THE ACT OF ENTREPRENEURSHIP

ENTREPRENUERSHIP

Most people are afraid to fail. They worry constantly about not meeting expectations, making a mistake, or trying something new. Because of this, many never get started on the path toward reaching their goals and thus assure themselves of the very thing they are afraid of: failure. In order to become a successful entrepreneur you will likely have to ‘pay your dues.' The Encarta Encyclopaedic Dictionary defines entrepreneurship as a risk-taking business person who initiates or finances new commercial enterprises. However, Bob Reiss, successful entrepreneur and author of Low-Risk, High-Reward: Starting and Growing Your Small Business With Minimal Risk, says: "Entrepreneurship is the recognition and pursuit of opportunity without regard to the resources you currently control, with confidence that you can succeed, with the flexibility to change course as necessary, and with the will to rebound from setbacks."
A key factor in Reiss's definition is that entrepreneurs undertake opportunities regardless of the resources the entrepreneur currently controls. Be creative in acquiring the resources you need to build and grow your business. That is why Samuel Lartey, the project manager of Stanbic Bank says that it’s best to depend on your network than the banks (Connect the dots). Think outside the box and you'll improve your chances of acquiring what you need to succeed. I've known many people who say they'd love to start a business, but they just don't have the money to get started. Neither did many of history's greatest entrepreneurs like Michael Dell, who started his computer company in his college dorm room or Lillian Vernon, who started her mail-order business when she was a housewife looking for extra income. These successful entrepreneurs didn't start rich and successful. They ended rich and successful.
Gillian Murphy, leader of San Joaquin Delta College Small Business Development Center, says: "An entrepreneur is not static but fluid...continues to seek opportunities and/or different methods of operation. When I think of someone with 'an entrepreneurial spirit,' I think of a person who will do whatever it takes to be successful in business. There is a general admiration for the entrepreneur who has a skill and bravely jumps into the middle of the fire hoping not to get burned. Many entrepreneurs want to be masters of their own fate and they can't find this outside of entrepreneurship. While studies have shown that people derive tremendous satisfaction from their work, how many people are really doing exactly what they want to be doing? Entrepreneurs are usually doing what they want, or, at least, they are doing something which they feel gives them control over their future. Entrepreneurs like to be in control of their future. They like to set their own course.

 It should be noted that entrepreneurs are different from leaders. The former identifies opportunities (creates solutions to problems) whilst the latter organizes a group of people efficiently and effectively towards the achievement of a vision. Entrepreneurs make jobs other than take jobs. They only chance on valid openings that meet market needs and provide solid return on investment.

In a nutshell, entrepreneurship is daring to engage in something that most people wouldn’t jump into. It’s seeing with your mind other than your eyes. It’s been creative, exercising enthusiasm and gaining satisfaction from doing what you really want. In fact, it’s all about being different and doing the extra things.

I would like to suggest a few people for you to read about them.

1. Bill Gate

2. Robert Kiyosaki

3. Brian Tracy

4. Emmanuel Dei-Tumi

6. Ps. Kofi Addison

7. Thomas Edison

8. Alhaji Banda

9. Michael Agyekum Addo

10. Ps Mensa Otabil