Dr Farrah Arif: The foremost element is inquisitivity. Entrepreneurs want to do the things in their own way and in a better way. They remain successful, if they are also the passionate individuals who show perseverance. In the end they need to have a business sense with a belief in teamwork & collaboration.
Dr Mir Dost: Does gender matter to become an entrepreneur?
Dr Farrah Arif: No, it should not. However, women, particularly in Pakistan, are conditioned not to pursue their individualistic paths / ambitions. They are told to be a family person. Therefore, their entrepreneurial ventures are compromised and they, in most of the cases, cannot reach the optimal growth.
Dr Mir Dost: In your experience, what is the ideal age of becoming entrepreneur?
Dr Farrah Arif: No cookie cutter approach. Anyone at any age can become an entrepreneur provided, the one has the ingredients explained in earlier: inquisitivity; perseverance; belief in teamwork & collaboration.
Dr Mir Dost: From 1 to 10 scale, to what extent unavailability of funding is hindrance to become an entrepreneur?
Dr Farrah Arif: I will say, '6'. A true entrepreneur will pursue the idea in any case. However, unavailability of a decent funding will slow down the pace of scaling up.
Dr Mir Dost: Are you an Academic? Entrepreneur? Both?
Dr Farrah Arif: Both. However, many people would classify themselves as entrepreneurs because they have registered a company and running perhaps a one man show. A wrong classification of an entrepreneur.
Dr Mir Dost: Your overall experience with your venture?
Dr Farrah Arif: What a journey of conceiving an idea and then developing a technology company, and continuously pushing it. Loving each bit of it. Did many mistakes. Wastes a lot of money. But isn't it a part of the entrepreneurial journey? Mistakes are your biggest investments that you have to do to have the first footstep towards success.