Today’s global economy is witnessing a high level of unemployment, particularly, among the youths. Enterprises are shedding jobs, nations are grappling with the problems of putting their citizens at work and creating sustainable livelihoods for them. Since 2008 global economic crisis, things have never been the same again.
In the midst of this uncheering development, the growing spirit of entrepreneurship offers a ray of hope for jobs and livelihood creation for most nations. The most significant economic development spirit in today’s world, is the spirit of entrepreneurship.
In most economies, a growing number of entrepreneurs are realizing their dreams of starting-up and running their own enterprise. These heroes are today re-shaping the global economy, creating jobs, wealth, sustainable livelihoods and reducing poverty.
The departure point of this entrepreneurial effort is your developing an enterprise mindset of dreaming and visioning a BIG PICTURE of your own enterprise. Some underlying personality traits are critical – I-can-do-it-spirit, passion, achievement-orientation, creativity, visioning, innovativeness, willingness to take moderate risks and being energetic.
You need to scan the business operating environment to be able to identify “hidden” Business Opportunities and come-up with a business idea. Every business you know, begins with an idea. However, your business idea must be subjected to ideas Validation and Evaluation test.
You will need to sharpen your entrepreneurship and business skills by undergoing an entrepreneurship and business skills training to enable you develop your Business Plan, be abreast of local legal, statutory regulatory and environmental issues that can impact your planned business as well as manage your finances, marketing efforts, operations and human resources effectively. More importantly, the training will expose you to possible funding windows, enable you adopt appropriate enterprise start-up arrangements and assist you with a value-adding Network of Entrepreneurs. Credible providers of these trainings and support services are available in all the countries that have seriously embraced entrepreneurship.
Getting started, separates dreamers from real entrepreneurs. Do not hesitate when it is time to act, do not retreat when it is time to press forward. Move from Idea to enterprise.
Young C. Okezie, B.Sc (Hons) MBA, M.Sc, FCA, FCAI, FPAM FCASIN, MICSB, MNIM, ACTI is the Co-ordinator, PAMDI Centre for Entrepreneurship and Innovation and the CEO/Lead Consultant of Afrique Consulting Limited (MSMEs Business Development and Support Services Providers).