In an uncertain global economy, when employers and employees feel no loyalty to one another and rarely look out for one another’s interests, entrepreneurship can seem like a dream come true. However, not all personalities are ideal for the entrepreneurial lifestyle. Though there may be more than one path to entrepreneurial success, these five traits [...]

When I ask entrepreneurs and small business owners, it is not unusual for not having any marketing plan. I once read that Sir Richard Branson never had any marketing plan when he started the 1st Virgin business many years ago. In fact in one study of entrepreneurship (I couldn’t recall the name of the study) [...]

There are only two factors critical to the success of business entrepreneurship. These are: Identifying opportunities Minimizing the risks inherent to these opportunities Both these factors are greatly influenced by effective strategy. Hence, effective strategy plays a very vital role in entrepreneurial ventures. Business Entrepreneurship: Creating a Powerful Strategy Image via Wikipedia A structured approach [...]

The concept of entrepreneurship takes a wide range of definition and its meaning has progressed over the century. To many, it is linked to starting one’s personal business. However, nearly all economists believe that it is more than starting a business. The word entrepreneur comes from the French word entreprendre, meaning ‘to embark on.’ In [...]

One of the most frequent questions I get asked by potential clients and acquaintances alike is how to become an entrepreneur when all they’ve ever done was work as an employee. In answering the question I usually ask them why they think they might want to become an entrepreneur, and what exactly they think an [...]