to develop a entrepreneur mindset. Although this is point 4, it is the first ingredient that you require.
How to develop the entrepreneurship mindset
Entrepeneurs are know for their ability to take caculated risk, networking, relentless work ethic,discipline, vision, passion for excellence, risilence, patience and never say die mentality. Thesecharacter traits are necessary for you to survive the ups and downs of starting and running asuccessful entrepreneur.It is also necessary to read about the stories of successful entrepreneurs and general business booksso that you can contextualize and internalize the entrepreneurship mindset. You will also need tohave basic knowledge about bookkeeping, marketing, sales and administration, there are many shortcourses that you can take to acquire this knowledge.Some of the books that should be on the reading list of any aspiring entrepreneur are listed below.1.Africa Greatest Entrepreneurs 20112.The Innovator’s Dilemma : Clayton Christiansen 19973.Good to Great & Built to last -Jim Coolins 20054.Zimbabwe's Greatest Entrepreneurs -20125.How to Change the World," by David Bornstein6.Outliers by Malcolm Gladwell7.Start With Why," by Simon Sinek 8.The Entrepreneur Equation by Carol Roth9.The Little Big Things: Tom Peters10.The 7 Habits of Highly Effective People by Stephen R. Covey11.. In Search of Excellence: Thomas J. Peters and Robert H. Waterman, Jr.
How to identify a feasible business opportunity or idea.
Its very easy to think of a business idea, the difficult thing is to find a feasible business idea that hasmarket potential. The best way to do this is look at the everyday problems you face in life and think of ways to solve them.At this stage you will probably come up with 10-15 business opportunities, you will then need toconduct a feasiblity market research on the business idea. A feasibility market research study willhelp you a look at the market potential of your business ideas. In the end you will probably have 2-3 business ideas that are more likely to succced.
How to develop a product or service that people are willing to pay for
The only way you can convert a feasible business idea into a viable product or service that peopleare willing to pay theirhard earned cash for is by knowing what the customer wants. So you willneed to conduct extensive research inorder to know as much as you can about your target marketand your competitors.Your business idea or opportunity should be spelled out in a unique selling proposition thatdifferintiates your product or servce from the rest and additionally makes your target market want tobuy your product or service instead of your competitors.From a process of iterative market research and product or service development you will come upwith a compelling product that people want to buy.
How to develop business systems to deliver a product or a service
When you have a product or service you feel people are willing to pay for, the next step is todevelop business systems that will deliver the product or srvice to market.The main components of your business system are1.A legal business entity that is compliant with all legislation (tax, labour & environmental