Entrepreneurship is the concept of designing, and managing a business along with any of its risks in order to make profits. It is the process of setting up one’s own business as distinct from pursuing any other economic activity. The people who create and manage these businesses are called entrepreneurs. They are people who identify problems and proffer urgent solutions.
Entrepreneurship provides many benefits to both individuals and the entire nation. It helps in development and expansion of the global market. It also promotes a better standard of living, provides an opportunity to own one’s business, foster financial independence, helps to boost confidence creates opportunities for learning and knowledge acquisition and so on.
To be a successful entrepreneur, you must possess some defining characteristics and skills which include: creativity, focus, willingness to learn, courage an risk-taking, resilience, drive and persistence, initiative, communication skills, negotiation skills, creative thinking, ability to recognize opportunities, goal setting and decision making skills, etc.
However, when considering the kind of business to start, it’s important you assess your background and experience, interest, financial resources, unmet market needs, your network and connection to avoid unnecessary heartache.
From: Oduigwe Chidera Dok……..Wish you good luck in your entrepreneurship journey.