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Beginners guide to entrepreneurship

[:en]The internet is flooded with crash courses that claim to give beginners guide to entrepreneurship, but do not address the cores of being an entrepreneur. Entrepreneurship can be described as having or developing the right frame of mind to start a business. Simply put, “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”.

Beginners guide to entrepreneurship

Before venturing into starting up a business, certain questions must be reflected upon. Such questions as: do I have a business plan, do I have a clue on how to write a business plan, how do I raise money. For this reason, I have written this post on beginners guide to entrepreneurship to address this issue, using simple step-by-step easy to master technique.

Before you start a company, you must have passion and desire to want to do it. Else, maintaining your stand when you are confronted with inevitable obstacles would be difficult. You need to have guts (bold and daring) for starting your own business, able to face challenges. This is because you really need to know to do these things as a beginner. After mastering the simple business steps with your heart you can then progress on your entrepreneurial journey.

Beginners guide to entrepreneurship

Personal Character Traits every entrepreneur must have:

    • Need for independence
    • Need for achievement
    • Internal locus of control
    • Ability to live with uncertainty & take risks
    • Opportunistic
    • Innovative
    • Self-confident
    • Proactive & self motivated
    • Visionary with flair

If you are conviced you have all these traits then we can proceed to the four easy beginners guide to entrepreneurship that entrepreneur must have for his or her business startup.

Good Knowledge

Beginners guide to entrepreneurship

An entrepreneur must have good knowledge of his or her environment, that is the business environment or what most people refer to as entrepreneurship ecosystem. You can’t make an impact in what you don’t know. An entrepreneur must know what goes on in his or her environment. Environment here can mean your area of specialization, your neighborhood or your sphere of intended influence.

To become an entrepreneur, you should be very aware of things in your sphere of influence. For example, let’s say there is a scarcity of something valuable in your environment and you don’t know about it. Someone else will find a solution to that scarcity. And funny enough, the person might be a complete stranger in that environment. Stop wasting time on what won’t take your far. Crave for more knowledge in your sphere of influence.

Great read: How Google Works (By Eric Schmidt, Google Executive Chairman and ex-CEO,  and former SVP of Products, Jonathan Rosenberg)

How Google Works By Eric Schmid and Jonathan Rosenberg

Training

No one is born an entrepreneur, we all learn what it takes in books and in real life experiences. In addition to books and experience, we become entrepreneurs by undergoing specific training to sharpen our effectiveness. Training gives us the opportunity to prepare ahead for situations yet to come. Training gives us extra courage to become effective entrepreneurs.

Is there anything you want to be the best at as an entrepreneur? Train adequately. Perhaps, you’ve found a solution to a specific problem associated to your sphere of influence but you don’t know how to go about it. It’s time to train. You can train by:

  • Reading good books written by successful people.
  • Finding an experienced mentor.
  • Attending seminars, conferences, workshops, meetings and meetups.

I cannot overemphasis the importance of training in your entrepreneurship journey. The truth is you don’t know anything. Personally, the more I learn, the more I realize that I know nothing.

Skill Acquisition

Skill acquisition is different from training. For instance, you can train in business marketing as an entrepreneur but before you can actually market effectively you will need to develop the marketing skills through practice. The key lesson here is that training informs and skills acquisition transforms.

In summary, you need to start practicing what you’ve trained for. You can have all the knowledge in your environment, understand problems and solutions and also have all the training, but it all comes to nothing if you don’t act on them by virtue of skill acquisition.

Recommended book: The Billionaires Little Black Book: The Ultimate Secret Behind Sustainable Wealth

Repeat

Go through the first three steps again and keep repeating them until you reach you have mastered the Beginners Guide to Entrepreneurship, or you decide it is not possible or you no longer want to do it.

So act now! Learn, build and repeat. Instead of creating a formal business plan or doing a lot of market research, understand this simple steps and every other thing will fall in place. The world need entrepreneurs who are ready to provide solutions to the problems that we face each and everyday.

If this article answered your questions, would you recommend to a friend?[:]

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