THE CHALLENGE OF ENTREPRENEURSHIP

Since human beings have known to exist in this world, one challenge after the other have been thrown to us and every now and then, we find one, two, three, four or more people look the challenge in the face and find suitable remedies that benefits all one way of the other. Some of these remedies turn out to profitable businesses whiles others are just there to serve mankind without much financial return to the founders. Different names have been given such individuals and groups and the current commonest word associated with them in the 21^st Century is entrepreneur. In fact, entrepreneurship is a continuous challenge that needs to be dealt with every now and then. It is this consistency and persistency of the entrepreneur to always find solutions to future problems that makes these individuals and groups different and unique in our families and communities.

Indeed entrepreneurship can be an exciting challenge, if only one is ready take it head on. Practically all facets of entrepreneurship are invigorating. Undoubtedly, conceptualizing an idea that has potential to change the status core is challenging, especially in our time where technology is increasingly pushing humanity to its maximum. Basically thinking about whether an idea makes sense, whether it could be put into action or accepted, how much capital it would require, how many people would have to be employed and the skills required, and how the venture would be operated is food for best of fantasies. Nevertheless, if simply thinking about entrepreneurship is thrilling, how thrilling will the management of the actual venture be? Consider the highs and lows that every start-up business goes through.

Even after the venture is launched, entrepreneurship is still a challenge since it does not end with just launching and sustenance. Keeping the operation afloat and working with internal and external factors such as workers, technology, suppliers, customers, and investors is hectic, but satisfying, set of tasks if it is well approached. If things don't go well, the scrambling to save the venture or to find supplementary financial support or to find buyer for the business can put pressure on the entrepreneur. At this stage, the major focus of the entrepreneur will be to keep the venture alive and away from collapse. 

On the other hand, if the venture goes well and achieves rapid growth as planned by the entrepreneur or entrepreneurial team, then another challenge will be to maximize growth without loosing control of the company. All of these circumstances definitely include the satisfaction of ownership which the entrepreneur enjoys. The entrepreneur can either grow a venture that can provide a comfortable life-style with the possibility of becoming independently wealthy, or lose the entire venture and face psychological, social, financial and sometimes physical wreck.