Jignesh Barasara-An Eminent Business Entrepreneur

Jignesh Barasara is an eminent business entrepreneur in the country today. With his immense knowledge and expertise, he has successfully changed the face of many business ventures. Every range of business from small, medium has benefited greatly from his theories of business entrepreneurship. He has a great understanding of how to tackle different kinds of business risk and obtain rewards from the same. Following are some of the most common risks about business entrepreneurship and the rewards associated with it.

Risk of Entrepreneurship:-

Jignesh Barasara Entrepreneur Entrepreneurship and risk go hand in hand and can lead you to both success and failure, so be prepared for both. Successful entrepreneurs have a good understanding of obtaining the maximum reward against a given risk i.e they know the difference between taking a risk and taking a calculated risk. As an entrepreneur, you cannot escape the beginner’s struggle and the level of risk involved in starting your own business. People take risks with the hope of achieving better rewards. The most common risks involved are the risk of business failure, risk of financial loss and lack of security.

To take your business off the ground, you would have to escape the security of getting a paycheck at the beginning of every month. Depending upon the availability of your capital, you may also need to dive into your savings, if your capital does not suffice to start your business. With a new business taking off, situations can be scary and unpredictable at times. The data chart as per your research about customer interest in your business may appear to be in your favor, but then at times, the situation may go upside down. In this case, the key employees that you're hiring at the onset of the business must be reliable and follow their key roles religiously. As a business entrepreneur, you would have to sacrifice your time and sleep and at times may work for 24 hrs and 7 days a week. The time you devote may vary depending upon the need of the hour and the kind of the business. Entrepreneurs are the most prone to risk-taking and its effects, than anyone else. The whole process is about taking calculated risks and pursuing ideas that have a higher upside.

Rewards of Entrepreneurship:-

If the odds of business failures are so high, then why would anyone start their business in the first place? Well, it's because once your business is successful, your rewards are way better than what they are when you are working for someone else. The most prime reward that comes with entrepreneurship is that you make way more money than your 9 to 5 job. Being an entrepreneur, the passion with which you bring out the best in your business provides a higher level of mental satisfaction and it will change your lifestyle, your thought process for the better. Working on something which you are passionate about not only brings you money but it also comes with worldwide fame and soon you and your business both become ‘brands’.

The next rewarding aspect of being an entrepreneur is you are your boss and are away from that daily routine of being told what to do by your boss and are not dependent on any kind of paycheck. You save yourself from the mental exhaustion that you get when you are not happy with what you are doing, and are employed only for the sake of your paycheck. Once your business takes off, you are not dependent on anyone else, except for yourself for your financial security.