Embracing the Entrepreneurs Mindset

08:31 - 16 October 2013

One thing I have come to notice is the vast majority of students with a mindset of graduating and seeking employment, not saying that to do that is a bad idea but the truth is that not everyone would have the opportunity to gain employment or employment in a preferred organization, the employment: workforce ratio deficiency in Nigeria isn’t news to anyone, so why isn’t anyone thinking: “Instead of looking for a job, why not make one?” Being an entrepreneur while in school isn't as hard as you...

Learn what others are doing

Find out what other young entrepreneurs are doing. You may find that an idea you thought was crazy could be really successful, or that your big idea needs work.

Make a business plan

Writing down the essentials helps you clarify your idea and set goals. A business plan is also essential if you intend to apply for a loan.

Secure funding

Figure out how much capital you will need to get started. It could range from a N10,000 to buy supplies and print flyers for a small business to N100,000 for a web / tech-based company.

Work with a mentor

Pair your enthusiasm, energy and great ideas with sound business practices. Seek a mentor someone with more business experience than you — who can help you learn about running a business and make smarter choices.

Use your network

Tell everyone you know about your business. You'll get word-of-mouth advertising, and you may get support, such as business advice from experienced entrepreneurs, financial investment or volunteer services and sales.

Capitalize on resources

As a young entrepreneur, you'll find plenty of help in the form of loans, awards and mentors. Take advantage of everything you can to build a strong business and hone your business acumen.