With entrepreneurship becoming a more viable career option, Outsource Sydney review some of the most common misconceptions about entrepreneurship that must be corrected in order to give budding entrepreneurs a realistic perception.
Being an entrepreneur can be constantly challenging and extremely hard work. However with the right support and a passion for business entrepreneurship can be a highly rewarding and enjoyable career option. With more start-up businesses being established around the world than ever before, direct marketing firm Outsource Sydney who specialise in fresh innovative thinking, are keen to encourage promising entrepreneurs by sharing the realities of entrepreneurship.
Entrepreneurship involves recognising and creating opportunities that others have not. Entrepreneurs are always on the lookout for ways to improve and offer something completely different to what’s already available on the market. By doing this they are taking full responsibility for their business venture and must manage and organise their resources effectively. It’s fair to say entrepreneurship does come with many risks, however there are a great number of positives that come with taking the plunge. Outsource Sydney have identified four common misconceptions of entrepreneurship that may be putting off many young creative minds.
Passion Means Lack of Reality
Many people think that the passion and excitement young entrepreneurs have for their ventures means that they lose grip on the realities of business, which leads to failure. In truth a business can’t last without passion with many businesses losing focus once the excitement has gone. Passion for the industry encourages great customer orientated approaches and motivates others.
Long working hours can be draining, both mentally and physically and entrepreneurship is hard work. However many entrepreneurs find it extremely rewarding to be earning through their own creativity on a daily basis. Being allowed the opportunity to be innovative can be refreshing and compared to many corporate roles allows individuals with more freedom to express ideas.
A Good Idea is Enough
A good idea is the foundation of a business, but is nowhere near enough for it to succeed which may put many people off developing a great concept. One of the most rewarding parts of entrepreneurship is the chance to develop an idea and acquire valuable business knowledge, which will help individuals grow with their business.
It’s too Risky
Lots of entrepreneurs’ start-up ventures have indeed failed and lost their founders their capital. However there are also success stories in which many have made a substantial return and retired. A lot of people focus on the idea of getting rich which is the quickest way to fail. By taking small steps and making sure the product is the best it can be, entrepreneurs have a greater chance of success.
It’s important for people to weigh up both the positives and negatives of entrepreneurship before making any decisions. Outsource Sydney believe that by providing young business minds with all the relevant information, it will help more people feel confident in considering it as a viable career option. ‘We are strong advocates of entrepreneurship. Giving individuals the freedom to be innovative, creative and the power to make decisions can provide a business many benefits so we want to encourage entrepreneurship while also advising the challenges that budding entrepreneurs may face,’ says Outsource Sydney’s Managing Director Helen Poutakidis
Outsource Sydney specialise in providing effective direct marketing solutions to help their clients become market leaders. Using face to face acquisitions and advertising Outsource Sydney ensure their clients get results, increase brand awareness and develop lasting customer relationships.