Deconstructing Digital Entrepreneurship | Become A Successful Digital Entrepreneur | Startups & Biz
Introduction to Digital Entrepreneurship 00:00
What is Digital Entrepreneurship? 01:17
Factors of Success for Digital Entrepreneurs 04:20
Trait 1. Ability to Scale Massively 05:47
Trait 2. Ability to make pivots 07:07
Trait 3. Resistant to Upsets and Missteps 08:40
Trait 4. Preference to Disruption 09:35
Future and Scope of Digital Entrepreneurship 10:30
Digital entrepreneurship consists of creating a business on the Internet, selling services or products online, without the need to invest in physical spaces. A few examples of digital businesses are online courses, e-commerce, blogs, YouTube channels, and technological solutions
The ability to exponentially scale
The most successful digital entrepreneurs focus on a specific specialty and then expand their horizons and grow if and when they succeed.
The capacity to pivot in a relatively short period of time
The internet is a petri dish for digital entrepreneurs and businesses, and those of us who are paying attention may watch them grow in real-time.
Cool and collected towards mishaps and upheavals
Young digital entrepreneurs must understand that what works well today may not work well tomorrow. Outside influences such as aging users, legal changes, and fierce competition can all have a negative impact on formerly thriving company models.
Disruption is encouraged.
Even though practically every entrepreneur now has a website and some form of social media presence, not every one of them is a true digital entrepreneur. It's a difficult, ever-changing game with ambiguous rules and huge rewards. Those who succeed have a clear vision, are adaptable and have a huge capacity for innovation.
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