DNA of Entrepreneurship Lies in Sprituality

August 27, 2021

Spirituality is an essential nature of human being that strengthens their purpose and mental power to do something for the betterment of community. Spirituality is a search for inner identity, connectedness and transcendence. Spirituality is becoming an important topic in Management, Economics, particularly in entrepreneurship. A real entrepreneur is not just looking for his own benefit, but working for a higher cause. Any business which is beneficial and helpful to others will grow better and enjoy economic benefits. Entrepreneurs are problem solvers; they work to resolve issues of the masses. Entrepreneurs are innovating, risking and overcoming every hurdle to create a better world. Peter Drucker who is well known as the father of modern management defines the entrepreneur as “someone who always searches for change, responds to it, and exploits it as an opportunity.” The word entrepreneur itself originates from the French word “entreprendre” meaning “to undertake”.

Entrepreneurship is Personal Development Program

Becoming an entrepreneur can be the best Self Development Program. Business grows only if the entrepreneur grows internally. If Entrepreneur does not grow internally, the opposite is also true. One reason why 9 out of 10 business fail in the first five years is because the entrepreneur doesn’t learn fast and adapt.  Research shows that the brain capacity of an average person is far greater than its usage. The most successful entrepreneurs are willing to sacrifice hours of sleep and skip social activities with friends in order to invest in their potential. They don’t waste countless hours scrolling on social media or gossip, they feed their brain with quality content, they surround themselves with successful people. They are always curious about new things. And while there are differences in the potential that each of us possesses the good news is that our brain power can be harnessed. Outstanding entrepreneurs are able to absorb valuable information and knowledge for everyone like sponges. Being a fast and persistent learner is a must for entrepreneurs in today’s faster than ever changing world. With calm and relax mind we can harness brain power better. Meditation plays a big role in making an entrepreneur alert and awake. Humans are endowed with vast potential, in absence of purpose and will to do, most of the potential remains unexplored and unused. The greatest waste on the earth is unexploited potential.

Passion

Passion is the key source of energy, motivation and hard work. It is the driving force for every entrepreneur. If you are passionate about something you thrive to succeed, you love what you do so much that you want to do more of it. Successful entrepreneurs know “what makes their heart sing. Spirituality helps in knowing oneself. Spirituality help entrepreneurs see opportunities where other see problems

People Skills- Business is easy; people are difficult

One reason many people don’t do well in business is because they do not learn people skills. You don’t build a business. You build people, and people build the business’.  Entrepreneur needs immense courage to deal with people who couldn’t see his vision, who couldn’t expand their focus and see things as they could be, rather than as they were. Every single business depends on people. The success of an organization, family and of the whole country, depends on the people. Every entrepreneur, leader or manager with a vision needs a team that supports its vision to make it a reality. It is up to the ability of entrepreneurs to find the right people, to communicate the vision, to attract talent, to invest in building and sustaining their skills set, their energy, attitude and positivity. Strong relationships and strong team is the key to success. Only dreamers think relationships are always happy. All relationships have disagreements, criticism, conflicts and rejections. Great leaders know the principle: Unite to win, divide to conquer. Spirituality makes you strong to handle challenges when you deal with people.

Self Awareness, Habits and attitude

Self awareness plays a great role in developing great leadership. True Leadership demand developing integrity-coherence of thoughts, words and actions. Be true to yourself. Spirituality plays a big role in developing self awareness.

Habits & Attitudes

Habit is like a rope, made unconsciously, strand by strand on a daily basis. Since habits are powerful factor for success, or failure, for an Entrepreneur. Every entrepreneur need to examine consciously what he is thinking and doing unconsciously. So that he can make conscious efforts to change the habits that obstruct big growth.  We can change the way we think and act. Humans are gifted with unique ability to change the way they think, that is why humans also have a unique power to make or change habits

Leadership

Leadership is the root of success and failure. Great entrepreneurs can make a positive impact on the lives of people. Great leadership can shape an organization and poor leadership can sink an organization. Leadership can be developed and refined. It begins with leadership of self; it then moves to leading others.

Focus: Spirituality help entrepreneurs develop a singular drive that gets them where they are going. Because of intense focus, nothing can derail them or their plans. The entrepreneur’s ability to dream, win, lose, and win again and again is often called entrepreneurial spirit. Without Deep faith, it is extremely difficult to manage uncertainty. Despite Failures “Entrepreneur grab the opportunity to begin again- more intelligently”

Emotional Maturity and Strength of Character:

Many people blame circumstances, lack of capital and lack of real business experience for not living dream life of an entrepreneur. But with my personal experience, I must add a fourth reason i.e. lack of emotional Maturity and strength of character. The world is filled with smart, well educated, talented people, who fail to develop their God given gifts. But at the same time world is filled with people who have great ideas about how to make money but are too lazy to execute. World is filled with people who who live in the future and fail to take action today.  There are billions who want to change the world but can’t change the conditions of their own lives. There are no of people who lie, cheat to others and themselves and still believe they are people of integrity. Without the emotional maturity and strength of character it is difficult to reach pinnacle of success. Spirituality helps to develop emotional maturity and strength of character. They are proactive instead of reactive, they play offense, instead of defense.

Entrepreneurship brings detachment: Successful entrepreneurs (1) disengage from the problem– and do their best karma to find a solution (2) engage in Higher Wisdom (3) re-engagement in the problem–from the level of highest wisdom to the specific context of the problem in question so that requisite action can be taken with an enlightened perspective. Without Self Awareness detachment is not possible and self awareness comes with spiritual growth.

Success requires Sacrifice. I have yet to meet a successful person who did not sacrifice tremendously for success. Unfortunately, most people are not willing to pay the price. It is easier to be average, comfortable, safe, secure, and live life just below success. Spirituality gives you strength to sacrifice personal comfort for bigger cause. Nothing in life comes easy (at least success and good things). If you have a mission, if you have a passion it will not be easy. The road will be bumpy, the will be rocks on the way, some of them will be light, some will be super heavy but if there aren’t any rocks one thing is sure – you are not on the right road.

Stress, Fear and Indecision

Entrepreneurs must learn how to handle stress and fear. They must learn how to become more decisive, in fast changing world. Stress and fear must motivate entrepreneurs to become more creative, learn faster, and increase their knowledge about people and business. Spirituality can help entrepreneur overcome Stress, fear and indecision. Everybody wants change but nobody wants to change. The resistance to change is in our human nature but the faster we train ourselves to accept and adapt to change the faster we will become better. Successful entrepreneurs are flexible, they can adapt and change quickly. The ability to perceive change as a positive thing, to react and adapt to it is one of the most powerful skills.

Entrepreneurs are great contributors; they generate meaningful employment and drive the society. Entrepreneurship is truly noble. As per Bhagvad Gita “a person who thinks of the larger good of people is termed as Yogi”.  So for serving society at Large , one need to be very strong and Spirituality provides strength to an entrepreneur to work to its fullest capacity despite all odds.