How Saththia Lingan Sees the Future of Entrepreneurship
Introduction
Saththia Lingan says In the last
two decades, the entrepreneurship definition has had significant changes.
Today, there are endless opportunities available for entrepreneurs. In 2022,
the inspiration and competitive drive for entrepreneurs is also at an all-time
high.
Bu the role of an entrepreneur
has, in fact, come a long way. If you jump back to the 1940 or 1950s,
entrepreneurs didn’t have many opportunities to raise capital. But today there
are over 582 million entrepreneurs across the
world.
Naturally, there is an explosion
of opportunities and competitive entrepreneurs want to bring something new to
the table. It is interesting to witness that modern entrepreneurial efforts are
built on the foundation of traditional entrepreneurship.
Entrepreneurs of 21st Century
Entrepreneurial
opportunities have also become more diverse and no longer discriminate against
people of color, women, disabled, and minorities. Saththia Lingan (a.k.a. Sath)
Lingan believes that the number of business entities owned by members of these
groups will continue to grow strongly into the future as we all long for the day
that everyone is equally represented in the business world.
Optimism is integral to become a
successful entrepreneur and Sath is aware of ample opportunities that encourage
more entrepreneurs to dive into the capitalist free market. Despite high
competitive stakes, entrepreneurs are competing on a leveled playing field. In
this day and age, the educational background and vocational standards of
entrepreneurs is at an advanced level.
More Focus on Entrepreneurial Spirit
Entrepreneurship spirit revolves
around how you create, build, and scale up your business to generate sizable
profit. On the surface, it may sound straightforward but entrepreneurs now have
to become problem-solvers and innovative to address internal and external
challenges.
Fundamentally, modern
entrepreneurship should be able to capture the essence of old school
entrepreneurship. The last thing an entrepreneur should do is view change as a
threat. Instead, it serves as an opportunity to transform business and drive
social change. After all, an innovative product has the power to make a
difference in people’s lives on a regular basis.
Take the First Initiative
According to Saththia Lingan,
entrepreneurship is all about your willingness and ability to take the first
step. It’s a leap of faith that requires you to make some life-changing
decisions. As an entrepreneur, you have to be an impressive problem-solver.
Sath understands that
entrepreneurs of independent projects use a variety of tools to optimize
business operations. But optimization is never the end game. Instead, it’s how
you plan to expand your entrepreneurial efforts moving forward.
In 2022, you have to be
calculative, logical, responsive, and objective to become a successful
entrepreneur. Sath has had a successful entrepreneurial drive and now
recognizes that the development of the basic idea is essential to ensure
business demand and cater to the target audience.
The Modern Entrepreneurial Approach
Despite how simple or complex the
idea may be, “how” an entrepreneur approaches the idea to move forward can make
all the difference. From marketing to finance to management to accounting,
every aspect matters to the entrepreneur.
Saththia Lingan believes that the
most successful entrepreneurs are the ones that learn from their experience. In
fact, experience teaches entrepreneurs to make a robust and comprehensive
business plan and get funding in an efficient manner.
A lot depends on “how”
entrepreneurs recruit and manage workers. As an entrepreneur, you consistently
have to develop, test, support, maintain, and implement changes to the product
and adapt to market standards.
Similarly, entrepreneurs should
be able to attain and retain customers through attractive offers. The journey of an entrepreneur kicks off when
the company starts to grow. But before you expand or improve product lines, it
is vital to seek out professional help from business consultants and advisors.
Final Thoughts
In the long run, entrepreneurs
have to dive into strategic planning to make financial and management
decisions. Typically, having an MBA allows entrepreneurs to learn and master
essential business skills. But to reach the top of the ladder, entrepreneurs
have to understand the managerial, financial, and operational processes without
compromising on strategic goals.
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