As I was reading a cartoon section that a very promising entrepreneur had produced, these 12 steps this young man had to take to develop his entrepreneurship skills came to mind. I hope it helps you.
The Entrepreneur:
1) Learns from the masters of the trade and studies their methods and lessons diligently.
2) Plans his endeavour in fine detail with due diligence.
3) Slowly but steadily at first, and crossing many obstacles without stopping.
4) In time, mastering the business and growing in credibility, reaching out ever further.
5) Wealth is built through the years of hard work and prudence.
6) Like in the summer, enjoying the fruits of one’s long labours.
7) Society sees you now, you are well respected, welcome.
8) There’s time for contemplation and funds for expansion, use them wisely.
9) Wiser now, plan for your future nexus, and due diligence still rules the day.
10) Like a warrior, decisiveness is instant, progress and victory is swifter.
11) Recognition, you are the sage among your former peers.
12) You and your words are known and travel far and wide, as a master to your students.
Your mission after all, is entrepreneurship.
Technorati Tags: Entrepreneur, Entrepreneurship
Tags: Entrepreneur, Entrepreneurship
Posted in Entrepreneurship For Financial Freedom., Entrepreneurship In 12 Steps | No Comments »
The recession is upon us. Worse, price deflation is taking hold. Prices are falling in homes, gas, products, services…Your financial freedom is at severe risk. Will you lose your job? Can the big corporations survive? Yes, they can. If the corporate giants like banks support the Entrepreneurship movement.
Customers one at a time is how large corporations used to build their customer base. It is the same all over again. Catering to small businesses and start ups is paramount. Why? In North America and the rest of the world, small businesses created by entrepreneurs can easily exceed 80% of all jobs created. In some countries, that’s over 90%.
In fact, with the change in world wide economic factors, large corporations no longer hire that many people and because of efficiency factors and cost cutting, most of the work are actually outsourced to smaller and far more flexible small businesses.
Entrepreneurship need not be a jigsaw puzzle.
To some people, this is the end of the world because they have no idea where to start. The great fear of failures is often the deciding factor. Now, I there are probably thousands of sites offering information on how to start a business and entrepreneurship stats. I will not replicate them here. But only offer my opinion.
You see, the failure rate for new businesses is about 80% after 3 years (not 5 years). And by ten years, more than 96% are no longer in business. Does this seem like a losing proposition? Far from it! The truth is, most small businesses morph itself into something else. Many small businesses are very flexible by their operating nature and many will change their business direction, and their business registration altogether. The survivors will be making enough money one way or another.
By comparison, large businesses are very inflexible. To make any changes, it takes a long time and often at great costs of all those departments, personnel and documents. This is like steering a drastic new course for those huge ocean liners – it takes a huge effort.
In contrast, speed boats can manouevre with incredible agility – just like a small business. And entrepreneurs are very adaptable to change to take advantage of opportunities.
I’ll offer one last opinion as to why starting a small business is advantageous. Over 90% of new millionaires are small business owners who have made their money in three to ten years.
Let’s face reality. The only 3 strong reasons why people don’t take that route to financial freedom is because of:
a) The fear of the unknown.
b) The lack of knowledge or education about starting a new business.
c) The negative crowd around you.
Technorati Tags: Entrepreneurship, Financial Freedom, Small Business
Tags: Entrepreneurship, Financial Freedom, Small Business
Posted in Competition and Business Strategy, Entrepreneurship For Financial Freedom. | 1 Comment »
