This article was written by Samuel Okore Mintah, the Chief Operations Officer of BMIC. He is a true friend and a brilliant business partner with the mind of a business guru in the making. Enjoy!
I have been asking myself the same question time and time again, “Who is an Entrepreneur?”
From the many books I have read on Entrepreneurism the same answer to this very question pops up; simply put “An Entrepreneur is anybody who DESIRES to take the risks necessary to employ him or herself and others in a business venture.” Desire is a required mental attitude for an entrepreneur, but in the harsh world of business it is not enough to simply have desire, in order to succeed you need something more. An entrepreneur , formulates a definite goal(s) from an Idea, identifies an Opportunity and without procrastination works diligently towards achieving his or her objectives no matter the inevitable impediments to create value from a potentially profitable venture. Ideas are the children of the brain, which means that Entrepreneurism begins in the Mind. It is important to note that any business idea is potentially profitable but transforming the idea into a lucrative reality depends of the amount of work and determination that the proponent of the idea wants to expend in the pursuit of success. It is most often fear of the uncertainties of self-employment that results in most people giving up potentially profitable entrepreneurial opportunities in favour of securing a ‘safe’ and secure job, which was created by someone else.
The striking fact of economics is this; entrepreneurs are the minority who create opportunities for the majority to make a living. Every successful business, big or small, local or global, was the brainchild of a determined entrepreneur(s) that consequently created opportunities for others to benefit from, either as employees, shareholders or consumers. Their activities buttress that of state-run institutions by providing occupations for all the people seeking jobs that cannot be employed by the government. Entrepreneurs make up and define the Private Sector of any economy, which in most capitalist societies is much bigger than the Public Sector. All these jobs and opportunities originated as a little idea in the mind of an entrepreneur, which consequently contributes to nation building, creating jobs for the people and wealth for him or herself. Wealth creation through job creation is the universal attribute that is seen in every entrepreneur. Members of the entrepreneurial minority usually start with nothing but a simple idea, massive amounts of Determination, an incredible Work Ethic, the refusal so accept Defeat or Failure and eventually accomplish great feats in diverse areas because of their willingness to work, work harder and then work some more. With an idiosyncratic CAN-DO attitude and a NEVER-GIVE-UP spirit, entrepreneurs have been able to change the destinies of others and the fortunes of entire nations.
During a conversation a friend once asked me, “If entrepreneurial skills and job creation was important why wasn’t it being taught in schools?” I responded as Robert Kiyosaki wrote in his book, “Rich Dad Poor Dad”, “wealth creation or entrepreneurism is not taught in schools”. The syllabus taught in schools teach nothing about job creation or how to realize value out of an idea because the syllabus has been designed to turn us into job seekers instead of job creators. Therefore entrepreneurism is an individual pursuit that begins with an idea and manifests into reality through Determination, Hard Work, Perseverance, Discipline and Creativity. Indeed because of the unique and rare qualities that are necessary for a true entrepreneur to be born, not all of us can become entrepreneurs, which means job creators must not necessarily equal job seekers to decrease the large rate of unemployment. According to Noel Brempong, if just 5% of the citizens of Ghana become bona fide job creators then the unemployment rate of this country would reduce drastically.
An entrepreneur doesn’t wait for opportunities to come their way instead they actively search for opportunities and when they find one, they are able to capitalize on it to create value through which they create jobs for others and wealth for themselves. They use these opportunities to create an efficient effort-based system where wealth is generated by taking hold of the idea no matter how simple or complex and putting in the work necessary for it to become a successful reality. These entrepreneurs have Limitless Courage, a Positive Mindset, a Persistent Spirit and most importantly Self-Belief. Besides the above traits, entrepreneurs take responsibility for their actions; they have confidence in others, they cooperate with others and learn from their mistakes. When they sense an opportunity they move into action without leaving any room for procrastination. In entrepreneurism one’s level of education, sex, age, and race have no bearing on becoming successful......
I have been asking myself the same question time and time again, “Who is an Entrepreneur?”
From the many books I have read on Entrepreneurism the same answer to this very question pops up; simply put “An Entrepreneur is anybody who DESIRES to take the risks necessary to employ him or herself and others in a business venture.” Desire is a required mental attitude for an entrepreneur, but in the harsh world of business it is not enough to simply have desire, in order to succeed you need something more. An entrepreneur , formulates a definite goal(s) from an Idea, identifies an Opportunity and without procrastination works diligently towards achieving his or her objectives no matter the inevitable impediments to create value from a potentially profitable venture. Ideas are the children of the brain, which means that Entrepreneurism begins in the Mind. It is important to note that any business idea is potentially profitable but transforming the idea into a lucrative reality depends of the amount of work and determination that the proponent of the idea wants to expend in the pursuit of success. It is most often fear of the uncertainties of self-employment that results in most people giving up potentially profitable entrepreneurial opportunities in favour of securing a ‘safe’ and secure job, which was created by someone else.The striking fact of economics is this; entrepreneurs are the minority who create opportunities for the majority to make a living. Every successful business, big or small, local or global, was the brainchild of a determined entrepreneur(s) that consequently created opportunities for others to benefit from, either as employees, shareholders or consumers. Their activities buttress that of state-run institutions by providing occupations for all the people seeking jobs that cannot be employed by the government. Entrepreneurs make up and define the Private Sector of any economy, which in most capitalist societies is much bigger than the Public Sector. All these jobs and opportunities originated as a little idea in the mind of an entrepreneur, which consequently contributes to nation building, creating jobs for the people and wealth for him or herself. Wealth creation through job creation is the universal attribute that is seen in every entrepreneur. Members of the entrepreneurial minority usually start with nothing but a simple idea, massive amounts of Determination, an incredible Work Ethic, the refusal so accept Defeat or Failure and eventually accomplish great feats in diverse areas because of their willingness to work, work harder and then work some more. With an idiosyncratic CAN-DO attitude and a NEVER-GIVE-UP spirit, entrepreneurs have been able to change the destinies of others and the fortunes of entire nations.
During a conversation a friend once asked me, “If entrepreneurial skills and job creation was important why wasn’t it being taught in schools?” I responded as Robert Kiyosaki wrote in his book, “Rich Dad Poor Dad”, “wealth creation or entrepreneurism is not taught in schools”. The syllabus taught in schools teach nothing about job creation or how to realize value out of an idea because the syllabus has been designed to turn us into job seekers instead of job creators. Therefore entrepreneurism is an individual pursuit that begins with an idea and manifests into reality through Determination, Hard Work, Perseverance, Discipline and Creativity. Indeed because of the unique and rare qualities that are necessary for a true entrepreneur to be born, not all of us can become entrepreneurs, which means job creators must not necessarily equal job seekers to decrease the large rate of unemployment. According to Noel Brempong, if just 5% of the citizens of Ghana become bona fide job creators then the unemployment rate of this country would reduce drastically.
An entrepreneur doesn’t wait for opportunities to come their way instead they actively search for opportunities and when they find one, they are able to capitalize on it to create value through which they create jobs for others and wealth for themselves. They use these opportunities to create an efficient effort-based system where wealth is generated by taking hold of the idea no matter how simple or complex and putting in the work necessary for it to become a successful reality. These entrepreneurs have Limitless Courage, a Positive Mindset, a Persistent Spirit and most importantly Self-Belief. Besides the above traits, entrepreneurs take responsibility for their actions; they have confidence in others, they cooperate with others and learn from their mistakes. When they sense an opportunity they move into action without leaving any room for procrastination. In entrepreneurism one’s level of education, sex, age, and race have no bearing on becoming successful......
To Be Continued!
needed this..thanks
ReplyDeletegreat article
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