How to become a Successful Entrepreneur in 5 Steps

With Nigeria low employment rate, entrepreneurship has become a major source of living for most people. It has provided people the opportunity to put their skills into practice using their own unique idea and thereby creating opportunities for others.

In this post we would be discussing the 5 simple steps you need to become a Smart entrepreneur.


Don't pursue survival mode

Most people believe that getting a good job after graduation will definitely put food on their table and provide their basic necessities of life. While this may work for sometime, it's a great risk. It's  simply a survival mode mentality. 

Smart entrepreneurs build a passive stream of income by leveraging on other people's effort. This may take a while but has proved to be the best.


Understand the problem

Truly speaking, wealth comes by identifying and solving a problem. When we solve problems facing the majority, we are definitely bringing value to people. 

Human Capital is a major aspect of the overall success of any entrepreneurship endeavor. No one denies the fact that Tesla electric Vehicles meet the needs for clean energy. Internal Combustion engines has given rise to carbon monoxide which is harmful to humans. This has positioned Tesla at the top of the market.

Create your Team

A smart entrepreneur understands that it begins with you but ends with your team. This is where the power of leverage comes in. You can multiply your effort, skill, working time and productivity with a good team.

Though not everything matters in life, a good team is an exception. Without a good team, an organization providing Value to it's society will never emerge.

" Never Underestimate the power of a good team"

Be strategic

Be ahead by using the right information. Create standard business plans and carry out strategy sections for your every move. When each step is meticulously calculated, the probability of failure is on the minimal.

Listen

The place of good mentorship in our overall success cannot be overemphasized. Mentorship is a great key to the top. Good mentorship can stand in for lack of time and experience to a great extent.





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Tobi - This is an amazing article

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