Why we need more entrepreneurs like yourself now, and how to prepare

Written by
Written by

Deolu Akinyemi

A young woman named Sarah grew up in a small village in Africa, where opportunities for education and employment were limited. However, Sarah was determined to create a better life for herself and her family.

With no money or resources, Sarah started her own business selling handmade crafts and clothing. She would spend her evenings sewing and knitting and then sell her creations at the local market during the day.

At first, Sarah’s business was slow to take off, and she struggled to make ends meet. But she refused to give up, and over time her business began to grow.

As Sarah’s business grew, she was able to hire other women from her village to help her with sewing and knitting. Together, they were able to produce more products and sell them in larger quantities.

Eventually, Sarah’s business became so successful that she was able to open her own storefront in the village. She was able to provide employment opportunities for other women in her community, and her business became an important source of income for many families.

Thanks to her entrepreneurial spirit and hard work, Sarah was able to create a better life for herself and her community. She was able to break free from the cycle of poverty and create a brighter future for herself and those around her.

Entrepreneurship is not about ideas, it’s about taking action. When done correctly, not only does it impact the life of the entrepreneur but their communities as well.

“There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin.

“Entrepreneurship is not about having an idea. It’s about having an idea and putting it into action.” – Simon Sinek.

According to a study by the Global Entrepreneurship Monitor (GEM), countries with high levels of entrepreneurship development tend to have lower levels of poverty and income inequality. If there is anything our nation needs as the current title holder for the country with the highest number of poor people in the world, it’s entrepreneurship. We need to help more people develop entrepreneurial mindsets and create better enabling environments for entrepreneurs.

Developing an entrepreneurial mindset requires a combination of both innate traits and learned skills. Here are some ways to develop an entrepreneurial mindset:

1. Start with a growth mindset: Entrepreneurs must be willing to take risks, face challenges, and learn from failure. A growth mindset helps them to see obstacles as opportunities for growth.

2. Develop a passion for learning: Entrepreneurs must continually seek new knowledge and skills. Attend seminars, read books, and listen to podcasts related to your area of interest.

3. Build resilience: Entrepreneurs must be able to bounce back from setbacks and keep pushing forward. Exercise regularly, get enough sleep, and surround yourself with supportive people.

4. Take calculated risks: Entrepreneurs must be able to assess risks and take action based on their assessment. Start by taking small risks and gradually work your way up to bigger ones.

5. Embrace creativity: Entrepreneurs must be able to think outside the box and come up with innovative solutions. Surround yourself with creative people, brainstorm ideas, and experiment.

6. Develop a strong work ethic: Entrepreneurs must be willing to put in the time and effort needed to succeed. Create a schedule and stick to it, set achievable goals, and track your progress.

7. Foster a sense of curiosity: Entrepreneurs must be willing to explore new ideas and perspectives. Ask questions, seek out new experiences, and challenge assumptions.

Developing an entrepreneurial mindset takes time and effort. However, by cultivating these traits and skills, you can increase your chances of success as an entrepreneur.

 

Kind Regards,

Adeolu Akinyemi.

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