WHAT IS ENTREPRENEURSHIP? it is:
Insane perseverance in the face of total rejection.
The pursuit of opportunity through innovation, creativity and hard work without regard for the resources currently controlled.
Entrepreneurship can be further explained as:
Entrepreneurship : a way of thinking, reasoning, and acting that is:
- opportunity obsessed
- holistic in approach
- and leadership balanced.
Entrepreneurship, simply means :
- Identifying opportunities within the economic system
- Generating and developing business idea
- Bringing a vision to life.
( All these involve risk taking and uncertainty)
ENTREPRENEUR
A vision driven individual who assumes significant personal and financial risk to start or expand a business.
It can be defined as a person who takes initiative to bring new ideas, innovation, start a new project which creates wealth. - entrepreneurship can be risky...
- sporadic income
- business will fail and lose investment
- possible liable for debts
- harder to find work or start again
- less security (perhaps)
- taking a calculated risk.
''A risk has been given thoughtful consideration and for which the potential costs and potential benefits have been weighted and considered'' - financial rewards
Profits
- Non financial rewards
- Independence
- A sense of satisfaction
- Building something
- Being in control
- Employing more people
- Making a contribution to community
- Find a "need" (opportunity) and figure out how to meet it
- Find a "want" (opportunity) and figure out how to meet it
MOST PROMISING YOUNG ENTREPRENEURS IN AFRICA 2016 SAMPLES
- Simbarashe Mhuriro, Zimbabwean
Founder Oxygen Africa limited. - Bonolo Ramokhele, South African
CEO leofortis group. - Olatorere Oniru, Nigerian
Founder Dress Me Outlet - Samuel Malinga, Ugandan
Founder Sanitation Africa - Kelvin Nyame, Rashad Seini and Kofi Amuasi, Ghanaian
Co founder MeQasa.