Traits of Entrepreneurs (I)  What do they do? Let me start by telling you a little about my own journey. By the time I graduated and went on to postgraduate studies, I was always at the top of my class (although it did not start this way from secondary school.

How to Generate Business Ideas: We should first understand that businesses basically solve some problem or create some convenience for which a sufficiently large number of customers are willing to profitably pay for. Three factors are important here: Solve a problem or create some convenience. This can be by way

Testing your Business Ideas: Succeeding in business takes a number of several things done right. After coming up with an idea, it is imperative that it is tested to ensure that it meets basic commercial considerations before additional resources are committed to it. Let us call this ‘test of feasibility’.

Business Planning: Our last write up was on ‘Testing Business Ideas’. This was basically to enable you check the possible feasibility of your business idea. I strongly suggest this first stage so that you do not commit resources on the more detailed business planning only for you to realise that

Factors to Consider Before Going into Business: Traditionally, people have the option of either working in a paid employment or go into business. Paid employment can be in either the private or public sectors. Any career option that one takes is quite as good as the other. What is important

Prioritisation: Everyday we take literally hundreds of decisions in our lives. The net position of our lives on any given day is a reflection of our several thousands of decisions in the days and years before. Prioritisation makes it possible for us to set and pursue goals on a daily

Getting Things Done: As I mentioned in the write up on prioritisation, nothing happens in life until we get something done. In fact, if we don’t do something, something else that we do not desire is likely to happen! To succeed in business, and indeed life generally, we must create

Going into business is a fascination for most people. Some have determined that they are not ‘cut out’ for it, and so avoid it. Some others however can only ‘be in business’ than anything else. Somewhere in-between this wide spectrum, are people who are not sure either way. It is

Business is both easy and tough. It is easy to the extent that it almost always simply involves identifying a need and satisfying it. It is difficult to the extent that a lot of things must be done right, from being able to correctly identify the need to being able

Most young entrepreneurs assume that funds is the most important resource they need to start their ventures. Whilst funding is an important element in the overall  scheme of business operation, we sometimes over emphasise its necessity, especially at the beginning of our ventures. The overemphasis made can make an aspiring

Over the years, the success of a business enterprise at all stages has been linked to capabilities in leadership, innovation, customer service, supply chain management etc. These are definitely extremely important  issues which must be properly handled by an entrepreneur setting himself to succeed. However, except for a book here,

I am starting our short business stories with Richard Branson because I like three things about him. The first is that he is, obviously, a very determined businessman; the second is that he brings adventure into business; and the third is that he has fun doing what he does! I

Most people view ‘being the Boss’ as an opportunity to enjoy various benefits, perks, and privileges. The benefits, perks, and privileges are definitely nice. But even if you are starting a multi-million dollar business, those are not what should excite you. And if they are what entirely excite you, I