Entrepreneurship can be described as the process of designing, launching and running a new business, which is often a small business. The person who initiates the business is called an Entrepreneur.
4. Entrepreneurship can be described as the
process of designing, launching and running a
new business, which is often a small business.
The person who initiates the business is called
an Entrepreneur.
It can be described as the "capacity and
willingness to develop, organize and manage
a business venture along with any risks in
order to make a profit".
5. An Entrepreneur is a person that has the ability to find
and act on opportunities to translate inventions or
technology into new products:
The entrepreneur is able to recognize the commercial
potential of the invention and organize the capital, talent,
and other resources that turn an invention into a
commercially viable product.
Entrepreneurship also captures innovative activities on
the part of established firms, in addition to similar
activities on the part of new businesses.
6. 6
Entrepreneurs require the following to succeed:
ØHard Work & Smart Work
ØStrong Determination & Enthusiasm
ØA Solid Plan of Action.
7. 7
THE 5 Es of
ENTREPRENEURSHIP
(BUILDING BLOCKS OF
ENTREPRENEURSHIP)
8. “
8
1. Envision
Vision is the first building pillar in
becoming a successful entrepreneur.
They have the ability to predict new
opportunities, capitalize on trends and
paradigm shifts. They also understand
that maintaining and communicating the
vision consistently is the most important
focus for continued success of the
company.
*Habakuk 2-3 (Write the Vision,
Future, Delay)
9. “
9
2. Enlist
Once vision is in place, entrepreneurs
need to enlist people around the business
to support and grow their prospective
business adventure.
*YOU NEED PEOPLE
Family members, investors, employees,
customers or partners are all an integral
part of the early stages of your business.
10. “
10
3. Embark
Many people have ideas and are even
able to enlist people around these ideas.
However, majority fall short of actually
taking the step and starting a business.
Embarking or Action is what sets leaders
apart from followers and most
entrepreneurs from employees.
ACTION
CHANGES
THINGS
11. “
11
4. Execute
With the vision, team and the start of
something great, it’s time to Deploy.
*WORK
*CONSISTENCY IS KEY
CONSISTENT ACTION CREATES
CONSISTENT RESULTS
12. “
12
5. Evolve
The only constant in life and business is
change.
To succeed you must be wary of the trap of
comfort and complacency. Entrepreneurs
can go through the entire cycle and
succeed, but to have lasting success, they
will need to continuously evolve.
Innovation is the lifeblood of
Entrepreneurship
22. 22
Image!How other people see you is IMPORTANT.
But, SELF IMAGE…
It’s okay to LOOK UP, LOOK AROUND, INTO
THE FUTURE…
The best place to look is in the MIRROR!
The Power of Self Awareness!
The Phone Challenge!
24. Nothing can guarantee the success of any
business, but using these tips can give
entrepreneurs and their new business a solid
foundation.
24
25. 25
Keep doing what you do!
Soon you will get there, Soon you will shine,
This is your Season, This is Your Time.
Your Bishop in the Marketplace…
God Bless
