What are the laws of entrepreneurship?

All entrepreneurs create businesses, but all entrepreneurs are not created equal.

The business mastery series is a collection of unusual articles that will take you through the essential skills necessary for successfully starting and running a SIGNIFICANT company –a business that is changing the world and profiting from purpose.

The world of business is characterized by intense competition. Meaning, there’s very little room for mediocres. If you must go into business, you must be prepared to learn and apply the required skills.

There’s a funny trend amongst many entrepreneurs starting out in business. They often have this wrong mentality that business is simply common sense. So they go into the world of business with only this mindset – to apply common sense.

How I wish business was that simple. If it were, there wouldn’t be a high rate of failed businesses.

Common sense is an inadequate skill for running a business successfully. Even your life is too complex to be handled with common sense talk less of a business.  The major reason for this erroneous approach to business is this; the acquisition of technical skills.

Technical skill is the required body of knowledge for practicing a particular profession or career.

For example; the technical skill required for being a musician is singing and song writing. In other words, you cannot be a musician if you don’t know how to sing and write songs. Also, the technical skill required for being a doctor is the knowledge of how the human body functions and knowledge of the medicines to correct any malfunctioning.

 Why Common Sense Is NOT Sufficient To Run A Business

In business likewise, common sense is insufficient. That you have been trained and equipped with a particular technical skill which qualified you to operate as a professional, doesn’t make you a savvy business person. I‘ve been in business for over 5 years now and I’ve been observing many a business as they  come and go due to the  incompetence of the founders.

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The Extra-Ordinary Jon Morrow!

Here’s another edition of the Unusual Entrepreneur Interviews and today I am very honoured to have gotten this Unusual Entrepreneur in question. His name is Jon Morrow, the Associate Editor of one of the greatest blogs on earth, Copyblogger.

If you are just joining us for the first time, this is the second interview of the unusual entrepreneur interview series. It is a parade of unusual entrepreneurs who are changing the world and profiting from purpose. Profiting from purpose by changing the world isn’t an impossible dream as many tend to think of it, but a realistic one as many unusual entrepreneurs have extraordinarily proven. It is my life mission to understand the unusual qualities of such unusual entrepreneurs and inspire as many others to profit from purpose by changing the world.

This is the purpose of naijapreneur and the essence of this new category of information tagged “Unusual Entrepreneur Interviews”. In these interviews, I’ll be profiling several unusual entrepreneurs who are changing the world and profiting from purpose. The interviews are divided into 3 parts;

• Part 1: ENTREPRENEURSHIP – these are questions that focus on how these unusual entrepreneurs awakened the Spirit of business within.

• Part 2: STRATEGY – these are questions that focus on the unusual execution of business best practices adopted by these unusual entrepreneurs.

• Part 3: MISCELLANEOUS – these are resourceful recommendations, tools, books, and ideas necessary for unusual entrepreneurs.

If you’re just joining us here and is not yet familiar with our philosophy of unusual entrepreneurs, kindly download our free ebook: The Entrepreneur’s Journey. This is the official manifesto for anyone who wants to change the world and profit from purpose.

Without further ado, let’s begin!

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Kristin (L) Shannon (R)

Profiting from purpose by changing the world isn’t an impossible dream as many tend to think of it, but a realistic one as many unusual entrepreneurs have extraordinarily proven. It is my life mission to understand the unusual qualities of such unusual entrepreneurs and inspire as many others to profit from purpose by changing the world.

This is the purpose of naijapreneur and the essence of this new category of information tagged “Unusual Entrepreneur Interviews”. In these interviews, I’ll be profiling several unusual entrepreneurs who are changing the world and profiting from purpose. The interviews are divided into 3 parts;

• Part 1: ENTREPRENEURSHIP – these are questions that focus on how these unusual entrepreneurs awakened the Spirit of business within.

• Part 2: STRATEGY – these are questions that focus on the unusual execution of business best practices adopted by these unusual entrepreneurs.

• Part 3: MISCELLANEOUS – these are resourceful recommendations, tools, books, and ideas necessary for unusual entrepreneurs.

If you’re just joining us here and is not yet familiar with our philosophy of unusual entrepreneurs, kindly download our free ebook: The Entrepreneur’s Journey. This is the official manifesto for anyone who wants to change the world and profit from purpose.

This is the very first edition of the Unusual Entrepreneur Interviews. In this edition, I present to you 2 women [Kristin and Shannon] who are profiting from purpose by changing the world through clothing.

Since this is an interview and not an article, I leave these two unusual women entrepreneurs to speak for themselves.

Let’s begin!

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By Tito Philips, Jnr.

Why do Most Entrepreneurs Fail in Business?

Entrepreneurship is a way of life that offers unlimited possibilities to those who truly believe in it and live by it. But at the same time, entrepreneurship is a way of life that can totally alter the course of your life if misunderstood. Entrepreneurship is not something you can fake your way through; you are either doing it right or not doing it right simple. There are no ways around it.

To help you better make that choice, here are 7 Indicators of entrepreneurs who are headed for doom. As you go through the list, be sincere to yourself and tick each of the signs currently present in your entrepreneurial life. The purpose of this article is not to scare you or condemn you, but rather to alert you and help you retrace your steps back in the right direction before your entrepreneurial journey goes up in flames!

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This is the third part of a series I began in January to help we entrepreneurs evaluate our personal progress. You can catch up on the first two articles of this series below:

Major Misconceptions About Progress

The 5 Elements of Progress

The focus of this third part will be on the actual tool and steps to use when evaluating your progress. In this article, you will learn that for progress to be attained, goals, objectives or dreams must be achieved first. As you will find out in the article, there are certain factors that can aid or hinder the attainment of goals, objectives or dreams. Understanding these factors and how to know which one to focus on is the essence of this third part of the series.

Enjoy!

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