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Showing posts from September, 2018

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…

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