2ndMar

A Journey to ENTREPRENEURSHIP – Part One

The quest for entrepreneurship development has never been in high demand like today. Conferences, workshops, seminars and talk shows are organized on daily basis around the globe to get people thinking; entrepreneurship, as a tool for a sustainable life and to promote financial independence, stimulate economic growth, eliminate poverty and significantly reduce the rate of unemployment in our communities. Entrepreneurship development is the focal point and the key ingredient for stimulating growth and employment opportunities in all societies.

Understanding Entrepreneurship

Entrepreneurship is an ability to turn ideas into action. Many have good ideas running through their minds daily, but only few can dare to put those ideas into action. Entrepreneurship is a mindset and an attitude, combined with skills and tools to turn ideas into action.

What does it take to become an entrepreneur?

Becoming an entrepreneur, starts with the change of your mindsets, which helps you develop the right attitude that would enable you be optimistic, confident, persistent, committed, curious, creative, innovative and proactive in your idea, and whatever field of entrepreneurship you choose to invest in.

Entrepreneurial mindset development starts with an X-ray of a person’s personality which has a greater role to play for you to become an entrepreneur. This X-ray helps you know what is required of you, what you have at your disposal, and what you need to fill the gaps that exist.

What I mean is, you need to: Study your industry, know the skills, the financial requirement of your business idea, technical knowhow, human capital, and more required for you to start or launch your idea. These is normally done when you properly do your research (business feasibility) to enable you know the viability of your business idea.

When this is done, you will need to identify the gaps that exist, which is (what is require less what you have). This information will enable you strategize and set modalities that would enable you reach your target. Many businesses fail at times because they don’t take time to examine their industry before penetration.

Does it require any special skill?

Entrepreneurship is seen as a vital tool in promoting innovation, competitiveness, and economic growth in our communities, but however, it requires the right skills to function appropriately. The good thing here is that, entrepreneurial skills provide lots of benefits, regardless of whether you intend to become an entrepreneur or not. The skills are highly sorted and can be used across your entire working life, especially as they compass Creativity, initiative, tenacity, teamwork, understanding of risk, and a sense of responsibility.

Entrepreneurial skills are not related to a specific occupation, discipline, or qualification. Read my next episode on entrepreneurial skills.

 

By TAMINANG Search, to African Aspiring Entrepreneurs

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