of entrepreneurship focus on innovation or societal change, others strive for rapid expansion or growth from an existing business model and still others generate profits to support the entrepreneur’s lifestyle with no plans for expansion.” Hence, it is an essential aspect to understand the various types of entrepreneurship options and choose the one that best aligns with your skills, business aspirations, society, environment, and more. It also depends upon the people around you. According to Wix.com, “By focusing on the unique differences of entrepreneurship, you’ll be able to address your business’ challenges with a deeper awareness of how you should handle them and what types of resources you’ll need.” Once you choose the type of entrepreneurship you want to focus on, you can thus make a more informed decision about your company’s future as you take it to the verge of growth. The Most Common Types Of Entrepreneurship Options According to Indeed, “Learning about the type of entrepreneurship a company follows can help you decide whether you can survive their work culture. The type of entrepreneurship affects the working environment and the qualities of the entrepreneur.” For example, If you love innovation and have the confidence to bring innovative creation to society and make a profit out of it, you cannot choose social entrepreneurship as the latter will not serve the purpose of your dream and passion. In your case, the ideal entrepreneurship option will be to start with technology, as this is where most innovations happen. The following are some of the major types of entrepreneurship options: 1. Small Business Entrepreneurship This entrepreneurship venture is started by one person and comprises a small team that works towards the accomplishment of a particular goal. The company deals with either one product or service with the goal of expanding the franchise. You will be in a position to hire local employees, and you will need to invest your resources directly in the business. Read More: The Types Of Business Insurance Needed For Every Business 2. Large Company Some examples of large companies include Microsoft, Meta, Google, Amazon, Apple, Disney, etc. These companies are always in the process of innovation as they continuously strive to come up with new products and services. They also produce a variety of options in and around their core products and services. They create new subsidiaries within their company, acquire smaller businesses or innovative products, and develop it further. 3. Scalable Startup According to Indeed.com, “This type of entrepreneurship starts with a unique idea that can bring a change. From creating a business plan to launching it, scalable startup entrepreneurship recognises what is missing in the market and creates a solution.” These types of businesses receive their funds from venture capitalists. The funds come based on how much an idea is unique and effective. 4. Innovative Entrepreneurship In this case, too, the foundation of entrepreneurship is based on the uniqueness of an idea and innovation. Such types of entrepreneurs have the capability of thinking about novel ideas to grow the business, and they also possess the ability to convert an idea into a venture and use an innovative solution to make profits. 5. Intrapreneurship An Intrapreneur is not a traditional business but an employee within the company itself. He is self-motivated and extremely action-oriented, and he likes to think out of the box, to work as an entrepreneur within the company. Many companies use this way to support and encourage their employees to develop an entrepreneurial spirit within them, which helps the company as well as the employee in the long run. 6. Social Entrepreneurship According to The First Republic, “Social entrepreneurs have a strong vision for the world, and the financial goals of social entrepreneurs are centered on the company’s mission, often with a focus on effecting social change.” This is one of the major reasons why the success of social entrepreneurs depends a lot on the positive progress toward a particular social issue. The worth of a social entrepreneur is not in finances and profit generation but in solving a social issue. 7. Imitative Entrepreneurship Here, the entrepreneurs get inspired by successful ones and imitate their ideas and theories with their own ventures. This leads to them taking lower amounts of risks with limited sources. It can also happen that an entrepreneur takes up an idea from someone else but does better and develops the idea. Read More: What Is Indemnity Insurance? And Its Different Types – Let’s Discover Wrapping Up If you are an entrepreneur, you will have to lastly decide what type of entrepreneurship you want to pursue with your business. As you choose one of the different types of entrepreneurship options, try to focus on that one fully and prepare to channel your energy fully and efforts into that one. However, you will also need to be aware of the major changes that your venture requires with time, and you shall be responsible, as an entrepreneur, to implement those changes. How much do you think entrepreneurship will change with the increase in the usage of AI? Share your opinions on the matter in the comments section below. Read Also: How To Start An Insurance Company? – Steps You Must Take Lead Management 101: A Comprehensive Guide to Success What Is A Hold Harmless Agreement? – Let’s Take A Look

How Do Entrepreneurs Make Money? – The Secrets You Should Know

In today's day of age, if you are selling any product or service online, if you are taking a risk to provide any service or product solution to an audience, you are something of an entrepreneur yourself. But how do entrepreneurs make money? An entrepreneur knows better. If you want to start your entrepreneurial journey and are looking for an avenue for generating wealth, then this article is for you. While most business owners follow a tried and tested way of creating a source of income, an entrepreneur breaks the norm. They created their own market and built their own new empire. Here are a few interesting ways an entrepreneur makes money – Selling Products & Service Online If you are one risk taker and have some product or service of your own, then you can capitalize on it and make money. You can have your own products that you created using your skills and sell them online. These products can be anything from DIY products to specific day-to-day use products. You can also buy products that you sell for a profit. This type of money requires entrepreneurs to spend more time online. Here are some common things you need to keep in mind. Selling Courses Entrepreneurs can also sell courses on their skills. If you are an expert at something, you can teach it to a certain audience who are looking for a way to learn it. You can create a course and upload them on your website for selling them. These skills can be about anything like – language, fitness, music, art, or skills related to using any tool. Read More: Importance Of Entrepreneurship: Types, Features & Benefits Make Stock Investment Entrepreneurs do not only create opportunities for earning money, but they also multiply what they have by investing. One of the most common ways of earning money is through stock investment. There are many applications related to stocks, and you can download them and check your profit simultaneously. Thanks to the internet and various fintech applications, it is easier to invest in stocks nowadays. You can take short courses related to the stock market and start learning from different course providers and coaches online. This will get you started in your stock investment journey as an entrepreneur. If you are asking how entrepreneurs make money, you cannot really avoid this particular example. Event Management How do entrepreneurs make money, you asked? Well, there are ample opportunities if you look around. Have you ever thought of starting an event planning business? An entrepreneur can make thousands of dollars in months by planning a few local events here and there. When you are good at arranging an event, you can make money from it. A good event planner can save money on arrangements and earn from the different event plans they get assigned for. It will take you a few trial and error at first. But once you manage a few events, you will gain experience. It is wise to do vlogs of different events you plan and manage. Posting them on your social media or website will get you more gigs as an event manager. Write A Book In today's time, no one is trying to become Shakespeare. But if you find any scope to add value to this world, then you can put it into words and publish it as a book. Entrepreneurs can provide the value a specific audience is looking for through their books. YOu can write a fiction or a nonfiction book and get it published. Yes, it is a time-consuming process. But, if you are paying attention to different ads on Facebook, you will see some seasoned corporate employees or solopreneurs coming out with their self-written books. It can be a fiction or a nonfiction. But, if you have any idea that you can take out in the world, a book is still a renowned means for an entrepreneur. Draw & Design Logos We all have smartphones now, but that did not make professional photographers a thing of the dinosaurs' age. They are thriving in their career, and some of them are making million-dollar businesses as well. Similarly, you can become a logo designer or a professional illustrator. It is one of the most feasible sources of income for anyone in today's time. If you have skills in this department and know how to use tools like Photoshop and different AI tools for logo design, you will make your logo design career a success. You can make it a part-time job and pursue logo design as a full-time career. Blogging Mashum Mollah is a successful entrepreneur who made his passion for blogging into a million-dollar business. When you have skills and knowledge in a specific industry, you can spread it through blogs and monetize your blogging website. All you need is a blog-creating platform and start your blog. Once the website is up and running, you can start creating industry-specific content that people want to read. You will become successful in blogging if you are – Updating content regularly. Optimizing your website for relevant traffic. Coupling your content writing effort with successful social media marketing. When you are taking care of all these, you can come up with different ways of monetizing your blog. How do entrepreneurs make money? An entrepreneur like Mashum Mollah would suggest you – Become an affiliate. Sell advertising space. Starting a subscription business after getting a significant number of followers. Create a course or webinar people want to sign up for. Offer Content Writing Services A content writing service provider helps with creating blog posts, articles, press releases, and more. Even a freelance content writer doing it on a large scale can become an entrepreneur. In today's time, there is a high demand for good-quality content. So, if you are well-versed in content creation, you can make a career out of it. You have to set up your profile on a freelancing platform, and according to your expertise and skills, you can even charge your clients $50 per hour. Read More: Entrepreneurship Skills – Types, Importance & Examples Bottom Line Aside from the option mentioned, you can also offer personal loans, utilize previous assets, and provide property rentals to make money. You can create an entrepreneur with the right knowledge, insight, and passion for something out of the box. If you were looking for suggestions, this article should provide valuable insight. Please let us know about your feedback on this article. Thank you for reading. Read Also: What Is a Franchise, And How Does It Work? – Examples, Benefits & More What Is A Venture Capitalist, And What Are Their Functions? Private Equity Vs. Venture Capital: Key Differences

Difference Between Entrepreneur And Entrepreneurship With Examples

An entrepreneur is a person that decides and works accordingly to start a new business. On the other hand, the word entrepreneurship is used to describe the process that the entrepreneur follows to start a business, manage the business, and thereby achieve success with the business. In this article, we will learn in detail about the major differences between an entrepreneur and entrepreneurship. In the first section, we will discuss the terms entrepreneur and entrepreneurship. Then you will learn about the major differences between the terms. Finally, we will share with you the major myths associated with entrepreneurs and entrepreneurship. Hence, to find out more about these interesting terms, read on through to the end of the article. Who Is An Entrepreneur? According to Investopedia, “An entrepreneur is an individual who starts and runs a business with limited resources and planning and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.” With the help of these entrepreneurial ventures, entrepreneurs try to achieve high returns despite having high market uncertainty. One of the most notable aspects of an entrepreneur is that the individual is willing to take risks in regard to financial security and career. They spend their time and capital on something that is uncertain. These individuals know how to arrange for raw materials, investments, necessary capital, manufacturing locations, office spaces, and human resources. They also know how to make optimum use of those resources to bring out the best outcome for business. Since the entrepreneur carries most of the risks associated with the business, therefore the entrepreneur enjoys the most amount of rewards at the time of success too. Read More: What Are The Different Types Of Entrepreneurship? – Take A Look What Is Entrepreneurship? Entrepreneurship is the process that entrepreneurs take to build their businesses and achieve success while making a positive impact on society. They create and manage business ventures to get access to better finances. This process involves identifying the best opportunities in the market and bringing new ideas and innovations to provide market solutions. According to GeekForGeeks.org, “This (Entrepreneurship) requires a unique blend of skills and qualities, such as innovation, risk-taking, creativity, and resilience. Successful entrepreneurs are known for their ability to adapt to changes in the market, take calculated risks, and persevere through challenges and setbacks.” Entrepreneurship includes creating an applicable business plan, raising capital for the business, bringing new ideas to create products and services, and actually creating those products with the help of resources. Apart from that, it also includes managing the resources and overseeing the operations of the business on a day-to-day basis. According to Investopedia, “Entrepreneurial ventures generally impact economies and communities in a significant manner, which also results in a cascading effect on other sectors, like job creation. Small businesses are more limited in this perspective and remain confined to their own domain and group.” Hence, you can understand how much entrepreneurship is important for society and the economy. This is because entrepreneurs, with their skills and competencies, help in creating more wealth for the economy, provides job opportunities, and create a culture of innovation. Although entrepreneurship typically relates to small business, it can still be applied to any organization. Entrepreneur And Entrepreneurship: Major Differences The following are the major differences between an entrepreneur and entrepreneurship: 1. Meaning An entrepreneur is a person, and entrepreneurs are a group of people who come up with an innovative idea. They try to then try to convert that idea into reality while bearing various risks. On the other hand, entrepreneurship is the activity through which entrepreneurs take steps and individuals start their businesses. There, they offer products and services to a target market where there is demand, and in return, they earn profits. 2. Decisions Entrepreneur makes major decisions about their business, and the decision is for the creation and growth of the business. On the other hand, entrepreneurship is the process of making such decisions throughout a business’ lifecycle. The decision-making process never ends while the business is there. 3. Representation An entrepreneur is an innovator who has an idea and tries to give shape to it with the help of various resources available in society. On the other hand, entrepreneurship is the process of giving shape to the idea and the process through which the entrepreneur innovates. 4. Business The entrepreneur sets up the business and turns a concept or an idea into a reality by understanding the needs of the market. On the other hand, entrepreneurship is the process through which the entrepreneur makes those decisions. Myths About Entrepreneurs and Entrepreneurship The following are the major myths about entrepreneurs and entrepreneurship: Entrepreneurs Take Unnecessary Risks: This is not true. Although entrepreneurs take a lot of risks, those are calculated, and the risks involve a lot of planning and dealings. Entrepreneurs Start Businesses With A Big Invention: Not all entrepreneurs are inventors, and not all businesses are breakthroughs. Most of them identify the opportunities in the market, deliver the right solution, and earn profit in return. Entrepreneurs Get Success Only After Significant Experiences: This is not true, as most entrepreneurs are young and inexperienced individuals who work day and night to turn their idea into reality. Entrepreneurs Do A Lot Of Research Before Taking The First Step: This factor is partially true as most new businesses start on a new concept, and those entrepreneurs have little to no research capability in those cases. Entrepreneurs Need To Have Enough Capital: Capital is necessary, but some ventures do not need a significant amount of capital, especially with the advent of services that are provided through the Internet. Wrapping Up There is no proper definition of an entrepreneur, and hence it is not easy to define entrepreneurship. No theories or models can define entrepreneurship. In simple words, it is the way through which an entrepreneur identifies suitable business opportunities and works towards turning those opportunities into fruitful outcomes. Another major attribute of an entrepreneur is that the individual knows how to take risks and strategize accordingly for the success of the business. What is your own definition of an entrepreneur and entrepreneurship? Share your idea with us in the comments section below. Read Also: Entrepreneurship Skills – Types, Importance & Examples Importance Of Entrepreneurship: Types, Features & Benefits Risk In Entrepreneurship: What Risks Do An Entrepreneur Face?

Everything You Need To Run A Successful Enterprise

Navigating the intricacies of running a successful enterprise requires a multifaceted approach encompassing leadership, strategy, technology, culture, and innovation. Understanding the core components that contribute to the growth and stability of a business is crucial. Keep reading as we delve into each of these areas to provide you with the insights necessary for leading an enterprise to triumphant outcomes. Leadership Qualities For Enterprise Success Leaders at the helm of successful enterprises are often visionaries who possess the ability to steer their organizations through rough waters. These individuals exhibit a combination of confidence, determination, and empathy, which inspire their teams and foster a sense of trust. Communication, both in conveying clear directions and in listening to feedback, stands out as one of the top qualities that such leaders have in common. Many of these leaders also recognize the importance of continuing education, such as pursuing an MBA masters degree. Pursuing an MBA can be a game-changer for anyone aspiring to run a successful business. By gaining a comprehensive understanding of business principles and building a strong network, you can enhance your business acumen and position yourself as a competent and strategic leader. Investing in your education through an MBA program demonstrates your commitment to continuous learning and professional development, setting you apart in a highly competitive business landscape. In essence, effective enterprise leadership is characterized by a level of emotional intelligence that allows leaders to connect with their team and understand the broader impact of their actions within the corporate ecosystem. It is this blend of soft skills and hard skills that creates a dynamic and responsive leadership framework for enterprise success. Investing In Advanced Enterprise Technology Solutions Technological advancements have revolutionized the way enterprises operate. Security is a critical aspect when it comes to technology investment. Enterprises must collaborate with trustworthy cyber security companies Calgary or wherever they are based, to safeguard their data and their customers' privacy. With the increasing number of cyber threats and potential data breaches, it has become more important than ever to prioritize the security of your company's sensitive information. By partnering with a cybersecurity company, you gain access to a team of experts who are dedicated to protecting your business. The adoption of technology should be driven by the potential for business impact rather than the novelty of the innovation. Beyond that, employee training and support are needed to maximize the benefits of technological investments. Staff should be well-versed with the new systems to guarantee seamless integration into daily operations. Continuous feedback mechanisms can help in finetuning technology solutions to better serve the enterprise's needs. Cultivating A Productive Corporate Culture A robust corporate culture is the bedrock of any successful enterprise. It encompasses the values, beliefs, and behaviors that define the work environment and shape employee interactions. A positive culture fosters collaboration, innovation, and a shared commitment to the company's mission. Leaders play a pivotal role in shaping this culture by being the exemplars of the enterprise's core values. Recognizing and rewarding behaviors that align with your values reinforces their importance and encourages their proliferation throughout the organization. Empowering employees by providing growth opportunities and an inclusive environment can also elevate engagement and job satisfaction. When employees feel valued and part of something bigger, they are more likely to go the extra mile for the company. Implementing Continuous Improvement And Innovation Systems In an ever-evolving business landscape, enterprises cannot afford to remain static. Establishing systems that promote continuous improvement and innovation is a priority for staying ahead of the curve. This involves regularly reviewing processes, soliciting employee input, and being receptive to new approaches. Innovation need not be confined to product development; it can also be applied to internal processes, customer service, or business models. Benchmarking against industry standards and competitors can also inform an enterprise's improvement strategies. Understanding where you stand relative to your peers can highlight areas for growth and inspire new ideas. Leveraging data analytics to monitor performance and identify trends can guide informed decision-making too. By harnessing the power of data, enterprises can better predict customer needs, optimize operations, and tailor strategies for optimum impact. This proactive approach to business ensures relevancy and a competitive edge. As this article clearly illustrates, the success of an enterprise hinges on its ability to blend strong leadership with strategic foresight, technological prowess, a nurturing culture, and an ingrained drive for continuous improvement. By focusing on these foundational elements, organizations are better positioned to achieve their goals and attain long-term viability in the competitive world of business. Read Also: How To Improve Energy Efficiency In Your Data Centre Money Tap Loan App: Information, Eligibility Criteria, Interest Rates, Review & More Virtual Data Rooms: What They Are And Their Critical Importance For Businesses

Reasons To Believe That Leaders Are Made Not Born