Path Towards Entrepreneurship

Written by James Okere

– all successful entrepreneurs identify the successful tools to create value for human development.

Global economy is highly tilting towards entrepreneurship. Unlike what was obtainable in the past, where citizens of a country look up to the national government to provide them with full employment opportunities. Today, the general discussions now center more on entrepreneurial development, and how the citizens including our youths and the unemployed could cue into it. Entrepreneurship is involved in wealth creation, which creates productivity and value growth. Entrepreneurship contributes to the growth of nation’s economy.

Therefore, the entrepreneur is the person who sees an opportunity and puts resources together to take advantage of it. The entrepreneur is a risk taker and in many cases, an employer of labour. Thus entrepreneurship cannot grow without an entrepreneur who is a creator of business ideas. An entrepreneur is also involved in organizing the realization of organizational goals towards productivity.

Every entrepreneur creates an entrepreneurial spirits in him self with the aim to succeed as to impact greatly on the society. These values are advocated for all those who want to make impact in the society including our youths. The entrepreneurial coverage is wide and includes I.C.T., agriculture, sales/marketing of products, environmental, publishing/writing, industries etc.
Presently, the popularity of entrepreneurship has led to the growth of many institutions and organizations established to play meaningful roles. Some of these establishments are:

1. Central Bank of Nigeria (CBN) has established Entrepreneurship Development Centers geared towards promoting entrepreneurship in Nigeria.

2. Youth Entrepreneurship South Caroline (YES carolina) which was founded in 2003 by Hon. James Jimmy Bailey; a former South Caroline (USA) House of Representatives -the General Assembly.

3. Action Foundation for Entrepreneurial Excellence in Texas, USA. This foundation was set up by some American billionaires with a view to teaching people or imparting knowledge to people on how they can be successful entrepreneur.

4. Student In Free Enterprise (SIFE) established in 1978. SIFE is an international non-profit organization that brings together students, academic and business leaders who are committed to using the power of entrepreneurship action to improve the quality of life and standard of living for people in need. It is currently active in over 35 countries, present in over 1,590 high institutions with over 61,000 students across the world. SIFE also exist in Nigeria amongst tertiary institutions.

5. Prudential Young Entrepreneurs Programme (PYEP) founded in 1995 by Prudent Foundation and funded by Predential Financial. PYEP is an entrepreneurship programme for young people.

6. These groups – International World Youth Forum (IWYF), Environmental Global Research Initiative and Withworth Entrepreneurship Education Centre London are involved in entrepreneurship development.

The existence and roles carried out by these entrepreneurial institutions is a mark of the importance attached to entrepreneurship in today’s global economy, as to address the increase in crime related cases a as result of unemployment which is now threatening socio-economic and politicial stability of nations.

Entrepreneurial Tools: These are tool that guides every entrepreneur.

1. Mission Statement: In any entrepreneurial engagement, the entrepreneur must have a clear vision of what he wants to achieve. Organizations that have added value to society have tried to pursue the institutions goals as to create impact in the society.

2. Mentorship: Successful entrepreneurs imbibe the culture of mentorship. Mentors serve as role model in the lives of entrepreneurs. Nelson Ikechukwu Nwamara (a mass communication student of Federal Polytechnic Oko, Anambra State, Eastern Nigeria) was influenced and his life changed as he continuously read Mike Awoyinfa’s column in Saturday Sun (published in Nigeria) titled Press clips. The mentorship he received from Mike Awoyinfa spured him up that today he is the publisher and Editor-in-Chief of Zestar Magazine (an inspiration work that serves the Staff and Students of Federal Polytechnic Oko Anambra State, Eastern Nigeria).

3. Talent Maximization: Effective identification and utilization of one’s talent is a sure way of developing entrepreneurship. Mr. Frank Nneji, OON, a Nigerian entrepreneur who studied Zoology, discovered his entrepreneurial talents in the areas of transport business. To relieve this he floated A.B.C. Transport, which has now been quoted in Nigerian Stock Exchange (the first transport company to be quoted in Nigeria). His entrepreneurial skill in this sector has added class and style as ABC Plc is now a house hold name in Nigeria and beyond.

4. Reading Books on Successful People: The saying of Francis Baecon that reading makes a man is real. The knowledge gathered in reading books have also helped many entrepreneurs. Through reading, ideas expressed could be utilized and put into use. Also knowledge gathered while reading books on great men develops the entrepreneurial skills of the entrepreneurs, and by so doing, economy of the society is developed as well.

5. Inspiring Conferences: Inspiring conferences have also become a great entrepreneurial tool. The thoughts shared at such gathering, shapes the entrepreneurial contents of the entrepreneurs, and thereby impacting on the economy of nations.


“Between you and anything significant will be giants in your path”
Ann Giminez

“Thoughts rules the world”
Joseph Edward Murphy.

“Stop looking at where you have been and start looking at where you can be”
Dr. Mike Mudock.

Finally, for success to record in any entrepreneurship adventure, the necessary entrepreneurial tools must be imbibed by entrepreneurs.

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