BECOMING AN ENTREPRENEUR

Makele Youth Drive believes that becoming an Entrepreneur means running a business and performing activities at your own risk. You are the only one responsible for your own income and possibly other’s income too.

We should imagine that an entrepreneur needs to receive personal feedback to stand in front of an objective mirror, as it were, and gain insight into the competences vital to being a successful business person. Young people considering starting a business must prepare themselves properly. Preparation should consist of at least two components:

• Creating a business plan
• Compiling an Entrepreneurial profile

Despite the surplus of literature about creating a business plan and courses on becoming an entrepreneur, there are a few methods that provide insight into the competences of the entrepreneur.

Surveys of financiers point out that Venture capital and loans are provided based on both an entrepreneurial plan and the individual applicants’ personal abilities and experience.

Makele Youth Drive Entrepreneurial program will provide the youth insight into their strength and weaknesses as entrepreneurs.

The success of a venture is determined by many factors, but as an entrepreneur, you are the most important factor. It is you who is the driving force behind your company.

Needless to say, your product plays an important role, but ultimately, it’s your personality and behavior that will turn your company into success. It is therefore important you know yourself. That means taking a critical look at yourself and plotting –or learning to plot –a strategy that will reinforce your own performance.

This is because, as an entrepreneur, you will be repeatedly confronted with situations that will demand certain ‘character’ of you. i.e. situations for which you are not always ideally suited.