Because people invest in people, it is important for potential entrepreneurs to assess whether their personality and beliefs are compatible with entrepreneurship. Spending some time in the introspection stage is a good exercise and can help to minimize the odds of choosing the wrong type of business. Some critical issues […]
Entrepreneur
Certain behaviours prove to be detrimental to entrepreneurs. These behaviours are often found in less successful entrepreneurs and should be avoided. Greed Entrepreneurs who display greed rarely share the business’s successes with others, including employees. They tend to hold out for the highest price, even at the cost of losing […]
Increasingly, most entrepreneurs have the intense desire to start a business long before they know what the business will be. It is that internal need to be independent and create something, “the burning gut,” that drives entrepreneurship. The reason why passion is so important is that starting a business is […]
Opportunity Recognition For entrepreneurs to exist and thrive there must be opportunities to develop new goods and services, means to gather the resources to produce these good and services, mechanisms to bring them to market at a price greater than their cost of production. What differentiates entrepreneurial opportunities from other […]
Entrepreneurs start a business for a variety of reasons. Sometimes their progress is blocked at the company, for which they work, or they see a better way to do something, or they just want to see whether an idea will work. Some entrepreneurs have started their business after taking a […]
By Fagbuyi, MD Jomaxcel Technology. Engineer Omotayo Fagbuyi is a chemical and hygiene specialist. He attended Cleaning Institute, United Kingdom, where he obtained a professional certificate in Chemical and Hygiene Productions. He is the Chief Executive Officer of Jomaxcel Technology. Through his chemical and hygiene platform, Fagbuyi has been […]
