ENTREPRENEURSHIP

ENTREPRENEURSHIP   

Who is an entrepreneur?

An entrepreneur is a person with entrepreneurial skills. They are leaders with a vision of what they can do to improve their potential customer’s lives and make customers want to purchase their products or services. They work in the future and see opportunities before they materialize. Examples of entrepreneurial skills include the following:

1.    You are able to see the big picture (have vision)

2.    You are highly self-motivated

3.    You think often of ways to improve things

4.    You get excited talking to people about your ideas.

Who is a Manager?

People with managerial skills are generally good at creating order and managing resources, time, information, and priorities. They are also generally skilled in tracking income and expenses and making decisions based on that information. In this way, they study the past to manage their present and future business activities. Examples of managerial skills include the following:

·         You organize chaos into order.

·         You have good time-management and planning skills.

·         You like to know where every penny has gone.

·         You have good decision-making skills.

Who is a Technicians?

People with technical skills have abilities or expertise in a particular area to produce products or services that others will buy from them. People with technical skills work in the present and use and refine their skills and areas of expertise regularly. Examples of technical skills include the following:

·         You know how to cut hair

·         You bake delicious pies and pastries

·         You are good at talking to people

·         You have successfully raised chickens. (Poultry Farming)

·         You know how to network computers together

·         You can repair cars and other motorized vehicles.

·         You are skilled at creating presentations.

·         You have good accounting skills e.g Budgeting

A business owner may range from managing a small business to mega business and to multi businesses. Over time one should understand that starting small is the key and having a standard business plan is the foundation of every successful businesses.

Are you an entrepreneur, a manager, or a technician?

Most small-business owners may need to fill multiple roles. Many people are not skilled entrepreneurs when they first start a business—they are technicians. That is, they know how to do something but are generally not trained in managing a business or in understanding all dimensions of self-employment. Note that you will need more than a skill or trade to become successful at starting and maintaining your small business.  

As a rule to become successful entrepreneur you need to have all the qualities of a manager and a technicians. In a nut-shell:

·         All entrepreneur are managers and technicians. 

·         All managers are entrepreneur and technicians. 

·         And all technicians are managers and entrepreneurs.