You are employable when you have a sustainable job or a sustainable business. In a business, you are your own employer. The opportunities are much bigger in entrepreneurship than of job seeking. In a job, you can set a limit to the number of earnings or facilities you get. But, if you become a businessman sky is the limit to your success. Starting a business is much easier than getting a job if you have a strong determination.

• Unlimited opportunities
• Be your own boss
• Continuous challenge
• Creating more leaders
• No traditional job searching
• Contribution to the society and country

There was a time when you had to have a lot of money to start a business. The time has changed, now you just need an innovative idea, a strong will and grit. Investments will come raging to you if you can develop a sustainable business model. If you research all giant companies of today, you will find that most of the companies were started from the ground. They could expand the business because they were serious and had a brilliant idea. So, if you want to be an entrepreneur take a little time and ask yourself if you really want to do this.

Grit: You don’t need money to start a business. If you really want to be an entrepreneur then you have to be gritty. Doing something for a long time even after failing is grit. Being gritty is probably the most crucial thing that a potential entrepreneur needs. In today’s world resources are available, entrepreneurs lack strong willpower. The main reason for most of the entrepreneurs’ failure is that they give up easily. A study done by “Angela Lee Duckworth” Assistant Professor at the University of Pennsylvania shows that talent is not the secret of success. Most of the people who were successful are gritty.

1. Ability to take risk

Taking risk is the main component of being an entrepreneur. An entrepreneurship must have the gut to invest their time and energy along with money without having any guarantee of return. Risks can have different types but while taking risk one must ensure that the risk will somehow be connected with the mission of the organization. Even the bigger companies nowadays trying to make their employees a better risk-taker.

2. Saying OK to Failure

Failure is unavoidable in business. All the successful people failed at a certain point in time. They become successful because they were able to say OK to the failure.

If you're not failing every now and again, it's a sign you're not doing anything very innovative.

– Woody Allen

3. Innovative Idea

An innovative and timely idea is the key to success for a business. It is crucial to have an innovative idea that will differentiate the business from others. For small and medium businesses ideas may not be an important issue but for a business that is planned to scaled and enlarged need to have an idea that is both sustainable and scalable.

4. Knowledge about the market

Market data is a resource that can cause failure for a startup. It is important to research the market before starting a business. Information is one of the resources that can be collected very easily compared to other hard resources. Yet, it is the most powerful one to use for the success of a business.

5. Mentorship

Starting a business can be an easy task if you have a mentor. So before jumping into starting a business trying to create a bond with some of the people who already have a successful venture and experienced about star-ups. Getting help from the mentor will boost your start-up even more.

Lastly, capital and other resources are important but these are the 5 things that you need to ensure first. This thing will automatically bring the other resources that may have lack of. Resources are limited but it’s recourse-fullness that will help you build your business.