Episode 8 Start Up Revolution With Dr Roche Mamabolo
People need to learn how to be creative. This is one trait that is shared by many entrepreneurs. The idea of creativity in entrepreneurship is based on the fact that it makes a person unique and different from others.
This can be likened to different people watching a football match but have different understanding of the game. People might be looking at the same thing, but will usually observe it from different perspectives.
A regular entrepreneur is likely to want to imitate other entrepreneurs in doing the same business or follow a competitor’s model. This is the reason why entrepreneurs need to learn how to be creative in business in other to be unique and drive success. Entrepreneurs drive the economy, and it is crucial for them to know how to apply the right concept that works.
A start-up launch is generally preceded by careful planning and preparation of blue prints. An entrepreneur is expected to put all his energies in to his efforts before he or she can scent success. Launch does not happen just like that. Launch has to be preceded with a plan and commitment to sustained hard work for a well defined period. The most important reason why so many start ups fail is lack of perseverance, creativity and concerted effort.
Entrepreneurship has always been the occupation that everyone undoubtedly aspires to be engaged in. In fact, lots of obstacles must be dealt with on the way of becoming a successful entrepreneur. If you’re unable to sacrifice something and put the dearest things to you at stake, you will hardly ever be able to achieve the goal and become an entrepreneur. Certainly, one may take entrepreneur training courses. However, courses only are far from being enough in order to turn a person without any entrepreneurial traits into an inventive and risky one. By means of effective entrepreneur training you can only cultivate the abilities that you have and in no way create those which you do not possess.
Entrepreneurship requires lots of time and efforts to be made profitable. It’s quite clear that being a successful entrepreneur implies not only possessing the entrepreneurial traits, but also the traits of a punctual, honest, smart and responsible person. Lots of researches have been done in order to prove the fact that the inclination to the entrepreneur activity is born-in.
People with innate entrepreneurial abilities have many more chances to start their own business. However, it is argued that entrepreneurs are not only born, they are also made. Without efficient entrepreneur training courses you will hardly ever be able to guess where and how to apply your abilities.
A person without training is like a diamond without special cutting. It is not highly valued being uncut, but when it gets a proper cutting, it becomes almost priceless. Becoming an entrepreneur is quite an easy task; however, not everyone is destined to be a successful entrepreneur famous in business circles.
In our investment in entrepreneurship development, a lot is put into this development, yet it seems like things are stagnant or event getting wrong. This is enough reason to sit back, relax and take a second thought to think that there should be another plan. Something else should be tried. According to Dr Roche, he believed that innovation is the answer to this problem of unfruitful entrepreneurship development and lack of creativity. This innovation is categorized under three concepts.
This innovation sustains the current innovation that we have. This is described as a form of upgrade or improvement on already present product or business. This kind of innovation does not create new markets; neither does it create new customer needs. It is only meant to sustain the one it already has.
This kind of innovation is the type of innovation where new markers are created. This innovation is one in which new people can get into and also utilize and benefit from. This form of innovation improves;
- Profit maximization
This is similar to disruptive innovation; however it focuses on social change. This form of innovation can be characterized by five different qualities
- Create social change with a scalable and suitable model
- Save and meet relevant needs
- Your catalytic innovation should be affordable, accessible and qualitative
- You should be able to generate resources
- This kind of innovation are looked upon by existing players
Entrepreneurship demands complete devotedness of time. An entrepreneur should be a very patient person able to wait till his efforts bring any results. Even temperedness is half the battle in business activity. You must be able to put yourself together in case if your business fails and when no hopes for its resurrection are left. Entrepreneurs are undoubtedly inventive people who generate the idea after idea. It means that when something goes wrong the entrepreneur will end the previous business and start a new one without any mental torment.
A successful entrepreneur will always find the way out of any intricate situation which will seem to any other person completely hopeless. We live in the age of constantly appearing technological innovations that give the inventive people the opportunity to apply their skills and knowledge in the right sphere of activity.
Most important issue for a business to grow and prosper is patience. Sometimes fruits of hard work may take lesser than expected time and the other hand it may take more than the expected period. Whatever it may be one has to remain focused and should not lose heart. Success is bound to touch your feet if you have been constantly striving for it.
Another important issue which accounts for business failures is lack of focus. If a business owner is distracted by too many things and is not devoting his complete energy and mind in to his business, the writing is very much on the wall. Too many cooks can spoil the broth. Attention of business owner on more than one venture at a time when the venture needs their owner full time will not help in furthering the business. Opportunities will always be there but business owner has to keep his or her antenna on and be on alert to grab the opportunities with both hands.
Listeners challenge by
How do you alleviate people from poverty? Look at where the unmet needs are and use your resources in a catalytic manner to have good social impact.
The important question is to ask yourself, how do i build a business that has a social impact and at a cheap price?