Top Things You Need to Know About Technopreneurship
Entrepreneurship is an elastic term that can refer to small businesses and startups. It can also refer to the pursuit of opportunities despite limited resources. However, this is a traditional definition of the term.
Nowadays, entrepreneurship refers to a certain way of thinking that combines leadership and opportunity. It involves innovation that can impact the community and the world. Such innovation that has certainly made an impression globally is technopreneurship.
Technopreneurship defined
Simply put, technopreneurship is a blend of "technology" and "Entrepreneurship". Through combining technological innovations and entrepreneurial skills, business success is achieved. Technology has been long time used to transform products and services in the business sector. However, technopreneurship uses technology in a more intensive context.
A successful technopreneur is one who shakes the economy by introducing innovative products and services. A technopreneur does this by discovering the use of new materials and forming new structures of organizations. Technopreneurs are knowledgeable and skilled in mobilizing resources and have the right leadership qualities.
Leading technopreneurs
Technopreneurship has made most of the world's current billionaires. Some of the most famous technopreneurs include Bill Gates, Jeff Bezos, Elon Musk, and Mark Zuckerberg. These individuals started and manage their own technology businesses which catapulted them to success.
Elon Musk
Elon Musk is the CEO of PayPal, Tesla, and SpaceX. Through Tesla and SpaceX, he works to change transportation in and out of the Earth. Currently, his rocket company is worth 74 billion dollars.
Bill Gates
Bill Gates is one of the most popular tech billionaires around the world. Founder of Microsoft, Gates is a Harvard dropout who successfully made millions through creating Windows and other software products.
Mark Zuckerberg
Facebook's founder, Mark Zuckerberg has claimed popularity after establishing the social media website that shook the world. One of the youngest technopreneurs, he created the website as a Harvard student in 2004. After his success, he has been involved in both charity works and political issues such as immigration reforms.
Jeff Bezos
Currently the richest man in the world, this technopreneur started as an online bookseller and later on created Amazon that sold different products in different parts of the world just through the use of a digital device. He also invested in space travel and dabbed in politics by giving a significant amount for marriage equality support.
How to become a successful technopreneur?
To get into technopreneurship, one can start by getting a Bachelor of Science in Computer Engineering (BSCpE course) or any other computer or technology degree.
A technopreneur starts his or her business by conceptualizing a business idea. This idea, to be successful, must be something new and something no one has ever done before. Technopreneurship involves finding new innovative solutions to existing consumer problems by using technology. As an example, Uber successfully provided consumers with an option to book a cab through an application, at the most convenient location.
Execution is crucial for technopreneurship. At the same time, it is important to think out of the box and explore unchartered territories. A technopreneur must be persistent and must never give up despite failures.
Moreover, one must have solid problem-solving skills to build a startup; it's expected that a new company will face many challenges and a technopreneur must be ready to face these challenges. A technopreneur must be firm in his decision and execute the solutions to every challenge with certainty.
Lastly, a successful company needs a great team to have the right support. A company will only be successful with a dedicated and passionate team that works together to lift the company up.
Importance of Technopreneurship
Technopreneurship improves people's lives. From creating opportunities to producing innovative products and services, technopreneurs play an important role in society.
Employment Opportunities
Any business that starts creates new job opportunities; it is the same for technopreneurs who begin startup businesses too. Through tech startup companies, they contribute to solving unemployment around the world.
Convenience
It is no surprise for a lot of people for new technologies to emerge. People are actually waiting for it and expecting it; just take a look at the lines at Apple Stores every time a new version of iPhone drops. People around the world expect new innovations in the hope to discover new products that will make their lives more convenient. Individuals love new technological advancements because they wish to do things faster and easier.
Basically, the essence of technopreneurship is to discover new ways in improving people's lives and turning them into profitable business opportunities. The best way to start in the field is through acquiring the proper education. After that, your skills, knowledge, and ability to know what the people need play an important part in making a techno business a success.