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So You Want To Be An Entrepreneur? Part 2

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# Nigeria, Balances, Bank, Bill Gates, Brands, Business, Cash, Change, Creators, Education, Entrepreneur, Finance, Financial, GT Bank, Ideas, Investor, Linda Ikeji, Market Analysis, Michael Bloomberg, Microsoft, Million, Motivate, Numbers, Risk, Time, Tu Face, Value, Venture

 In continuation of my earlier post “So you want to be an entrepreneur“? Here’s the concluding section.Enjoy

The Entrepreneur

4. Keep Educating Yourself

Plato is popularly known for his saying that “Education is the best provision for old age. To know more, read more, and to read more and know more depends on how well you develop your interests in wanting to know more about your chosen line of business. The most powerful word in the English language is “Why.” There is nothing so powerful as an open, inquiring mind. Whatever field you choose for starting a business – be a lifelong student. The world is full of people who have stopped learning and who think they’ve got it all figured out. You’ve no doubt met some of them already – and you’ll meet plenty more. Their favorite word is “No.” They will give you a million reasons why something can’t be done or shouldn’t be done. Don’t listen to them, don’t be deterred by them, and don’t become one of them. if you want to fulfill your potential to the fullest, – and not if you want to change the world for the better than the way you met it. Educate yourself, attend seminars, get a paid tutor is need be, attend trainings, get an additional skill. Knowledge creates more avenues for wealth to be created.

5. Start Out Small

The Bible has this to say about small beginnings, Despise ye not, the days of little beginnings. In reading about some of the world’s biggest and most successful brands, One thing that almost serves as a common denominator is the simple and honest beginnings of each enterprise, Bill Gates Microsoft, Steve Jobs Apple, Tuface Idibia, GT Bank, Linda Ikeji, all started out small. The first step is to recognize a source of income, locate your target market and build upon it. The current aide of having a table, a sit and computer and an air conditioned office has left many who started out on the entrepreneurship journey stranded.

Starting out small doesn’t always have to be in a ram shack, location, it means being able to tailor your expenses in line your profit.

6. Give back.

You are ultimately responsible for your success and failure, but you only succeed if you share the reward with others. At the end of the day, ask yourself: “Am I making a difference in the lives of others?”Remember? This was one of the motivating factors why you started out. They come with the same spirit. You don’t have to be wealthy to give back. You can give back by getting involved and giving your time and talents. You just have to be committed to opening doors for others.

7. Attend To Numbers

If there’s something most consultants won’t lay emphasis on, it’s the issue of numbers! As an entrepreneur, paying attention to numbers is the first step towards making the right direction. You have to be street smart, leaving your comfort zone, your little office, get into the streets, develop a questionnaire, if you can’ t,  get a professional in market analysis to help you design one, know the facts, know the numbers, statistics is the lifeline  of every business. That’s why foreign brands would want to risk investing in Nigeria why? Because we have the ready population of say 200 Million people!

So? As an entrepreneur, here’s what should motivate you:

The urge/desire to change things for the better, taking risks and pursuing seemingly impossible ideas,

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So You Want To Be An Entrepreneur? Part 1

23 Friday Aug 2013

Posted by Urban Writer in Generalis

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Tags

# Nigeria, Balances, Bank, Bill Gates, Brands, Business, Cash, Change, Creators, Education, Entrepreneur, Finance, Financial, GT Bank, Ideas, Investor, Linda Ikeji, Market Analysis, Michael Bloomberg, Microsoft, Million, Motivate, Numbers, Risk, Time, Tu Face, Value, Venture

Good news! Guess what? Someone wants to be an entrepreneur. Great ideas, well designed business plans! Great expectations yeah? But before you take a leap off that cliff, before you make that final decision on becoming your own boss. Here are a few facts you might want to consider.

 An Entrepreneur: Someone who organizes a business venture and assumes the risk for it

The Entrepreneural Mindset

Entrepreneurs are contrarian value creators, they see economic value where others see heaps of nothing, they see business opportunities where others see only dead ends and obstacles. But of all the factors that must influence one’s decision to be an entrepreneur, the desire of making huge returns in a short while should be ruled off the list why? Because if you go into entrepreneurial venture with the sole aim of making money, you’d discover that the business will not stand the test of time. So entrepreneurs who want to succeed would usually, want to make a difference in people’s lives not just to add an extra cash to their bank balances. So before you go into that business, here’s a list of what you traits ought to have.

                                               

1. Take Risks.

Life is too short to spend your time avoiding failure. Michael Bloomberg, a renowned financial investor was the age of 39, fired from the only full-time job he ever had. Not too long after that, he took a big risk and began his own company based on an unproven idea. Everyone thought the business would fail. But his business idea was simple-making financial information available to people, right on their desktops. This was before the advent of desktop computers. If your passion is so strong and you feel the need to be extra motivated. Picture yourself doing what you’d love to do. There power in imagination. In order to succeed, you must first be willing to fail – and you must have the courage to go for it anyway.

2. Create Your Own Luck.

Luck plays a part in success, but the harder you work, the luckier you get. Whatever you choose to do, even if it’s not the job of your dreams, always work hard at it. Be the first person at work in the morning and the last to leave at night. Hard work creates opportunities where your resume cannot. Sometimes, human efforts can trigger unexpected miracles. Be sure to be steadfast, creative and have a positive attitude in all you do, in that way you’d get connected to success unexpectedly.

3. Be Persistent.

There’s this saying that persistence is stubbornness with purpose. Really true! Persistence really does pay off. While starting an outfit could be really challenging and tedious, you have to be tenacious, know your target audience – and walk the hallways with them even to get their attention! When you repeatedly do something, it becomes a part of you and before you know it, it begins to get registered in the subconscious minds of people Even after making series of presentation, meeting, calls and you are not given prompt, attention and /or replies, don’t get tired! The third attempt in everything always gives hope for more efforts. Day after day, keep working to build relationships with potential customers. Learn about the audience for your product and explore available platforms to showcase your handiwork.

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