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 …
Like the blind men who described an elephant from different perspectives, several pundits have attempted to define entrepreneurship in disparate ways. Not least among them is a renowned Harvard business school professor, Howard Stevenson, who famously described entrepreneurship as ‘’the …