CHALLENGES FOR AN ENTREPRENEUR
The concept of entrepreneurship
was welcomed by many people then, who are now renowned business visionaries,
Aman Mehndiratta is one of them. He had vision, followed by an idea to do
something challenging but effective. That idea was ‘entrepreneurship’, which
came out to be the factor of turning the tables. Tobegin with, this business
terminology has to be described in brief.
Broadly saying, “Starting a brand
new business and taking risks for it is called entrepreneurship. Urge and willingness
to develop, organize and manage a business with any of its risks for making profits
and establishing it firmly is what we call Entrepreneurship.”
Looking at the major crisis in
employment sector, Aman Mehndiratta decided to be a job creator rather than a
job seeker for good. As it is seen that every coin has two faces so similarly,
every concept or process comes with certain pros and cons. If there are
enormous possibilities and advantages of entrepreneurship, then there exist
challenges and disadvantages too.Doing a startup is tough and every country
sees more failures than success. As an
entrepreneur, Aman too has faced them all, cherished the advantages and
overcame the challenges. His true spirit and dedication towards the wellbeing of
humanity has always worked as a motivation to excel.
He is always prepared to face failures and hardships. However, it is been well
recognized that culturally we are not groomed to fail and failure is frowned
upon us but somehow he manages to get through it. He believes an entrepreneurship
thrives on celebrations and a society that fails to appreciate business
failures cannot admire the innovation and creativity even before it can start.
A startup failing has to be okay as failure often teach an entrepreneur does
and don’ts to achieve the optimum results. In country like India starting a new
business on one’s own risk is challenging in certain ways. The prevailingCHALLENGEScan be classified as-
Execution: Having a brilliant idea is different from making that
idea a business success. Many obstacles and hurdles come in the way to execute
that idea and find the desirable results. Aman Mehndiratta effectively
confronted these hindrances and turned up as an indelible business person.
Hiring:The process of hiring employees is difficult. It’s a time
takingand can be a frustrating procedure. Watching the merits and demerits,
outstanding qualities and flaws of the most candidates can take as much time as
considering and then rejecting those who are not suitable. Finding promising
employees to hire, those who have talents and potential to uplift the business
has always been a matter of concern for entrepreneurs. Aman manages to be
hawk-eyed on talents because he wants his business to flourish.
Funding:Aman knew what it takes to be a successful entrepreneur, it
is vital to accept that developing the original concept and growing the
business will require great resources in the form of
financial investment into risk. It needs a lot of control in the business
proportionate to the level of investment. Fortunately, he has been blessed with
resources for investment so he always tries to make it worth.
Uncertainty:Startups are the subject of excessive uncertainties.
These uncertainties invite major risks within the business. To tackle with
them, one should be patient and focused towards the improvements which have to
be made to cope up. The best symbolism for the same can be, imagine startup
firms are like ships in sea-storms of risks and uncertainties where
entrepreneur’s consistent performance and patience behave like lifeboats.
Aman Mehndiratta has gone through
such challenges but he never lost will to do better and better. He has such a
positive attitude and constantly strives to give his best effort, eventually succeeding
and motivation others.
