Successful entrepreneur are those who did not wait to see the end of the road before taking a step ahead others. Don't wait for opportunity, create it and stop waiting for the perfect time to start off. Entrepreneurs are responsible for the success and failures of a business so don't be scared to spend your time and capital on uncertain ventures. Risk taking is necessary because that's what makes you to widen your knowledge, determined, focused, resilient and to keep executing your plans. Learn more about entrepreneurship and know the type of entrepreneur you're yet to become and the elements involved.
Reasons to take risk as an entrepreneur.
As a startup entrepreneur it's usually expected to feel that everything will work out perfect as imagined or planned in your own idea. The thought of having enough money to launch a business and build your team and company always sounds big, wonderful and exceptional if possible. But the bitter truth of the matter is that, you have 85% chances of getting rejected and disappointed especially when you're starting out with limited capital, resources, no team etc. It's very common to suffer at the beginning trying to get your startup off the ground.
Getting a business plan is not enough which is also an element of an entrepreneur because your idea will possibly look great to you but seemingly not to others. https://travelwithcurrent.blogspot.com/2019/04/my-business-plan-2019-one-of-most.html Thereby making room for disappointments and rejections due to high expectations. It's not all about having a great idea and every other thing will fall in place. Prepare your mind and be ready to feel discouraged at some point but remember not to give up on your dream, as long as you stay on your course and keep pushing, it will definitely get better with time.
If bank loans are advisable as a startup
Being an entrepreneur involves risk taking, careful planning and hard work. Yet nobody can really be sure if risk taking will pay off, no matter how calculated they maybe. In as much as, entrepreneurs are known for risk taking, I don't and won't advice any startup entrepreneur to take bank loans to invest in their business no matter how optimistic you're about making a lot of money within a short time of operating the business. it's quite necessary to take risk as an entrepreneur, note that successful risk are calculated and based on a personal motivation of the individual. Read more on https://www.aib.edu.au/blog/entrepreneurship/5-reasons-entrepreneurs-take-risks/
Benefits of being an entrepreneur.
The dream of every entrepreneur is to build a successful business, have a financial freedom and make investments that yields profit. They exploit business opportunities, create Job employments and also take care of unmet market needs etc. These are some of the benefits of being an entrepreneur, only if you're determined, resilient and focused to single yourself out by taking a leap of faith (risk taking) to achieve your dreams. Read more on
https://www.liveplan.com/blog/why-risk-takers-are-winners-and-why-all-entrepreneurs-should-take-risks/
Personally, I have tried out some things all in making my writing career a success and am still in the ministry of exploring and trying out new opportunities for myself. I have put in my time and resources in establishing my site, taking responsible for all my ups and down but am pushing hard with all I've got to make this happen. No matter how many times I fall, I believe I will get up and continue this race of financial freedom because I didn't come all this way just to let everything that I've worked for vanish into thin air.
If you've been following my blog for awhile you will understand what I mean that am still finding my foot but nevertheless, I will get there by God's grace.
Follow my Facebook page Travel with current @consy adione to get updates about my blog and when I will release my first new book NOVEMBER which is coming out very soon. Anticipate.
How to save for your investments as a startup rather than getting a loan.
We have 365 days in a year. let me break it down on how u can achieve a great savings this 2020
100 naira daily------ 36,500 naira
200 naira daily------ 73,000
300 naira daily------ 109,500
500 naira daily------ 182,500
1,000 naira daily------ 365,000
1500 naira daily------ 547,500
2,000 naira daily------ 730,000
2,500 naira daily------ 912,500
3,000 naira daily------ 1,095,000
Choose anyone u can be consistent with, meet a good carpenter to help u construct a piggy bank or better still open a piggyvest account where you will get interest for your savings and investment opportunities.
Say NO to reckless spending this year..this will help, or at least monthly savings for investments (eg join piggyvest using #Consyadione as referral ID) just thank me at end of the year , do you know that you can even save for project to be executed in next five to 10years.
If you are going to succeed in business, it’s going to be you who creates that success!
If you are going to fail in business, it’s going to be you who creates that failure!
You are the difference between success or failure.
There can and has to be mentors who guide you, but they can’t do it for you!
They are there to work with you, but not for you.
