Being an entrepreneur means exercising initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. An entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture. Entrepreneurship in whatever form is not an easy or simple business to take up, before one decides to become an entrepreneur there are some key points such a person should know;
- Focus on your strengths, not your weaknesses.
- Get the right team around you
- Understand your value proposition
- Know your customer
- Learn from the mistakes of others
Olatorera Consultancy Limited provides business development services to high net-worth individuals and companies looking to grow, enter or do business in Africa.