Entrepreneurial Lifestyle

It is rightly said by Bill Drayton that “What is the most powerful force in the world? And I think you would agree that is a big idea if it is in the hands of an entrepreneur who is actually going to make the idea not only happen, but spread all across society. And we understand that in business but we have need for entrepreneurship just as much in education, human rights, health, and the environment as we do in hotels and steel.”



Entrepreneurship is a human act which is rapidly spreading all over the world. Today, there are plenty of people for whom entrepreneurship is the first choice for building a successful career. However, the reasons for approaching this field specifically are different. Some people want to be their own boss, some want to experience the thrill, some want to enter into this as entrepreneurship is in their blood and some want to earn more money in less time. The more are the aspirants, the more are the reasons. However it should be kept in mind by every aspirant that ‘all that glitters is not gold’. People think that it is a way to earn lots of money or they can enjoy freedom by becoming an entrpreneur. Although all these things can be achieved through entrepreneurship, however, there is lot more which has to be faced by any entrepreneur. Without entering into the world of entrepreneurship, it is more or less impossible to get familiar with the basic lifestyle of any entrepreneur. One, who lives it, can only feel it. However, to get an idea about it, here is some of the information about the entrepreneurial lifestyle and its requirements.

Entrepreneurial Lifestyle- Its requirements and essentials:

1. Long working hours: If you want to earn a lot, you are required to work a lot. It is true that through in entrepreneurship, people can earn a lot of money, probably which is next to impossible by being employed under anyone else. Entrepreneurs are required to take every decisions individually(which has to be correct for the sake of business) related to the organization. So it is almost obvious to work for long hours. After all, here one cannot say that “this work does not fall in my job profile”. So for taking all the issues of the organization under consideration, the long working hours are more or less usual in the entrepreneurial lifestyle.

2. Handling stressful situations: Stress is also an enforced feature of any entrepreneur’s lifestyle. It is a factor which cannot be avoided at any point of time in entrepreneurship. There are no specific reasons behind being stressed, it can be anything like- unable to handle a particular employee, loss in business, unable to manage the work, etc. All these issues are more or less obvious in the life of an entrepreneur. These are unavoidable aspects of entrepreneurial lifestyle.

3. Setting and chasing targets: For getting something, one has to set the targets and so it is applicable in the field of entrepreneurship as well. One cannot sustain the business without setting some goals or objectives. After all, if one doesn’t know where to go, how would he move ahead? It’s true that entrepreneur is his own boss and there is no one to give him targets, however for leading the business successfully he is required to set the target on his own. Without targets no business can grow and develop. Setting targets doesn’t require any special occasion; it is an everyday activity in the lifestyle of entrepreneurs.

4. Planning, organizing, directing, controlling and developing: An entrepreneur has to deal with multiple tasks everyday in business. There are lots of works which have to be considered on a daily basis. Planning, organizing, directing, controlling and developing, all these activities are required to be considered by the entrepreneur every day, in some or the other way. Planning about a new project, organizing man power for that project, directing and controlling their work, developing the quality of the work, etc. are some of the examples which are unavoidable in the entrepreneurial lifestyle.

5. Management: Management is another important aspect of entrepreneurial lifestyle. Management is required everywhere in business, and this activity is more or less a compulsion for entrepreneur so as to sustain the business. Whether it is about managing the workforce, managing the projects, managing the clients or even managing himself, all these things are parts of an entrepreneur’s life. It should be remembered that a poorly managed business can never sustain for long. It is an everyday exercise which is required in almost every aspect of the organization. Hence, management is a requirement as well as essential of entrepreneurial lifestyle.

6. Confident as well as strong-minded nature: Confident nature and clear thinking are also the requirements of entrepreneurial lifestyle. Without having these qualities no entrepreneur can fit into the hectic lifestyle of entrepreneurship. There are lots of issues and affairs which are hard to be handled without having a determined and confident attitude. Apart from that, this aspect is also necessary while taking and making any decisions of the business. After all, if one is not completely confident on his own plans how can he assume that the plans would work? Hence, confident and determined behavior is also a necessity for any entrepreneur to adjust in the lifestyle of entrepreneurship.

All these features hold a great space in the entrepreneurial lifestyle, however, it is not that lifestyle of entrepreneurship is all about pressure and hardwork. An entrepreneur is also a human being, he also needs some enjoyment and leisure hours. Although, finding the scope and time for fun as well as enjoyment is hard but not impossible. If one knows to manage the time and work efficiently, everything is possible.

At the end it can be said that the life of an entrepreneur seems to be uncomplicated and trouble- free from outside, however, in reality, it is just the opposite. An entrepreneur is required to work proactively, and for him, everyday is a challenge. Everyday something new takes place in the business which needs to be handled efficiently and effectively. Different types of essentials and requirements are present in the entrepreneurial lifestyle which needs to be handled carefully so as to secure the future of the business. So if you are thinking to start your own business, read the above mentioned points related with entrepreneurial lifestyle, they can help you to take a doubtless decision.