Sunday, 23 September 2012

Achievers test

Yay! I'm a high achiever! I took a quiz to check if I'm a high, medium or low achiever and a came up with a score of 91 showing that I'm a high achiever.............. you should take one of this quizzes to know who and what you are.

Tuesday, 11 September 2012

Introduction to entrepreneurship

What is entrepreneurship?

       Entrepreneurship is a dynamic process of vision, change, and creation that requires an applicaion of energy and passion towards the creation and implementation of new ideas and creative solutions. In other words, entrepreneurshipis having the passion, ideas and right mind-set to set up a business. As an entrepreneur, you should have the passion to be innovative and having bright ideas.
        Entrepreneurship is more than mere creation of business, although thats an important part of it, its not the complete picture. It invovles undertaking as it is gotten from the spanish word 'entreprendre' which means "to undertake."

Common mis-conceptions about entrepreneurship

  • Entrepreneurs are doers not thinkers: Although its true that entrepreneurs act, they also think. They are mostly action takers but they also think before carryin out thier actions.
  • Entrepreneurs are always inventors: Many inventors are entrepreneurs but not all entrepreneurs are inventors. Some entrepreneur jus pay inventors to do the job while they make the profit.
  • All entrepreneurs need is luck: Entrepreneurs need much more than luck, they also need to be 'at the right place at the right time'.Prepared entrepreneurs who seize the opportunity when it arises are the ones considered 'lucky'.

What is the difference between a small business owner and an entrepreneur?

Objectives  & Views
Small Business OwnerEntrepreneur
1. Primary MotivationTo Make a LivingTo Make a Change and Impact
2. Personal Financial GoalRegular IncomeExit Value of Company
3. Career ObjectiveSelf-EmploymentFinancial Freedom
4. Financing StrategySBA or Bank LoansInvestors
5. Business StrategyCreating More SalesProviding Value
6. View of AssetsReal Estate and InventoryEmployees & Customers
7. Risk Taking ProfileStabilityWilling To Fail
8. Employee CompensationMarket Rate or BelowWill Pay for Top Talent
9. Work EnvironmentExtension of Owner’s HomeFast Paced and Growth Focused
10. Investment ProfileMain Investor/Owner of CompanyInvestor/Involvement in Different Businesses
11. Daily ActionsDay to Day ManagerStrategy, Growth and Collaboration
12. Work StyleLong-Term and Enjoys Repetitive TasksShort-Term and a Serial Innovator/Inventor

Thursday, 6 September 2012

Even from the start.....









Even kids have become entrepreneurs, this kid has already started out his own business,making things out of scrap and much more. Start achieving now!

Tuesday, 4 September 2012

About me

Hello everyone,
      Welcome to my blog. My name is Naomi Baba, I'm a student at the American University of Nigeria. This blog is actually just to enlighten people about entrepreneurship. It'll teach you how to start your own business and much more. I hope you enjoy my blog, thanks.