The Entrepreneur Journey: The Arrival

I would like to share the key lessons I learned about entrepreneurship. They are lessons that if we apply them we can guarantee success, most of the time at a professional level but I am referring mainly to personal success in all aspects of our lives. 

The lessons are:

# Lesson Number 1: DREAM BIG

# Lesson Number 2: REMEMBER YOUR WHY and LEARN

# Lesson Number 3: PERSEVERANCE, NEVER GIVE UP, and MOVE FORWARD 

# Lesson Number 4: EMBRACE FAILURE AS A FRIEND

# Lesson Number 5: SURROUND YOURSELF WITH GOOD FELLOW TRAVELERS

# Lesson Number 6: FIND GREAT MENTORS

# Lesson Number 7:  DEVELOP "THE VIRTUE OF INTEGRITY "

# Lesson Number 8:  LOYALTY TO GOD AND FAMILY

# Lesson Number 9: OVERCOMING CHALLENGES

# Lesson Number 10:  BECOMING A CHANGE MAKER

 

The last bit of advice to someone wanting to begin the entrepreneur journey would be:

Make the Lord your partner on this Path. He is the greatest partner you could ever have. He will lead you and guide you in all the projects you establish and in all aspects of your life.

Trust in yourself and never give up.

Even though the Path sometimes is difficult you can do it. You can change the world and make a difference in many lives.

My words of advice, direction, or caution would be:

Mentioned the words of Jeff Sandefer I would recommend: “Every moment of your life like it matters because it does. It means to live as if you have an important mission because you do. It means seeing struggles as adventures and setbacks as lessons. We should ask ourselves these three important questions:

-Have I contributed something meaningful?

 -Was I a good person?

-Who did I love, and who loved me?

    Never give up your search for a calling. Use God-given gifts, and do something that brings you great joy”.

 

If you don’t choose a hero’s journey, then who will? And… if you don’t start now, then when?

  

Recognizing and Shaping Opportunities

A Journey of GRATITUDE

President Monson in his talk “An Attitude of Gratitude” taught: This is a wonderful time to be living here on earth. Our opportunities are limitless. While there are some things wrong in the world today, there are many things right, such as teachers who teach, ministers who minister, marriages that make it, parents who sacrifice, and friends who help.

We can lift ourselves, and others as well, when we refuse to remain in the realm of negative thought and cultivate within our hearts an attitude of gratitude. If ingratitude is numbered among the serious sins, then gratitude takes its place among the noblest of virtues”.

 

How Is an Idea Different from an Opportunity?

 

“The pursuit of opportunities is the essence of entrepreneurship. We define an opportunity as a future state that is both desirable and achievable. We also make a distinction among ideas, possibilities, and opportunities. The process of identifying and exploiting entrepreneurial opportunities begins with an idea that addresses some societal needs. The entrepreneur must first check the idea for economic feasibility and, once satisfied that it is a realistic possibility, for the idea’s “fit” with his or her situation and plans. Only then can the entrepreneur be reasonably confident that this is the right opportunity to pursue at this time”. (HOWARD H . STEVENSON, SHIRLEY M. SPENCE)

 

I love the concept of entrepreneurship defined as the search for an idea to satisfy a need and from there find a solution. It may not be an easy task but it is worth trying.

 

 Lynda M. Applegate states:  “An entrepreneur might get an idea for a new venture by seeing patterns that suggest a solution to a compelling market need—one that customers may not even have identified.

An entrepreneur turns an idea into an opportunity by crafting a business model that identifies a strategy for targeting a market segment with a solution that will attract customers, partners, investors, key employees, and other resources that will be needed to enter and gain traction in the market and create value for all stakeholders. This value proposition will also include cash flow forecasts that reflect the entrepreneur’s assumptions for how the business model will generate cash flow once it is implemented”.

 

GREAT OPPORTUNITIES AHEAD .........!!!!!!

 Becoming a Change-Maker

“It is… time to ask ourselves the most fundamental of questions:

"What's a Business For?"

 

                    Why are virtue and integrity so vital to an economy?

Virtue and integrity are important for the economy because the economy is based on values such as ethics and trust within their companies. Charles Handy states, "Markets rely on rules and laws, but those rules and laws, in turn, depend on truth and trust." Trust among business people is a fundamental pillar since if that trust is broken it will never be recovered.

        According to Charles Handy, what is the “real justification” for                                                     the existence of businesses?

Charles Handy states: “The purpose of a business, in other words, is not to make a profit, full stop. It is to make a profit so that the business can do something more or better. That “something” becomes the REAL JUSTIFICATION for the business… “I think many people assume, wrongly, that a company exists simply to make money. While this is an important result of a company’s existence we have to go deeper and find the real reasons for our being.

We inevitably come to the conclusion that a group of people get together and exist as an institution that we call a company so that they are able to accomplish something collectively that they could not accomplish separately they make a contribution to society, a phrase which sounds trite but is fundamental.

The contribution ethic has always been a strong motivating force.”

 

“To survive, even to prosper, is not enough”.

                                                                                                                  

·         What are the solutions proposed by Handy that you agree with? Why?

 The solutions that the writer proposes are: creating new products, spreading technology and raising productivity, enhancing quality, and improving service. To measure success in terms of outcomes for others as well as for ourselves. The driving force is the need to serve neglected consumers. I agree with your proposals since the success of our business is found when we are able to satisfy the needs of others and that is where our focus lies and not on obtaining profits or wealth through them. Being able to offer services that improve their lives.