We have ideas/services inside us
that we want to offer to the community but we are scared of taking the bold
step. Fear ruins our hidden forte and we need to Learn how to manage it, while
failure geared us towards success. For one to be successful in business you
must have failed and learn in the process.
I
will carefully and briefly discuss five talking points of
the lecture:
1. What
Defines an entrepreneur from others. An entrepreneur takes risk, create, own
and control a system and employs over 500 to work that system for him/her.
However, it requires patience as you will start small before expanding
gradually. He also creates a niche for his business and provide excellent
customers service. He possesses this seven qualities of leadership: Vision,
integrity, courage, humility, strategic planning, focus and cooperation
2.
Entrepreneur understands how cash flow works and regulates it. He doesn't live
above his means and knows that either he makes profit or break even instead of
loss. However, if he makes loss, it is for a reason and might get times 2
profit in the future and make up for the loss.
3.
The pathway to successful entrepreneur involves you doing your background work
before venturing. Having a good business model, creating an outstanding
business plan, identifying the right market and pitching up your business ideas
to attract investors. However, before you can attract investors you must have
started something. You need to remove from your pocket, before others will
support you.
4.
Skills for growth and development: for you to be a successful entrepreneur, you
need combination of skills including 90 percent financial education and 10
percent emotional intelligence and technical knowhow. Communication Skills (listening,
reading, speaking and writing), public speaking skills, networking skills,
human relations skills, managerial skills, personal code of ethics.
5.
You need a mentor to guide you to become a successful entrepreneur, some ideas
need partners. You work with partners who are expertise in the area you are
lacking and make sure you are bind legally. Passion builds business not fear. I
want us to challenge the normal and I am not normal, then you shouldn't too (Adepeju
Jaiyeoba), Education and making a difference is the key to successful entrepreneurship.
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