Design a business that you love.
What is the difference between an Entrepreneur and Entrepreneurship?
An entrepreneur is a person who starts a business.
Entrepreneurship is the process of starting a business by identifying potential markets, additionally, you will gather the necessary resources, manage the business plus identify risks.
Furthermore, entrepreneurship generates new wealth in any economy of any country.
The French word “entreprendre”.
The word “entrepreneur” derives from the French word “entreprendre” which means “to undertake”. So, it’s the person who undertakes the risk. One of 10,000 + English words that derive from the French language.
The best advice I can give to aspiring entrepreneurs is to first learn how to sell and then connect with your customers.
Therefore, If you want to be a great entrepreneur and a successful individual, the first thing you need to do is to find the need and find a solution for it. Secondly, you have to keep doing what you believe.
For this reason, there are a lot of needs out there, and most importantly, who is actually solving the problems? Is it you or someone else?
Moreover, never compromise for the sake of money, the sake of power, or the sake of fame because they will be all short-lived.
Shark Tank Investor
Investors aren’t just drawn to startups that interest them because they’re more enjoyable to invest in. Matter of fact, it’s because that’s where their expertise lies.
Connections are important
First, the investors want to give their money, followed by their expertise and their new partners can take advantage of their connections and business savvy, and Sharks are happy to provide that.
- Follow your passion: The fact that the business owner has personally invested in the type of business will provide a reason to succeed.
- Fill a need: While you fill a need for a product or a service that you offer is unique, it will automatically be a demand.
- Manage a better business: At any rate, Do you have entrepreneurship experience. That’s the key! It’s okay, you can learn.
- Designing or inventing a product: Find the solution to a problem and what would this solution look like in the form of a product. Is there a demand for your product? What makes you Unique, give your readers what they want. Lastly, give them solutions to their problems, and not a sales pitch!
- High-Profit Margin: Although you might have the best product in the world, if you spend $25 to make a product that costs $30, how are you going to make a profit?
- Is your product or service affordable? Strictly defining the ” s “of a product can instantly exclude huge portions of the population and thus market potential. On the other hand, getting $40 for a product is easier than getting one for $4,000.
What if you failed?
First of all, I don’t believe in failure. If you believe, you will fail then you will fail, but If you fail, try to use the Scientific method to find out why you failed. First, make an observation, secondly, ask the question why, thirdly, propose a hypothesis, and fourthly, make a prediction, and test your prediction, and the conclusion is the result?
Open your mind to new ideas
“Business opportunities are like buses, there’s always another one coming.”~Richard Branson
GDP, Gross Domestic Product
The GDP helps to determine the economic health of a nation because when it increases it means that people are working and goods are in demand.
People I admire, Marie Foleo and Chris Guillebeau
How to find the work you were meant to do.
A goal can be climbing Mt Kilimanjaro or just mowing your neighbor’s lawn.
Consequently, my father’s first vision was to ensure that his family, including my grandparents, were healthy, and to ensure that they would live a long stable financially, and healthy life.
Sharing my experiences
If you don’t have a clear vision of where you want to go and do in your life, someone else will control you and someone else’s will control your vision. I am an example of that, I created someone else’s vision and not my vision.
It’s never too young or too old to start a business.
What are your beliefs, your vision, your strategy, your purpose, and of course you’re “Why”. Why not you!
When people ask Elon Musk how he learned to build rockets, he says, ‘I read books’ Never stop learning.
Create your vision board, and your business plan which includes your cash flow, and all of your expenses.
Avoid doing too many things or spreading yourself too thin is a valuable piece of advice, especially in a world where multitasking and overcommitment can lead to burnout and reduced effectiveness.