Contest:The Entrepreneur Journey; It begins when the romance ends!
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An Entrepreneur is popularly known as a business owner. Be it farming, manufacturing, or retail, entrepreneurs are business people who love what they do and discover their success by taking the bold step, risk.
Entrepreneur journey
My entrepreneurial journey began the moment I said goodbye to childhood. I started very early to live and learn to live like an entrepreneur. My mom had a mini shop where she did her business. I was seen as the manager because she usually leaves the business for me when I return from school. I learned so much during this time, and it helped me stand on my own when it was time.
This journey entails the willingness to learn, the eagerness to digest, and the readiness to execute. With what I learned from my mom's, I used those ideas to run my journey during my university days. I started a jewelry business with the little money I saved up. My business skyrocketed to something big when I was a year older, but I must say, it was not an easy journey.
The entrepreneurial journey entails a lot. There are times you receive the insult of your life, the rejection, the abuse, and other things. I moved from classroom to classroom, hostels to hostels, and streets to streets to get my goods sold. This journey required my time, dedication, ability, and strength to carry it along.
When we hear about the entrepreneurial journey, there is so much behind what we see today. Every business starts its journey from the root; no one builds a house from the roof top; it must begin with a foundation, and that is the journey.
Methods used to achieve entrepreneur success
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Create a business plan; It is certain that before we execute, we have to plan. Planning is the process of laying down strategies, guidelines, goals, and rules to run a business. When you create a business plan, that is, how you want your business to be in the years to come, planning helps you know you are on track.
Business goals; Before an entrepreneur starts a business, he or she should have a goal. What are the things you want to see in your business in six months? What kinds of customers do you want to have in a short time? How much do you think you can save from the business? These and more lead to business success.
Networking; The quality of your network is in your relationship. How do you relate to your proposed customers? Creating a good relationship gives you access to meeting big investors, mentors, and some other business professionals.
Passion; It is quite unfortunate how people misunderstand passion for interest or interest for passion, but passion is the addition of interest and skills. To have a successful business, it requires creativity and passion. I don't believe people can do what they don't have passion for. It takes passion to be successful in business.
Risk; Successful entrepreneurs aren't afraid of taking risks. It's like a storm or mountain that one has to cross over before getting to your promised land. Only great minds take risks in business. If you must be a successful entrepreneur, take risks.
How entrepreneurs present something new in business
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Create a new idea: Any growing business is backed up with new ideas. A business will remain where it is year after year if new ideas are not generated. Idea generation is capturing new ideas from within the environment or through the media.
Idea distillation: This is the process of removing or trashing out those ideas that are not worth taking the business to the next level. Every business has a developing idea, when discovered early, the business grows successfully. I think here, we need to rely on our customers feedback because that business is there for them, and without them, the business won't excel.
Concept definition: The growth of the business should be conceived in the mind before it becomes real. Here, branding should be something creative that is captivating to the customers.
Explain the transformation that brings prosperity through this business venture.
Creating wealth should be viewed as a long life journey rather than an event.
Every businessperson has a motive for starting any business. Starting a small business is a unique decision, but I think asking questions about that business and knowing the risks involved should be the first priority, not all about generating income and making profits.
In other words, entrepreneurship is a powerful tool for creating wealth, as it offers a platform for unlimited wealth creation. It also grants individuals access to great determination over their lives.
Entrepreneurship is a business of self, it only requires one man to get it moving. It is open to individuals of all ages and educational backgrounds. It doesn't matter your level or stature; an entrepreneur doesn't have limitations. The business value could increase over time, leading to the explosive growth of the business.
However, this business carries risks that could shut down the business over time.
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