“If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” —John D. Rockefeller, industrialist, co-founder of Standard Oil Co., and philanthropist. I was looking through the brochure of a …
Before starting a business, it is only logical to identify factors that enhance business success. They are enumerated below: Integrity Every business thrives on the reputation and goodwill of its customers. A good reputation is built when the business fulfills …
Before you begin the journey, ask yourself these questions: What is motivating me to start this business? Am I prepared to live up to the demands of the business? To achieve self-motivation, your entrepreneurial journey has to suit your personality, …
Law firms. Restaurants. Consulting firms. Fashion boutiques. Schools. While the technology enterprise aspires for growth and the social enterprise is geared towards impact, the small business enterprise is built for stability. A good example of a small business is a …
Uber. Facebook. WhatsApp. Instagram. Tales of billion-dollar acquisitions and life-changing business deals on a world scale have succeeded in drawing the young and the young-at-heart to what is arguably the world’s most attractive business profession – technology entrepreneurship. Similar to …
Grameen Bank. The Salvation Army. Mercy Corps. The African Leadership Academy. Unlike the typical technology entrepreneur who is spurred on by innovation and the lure of riches, the social entrepreneur is inspired by a noble desire to make a difference …
The three primary reasons that people become entrepreneurs and start their own firms are to be their own boss, pursue their own ideas, and realize financial rewards. Be Their Own Boss The first of these reasons—being one’s own boss—is given …
A team is a group of people with complementary skills who are committed to a common purpose and approach for which they hold themselves mutually accountable. In assembling a good team, one needs to strike a balance between the crippling …
Life’s Too Short to be a “Me-Too” Entrepreneur Innovation is the heartbeat of successful entrepreneurship. A business’s growth potential is determined by the quantum leap in innovation that it represents. At the top of the value chain are pioneers, who …
”By failing to plan, you are planning to fail.’’ (Benjamin Franklin, Inventor, and Businessman) As a budding entrepreneur, the need for a well-written plan that communicates your intentions to internal and external stakeholders cannot be over-emphasized. The purposes of a …