By Bishop Anthony Abiodun Mayungbo
Entrepreneurs don't have to be people who necessarily invent new things, you do not have to come up with a noble idea but rather you are able to see something others cannot see, It might be an addition to one thing that is already existing. It might be a subtraction or elimination of something that is existing and then you can now see it as an opportunity to create wealth. Our world is a very dynamic place allowing people to come out with new products that can challenge the present or formal products so as to bring up an improvement. This is essentially the way the world has been, there is always growth and development and movement and this is what we call civilization. All entrepreneurs recognize a business opportunity in different areas of life, Many people hate recognized some of these opportunities in different places, consider for example a man called Honard Schultz who recognized selling of coffee in America especially and utilized it, this man was travelling and was doing his vacation in Europe then he saw that lot of people will love to drink coffee, before 1983 everybody took his own coffee. it wasn't that Schuldz began something really new, he didn't create coffee in the first place at the same time. people have been taking coffee for years, but what he did was to bring in entrepreneurship spirit. What he did was to turn it into a multibillion dollar business right there. And it's not because he is an American even though the climate there may be more conducive. It is because he was an entrepreneur. Entrepreneurs take a very little thing and turn it into money, every person has some entrepreneurship spirit within him and if you believe in yourself, you will do very well in becoming an entrepreneur.
DEFINITION: Entrepreneur is somebody who organizes and operate a business venture but at the same time assuming much of the associated risks. Whoever of You that has any small business will be regarded as an entrepreneur. An entrepreneur is not somebody with this high magnitude of financial achievement, you don't have to be Dangote to be an entrepreneur, you can be an entrepreneur at your own level. small scale entrepreneurship, middle scale entrepreneur ship and large scale entrepreneurship are available to everybody.
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these."
A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services: "The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
1. Entrepreneurship Makes and Moves a Nation:- Not only does it help the individual, it is through entrepreneurship that we can move this country forward in life, this is why the government must have a vision to develop entrepreneurship in this country. Ordinary women who own their shops are feeding themselves. A country needs to be motivated to higher achievement which only comes in through entrepreneurship. It makes a country popular, at a point in time. Nigeria should become known for a particular product that it's going to sell.
Government is not really meant to invoked entrepreneurship but also create an avenue, an opportunity plus an enabling environment that will make the creativity of the entrepreneurs to he enhanced.
2. Entrepreneurship Determines Your Economic Life: Nobody get rich in this world working for somebody no matter how much you are been paid, this is because if you are earning a million naira per month but been an entrepreneur allows you to have expectations with so much motivation, you get satisfaction, if properly managed you can prosper to any level you ever wanted. People who have achieved in life are people who find one way or the other to become an entrepreneur.