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5 Vital signs you are infected with 'ENTREPRENEURSHIP'

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Imagine yourself at the beginning of the school year, selecting your course load for the semester. Your favorite subject is offering two courses. The first option is easy -- you already know most of the material and you can coast through the class to get an A, no problem. The second course is more challenging and will require that you push yourself -- it’s not a guaranteed A, but you will learn a lot and if you hustle hard, you’ll earn the grade. So, which course do you take? If you chose the second course, chances are you’ve got the entrepreneurial spirit. You’re a doer, don’t back down from a challenge and chase success through hard work. It tends to be an all-consuming and admirable trait, and one people celebrate each August 21 on World Entrepreneurs’ Day. Here in Silicon Valley, it seems those leaders are everywhere, drawn to one another and our incubative city for its challenge and opportunity. In my experience, these leaders want to solve big problems, inspire and be inspired, an…

Entrepreneurship Sucks

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The process of becoming an entrepreneur could be very stressful and depressing especially for a new comer entrepreneur. But even with that there’s no denying that entrepreneurs are the new rock stars. Many people have given up this journey to be successful in entrepreneurship and some who still stick to it will tell you that it sucks. Part of that reason is because most people get into the van as ignorant who want to learn, learning in this type of competitive reality can be mind bugging. We are bombarded with exciting tales of overcoming adversity on the road to success and the message is often that you too could quit your day job, launch a successful venture and reap the multi-million-dollar rewards. Here’s a reality check on things you need to know before you jump on the van.
The fact is that three out of four venture-backed startups fail. Why? Because founding a company is harder than most of us imagine. Behind the glamorous image of entrepreneurship lies a rollercoaster of epic hi…

SUSTAIN YOUR FAMILY BUSINESS BY DOING THESE

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It is logical to understand that in most families, Emotions serve as the pillars of almost all relationships In a Business or Enterprise, however, it is Economics which defines relationships! Emotions & Economics are evidently, opposites of each other.  Apart from the first letter, these two words hardly have anything else in common.  ‘Emotions’ are feelings of the heart  …while ‘Economics’only understands that which is rational and supported by valid theories. Interestingly, family businesses, are a unique combination of both, Emotions and Economics! This is why they are rather a delicate form of Enterprise.  Undoubtedly, they hold huge potential, but they also tend to become more & more fragile  …with time.  Family Businesses and India Surprisingly enough, family businesses make up between 80% to 85% of the world’s GDP and fund 85% of all start-ups across the globe! Not so surprisingly, however, the rate at which family businesses die out is alarmingly fast. 70% of family business…

BECOMING AN ENTREPRENEUR IS A PIECE OF CAKE BUT SUCCEEDING IS HARD

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It is quite easy to think about an innovation and work hard to achieve that. You can be an entrepreneur but, can you be the successful one? We all can participate in the marathon. We know we all cannot win, but what we all can do is playing a fair game. Same as that, it is quite easy to be an entrepreneur with schemes like Make in India by the government, but can you be a successful one? It takes a lot and demands great sacrifices on personal and social upfront. One has to burn day and night without any second thought to make their dream a success story. Let us discuss few points that give us evidence that it is easy to be an entrepreneur but it is quite difficult to successful one – IDEAS CAN BE BRISK OF A BUBBLEIt is quite easy to daydream about a startup from which you will get million of profit and you will rule the market. But, when you give the shape of a product to your idea, it turns out to be quiet pathetic you, yourself do not just that it can be the idea that you dreamed about…

Entrepreneurship vs a Corporate Job: What Should You Select?

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It is incorrect to conclude that pursuing Entrepreneurship is better or worse than pursuing a role of a senior corporate executive. Being an entrepreneur is not for everyone. However, not every successful entrepreneur has the skill set to thrive in a corporate environment. Life as an entrepreneur, especially during the early stages of a business, is very challenging. There is an element of uncertainty and risk that one will not face when he/she signs up for a stable job with a large corporate. Further, the perks at the office and the lifestyle are typically not as extravagant. There are various reasons why people choose to pursue the path of entrepreneurship. Solving a problem/Addressing a need - The root of entrepreneurship is often based in solving a particular problem. For many entrepreneurs, ideas are driven by real life problems that they have faced. A prime example for this can be Brian Chesky and Joe Gebbia, founders of Airbnb. The need for a pocket-friendly accommodation other t…

Entrepreneurship fund launched in Zimbabwe

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Zimbabwe National Co-operative Federation (ZNCF) Small and Medium Enterprises has launched an entrepreneurship fund to help small business owners boost their businesses. The launch of the fund, called the Federation Investment Entrepreneurship Fund (FIEF), is aimed at creating opportunities for entrepreneurs who lack finances to start or boost their projects. ZNCF SMEs President, Mr Mike Duru said the fund seeks to help business people secure funding for their projects. “We are responding to the President’s mantra that Zimbabwe is open for business, so we have targeted those in business. However, the most difficult part is where to get the funding. Yes they have skills they have been in business for a long time but they are not able to upscale their businesses,” he said. “What we have come in to do is to give them that window where they are going to access funding to upscale their businesses. We need everyone to be able to bring back something home. We need people to move away from povert…

How to set up a profitable business in 21st century

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The subtitle to the new bible for holacrats, written by Brian Robertson, pretty much summarises the concept; “the revolutionary management system that abolishes hierarchy”. Put very simply, in a holacracy, tasks are performed by self-governing and interlinking teams, without reference to line managers and executives. Zappos’ adoption of the approach has stimulated a lot of discussion. Is such a radical move simply faddish, off-the-planet silliness, or are we entering a new era of extreme autonomy for staff? It’s a debate, however, that misses much of the point. 
The rise of changemaker organisationsThe question is not whether holacracy is too radical but whether it is radical enough. Robertson wants to empower staff to generate change without needing to get permission to do so. But this principle of empowerment is increasingly being applied across the whole gamut of organisational relationships, not just the employer-employee link. Some of the most successful organisations now work with…

3 Best piece of advice for young entrepreneurs by Richard Branson

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As a wildly successful serial entrepreneur, Richard Branson is uniquely qualified to give advice to young people who aspire to start a business or side hustle. Branson himself dropped out of school at 16 to launchStudent magazine, his first venture, in 1968. On Tuesday, the billionaire shared his three best pieces of advice for young and aspiring entrepreneurs. 1. Start small"Start small but think big," says Branson, in a post on his blog. "Many of Virgin's businesses have started off as side projects which have grown into big companies. Always be thinking about what could come next, how you could expand, how you could take your idea global. It will take time but if you're focused it's more likely to happen." 2. Say yes to opportunities"Always look for opportunities," says Branson. "Don't be afraid to get out there and meet like-minded people. Always say yes to opportunities and learn what you need to do to make the most of them as you g…

12 effective ways to build entrepreneurial skills that matter

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Becoming your own boss and an entrepreneur is the new coveted career choice of the 21st century. People are fed up with working jobs that leave them underpaid and unfulfilled. Although some entrepreneurs say they were born to build a company, it’s never been easier for anyone to learn entrepreneur skills that can propel them into building a successful business. Here is a list of 12 effective ways to build entrepreneurial skills that matter: Take a different path“Creativity is the root of entrepreneurship.” —Karndee Leopairote, Thammasat University. Creativity is the ability to see things differently and to provide solutions where there are gaps. To build your creativity skills, intentionally try something new. Do something that others won’t do. Read unusual books. Watch a movie in a different language. Travel to an unexpected spot. Talk to people that are out of your circle of comfort. “The Big Short” is a movie that depicts how several opportunist entrepreneurs and investors managed to pr…

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