Lesson learned: To be an Entrepreneur one must have a Deep Desire to Succeed or Solve a problem.
There are 2 kinds of people in the world, those who create problems and those who solve them.
Life happens, and things don’t always go according to plan, so rather than accepting the status quo entrepreneurs solve problems and get involved in initiatives that make this world a better place to live in. And they play a major role in the economy.
Entrepreneur = Problem Solver
This is the last of our #SOPIE tool.
To catch up on the SOPIE challenge check this blog post.
And if you missed the previous #SOPIE challenges find them here;
And this is Challenge #5: Being an Exceptional Entrepreneur
An Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business.
The are 4 P’s that you can use to start a business
Pain – identifying pain points that you or your prospects may have can be a great way to find a problem that you can solve i.e. Mothers struggling to lose weight after birth. If you experienced a similar struggle but managed to overcome it, you can help other mothers do the same.
Pleasure – there are certain pleasures that we have such as travelling, but you know that planning a trip can suck out the fun out of the trip, if you figured out a way to make the experience much easier and enjoyable you could share this with similar individuals and make the travelling experience more pleasurable.
Passion – what are you passionate about? Cooking, gardening, teaching? You could share your passion with people like you?
Proficiency – We are all expects at something; finance, bookkeeping, project management or HR issues. If you have expertise at a certain activity that other business or individuals may need, you can offer those services at a fee.
But not all of us are gifted and driven to start our own businesses. Does that mean you cannot contribute your skills, creativity and expertise to the world?
Absolutely not! If you feel that you are not yet ready to take on the responsibility of starting a business from scratch, you can simply start where you are by being an Intrapreneur.
Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization.
Unlike an entrepreneur, who faces personal risk when a product or service fails to produce revenue, an intrapreneur will continue to receive a salary even if the product or service fails.
Intrapreneurs are employees who use entrepreneurial skills and thinking to seek out initiatives that could grow and benefit the organization financially.
This a great way for you to show off your skills and build confidence in your profession.
Entrepreneurship is the pursuit of opportunity beyond resources controlled.
Activities for challenge #5
- When faced with a challenge in your personal life or at your work place, do you?
- Attempt to come up with a solution or
- Call for help immediately.
- Do you have any of the 4 P’s that you wish someone could come up with a solution or share their experience with you?
- Have you ever tried to come up with a solution for your;
- Pain points
- Pleasurable moment worth sharing
- A Passion of yours
- A Proficiency that you can assist others with.
- What is the number thing that scares you about being an entrepreneur?
- What have you tried to do and failed at it?
Everybody has experiences with the 4 P’s, you can choose to take what you have experienced and share the solutions with like- minded people while making their lives easier.
Comment below or connect with me so we can share more ideas and tips on being an Exceptional Entrepreneur.
“Everyone sees the Risk, and Entrepreneur sees the Rewards.’’