Uniben Campus Villa Inaugural Lecture: Discovering Entrepreneurial Skills On Campus, delivered by Ogochukwu Isioma
INTRO:
Good evening everyone.
My name is Ogochukwu Isioma, the CEO of Campus Gist. I'm the guest speaker of today's UCV lecture series, I'll be teaching on “Discovering Entrepreneurial Skills On Campus”
.
Your undivided attention is highly solicited.
Thanks and God bless you.
COURSE OUTLINE
• What's Entrepreneurship?
• Who's an Entrepreneur?
• What Entrepreneurship is not
• Qualities of an Entrepreneur
• Alternatives to Entrepreneurship
• Skills
• Art of Discovery
• Various skills/biz on campus
• How to kick-start or finance your biz on campus
• Conclusion
• Questions
• AOB
ENTREPRENEURSHIP.
What's It All About?
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global market place.
Entrepreneurship can be scary because there is no guarantee that the business will work, and the entrepreneur may end up losing money for the first few years.
WHO IS AN ENTREPRENEUR?
An Entrepreneur is a risk taker. An entrepreneur is a starter. An entrepreneur is an initiator, a challenger and a driver. Someone that creates something new, either an initiative, a business or a company. He or she is the beginning (and sometimes the end) of a venture, project or activity.
The entrepreneur might not be the ideator, but he or she is definitely the one that decides to make that idea a reality. An entrepreneur is the driver. The entrepreneur is the person in charge, the leader and the person to look to for leadership. He or she is the one that pushes forward and inspires a team to follow. The entrepreneur is the one that sits in the driver’s seat, and has the ability to change direction, accelerate, slow down or even stop a venture. An entrepreneur is accountable and responsible.
The entrepreneur is the ultimate responsible for the destiny of its venture, which can be a company, a project, or any other endeavor. The entrepreneur is the one that has the highest stakes at the venture, thus the one that needs to be empowered to fully direct the endeavor.
HOW TO BECOME AN ENTREPRENEUR WHILE AT UNIVERSITY
Becoming an entrepreneur is not a career choice for everyone. But everyone can learn to think like an entrepreneur.
The good news for university students and applicants is that your university may provide you with the courses, skills and resources you need in order to think like a successful entrepreneur.
Meanwhile, becoming a successful entrepreneur requires more careful and personal in-depth study and research, rather than depending fully on the classroom lessons.
QUALITIES OF A SUCCESS ENTREPRENEUR
1. Disciplined
These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to their goals. They have overarching strategies and outline the tactics to accomplish them. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives.
2. Confidence
The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.
3. Open Minded
Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their goals.
4. Self Starter
Entrepreneurs know that if something needs to be done, they should start it themselves. They set the parameters and make sure that projects follow that path. They are proactive, not waiting for someone to give them permission.
5. Competitive
Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses that they create. An entrepreneur will highlight their own company’s track record of success.
6. Creativity
One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will repurpose products to market them to new industries.
7. Determination
Entrepreneurs are not thwarted by their defeats. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so will try and try again until it does. Successful entrepreneurs do not believe that something cannot be done.
8. Strong people skills
The entrepreneur has strong communication skills to sell the product and motivate employees. Most successful entrepreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to their success.
9. Strong work ethic
The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.
10. Passion
Passion is the most important trait of the successful entrepreneur. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. The successful entrepreneur will always be reading and researching ways to make the business better.
Successful entrepreneurs want to see what the view is like at the top of the business mountain. Once they see it, they want to go further. They know how to talk to their employees, and their businesses soar as a result.
SKILL
A skill is the ability to carry out a task with pre-determined results often within a given amount of time, energy, or both.
Skills can often be divided into domain general and domain-specific skills.
For example, in the domain of work, some general skills would include time management, teamwork and leadership, self-motivation and others, whereas domain-specific skills would be useful only for a certain job.
Skill usually requires certain environmental stimuli and situations to assess the level of skill being shown and used.
Some Campus Biz For Staters Include:
1. Airtime production/distribution (Wholesale and Retail)
2. Packaging and selling of Garri
3. Clothing/Fashion design
4. Web Design/Development
5. Blogging
6. Graphics Design
7. Selling of ready-made soup
8. Mini importation
9. Installation of Softwares
10. Others
THESE AND MANY MORE ARE PROFITABLE BUSINESS YOU CAN ENGAGE IN WHILE ON CAMPUS.
I WILL QUICKLY GIVE HINTS ON THEM BEFORE THE NEXT ITEM ON THE LIST.
Few days back, a smart Nigerian undergraduate asked a question on a popular online forum that goes thus: ‘’Which Business Can a Student Venture into on Campus?’’, and as far as I know, this is something that is bothering a lot of students, especially those from less-privileged homes. One point the undergraduate made that caught my attention was the fact that he actually want to start a business in order to reduce his level of financial dependence on his mum…and that is a great idea!
I have also been asked several times by students about businesses they can engage in on campus. In that case, I have taken the time to summarize some good business opportunities students can venture into on campus that won’t disturb their academics.
1. Small Scale Online Importation
Look around the campus and think about what other students and lecturers alike need but not readily available (or may be available but quite expensive) and provide it for them with ease.
Also look around for what they purchase most…things they cannot do without. This is what most fail-proof businesses are based on -: identifying a need, and fulfilling it competitively.
For example, someone I know just sent from the UK, USB drives to an undergraduate student. She bought them at N950 each, and she is reselling at her campus for between N1,800 - N2,000. And students and lecturers who need it are buying. You can also do the same thing. This is just one of the numerous examples available.
You can import cheap but good quality items such as flash drives, computers/laptops, phones, shoes, bags, clothes, electronics, etc from China, US and UK with as very little capital as 30 - 50k and be making multiple of your capital as return on a monthly basis. This depends on how enterprising you are though. Think of other stuffs you can import that your friends and colleagues do normally buy. This kind of business can’t affect your academics as it mostly done on part-time basis.
2. Blogging
For as long as people make use of the internet, blogging will continue to be a profitable venture. If you have passion for writing, you can start blogging about interesting topics around your campus. You can start blogging about happenings within your campus. Information from faculty to faculty, and so on. When the blog becomes popular among students, you can monetize it in so many ways. E.g. – you can package an ebook about how students can apply for scholarship locally and internationally and sell it for a fee. Whether you sell this or not, dear, be rest assured that some students waste hours daily searching for scholarship info online. So, don’t even think they won’t want to pay you for the information.
Secondly, you can package an ebook for sale on "How to Study Abroad Tuition-free’’. How to surf the internet for free. How to download YouTube videos. How to save WhatsApp status. etc.
You can as well drop me a mail at o.isioma@campusgistng.com or ogochukwuisioma@gmail.com if you are interested in this idea and need my help in any way.
ATTENTION PLEASE!
Due to time factor, I won't be able to cover the topic the way I planned.
Meanwhile, I'd prepare a comprehensive post or an e-book on this same topic and share the link here for everyone to download.
I'd allow participants to ask questions and respond to as many as I can. However, my DM is open for further questions after today.
You can as well send a mail - o.isioma@campusgistng.com, ogochukwuisioma@gmail.com
3. Branding Business
In recent time, branding and customisation business is becoming highly profitable and less stressful. People now brand a lot of stuffs ranging from clothes, bracelets, shoes, bags and so on. This is a huge opportunity for students on campus. You do not even need to know about this business before engaging in it as you can become a broker linking customers (your colleagues) with the designer. Being a social person will help you in this business. Yours is to scout around for business on campus and add your commission to the bill, then get a reliable designer and printer to handle the job. Talk to your friends in different departments for customized shirts for their Departmental Parties and other celebrations of such on campus. Once you get one or two jobs and you handle it successfully, you will become trusted and popular. You will never realize how profitable this business is until you start it. Try it out!
4. Freelancing and Affiliate Marketing.
Freelancing
If you have a Smartphone and have access to the internet, you can become a freelancer or Affiliate marketer.
To start freelancing, visit - freelance.com and get registered.
Get paid for writing article for people, companies etc.
Affiliate marketing.
There are people and organizations that pay for referring leads to them or actual buyers who make a purchase of something they’re selling. Good examples of what to market on Affiliate market include; Apartments, Land, Cars...etc.
You can do a quick search on Google to begin.
5. Photocopy center
If you have ever been in a student-dominated environment before, you would have been awed at the rates at which students flood photocopy centers.
Virtually every day, the average student needs to make copies of pages of a textbook, a class note, an assignment, a document, or some other important piece. This explains why the demand for photocopying services is always huge in school campuses and environs.
So, if you are thinking of a nice business to do while in school, photocopying business is absolutely one of them.
6. Laundry business
Students, like any other set of people, love to look good. But their tight school schedules usually does not give them enough free time to do their laundry, so they mostly to have this done for them. If you have no problems with getting your hands wet, then you should consider starting this business. Fortunately, this business requires no technical knowledge or huge capital.
OTHERS:
Boutique
Book selling
Stationeries
Become a Jumia agent
Photography
LEARN ABOUT MORE SKILLS AT YOUR LEISURE @ http://www.mytopbusinessideas.com/college-students/
http://www.nextnaijaentrepreneur.com/lucrative-small-business-ideas/
I KNOW YOUR NEXT QUESTION WOULD BE "HOW DO I RAISE MONEY TO START ONE?"
THIS IS THE ITEM ON THE OUTLINE.
WAYS TO FINANCE YOUR BIZ.
1. PERSONAL SAVINGS
2. ANGEL INVESTORS
3. INTEREST-FREE LOAN
4. COMMUNITY DEVELOPMENT ASSOCIATIONS
5. FAMILY AND LOVED ONES
6. CROWDFUNDING
7. Others
1. PERSONAL SAVING
YOU CAN START A SMALL BIZ FROM YOUR PERSONAL SAVINGS.
2. ANGEL INVESTORS
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an affluent individual who provides capital for a business start-up.
3. CROWD FUNDING
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way.
You can do a quick search on Google to get started.
4. INTEREST-FREE LOAN
Several organizations, firms and individuals offer interest-free loan.
Search the net, attend seminars, ask questions, use Google Alerts to register for such future opportunity so you don't get to miss out.
Here Are Steps You Can Take Toward Becoming An Entrepreneur During Your Time At University.
1. Learn about the characteristics of a good entrepreneur.
Being a successful entrepreneur takes more than just a good business idea. Entrepreneurs need to be visionaries who can see things that others can’t. Entrepreneurs also need to have leadership and management skills necessary for transforming their vision into reality. Entrepreneurs also need to be good communicators in order to sell their ideas to others.
2. Take entrepreneurship courses.
Starting a business may seem like a daunting process at first. Entrepreneurship courses will teach you how to design, manage and implement your project. You will also learn the basics of business management, which you can then apply to your startup. It’s also important to take communications course.
You need to develop interpersonal skills to communicate your ideas to others and persuade potential investors.
3. Write a business plan.
Your business plan will become the roadmap for your venture. Outline your vision, and write a full description of your business. Don't know what format to use? Workshops, entrepreneurship coursework, and advice from friends can help you devise the perfect business plan.
4. Work on your startup pitch.
Once you've developed your business idea, look for events that allow you to share your business idea with potential investors. At some schools, students can even pitch their business ideas by participating in university-organized events.
5. Build your skills through entrepreneurship training and internships.
NOTE: (Facts)
In order to become a successful entrepreneur it often first takes a great idea. Some ideas are incredibly complex, while others leaves you asking yourself, “Why didn’t I think of that?”
And while the truth is that a business idea might hit you at any moment, by developing entrepreneurship skills you can prepare yourself to not only capture these ideas, but also capitalize on them.
Entrepreneurship is more than financial gains
We tend to associate entrepreneurship with direct financial benefits and risk, but not only when the entrepreneur has equity in the company, he or she is exposed to the financial upsides and downturns. Corporate ventures and corporate entrepreneurship allows “corporate entrepreneurs” to benefit of the upsides of their projects without having equity stakes.
Passion is the real drive
There is another element that really dwells at the center of any entrepreneur: passion! An entrepreneur possesses an interior fuel and stamina that drives his or her actions; this superior energy helps to overtake and surpass the different challenges and it injects strength to continue pursuing goals when difficulties arise. Anyone can be an entrepreneur and behave like one- regardless of whether or not they happen to be an equity holder. Ultimately, it’s all about the attitude when running the show.
Entrepreneurial skills allow you to push boundaries, generate ideas and do things differently. These skills can be applied not just to creating your own business but to changing public policy, improving the economy and changing the quality of lives.
Even if you don't become an entrepreneur, developing an entrepreneurial mindset can still help you lead projects that make a difference in our world.
Lastly, anyone can be an Entrepreneur, BUT not everyone can be a successful entrepreneur.
Thank you.
I remain my humble self - Ogochukwu Isioma, the CEO of Campus Gist.
Good evening everyone.
My name is Ogochukwu Isioma, the CEO of Campus Gist. I'm the guest speaker of today's UCV lecture series, I'll be teaching on “Discovering Entrepreneurial Skills On Campus”
Your undivided attention is highly solicited.
Thanks and God bless you.
COURSE OUTLINE
• What's Entrepreneurship?
• Who's an Entrepreneur?
• What Entrepreneurship is not
• Qualities of an Entrepreneur
• Alternatives to Entrepreneurship
• Skills
• Art of Discovery
• Various skills/biz on campus
• How to kick-start or finance your biz on campus
• Conclusion
• Questions
• AOB
ENTREPRENEURSHIP.
What's It All About?
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global market place.
Entrepreneurship can be scary because there is no guarantee that the business will work, and the entrepreneur may end up losing money for the first few years.
WHO IS AN ENTREPRENEUR?
An Entrepreneur is a risk taker. An entrepreneur is a starter. An entrepreneur is an initiator, a challenger and a driver. Someone that creates something new, either an initiative, a business or a company. He or she is the beginning (and sometimes the end) of a venture, project or activity.
The entrepreneur might not be the ideator, but he or she is definitely the one that decides to make that idea a reality. An entrepreneur is the driver. The entrepreneur is the person in charge, the leader and the person to look to for leadership. He or she is the one that pushes forward and inspires a team to follow. The entrepreneur is the one that sits in the driver’s seat, and has the ability to change direction, accelerate, slow down or even stop a venture. An entrepreneur is accountable and responsible.
The entrepreneur is the ultimate responsible for the destiny of its venture, which can be a company, a project, or any other endeavor. The entrepreneur is the one that has the highest stakes at the venture, thus the one that needs to be empowered to fully direct the endeavor.
HOW TO BECOME AN ENTREPRENEUR WHILE AT UNIVERSITY
Becoming an entrepreneur is not a career choice for everyone. But everyone can learn to think like an entrepreneur.
The good news for university students and applicants is that your university may provide you with the courses, skills and resources you need in order to think like a successful entrepreneur.
Meanwhile, becoming a successful entrepreneur requires more careful and personal in-depth study and research, rather than depending fully on the classroom lessons.
QUALITIES OF A SUCCESS ENTREPRENEUR
1. Disciplined
These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to their goals. They have overarching strategies and outline the tactics to accomplish them. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives.
2. Confidence
The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.
3. Open Minded
Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their goals.
4. Self Starter
Entrepreneurs know that if something needs to be done, they should start it themselves. They set the parameters and make sure that projects follow that path. They are proactive, not waiting for someone to give them permission.
5. Competitive
Many companies are formed because an entrepreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses that they create. An entrepreneur will highlight their own company’s track record of success.
6. Creativity
One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will repurpose products to market them to new industries.
7. Determination
Entrepreneurs are not thwarted by their defeats. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so will try and try again until it does. Successful entrepreneurs do not believe that something cannot be done.
8. Strong people skills
The entrepreneur has strong communication skills to sell the product and motivate employees. Most successful entrepreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to their success.
9. Strong work ethic
The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.
10. Passion
Passion is the most important trait of the successful entrepreneur. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. The successful entrepreneur will always be reading and researching ways to make the business better.
Successful entrepreneurs want to see what the view is like at the top of the business mountain. Once they see it, they want to go further. They know how to talk to their employees, and their businesses soar as a result.
SKILL
A skill is the ability to carry out a task with pre-determined results often within a given amount of time, energy, or both.
Skills can often be divided into domain general and domain-specific skills.
For example, in the domain of work, some general skills would include time management, teamwork and leadership, self-motivation and others, whereas domain-specific skills would be useful only for a certain job.
Skill usually requires certain environmental stimuli and situations to assess the level of skill being shown and used.
Some Campus Biz For Staters Include:
1. Airtime production/distribution (Wholesale and Retail)
2. Packaging and selling of Garri
3. Clothing/Fashion design
4. Web Design/Development
5. Blogging
6. Graphics Design
7. Selling of ready-made soup
8. Mini importation
9. Installation of Softwares
10. Others
THESE AND MANY MORE ARE PROFITABLE BUSINESS YOU CAN ENGAGE IN WHILE ON CAMPUS.
I WILL QUICKLY GIVE HINTS ON THEM BEFORE THE NEXT ITEM ON THE LIST.
Few days back, a smart Nigerian undergraduate asked a question on a popular online forum that goes thus: ‘’Which Business Can a Student Venture into on Campus?’’, and as far as I know, this is something that is bothering a lot of students, especially those from less-privileged homes. One point the undergraduate made that caught my attention was the fact that he actually want to start a business in order to reduce his level of financial dependence on his mum…and that is a great idea!
I have also been asked several times by students about businesses they can engage in on campus. In that case, I have taken the time to summarize some good business opportunities students can venture into on campus that won’t disturb their academics.
1. Small Scale Online Importation
Look around the campus and think about what other students and lecturers alike need but not readily available (or may be available but quite expensive) and provide it for them with ease.
Also look around for what they purchase most…things they cannot do without. This is what most fail-proof businesses are based on -: identifying a need, and fulfilling it competitively.
For example, someone I know just sent from the UK, USB drives to an undergraduate student. She bought them at N950 each, and she is reselling at her campus for between N1,800 - N2,000. And students and lecturers who need it are buying. You can also do the same thing. This is just one of the numerous examples available.
You can import cheap but good quality items such as flash drives, computers/laptops, phones, shoes, bags, clothes, electronics, etc from China, US and UK with as very little capital as 30 - 50k and be making multiple of your capital as return on a monthly basis. This depends on how enterprising you are though. Think of other stuffs you can import that your friends and colleagues do normally buy. This kind of business can’t affect your academics as it mostly done on part-time basis.
2. Blogging
For as long as people make use of the internet, blogging will continue to be a profitable venture. If you have passion for writing, you can start blogging about interesting topics around your campus. You can start blogging about happenings within your campus. Information from faculty to faculty, and so on. When the blog becomes popular among students, you can monetize it in so many ways. E.g. – you can package an ebook about how students can apply for scholarship locally and internationally and sell it for a fee. Whether you sell this or not, dear, be rest assured that some students waste hours daily searching for scholarship info online. So, don’t even think they won’t want to pay you for the information.
Secondly, you can package an ebook for sale on "How to Study Abroad Tuition-free’’. How to surf the internet for free. How to download YouTube videos. How to save WhatsApp status. etc.
You can as well drop me a mail at o.isioma@campusgistng.com or ogochukwuisioma@gmail.com if you are interested in this idea and need my help in any way.
ATTENTION PLEASE!
Due to time factor, I won't be able to cover the topic the way I planned.
Meanwhile, I'd prepare a comprehensive post or an e-book on this same topic and share the link here for everyone to download.
I'd allow participants to ask questions and respond to as many as I can. However, my DM is open for further questions after today.
You can as well send a mail - o.isioma@campusgistng.com, ogochukwuisioma@gmail.com
3. Branding Business
In recent time, branding and customisation business is becoming highly profitable and less stressful. People now brand a lot of stuffs ranging from clothes, bracelets, shoes, bags and so on. This is a huge opportunity for students on campus. You do not even need to know about this business before engaging in it as you can become a broker linking customers (your colleagues) with the designer. Being a social person will help you in this business. Yours is to scout around for business on campus and add your commission to the bill, then get a reliable designer and printer to handle the job. Talk to your friends in different departments for customized shirts for their Departmental Parties and other celebrations of such on campus. Once you get one or two jobs and you handle it successfully, you will become trusted and popular. You will never realize how profitable this business is until you start it. Try it out!
4. Freelancing and Affiliate Marketing.
Freelancing
If you have a Smartphone and have access to the internet, you can become a freelancer or Affiliate marketer.
To start freelancing, visit - freelance.com and get registered.
Get paid for writing article for people, companies etc.
Affiliate marketing.
There are people and organizations that pay for referring leads to them or actual buyers who make a purchase of something they’re selling. Good examples of what to market on Affiliate market include; Apartments, Land, Cars...etc.
You can do a quick search on Google to begin.
5. Photocopy center
If you have ever been in a student-dominated environment before, you would have been awed at the rates at which students flood photocopy centers.
Virtually every day, the average student needs to make copies of pages of a textbook, a class note, an assignment, a document, or some other important piece. This explains why the demand for photocopying services is always huge in school campuses and environs.
So, if you are thinking of a nice business to do while in school, photocopying business is absolutely one of them.
6. Laundry business
Students, like any other set of people, love to look good. But their tight school schedules usually does not give them enough free time to do their laundry, so they mostly to have this done for them. If you have no problems with getting your hands wet, then you should consider starting this business. Fortunately, this business requires no technical knowledge or huge capital.
OTHERS:
Boutique
Book selling
Stationeries
Become a Jumia agent
Photography
LEARN ABOUT MORE SKILLS AT YOUR LEISURE @ http://www.mytopbusinessideas.com/college-students/
http://www.nextnaijaentrepreneur.com/lucrative-small-business-ideas/
I KNOW YOUR NEXT QUESTION WOULD BE "HOW DO I RAISE MONEY TO START ONE?"
THIS IS THE ITEM ON THE OUTLINE.
WAYS TO FINANCE YOUR BIZ.
1. PERSONAL SAVINGS
2. ANGEL INVESTORS
3. INTEREST-FREE LOAN
4. COMMUNITY DEVELOPMENT ASSOCIATIONS
5. FAMILY AND LOVED ONES
6. CROWDFUNDING
7. Others
1. PERSONAL SAVING
YOU CAN START A SMALL BIZ FROM YOUR PERSONAL SAVINGS.
2. ANGEL INVESTORS
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an affluent individual who provides capital for a business start-up.
3. CROWD FUNDING
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way.
You can do a quick search on Google to get started.
4. INTEREST-FREE LOAN
Several organizations, firms and individuals offer interest-free loan.
Search the net, attend seminars, ask questions, use Google Alerts to register for such future opportunity so you don't get to miss out.
Here Are Steps You Can Take Toward Becoming An Entrepreneur During Your Time At University.
1. Learn about the characteristics of a good entrepreneur.
Being a successful entrepreneur takes more than just a good business idea. Entrepreneurs need to be visionaries who can see things that others can’t. Entrepreneurs also need to have leadership and management skills necessary for transforming their vision into reality. Entrepreneurs also need to be good communicators in order to sell their ideas to others.
2. Take entrepreneurship courses.
Starting a business may seem like a daunting process at first. Entrepreneurship courses will teach you how to design, manage and implement your project. You will also learn the basics of business management, which you can then apply to your startup. It’s also important to take communications course.
You need to develop interpersonal skills to communicate your ideas to others and persuade potential investors.
3. Write a business plan.
Your business plan will become the roadmap for your venture. Outline your vision, and write a full description of your business. Don't know what format to use? Workshops, entrepreneurship coursework, and advice from friends can help you devise the perfect business plan.
4. Work on your startup pitch.
Once you've developed your business idea, look for events that allow you to share your business idea with potential investors. At some schools, students can even pitch their business ideas by participating in university-organized events.
5. Build your skills through entrepreneurship training and internships.
NOTE: (Facts)
In order to become a successful entrepreneur it often first takes a great idea. Some ideas are incredibly complex, while others leaves you asking yourself, “Why didn’t I think of that?”
And while the truth is that a business idea might hit you at any moment, by developing entrepreneurship skills you can prepare yourself to not only capture these ideas, but also capitalize on them.
Entrepreneurship is more than financial gains
We tend to associate entrepreneurship with direct financial benefits and risk, but not only when the entrepreneur has equity in the company, he or she is exposed to the financial upsides and downturns. Corporate ventures and corporate entrepreneurship allows “corporate entrepreneurs” to benefit of the upsides of their projects without having equity stakes.
Passion is the real drive
There is another element that really dwells at the center of any entrepreneur: passion! An entrepreneur possesses an interior fuel and stamina that drives his or her actions; this superior energy helps to overtake and surpass the different challenges and it injects strength to continue pursuing goals when difficulties arise. Anyone can be an entrepreneur and behave like one- regardless of whether or not they happen to be an equity holder. Ultimately, it’s all about the attitude when running the show.
Entrepreneurial skills allow you to push boundaries, generate ideas and do things differently. These skills can be applied not just to creating your own business but to changing public policy, improving the economy and changing the quality of lives.
Even if you don't become an entrepreneur, developing an entrepreneurial mindset can still help you lead projects that make a difference in our world.
Lastly, anyone can be an Entrepreneur, BUT not everyone can be a successful entrepreneur.
Thank you.
I remain my humble self - Ogochukwu Isioma, the CEO of Campus Gist.
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