Steemit Engagement Challenge S9W5 : Are you ready to become an entrepreneur ?

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Hi friends, I welcome you to my blog today. I will be making my submission for the topic in view for the week. A topic that expects to know our perception of being an entrepreneur and all that is needed to make it work.

I will start with a motivational statement that throws a wealth of experience in our quest to become an entrepreneur. It says if you are able to think out any business idea that is able to give you at least your net pay for the month, endeavor to make that business idea come to life.

Such a business venture can start as your side job stream of income. You don't need to be laborious or crash just at the start of your business venture. We need to start gradually before launching big into the world by keeping a means of livelihood so as to overcome the teething stages.

This is a true story and I hope it motivates some of us that would want to reason in the lane and find it worthy of trial. I have always wanted to set up a side revenue hub that generates either daily or monthly stipends for me. But combining it with my conventional job may be a sign of worry.

However, I had to think of a strategy. I am in the business of managing company partners who earn commissions and other payment plans from the company for partnering with them. So, who says that I cannot be part of this mutual partnership indirectly? Knowing and mastering your JD is key to making that first bold step.

I continued to weigh my options and I quickly decided to outline how best to come. There are different categories of how partners could be onboarded. All I did was follow the less risky route and floated a partnership that is an autorun mode.

My motivation here was the need to get another stream of income, and the other was the prospect I saw from the existing partners and hence I created the opportunity that works for me. It would be unreasonable to remain at one net salary over time with the increasing demands for bills and obligations.

In the same vein, there are a few criteria or qualities I presume an entrepreneur must have to make good of his business. These listed items are not limited as there are other factors or peculiarities that may also determine their existence. Let's check out some of these things;

Basic Knowledge of Business in View:

It is important the entrepreneur should have some level of basic experience or knowledge of the business venture. This would not only allow him to be in charge without guesses but also reduce the level of confusion and losses incurred

Availability of Capital for Startups:

Capital is an essential demand in any business startup. We may not necessarily have all the monies required to float a business but a right feasibility study can be done to ascertain those essential items needed and those with alternatives for proper startup and efficiency.

Discipline in Implementing Strategies

An entrepreneur should be able to uphold and keep so level of discipline while running a business venture. This is the lifeline of business sustainability. They should be done in a timely manner and also void of sentiments.

In all of this, there are two businesses in mind that needed to either be developed or started. One is already running but on a low scale and this is in the telecommunication sector. I'm looking forward to developing this venture into a bigger one.

My prospect and the bigger picture for this nascent business are to make it a home for all telecommunication services. A place where customers can receive elaborated services ranging from sim registration and re-registration, sim swap/welcome-back, Porting, and sim upgrades. Other services are sell of recharges and data bundles, including MIFIs and routers.

The other anticipated business I hope to start up is the poultry business. Setting up a semi-intensive caging system is my ultimate target for this. This is to enable me to build an empire that ensures the availability of egg production as well as meat consumption.

I have learned something from a friend and sister. She is so dedicated to her business and it is evident from the turnout and profits she gets monthly from it. This is the blessing every business owner would want.

She is so articulated that she had to create an inventory system and a CCTV security cam to help take records of stock availability and when they are out of stock, as well as monitor the activities of unscrupulous persons around.

This diligence has paid off as there are visible expansion seen in the number of available stocks. She has the foresight to lessen the personal and family expenditure on her main carrier business and in this vein, another smaller store was created to help fund needs of this nature.

It has been great learning from her over time. I believe she is indeed a successful businesswoman in her venture.

Thank you, entrepreneur friends.

This is my entry.