ENTREPRENEURSHIP-WHAT IT TAKES

PRESENTED BY: JIDE AOGO

MADE IN NIGERIA

LINDA IKEJI

WHO IS AN ENTREPRENEUR

• Derived from French word Entreprendre

• Peter F Drucker: “One who considers the changes that take place in market as an opportunity to do business”

WHO IS AN ENTREPRENEUR

• Joseph Schwnpeter : “ Individuals who introduce something NEW in the market or economy”

WHO IS AN ENTREPRENEUR

• New encyclopaedia: “An individual who bears the risk of operating business in the face of uncertainty about the future conditions”

ENTREPRENEURSHIP IS ABOUT

• Opportunity identification

• Ideas generation

• Risk taking (Calculated risk)

ENTREPRENEURSHIP IS ABOUT

• Wealth creation• MONEY : Cash flow and

Profitability

ENTREPRENEURSHIP IS ABOUT

• Discipline • Growth and sustainability• Falling and rising

ENTREPRENEURS ARE BORN NOT MADE ?

YES OR NO

ENTREPRENEURS ARE BORN OR MADE ?

• There is an entrepreneur side of every human being• On a daily basis we are consciously or unconsciously

doing either, some or all of these; Conceptualizing Selling Buying Negotiating.

.

• Conceptualizing, selling, buying and negotiating are all rudiments of business therefore if we do any of these every now and then, we may not be wrong to simply say that by nature every man or woman has business basics in him or her.

IT IS IN YOU !

IT IS IN YOU

• Entrepreneurship is in everybody• In some people the entrepreneur side or what

may be referred to as an entrepreneurial spirit or nature must be carefully unlocked or positively energized to manifest entrepreneurship.

• One of the objectives of this seminar is to unlock and energize the entrepreneurial nature of everyone in attendance today.

WHAT DOES IT TAKE TO SUCCEED AS AN ENTREPRENEUR ?

WHAT IT TAKES

• Right attitude• Right habits • Skills and tools

WHAT IT TAKES

• Determination, Self discipline and Tenacity

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WHAT IT TAKES

• Creative thinking - Ideas - Initiative - Innovation

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WHAT IT TAKES

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o Passiono Vision and goal settingo High expectation from the business and

employeeso Good listener

• Leadership skill

WHAT IT TAKES

• People oriented -Human Resources Management -Relationship Management -Networking

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WHAT IT TAKES

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• Integrity and Transparencyo Be honest to yourselfo Take responsibility for your actionso Keep to commitmento Respect agreement

WHAT IT TAKES

• Smart Negotiator - Apart from your faith, everything can be negotiated - Plan for negotiation - Win win thinking - Don’t have take it or leave it approach

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WHAT IT TAKES

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• Administrative Excellence and Financial Intelligence

o Effective filing and record keeping systemo Care about financial implication of every

decision on cashflow, profit and balance sheet o Understand that cash is the blood of a business o Cashflow is different from profit

WHAT IT TAKES

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• Personal Effectiveness

o Time Managemento Energy Managemento Personal development