What is the Entrepreneurial Initiative?
It is the process in which individuals, alone or in groups, identify opportunities to innovate and work by transforming ideas of practice activities into a social, cultural or economic context. In the context of companies’ creation is an attitude that reflects motivation and individual’s ability to identify an opportunity and produce a new value or economic success.
For what? For helping the economic growth and the job of a country, as they depend of their companies and, therefore, on the businessmen who create them.
Why? Because the entrepreneurship is basic to the economy and well-being of a country.
In what? They don’t just give jobs or riches, but with their initiative and effort to satisfy the needs every time better.
From what perspective is it presented? It’s about promoting company’s activity by all means, as promoting the new companies’ creation as pretend to encourage the entrepreneurial spirit. The entrepreneurial initiative comes up with an identification of a possible opportunity and a way to exploit it.
What does it search? or why does it search? Develop entrepreneurial initiatives.
Components of the Entrepreneurial Initiative:
Internal forces:
They are the associated aspects with the development of personality that reflects human characteristics of an entrepreneur.
Why? Because they are directly related with the entrepreneur as a person.
For example: The need for personal fulfillment, motivation, optimistic vision, autonomy.
They are all those impulses that are inside you which achieve to take you to have this initiative you want to have.
External forces:
They influence entrepreneurial action as far those factors are coherent with the entrepreneurial mentality.
Why? Or how? These aspects influence or not the creation of the entrepreneurial initiative.
For example: the social, political, economic, cultural and technological part.
Which are the forces that are in the environment where you will develop your idea.
To make it clearer;
The specific function of entrepreneurs is the ability to take the earth production, work and capital to use for new good’s production or new services. The entrepreneur perceives opportunities that other companies’ executives don’t see or don’t care about it. The fact of taking an idea and invent an organization to develop this idea is called entrepreneurial spirit.
So, everyone in the life have an entrepreneurial spirit without knowing sometimes with just taking a decision to solve a problem we are already applying that aspect, of course taking it to the most professional field is when we see how to capture any opportunity to put it into practice and test, and see what we get.
I know that many people are afraid to fail, but I tell you something, try sometimes it is not much, you don’t lose anything with doing it and put this idea that is motivating you to see how far you can get, taking into account the external components of everything, and analyzing them in such a way that they give you the total security that at the moment of having your plan ready, it is in the right environment.
I am Emmanuel Cordero, future public accountant, ambitious 100% for being every day better than yesterday. vating