Entrepreneurship

Toral Sharan | Owner | LE Salon Luxiria

What is Entrepreneurship?

You may be curious about a Career in Entrepreneurship. Unfortunately, it is very difficult to find information about What Entrepreneurship actually is. Most pages on the internet just talk about How to get into Entrepreneurship. Just like you would normally not trust a non Doctor with names of medicines, you should also not trust opinions about Entrepreneurship from non professionals.

With 6 years & 8 months of professional experience, Owner Toral Sharan understands Entrepreneurship. Owner Toral Sharan defines Entrepreneurship as:

Entrepreneurship is the process of designing, launching and running a new business. Entrepreneuship describes ownership, where one can use his/her own thought process. Basically it includes creativity and communication.

How Owner Toral Sharan got into Entrepreneurship?

I did my schooling and higher studies from England. I did various certificate courses from England such as Anthropology in Sociology. And since 2012 i own a salon.

Owner Toral Sharan's Talk on Entrepreneurship

The Journey of an Entrepreneur: Torun Sharan's Insights on Building a Successful Business Torun Sharan’s fascinating journey through the world of entrepreneurship is a testament to resilience, creativity, and the impact of cultural diversity on business practices. Born to Indian parents in Uganda and educated in England before venturing to India, Torun encompasses a unique mix of backgrounds that enriches her approach to business ownership. In this article, we will delve into Torun's insights on the entrepreneurial journey, uncovering essential elements such as education, skills, the positives and challenges of her profession, and what a typical day looks like as an entrepreneur. What Is Entrepreneurship? Entrepreneurship embodies the spirit of ownership, creativity, and independence in the business world. As explained by Torun, it represents the journey of transforming ideas into reality through a blend of communication, financial management, and creativity. Entrepreneurs are individuals who take charge of their aspirations, navigating the complexities of business with a vision, establishing connections with communities and requiring a diverse skill set. Particularly in India, where entrepreneurship is a thriving venture, there exists a cultural backdrop that fosters this mindset, making it a crucial part of the economic landscape. Education Management A foundational aspect of entrepreneurship is a robust understanding of management principles. Torun emphasizes the importance of business management courses, particularly following class 12, which equip aspiring entrepreneurs with the tools necessary to operate their own businesses effectively. This education lays the groundwork for comprehending various facets of managing resources and strategizing for growth. Marketing Marketing is another critical educational aspect that cannot be overlooked. Engaging in a degree focused on marketing adds valuable insights into how to successfully promote a business. Torun notes that having marketing skills is essential since every business relies on strong promotional strategies to attract clients and retain them in a competitive landscape. Finance and Accounts Finance and accounts form the backbone of any successful business endeavor. It is essential for entrepreneurs to have a firm grip on monetary management, highlighted by Torun’s acknowledgment of the necessity for finance courses. These courses equip individuals to make astute financial decisions, manage budgets, and forecast future earnings—skills that are vital for sustainability and growth in entrepreneurship. Human Resource Understanding human resources is crucial for managing a diverse workforce effectively. Torun suggests pursuing a degree in human resources to develop the necessary skills to navigate interpersonal relationships within a business environment. This area of education helps future entrepreneurs foster teamwork, motivation, and cohesion amongst employees, which is integral for achieving business goals. Skills Creativity A hallmark of an effective entrepreneur is their creativity. Torun’s venture, Salon La Juvia, exemplifies how creative ideas must underpin business concepts, shaping everything from service offerings to interior designs. Entrepreneurs must continuously innovate to differentiate their businesses in an ever-evolving market landscape. Aesthetics Sense An aesthetic sense is vital for entrepreneurs, especially in industries like beauty and wellness. Torun explains that a keen eye for aesthetics goes beyond mere visual appeal; it serves to create an inviting atmosphere that resonates with clients’ expectations. An entrepreneur's ability to curate a unique environment can significantly enhance customer experiences. Communication Communication skills are paramount in entrepreneurship, as highlighted by Torun. She explains that effective communication is needed not only for marketing and client interaction but also in conveying ideas to team members, suppliers, and other stakeholders. A clear and engaging style fosters understanding and collaboration, which is essential for any venture's success. Patience Patience is a vital trait for entrepreneurs. Torun emphasizes that building a business is not an overnight endeavor; it requires dedication, time, and the acknowledgment that setbacks are part of the journey. Entrepreneurs need to be patient with themselves, their ideas, and their teams to cultivate a successful venture. Motivation Self-motivation drives the entrepreneurial spirit. According to Torun, maintaining motivation throughout the ups and downs is key to pushing a business forward. Entrepreneurs often face challenges that test their resolve, and the ability to stay motivated can often be the difference between success and failure. Leadership Leadership is critical in guiding a team towards a shared vision. Torun highlights the necessity of strong leadership skills in managing diverse groups of people at her salon. Effective leaders inspire their teams, aligning individual goals with overall business objectives, which is vital for team cohesion. Team Work Success in entrepreneurship often hinges on effective teamwork. Torun stresses that the collaborative dynamic among employees can enhance creativity and efficiency, leading to improved customer service and satisfaction. A successful entrepreneur fosters a team environment where ideas can be exchanged freely and partnerships grow. Positives Growth One of the most rewarding aspects of entrepreneurship is the potential for growth. Torun notes that as an entrepreneur, the opportunity to expand one’s business and personal capabilities is substantial. This growth can manifest in various ways, from financial success to personal development through unique experiences. Continuous Learning The journey of entrepreneurship is inherently one of continuous learning. Torun stresses the importance of staying informed and engaged with industry trends, through attending seminars and workshops, driving innovative solutions within her business. This commitment to learning keeps entrepreneurs agile and relevant in a competitive market. Self Satisfaction Self-satisfaction is a profound benefit of entrepreneurship. Torun expresses that personal fulfillment comes from seeing her ideas come to life and making a positive impact in her community. The ability to create something entirely one’s own results in a deep sense of achievement that traditional employment may not offer. Client Interaction An essential element of entrepreneurship is direct interaction with clients. Torun finds joy in building relationships with her customers at Salon La Juvia, as each interaction brings its own rewards and challenges. Engaging with clients allows entrepreneurs to refine their offerings and adapt to customer needs effectively. Own Boss Being one's own boss is perhaps the most appealing advantage of entrepreneurship. Torun revels in the freedom and flexibility that entrepreneurship provides, allowing her to set her hours and dictate her business’s direction. This independence is empowering and motivates many to embark on their entrepreneurial journeys. Challenges Competition One of the significant challenges Torun faces in her business is intense competition. With the rise of numerous salons in her area, standing out requires continuous innovation and strategic marketing. Entrepreneurs must keep pushing boundaries and strategies to retain client loyalty in highly competitive markets. Bringing New Ideas Innovating and introducing new ideas can be a daunting task. As emphasized by Torun, the need to constantly evolve offerings and services is paramount in retaining relevance. This challenge demands creativity and adaptability, ensuring that the business does not stagnate. Monetary Balance Managing financial stability is another notable challenge for entrepreneurs. Torun discusses the reality of fluctuating revenues and the necessity to plan for lean periods creatively. Entrepreneurs must develop strong financial acumen to navigate the financial ups and downs of their businesses. Managing Work Force Managing a workforce can be particularly challenging due to the diverse backgrounds and expectations of employees. Torun highlights that aligning her team’s vision with her business goals requires constant communication and motivation, which can be time-consuming but is essential for fostering a productive work environment. A Day Of Entrepreneurship A typical day in Torun's life as an entrepreneur is dynamic and multifaceted. She begins her day by staying motivated and preparing to inspire her team at Salon La Juvia. The responsibilities range from maintaining cleanliness and hygiene in the salon to organizing meetings with suppliers and strategizing advertising efforts. This blend of managerial and relational tasks creates a stimulating atmosphere, allowing her to harness her creativity while ensuring smooth operation in the business. In conclusion, Torun Sharan’s entrepreneurial journey underscores the importance, impact, and value of this career path. As she explores creativity, continuous learning, and interpersonal relationships, she exemplifies the qualities that successful entrepreneurs must possess. The challenges that accompany this journey, such as competition and workforce management, are matched only by the immense satisfaction and growth it can bring. Torun’s story serves as a guiding light for aspiring entrepreneurs, inspiring them to embrace their unique paths and pursue their business dreams actively.

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How to get into

Entrepreneurship?

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Links for this Talk

Owner Toral Sharan's LifePage:

[LifePage]
https://www.lifepage.in/page/toralsharan

LifePage Career Talk on Entrepreneurship

[Career]
https://www.lifepage.in/careers/entrepreneurship-5

[Full Talk]
https://lifepage.app.link/20170725-0004

[Trailer]
https://www.youtube.com/watch?v=ugGqUCPpaKc

(Entrepreneurship, Toral Sharan, LE Salon Luxiria, Business, Salon, Start-up, Beauty Parlours, Hair Dresser, Make Up Artist)

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