Am I an entrepreneur? Are you an entrepreneur?

You are an entrepreneur when you saw a need and assumes the risks of a business or enterprise.

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

According to SBA, Over 627,000 new businesses open each year, At the same time, about 595,000 businesses close each year (latest statistics as of 2008).

43% knew someone who had stopped a business in 2020 as a result of the pandemic, while 25% knew someone who had started a business amid the pandemic as stated in the Global Entrepreneurship Monitor Research.

let’s start with the profile of a good entrepreneur :

Growth mindset: it’s a concept developed by Carol Dweck so he concluded that individuals who believe their talents and abilities can be developed (through hard work, learning the growth of capacities, good strategies and new ones, and input from others) have a growth mindset.

Productivity: it is the ability to achieve a smart goal, SMART goals should be set after having clearly defined the scope of the project. Without this, it will be difficult to achieve.

“S as Specific, M for Measurable, A for Reachable, R for Realistic, T as Temporally defined”

There is a simple formula that is often used in businesses:

Productivity = output ÷ input

Analytical Thinking and Problem Solving: refer to the capability to collect and analyze information, solve problems, make decisions and estimate each time the cost and benefits.

You will use analytical thinking skills to find a reasonable and adequate solution.

Persistence: It’s estimated that nearly 75 percent of new startups fail so entrepreneurs do have not to give up easily, Rather, they see failures as opportunities to learn and grow.

The importance of MVP for your project

A minimum viable product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.

Once the product is on the market, you can improve and enrich the product such as Ameni Mansouri who used a strategy based on an MVP “minimum viable product” for her project Dabchy.

I invite you to listen and pay attention to this podcast, it will be extremely helpful, I hope you enjoy it.

#12 - Ameni Mansouri '' Je suis contente quand ça ne marche pas '' | Ausha

Mon invitée est Ameni Mansouri CEO et co-fondatrice de Dabchy; un vide dressing digital et réseau social mode de la…

podcast.ausha.co

Business Model Canvas (BMC)

Business Model Canvas (BMC) was developed by Alexander Osterwalder. It is the most used canvas today and that visually translates the business model. It incorporates 9 blocks that detail how the business works.

To sum up, Anyone can be an ENTREPRENEUR.

Get out and get lost!!