Browsing: Entrepreneurship

The idea of being lazy will totally seem like an insult to our entrepreneurial personality; for crying out loud, we dare what others don’t, right? The truth is we entrepreneurs are more susceptible to laziness in more ways than the average person in the world. The very fact that we are on a mission to create change through whatever business we’ve chosen to venture into calls for more discipline and hard work many of us are having a hard time coping with.

There are only two kinds of people in the world; those who like doing things ‘with people’ and those who like working ‘with things’. If you are the kind who likes working ‘with people’, then you are a ‘people person’; and if you are the kind who prefer working ‘on things’, then you are a ‘process person’. What do I mean?

I’m not saying they aren’t exceptions to this. The key is to find out which of the two kinds of persons you are DOMINANTLY. That is; of the two, which do you majorly operate under? It is possible to learn how to be a ‘process person’ if you are predominantly a ‘people person’ and vice versa. Your task is to find purpose by focusing on your predominant side and compensate for the other side by learning their core abilities.

Purpose is what brought you to existence. You don’t exist to choose your purpose; you exist for a purpose. It’s because there was a need (intention) that’s why you were created (intended) as a solution to that need. You are a solution to an existing problem. You don’t question purpose; you submit, obey purpose. No creature questions the intentions of the creator. Your job on earth is to find and follow your purpose. The usefulness of an invention can only be explained by the inventor and not the other way. Conclusively, purpose is the intent of the creator, and it is to be obeyed and followed.

Entrepreneurship is much more than making money. It is a calling. And like every other calling, it’s people-centered. It’s never about you, it’s all about others. It’s a calling to serve; it’s not about what you can accumulate (money/profit), it’s about what you can contribute (service/value). Why do I say this?

what is a business model?

In the words of Seth Godin;

“This classic MBA phrase describes how you set up a business so you can get money out of it. A business model is a machine, a method, a plan for extracting money from a system. Without a business model, a company can get publicity, hire employees and spend money, but it won’t make a profit.”

As an entrepreneur, if your idea of a great company is to own a business that makes you loads of money, then I suggest you find another career path for yourself, because being an entrepreneur might not be your thing. Why? Because true entrepreneurs seek to make a difference by creating something new and exciting; money is never their primary objective. Their sole objective for going into business is to build a significant company. That is; a company that is different (uniqueness) and making a difference (usefulness). To bring this significant company into existence and nurture it into greatness is the passion of a true entrepreneur. Money is never their main reason for existing, to them, money is only a reward or the result of their commitment and passion to building a great company. As a result, true entrepreneurs don’t do business as usual – they go about business in an unusual manner. In other words, true entrepreneurs are not motivated by money rather they are motivated by a cause. They go into business to make a vision, idea or dream a reality both for themselves and for others. Their passion is building a significant company and nurturing it into greatness.

Success they say is when opportunity meets with preparation. To succeed, you must train yourself first to identify opportunities, then look for ways to seize those opportunities. In other words, success is developing the ability to recognize opportunities and developing the capacity to seize those opportunities recognized. Most times, when you see great achievements, don’t just marvel at the results, find out what specific actions was taken before they got the kind of results you now admire. It’s those set of specific actions that gave birth to the results you now admire. You cannot hope to achieve the same kind of results they achieved by simply studying or copying the results, never. To get the same results, you’ve got to identify, learn, master and take the same set of specific actions.

The entrepreneurial life is very overwhelming, more like joggling too many balls in the air. In a rather funny way, the odds always seem to stack up against we entrepreneurs. What then shall we do; give up our entrepreneurial quest and settle for less? Or march on courageously despite seemingly insurmountable obstacles? I’m sure you would most likely agree with me that the second option is our surest bet as entrepreneurs and the very essence of the entrepreneurial spirit. You did not choose to become an entrepreneur because the journey is easy, NO. You chose to become an entrepreneur because the journey is worth it.

Young men who want to start making millions today have a wide variety business fields to choose from when selecting their careers. The one an individual selects will, of course, depend largely on his particular talents, interest, background, training and experience. No one can possibly achieve any real or lasting success or ‘get rich’ in business by being a conformist (conventional). The man who comes up with a means for doing or producing almost anything better, faster or more economically has his future and his fortune at his fingertip!

The 3 Essential Roles Of Successful CEOs. The role of a CEO is a 3-dimensional one involving three major responsibilities. So just as everybody else in your company, you as the boss also have certain key roles in which you have to function. Below is an overview of your work description as a CEO. The whole idea of being your own boss is about to go sour if you are not prepared to do the work that comes with the title.

How To Work And Get The Kind Of Results You Want. We all know intuitively the benefits of work, hard work, or working hard. Here are some quick reminders;

“He who does not work, should not eat.”

“The only place success comes before work is in the dictionary.”

“Work is a vital part of life.”

“Work is how bills are paid and objectives achieved.”

That was the easy part, right? Over time, I have come to realize that “working”, that is; the actual performance of a task, an activity or duty, is not the real problem. The real problem for the majority of people out there is not their inability to work–laziness, although this is true for some people, but rather their inability to prioritize work–focus! Too many of us spend our lives working on the wrong things first. I work, you work, we all work, but that’s not the point or key to success, fulfillment or greatness in life. The key is not the performance of the activity itself (work). The key lies in our ability to prioritize the activity and organize the performance of the activity.

How to celebrate your birthdays as an entrepreneur . The idea is to have each year of your life tied to one very significant contribution you want to make in the world through the use of your life and gifts.