In this article, I will be teaching you 7 Things About Entrepreneurship Your Boss Wants To Know.
Hope you are aware that too many of the problems and challenges beclouding entrepreneurship are traceable to structural imbalance in the mind of the major players. That is why the first thing about entrepreneurship your boss wants to know is in the realms of the mindset.
#1: AN ENTREPRENEUR’S MINDSET DETERMINES THE PROFITABILITY QUOTIENT
Beloved, your boss wants to know that too many entrepreneurial problems and challenges are traceable to structural imbalance in the mind of man.
The level at which darkness beclouds an entrepreneur is a function of the level of entrepreneurial ignorance and laziness.
Most entrepreneurs are suffering business afflictions, sicknesses, and diseases not because the devil is powerful, but because they lack the requisite entrepreneurial light that will terminate darkness and culminate into total profitability in the entrepreneurial world.
Your entrepreneurial mindset determines your entrepreneurial month-pay. Your mindset is the energizer of your world. Your mindset is one of your major leverages.
Do you know that what you have in your mind is what you say? Your words come from your mind. Words are seeds. When sowed, they must produce. But, the challenge is the result they produce: Good or Bad?
When your words are positive, they produce commensurate and equivalent result.
Your Word is your leverage. It is the commonest leverage. Just say what you want to see; for words are free. Keep saying them, until they grow to maturity, they cannot produce.
So mightily grew the Word of God and prevailed. (Acts 19:20)
It does not matter the situation of your business, all you need to do is to say what you want to see. As long as it is consistent with what the Word of God says about your situation, you must see the desires of your heart. This is an entrepreneur’s success secret!
#2: ENTREPRENEURSHIP IS A NOBLE CALLING
Secondly, your boss wants to know that entrepreneurship is a call to serve. If you are in entrepreneur, you are in service. Believe it or not, you are serving others. Thus, it is a worthwhile venture.
Without a heart for service, you cannot make it in entrepreneurship. Entrepreneurship is strategically created by God for the services to man.
Yinkas A. A. Adebajo, in his writing, noted, “If you want to be great, you must first be the servant of all. You must not wait to be served but to serve and serve your nation with all your heart”.
Myles Munroe said it right when he uttered that true leaders transcend private comforts to comfort others.
“Whoever wants to become great among you, must be your servant and whoever wants to be first must be slave of all. For even the son of Man did not come to be served, but to serve, and to give His life as a ransom for many”. The Bible observed.
Many people do not seem to understand that to be an entrepreneur is to serve others. An entrepreneur must satisfy his/her customers to survive and have a sustainable business. Service is a necessary facility (a pre-requisite) of profit.
As an entrepreneur, you create goods and services for others. Every product that sustains and improves human lives is made possible through the world’s creators (Entrepreneurs). Entrepreneurship is thus a noble calling. That is why the Holy Book says, “A sluggard does not plant in season: so at harvest time he looks but finds nothing”. Proverb 20:4.
Sunday Adelaja, in his book, “Declaring War On Poverty” (2008:27) supported this when he wrote,“Christians should not work for money. Every Christian should go to work with one goal and purpose, to bring the kingdom of God into the sphere where he/she is working. Our thoughts should be, ‘I am going to work, because God is sending me there. I am His ambassador.’ If we are working because we must survive, then our motivation is money. It means money controls our actions. It rules over us.
God gave you a place of work so that His will be done. I do not care how I am treated, or what others think about me, I go to work on behalf of God. Work for me is service to God; it is a way of establishing His kingdom on earth. I do not work for money- I serve God. Of course, I want to have a decent salary, but that is not my primary goal.
If I were motivated by money, then I would serve money, not the Lord. Instead, I want to be an example to my co-workers – and then God will provide everything necessary in life.
If your motivation is different, then you need to change. All work should be service to God, and money only a by-product of such services”.
#3: ENTREPRENEURSHIP IS A PROBLEM-SOLVING TOOL
Thirdly, your boss wants to know that it is the problems you solve that determine your status in the entrepreneurship world.
Entrepreneurship is the art and science of solving problems and challenges in an environment. Until you are a problem-solver, you are not an entrepreneur.
Focusing on the money you will make through an entrepreneurship idea is failing before even starting. A genuine entrepreneur must solve part of the hydra-headed problems and challenges of man to be seen as one.
The extent of the problem you solve is the only guarantee for your promotion in life. The world today is full of challenges and problems. The truth is that these seemingly hydra-headed challenges and problems are the real money-makers.
You can make all the money you desire to make when you discover a challenge or problem that is in alignment with your destiny and solve it.
If God called you to be a musician, there are many problems you can use songs to solve. Sing songs that will stop the operations of terrorism, prostitution, armed-robbery, and other social menace. Use you songs to correct the excesses of some people of the world.
If you are called to write, just like me, locate some human problems that are in alignment with your Assignment on earth and write against them, proffering solutions for a dynamic change.
For example, God called me to teach entrepreneurship globally, that is why my Business School, APPLESOFT BUSINESS INSTITUTE (ABI) is standing tall physically located in Port Harcourt and digitally located via AlaNaija.com
Who are you? What is your Assignment on earth? Where are you called to serve? How are you going to go about the Assignment? If you can comfortably answer these basic four questions, then you have discovered your purpose.
But, beyond these, what problems and challenges have you discovered around you? How does the people around you relate? What are their conditions of life? Are they poor or rich? What attitudes do they possess and portray?
All these seemingly hydra-headed challenges and problems are opportunities for your supernatural breakthrough. Do you know that you can really make money out of these challenges and problems?
God told me few days to the official launching of my weekly seminars in Africa that He (God) does not empower personal needs but He empowers visions.
Until you get determined to solve practical problems, God might not empower you financially. Thus, you do not start a business because you acquired skills or trainings in that area but because you have discovered a seeming challenge that aligns with your destiny that you want to solve. That is what guarantees the release of finances from the throne of grace. If you doubt me, ask Jonah, when you meet him, who paid his fare to Tarshish? He paid the fare! (Jonah 1:3)
But Jonah rose up to flee unto Tarshish from the presence of the Lord, and went down to Joppa; and he found a ship going to Tarshish; so HE PAID the fare thereof,…(Emphasis mine)
Stop searching for a non-existent job! Create work for yourself and your work will in turn create wealth for you and others. That is what entrepreneurship is all about!
#4: REAL ENTREPRENEURSHIP IS ABOUT THE FORMULATION OF SYSTEMS
Fourthly, your boss wants to know that success in any entrepreneurship is a function of system creation! A system makes entrepreneurship a cash-machine. Systems are means of introducing leverage into entrepreneurship. They add value to your processes and produce higher value products at an unbelievable lower price.
Systems allow entrepreneurship to operate and function independent of the owner and produce profits without personal perspiration.
A system is a set of procedures or steps that you place into entrepreneurship to ensure a predictable outcome each time.
Creating a system is one of your competitive advantages in life entirely. A system helps you to maximize your efficiency and minimizing waste.
With a system, entrepreneurship becomes a well-oiled machine, needing only an occasional adjustment for changes in the market, the competitive environment, customer demand, etc.
A system helps you to develop sales, marketing, production, distribution, accounting efficiency and effectiveness.
Your system makes complex repetitive activities simple and easy.
Systems and procedures set out what your staff has to do, how to do it, when to do it, and where to do it.
Systems ensure consistent quality and performance. And you can do that every time, with complete predictability.
A good system allows you to have a complex task performed by less skilled and less experienced workers.
A system makes your destiny less reliant on individuals and more reliant on God through the process of machinery and operations. Since procedures are much more reliable than individuals.
A system makes it easier to train others.
Systems reduce the cost of running your life and business. You normally have highly skilled results produced by lower cost labour; thus, sky-rocketing efficiency and effectiveness.
I once read a story about a village that had no water unless it rained. To solve this problem, the elders decided to have people bid the contract to have water delivered to the village on a daily basis.
Two people volunteered to take on the task and the elders awarded the contract to both of them; maybe, to avoid monopoly (A situation where only one person determines both price and supply).
One started without a system created. Immediately after the awarding of the contract, he quickly ran out, bought two galvanized steel buckets and began running back and forth along the trail to the lake which was a mile away. He immediately began making money as he laboured morning to dusk hauling water from the lake with his two buckets.
He would empty them into the large concrete holding tank the village had built.
Each morning he had to get up before the rest of the village awoke, to make sure there was enough water for the village when they wanted it.
It was hard work, but he was very happy to be making money and for having one of the two exclusive contracts for this business.
The other created a business system first for a while, nobody saw him.
Instead of buying two buckets to compete with the other winning contractor, he wrote a Business Plan, created A Corporation, found four Investors, employed a President to do the work, and returned six months later with a construction crew.
Within a year, his Team built a large volume stainless steel pipeline which connected the village to the lake.
At the grand opening celebration, he announced that his water was cleaner than his competitor’s water.
He knew that there had been complaints about dirt in his competitor’s water.
He also announced that he charges 75% less than his competitor; regardless of the higher quality and more reliable source of water.
The village cheered and ran immediately for the faucet at the end of his pipeline.
His competitor devised another strategy in order to compete. His opponent, that started earlier on, immediately lowered his rate by 75%, bought two more buckets, added covers to his buckets and began hauling four buckets each trip.
In other to provide better service, he hired his two sons to give him a hand for the night shift and no weekends.
When his boys went off to college, he said to them, “Hurry back because someday this business will belong to you!”
He lost his two sons for some reasons, after college, his two sons never returned.
Eventually he had employees and union problems. The union demanded higher wages, better benefits, and wanted its members to only haul one bucket at a time.
His competitor later became extremely rich. His competitor realized that if his village needed water, then other villages must need water too.
He rewrote his Business Plan, and went off to sell his high-speed, high-volume, low-cost and clean water delivery SYSTEM to villages throughout the world.
He only makes a penny per bucket of water delivered but he delivered billions of buckets of water and all that money poured into his bank account.
He lived happily ever after but his competitor worked hard for the rest of his life and had financial problem forever after.
Thus, to establish a blossoming business, you need to discover and apply the mystery of system creation. For without a system, there will be no tangible foundation and structure for your supernatural manifestation in the entrepreneurship world.
#5: ENTREPRENEURSHIP IS A PRODUCT OF IDEATION
Fifthly, your boss wants to know that ideas are the real wealth of life. Those who lack ideas end up as nobodies on earth. Money is not the cure to poverty; transformative ideas and consequent application of these ideas beneficially are the real cure to poverty.
Entrepreneurship is an ideation tool. Without ideas, there will be no entrepreneurship. Lack of ideas means “No entrepreneurship”. Andrew Carnegie supported this statement when he posited that all achievements, all earned riches, have their beginning in an idea.
After reading the works of Christian Richman, in his book, “20 Ways of making Millions from the scratch”, the Holy Spirit laid it to my heart to share the light contacted here. This, in just few words in this session, I shall be sharing his write-up in this regard…
Many people erroneously believe that it takes money to make money. It only takes great ideas to make money. First of all, you need to know what you want, have a plan, stick to it and then use money to back up your idea. There are stories of many people who have been able to bring out an idea and build it into a winning business and who became rich in the process.
Many people are only copycats. They wait for people to bring out ideas and then rush to copy…learn how to raise business ideas.
Development of business ideas is unarguably one of the critical things in entrepreneurship especially for young entrepreneurs.
#6: ENTREPRENEURSHIP MAKES YOU BECOME A GOOD LEADER BECAUSE LEADERSHIP IS ALL ABOUT SERVICE
Sixthly, your boss wants to know that anybody that wants to lead must serve. Therefore, since you are viewing people’s needs and wants and trying to solve them, that means you are a leader. Entrepreneurship provides employment to the unemployed. For instance, one of the statistical revelations in USA revealed that, over 23 million small businesses employ more than 50% of the private work force.
Entrepreneurship therefore increases the standard of living of the people. This is because those who are self-employed today are helping to boast the economy of this nation. Then, tell me, who is better a leader of the people than a productive people, service and result-oriented person?
#7: MY E-BOOK, “SECRETS OF BUSINESS BREAKTHROUGH” CONTAINS ALL A REAL AND INTENDING ENTREPRENEUR WILL EVER NEED TO COMMAND COMMANDERS IN THE ENTREPRENEURIAL WORLD…
Seventhly, your boss wants to know that it takes insight to make impact in life. Your boss needs to understand that entrepreneurship is no cheap talk but hard work. This article was written and developed by me using the night season.
Many were fast at sleep when I was busy pounding it out through my laptop. I was enjoying myself. But, the truth is that without a level of discipline and total commitment to my laptop lifestyle, blogging inclusive, you wouldn’t be reading this article now.
You need to master the art and science of entrepreneurship. And one of the major ways of doing that is by reading well-written and developed business and entrepreneurial books. “Secrets of Business Breakthrough” has the secret!” (CLICK HERE to DOWNLOAD it now!)
See You Over The Top! Cheers!
I remain your humble servant,
Applesoft Business Institute (ABI),