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Shacky Timba
Well some say that entrepreneurship is trendy and sometimes desirable. After last week’s article in this publication I had tremendous feedback and on Monday this week I hosted a live session on social media where I led discussions on some aspects of entrepreneurship.
The good thing is that some youths are still sceptical and do not really understand what it really means to be an entrepreneur.
Some people may say you are too young or too inexperienced, but if you genuinely believe in your business idea,you should not let them bring you down.
For the sake of being thorough, when it comes to business ideas, many people first look at the “academic” definition.
A survey proved the top entrepreneurs of the world to be young or old and from different parts of the world. They are active in diverse areas such as human resources, digital, health, entertainment, art and designing among others.
Notably, they all have something in common; a passion for their work.
Yes, it is not all rosy, and it’s not all fun as it takes a lot of work, risks, tenacity, dedication, knowledge and belief, but it also gives them a lot of joy, hopes, pride, and dreams fulfilled.
One person again asked what is an entrepreneur?
We can’t all be surprised that we still have some youths who to date understand the aspect.
For benefit of doubt, an entrepreneur is a person who sees opportunities in business and life and takes the initiative to turn them into a financially or personally profitable venture.
There are always risks, which is why there are often failures but there are also successes when a skilled entrepreneur weighs up the risks and makes a calculated decision whether or not to proceed. Entrepreneurs are not blasé, they are calculating business people, often working alone, who can see what others cannot and can often turn nothing special into something spectacular.
Nevertheless, from my experience, there is an inner-strength required that entrepreneurs require first of all to step out of their comfort zone and be ready to lose everything at any moment and secondly, to believe in themselves and what they are doing.
Here are some “Four” important things one should know.
I promised to share these in last week’s edition.
According to Thomas Griffin, co-founder and president of OptinMonster, an entrepreneur is an investor.
He went on to say that being in business is something that many people dream about.
And why not?
It’s all right to delegate tasks
An entrepreneur’s life is a busy one. You are often loaded with work around the clock. Some of these tasks are easy. However, some can be overwhelmingly time-consuming.
But as an entrepreneur, you can not be stuck with one task for the entire day and miss out on other important engagements. The best way to handle such situations is to delegate tasks.
Many people consider delegation a bad thing. But in reality, it can do more good than bad.
By delegating tasks that can be handled by your team members, you can create some unscheduled time on your calendar to come up with new strategies and plans for your business.
Always keep learning
Being a boss does not entitle you to know everything. Starting a business is not an easy task. The road to establishing it is filled with challenges, and you’ll often find yourself in the midst of confusion and doubts.
This might sound intimidating, but as an entrepreneur, you have to go through this stage at some point or the other. Do not hesitate to ask for help in such times. It’s OK to reach out to people and let them know about your doubts.
Success comes to those who are always open to learning new things. This can be from a support group, friends, mentors, or even your suppliers and vendors, if it works.
Don’t see it as a sign of weakness. In fact, sometimes seeking help and learning from others can be extremely empowering for you and your business.
Also, by clearing your doubts and confusions, you can handle the same situation more confidently if it arises again in the future.
It is OK to fail.
Every successful entrepreneur has experienced failure at some point in their lives. Even Warren Buffett has his set of failures and regrets.
And not just entrepreneurs, we all have failures in life, don’t we? But this doesn’t mean to stop trying. Instead of being upset and demotivated about it, learn to use it to your advantage.
Whether your failure is a big or small one, it always has something to teach you. Identify the errors that led to your failure, and find out ways to rectify them.
Figure out your weak points and work toward strengthening them, even if it means you need to take up a course.
A good thing about failure is that it helps you develop an entrepreneurial mindset that encourages you to keep trying without feeling dejected.
Don’t ignore the rules
One of the best things about being an entrepreneur is that you can be your own boss. You can make your own rules and your own terms.
But no matter how successful you are, you can never ignore some of the rules that are set for you, like paying your taxes on time, registering your businesses, etc. Always stick to these rules so that you don’t have to face any trouble.
To make sure you don’t miss out, make it a habit to stay updated about the business rules and guidelines defined by your government. This will help you be free from stressful situations that can lead to terrible consequences.
At the onset of your entrepreneurial life, you’ll find many people advising you on how to achieve success. But not many of them will talk about becoming a strong entrepreneur who can handle even the toughest of challenges with a welcoming attitude.
With the tips discussed above, you can not only become a successful business person but a stronger, more practical and headstrong entrepreneur, too.
Online Reporter