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5 Kinds of People Who Will Help You Succeed as an Entrepreneur 

 

1. Mentors you admire

Mentors are indispensable resources for entrepreneurs, especially if you’re starting a business for the first time. Most business entrepreneurs have owned multiple businesses in the past, and have made more mistakes and learned more lessons than you can imagine. They’ll help you by providing advice, perspective and guidance whenever you need it -- often for nothing. They also typically have an extended network of resources and contacts you can take advantage of when building up the infrastructure of your business.
Be sure to find a mentor you admire and trust. If you do, he or she can guide you down the right path for years. If you struggle with finding a mentor for your business, look on social media for older entrepreneurs in your industry and in your area. You can also start attending local networking events and talking with everyone you come across -- you never know who you might meet.

2. Partners you respect 

Whether you’re forming a partnership to run the business together or you’re simply finding other businesses to join forces with, finding partners you respect is critical to increasing your chances for entrepreneurial success. With a foundation of mutual respect, business partnerships are less likely to succumb to the usual weaknesses such as bickering, manipulation or general selfishness.
Finding great partners isn’t easy, but it is important if you want to maximize your potential, so don’t rush to find one, take your time and wait for a perfect fit.

3. Employees you can trust 

A business can’t succeed with leadership alone. You’ll need to have a dedicated, reliable network of employees to help you execute the day-to-day operational responsibilities of your venture. They’re going to serve as a vehicle for your directives, so you need to trust that they can accomplish the tasks you set out or at least communicate when they find themselves unable.
To help create an environment that naturally attracts the trustworthy type of employees you need, establish clear guidelines for your company culture, and be especially critical during the interview process. Look for candidates with great personalities and genuine sincerity over candidates with a long history of accomplishment or those with an exceptional educational background.

4. Friends you make time for

Your friends will help you through your entrepreneurial journey more than you realize, but only if you allow them to. Once you get in the thick of things as an entrepreneur, it’s too easy to sacrifice your personal relationships -- working long hours and on weekends is a necessary evil at times, but it’s also important to draw a line and take some time for yourself.
By maintaining a healthier work-life balance, you’ll enjoy your time as an entrepreneur much more, and you’ll make better decisions if you’re well rested. Your friends will help ground you and make sure you don’t burn yourself out.

5. A family that supports you 

Finally, never neglect the power and importance of your family. They were there for you before you started the business, they’re there for you now, and they’ll be there for you regardless of whether your company becomes a breakout success or a total failure.
Don’t be afraid to share your problems, fears, worries and challenges. Holding these issues in can make you even more stressed and could alienate you from your family even further. Take regular time off to be with your family, and keep them an active part of your entrepreneurial journey.
With these people by your side, helping you make the right decisions and standing by you when things don’t pan out, you’ll be far more likely to succeed as an entrepreneur. Surround yourself with people you trust, love and respect, and even if you fail, you’ll be able to enjoy the journey.


source: http://www.entrepreneur.com/article/245948

NEVER GIVE UP

7 Personal Attributes You Will Need To Become Successful In Africa

Let’s look at some of the personal mind tools you need to become a successful entrepreneur Africa. 

1. Sense of urgency

If you think you should probably start saving or set yourself a goal to open an Africa business by 2020 you are missing a vital ingredient: a sense of urgency! Yes, Africa is a newly emerging economy with a pool of opportunities, but that pool is getting increasingly crowded by the week. Make the most of this incredible opportunity to operate in a market with a relatively low level of competition. The right time to do business or invest in Africa is now – right now. Having a sense of urgency is an important attribute to your success potential

2. Extra dose of patience and perseverance

Being an entrepreneur is not an easy undertaking and perseverance is what will see you through. Many fail due to lack of patience and faith – there is a delay in gratification when striving for entrepreneurial success and most people are unable to see that through. But the need for these important success attributes are further intensified when operating in an emerging market. Oh, and put that up by a few notches for Africa. Someone who left a comment on my blog (thank you!) said recently: ” I’m an agribusiness executive coming from Brazil to manage a start up soybean project in Mozambique. After 6 months living here and having over 25 years managing agribusinesses in Brazil and Latin America, I can say it’s really a challenging business environment over here.” Yep, this is what we are talking about.

3. Creativity

It’s true, Africa’s big cities need basics that don’t require much creativity at all – baby food, shoes, cars, laptops, cleaning utensils. But creativity goes a long way in Africa: For one, it will help you to figure out how to overcome the many shortages and obstacles you will encounter during your operation on the ground, in fact, a lot of creativity goes into how you market and sell on a continent where infrastructure is lacking on so many levels. But there is a more inspiring reason: many of the very successful African entrepreneurs designed incredible products, tools, and services that have managed to solve some of the big needs and wants among both rural and urban communities on the continent that have persisted for decades. We see that a group of creative individuals have managed to solve more problems than some aid budgets combined. Be sure, creativity will get you noticed and far in Africa. In fact adding a creative component to your business concept is how you can often outdo the competition when you get started.

4. Excellent people skills

In Africa having excellent people skills goes far beyond a great attribute you can put on your CV. As an Africa entrepreneur be prepared to discuss with community elders under a tree (if you need access to land or you are introducing a new mobile app), that you then meet some French investors at Hilton for lunch, before you attend a chat with the city’s top young tech guys in a place that reminds you of your old campus cafeteria. What are you wearing for the day? (Smile ). But above all – how good is your ability to communicate and interact with people on the continent who have a very different background and understanding of certain circumstances, and who may all be stakeholders in your industry?

5. Ability to adapt

Don’t try to do things your way on a continent with its own pace and rules. You will only get frustrated or even put people off with your (Western) expectations. I think within your company you will set your own standards and doing so can set you positively apart; but when you operate outside of that, a high ability to adapt will work in your favor many times. I always remember how I attended an appointment in Khartoum some years ago. Shortly before I arrived, the person in charge had decided that he and his colleagues had not eaten yet and he ordered fish, soup, bread, and eggs which were delivered right into his office on a huge silver plate. He did not explain the delay of our meeting or apologize, he simply invited me to join. We ate with our hands (luckily I was at least used to that), and the meeting started only after the tea was served. I had time, and although our appointment had been somewhat disregarded, I decided not to ask questions, but to go with the flow. Actually, in this case I enjoyed what would have been a real rarity attending a meeting in London.

6. Courage and optimism

Right – so let’s sum up: risk of corruption, armed conflict, terrorism, locus pest, drought, poorly skilled personnel and managers, tropical illnesses. Did we forget anything?  If you have a natural tendency to focus on the risks and on everything that could go wrong, you will find it difficult to become a successful entrepreneur in Africa. The issue is that there are many reasons why you should not do something or why something could fail, but there are even more reasons why you should act upon it. While risk management is vital when operating in Africa, you will need an extra portion of courage and optimism to get you through the challenges and succeed. But when you do it pays off manifold!

7. Grand Vision

“I know they don’t know what solar is. But soon the villagers will install it themselves and tell other villages all about it…!” You can bring immense light and hope back into a continent that has collectively suffered for decades and centuries, you just need to believe and act upon it. Carve out your grand vision! See clearly in front of you the positive impact you want to make in the world with your business and the grand life you want to create for yourself. Our love for Africa and its people and our personal desire to live a happy life is what will unite us when becoming successful Africa entrepreneurs!

So, do you think you have what it takes? And above all: how bad do you want it?

WORK HARD

Believing in You By Steve Goodier

Did you know that Albert Einstein could not speak until he was four years old and did not read until he was seven? His parents and teachers worried about his mental ability.

Beethoven's music teacher said about him, "As a composer he is hopeless." What if young Ludwig believed it?

When Thomas Edison was a young boy, his teachers said he was so stupid he could never learn anything. He once said, "I remember I used to never be able to get along at school. I was always at the foot of my class...my father thought I was stupid, and I almost decided that I was a dunce." What if young Thomas believed what they said about him?

When F. W. Woolworth was 21, he got a job in a store, but was not allowed to wait on customers because he "didn't have enough sense."

When the sculptor Auguste Rodin was young he had difficulty learning to read and write. Today, we may say he had a learning disability, but his father said of him, "I have an idiot for a son."

His uncle agreed. "He's uneducable," he said. What if Rodin had doubted his ability

?

A newspaper editor once fired Walt Disney because he was thought to have no "good ideas." Caruso was told by one music teacher, "You can't sing. You have no voice at all." And an editor told Louisa May Alcott that she was incapable of writing anything that would have popular appeal.

What if these people had listened and become discouraged? Where would our world be without the music of Beethoven, the art of Rodin or the ideas of Albert Einstein and Thomas Edison? As Oscar Levant has accurately said, "It's not what you are; it's what you don't become that hurts."

You have great potential. When you believe in all you can be, rather than all you cannot become, you will find your place on earth

Source: http://www.allthingsfrugal.com/g_believe.htm

How Thirsty Are You?     by Steve Goodier A man had an operation, and the doctor, by mistake, left a sponge in him. A friend asked him if he had any pain because of it. "No," said the man, "but I sure do get thirsty." Isn't it wonderful when we get thirsty - not for water, but thirsty to chase a dream or to do something different? I think it is those people who crave something with an unquenchable thirst who, in the end, are likely to be most satisfied with their lives Author Napoleon Hill said, "Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything." He is really talking about a deep thirst.    Alan C. Elliott tells in his book A DAILY DOSE OF THE AMERICAN DREAM about a five-year study that was undertaken to discover what made some people extraordinarily successful. The study consisted of detailed research into the lives of 120 of the nation's top artists, athletes, and scholars.   He reports that the researcher was surprised to find that natural abilities played only a small part in the development of those individuals.   As children, these unusually successful adults were often mediocre musicians, athletes or students. But research found that they possessed a powerful thirst to succeed. They practiced the piano for hours every day, rose well before school in the morning to practice swimming or running, or spent huge chunks of time alone (time they could have spent hanging out with friends) working on science projects or painting Parental support was also a key factor. Parents of these extraordinarily thirsty young people helped out, exposing their children to great ideas and influential persons. Many sacrificed to ensure that their offspring received good training. But in the end, it was their children's thirst and single-mindedness that made the difference.   The principle applies to adults, too. If you want to be more successful, the question you might first ask yourself is, "How thirsty am I?" Your success in any field you choose, anything you want to be or anything you want to do will hinge on your answer to that simple question. How thirsty are you? Source: http://www.allthingsfrugal.com/the-will-to-succeed.htm   . .

success

Hard Advice for Young Leaders

When our oldest son Jeremy was in high school he was on the wrestling team. It was intense training. I loved the discipline and confidence it gave him and I loved the wrestling matches.

When Jeremy would come home from a hard day of practice he wanted to bring what he learned in training into our family time. I had always enjoyed wrestling with my boys, but now he wanted to take our play time to a whole new level. We would start wrestling in the “assumed position” he had been taught, but then I would use my extra 70 pounds as an advantage and quickly pin him to the ground. He would often yell, “No, you’re doing it wrong! That’s not the rules!” To which I would always reply, “No buddy, you’re on my turf now, you play by my rules…and I say there are no rules.” And in that illustration lies a principle younger leaders need to learn as they enter the field of leadership. Here’s the principle: If you’re gonna play with the big boys and girls — you’ve gotta bring your big boy and girl game. Let’s face it. Many entering the field of leadership today have lived as a generation where they were given much of what they wanted but had few demands placed on them personally. They played multiple sports, for example — which they enjoyed — but it meant they didn’t have “chores” when they were home. Of course, there are exceptions, but this is often the case. By the way, this was also more the case for my generation than for my father’s generation.

I’m not being completely critical of this — it was mostly true for our boys also, but because of this, I often see young leaders enter the field of leadership these days with some unrealistic expectations. They sometimes expect to receive equal reward without paying their equal dues. I should also point out I see some incredible young leaders. Hard-working, Conscientious, Dedicated, Loyal, So this is an “if the shoe fits” post. What disturbs me most is when young leaders fail to live up to their full potential.

Here are 10 ways I see that occurring:

• Making excuses for poor performance rather than attempting to improve
• Pretending to have answers to problems they’ve never experienced
• Refusing to learn from other people — especially older people — discounting anything which isn’t from your generation
• Demanding more than they are willing to give — maybe especially in regards to respect
• Expecting a reward they haven’t yet earned
• Depending on step-by-step instructions instead of learning by trial and error
• Refuting another generation for content when technique is the real difference
• Being cynical towards anything opposite of the way they think it should be
• Remaining fearful of taking risks or making a mistake
• Treating loyalty as if it is a strange idea from the past

Wow! I told you — hard words. They only sting if they’re true. And, granted, all of these were probably true to some extent of every generation. They seem very common today among younger leaders.

My advice: Young leaders be patient, teachable, humble, grateful and mold-able as your enter positions of authority and as you are given responsibility. Don’t fail to learn all you can from those who went before you or to grow from your mistakes. Expect to work hard to achieve the things you want from life and realize things may not always be as you would want them to be. There are a few stories of people who stumbled into instant success, but those are rare.

The reward:  Over time, as you are diligent, you will likely change some of the rules. I hope you do. Some of the rules of my generation need changing. I’m not afraid for you to teach this old dog new tricks. I want to learn from you. I want you to have responsibility and authority. I want you to be fully rewarded and recognized for your contribution to society. I also want you to realize, however, that most things of lasting value take time and discipline to achieve. The “big boy and girl” world can be tough, but you can make a huge contribution if you are willing to pay the price.

By the way, I gave this same advice to my sons as they have entered adulthood and the workplace

Source: http://www.ronedmondson.com/2015/08/my-hardest-advice-for-young-leaders.html

Entrepreneurship is Vital to Africa’s Prosperity

“The US was built by entrepreneurs. I know Africa can be built in the same way.” I happened upon these statements while surfing the net one day and they excited me. This was because they said in a simple way a conviction I have: that a multiplicity of successful entrepreneurs across the African continent is fundamentally necessary for lifting it out of its poverty.

The material prosperity or wealth of any society depends on its economic growth. Economic growth may not take care of how the wealth is distributed but it goes without saying that it must underlie the quest for wealth creation or prosperity in any society.

One of the most outstanding works ever done into why and how nations become wealthy is Adam Smith’s ‘An Enquiry into the Nature and Causes of the Wealth of Nations’, a title usually shortened to ‘The Wealth of Nations’. In it he argued ingeniously that the true wealth of a nation was to be found in the produce of the labour of its people. The increase of this produce is what is referred to as economic growth. Robert Reich in his introduction to the book summed up Adam’s Smith’s view thus: “To him, the ‘wealth’ of a nation wasn’t determined by the size of its monarch’s treasure or the amount of gold and silver in its vaults … A nation’s wealth was to be judged by the total value of all the goods its people produced for all its people to consume.”

Entrepreneurs are at the core of economic growth. This is because they are the ones who organize production in a society. They put together the society’s resources of land, capital and labour to produce goods and services. The more entrepreneurs therefore, the more goods and services are produced. The more goods and services are produced, the more a society becomes materially prosperous. This is, however, just one aspect.

True entrepreneurs innovate. A special report on Entrepreneurship in the Economist (March 14,2009) carried this definition of an entrepreneur:someone “who offers an innovative solution to a (frequently) unrecognised) problem. The defining characteristic of entrepreneurship, then, is not the size of the company but the act of innovation.” Through the acts of innovation more value is created and by implication more prosperity. Paul Romer, a Stanford University economist put it beautifully: “Economic growth occurs whenever people take resources and rearrange them in ways that are more valuable… [It] springs from better recipes, not just more cooking.”

To alleviate poverty in Africa, we must create wealth. To create wealth, we must put our people to work. To put our people to work, we need entrepreneurs. Entrepreneurs are vital to Africa’s prosperity.

 https://dennisobeng.wordpress.com/2010/04/03/entrepreneurship-is-vital-to-africas-prosperity/