It is 2018 and you are still not moving up.
I mean, you are still there, lying inert and dumbfounded while the world is passing you by.
Did you not promise yourself that by next year you’d be a different person, with different habits and values, transformed and changed?
I am neither sage nor seer but I am convinced that times are getting tougher and much tougher.
Inflation – the continuing rise in the general price level usually attributed to an increase in the volume of money and credit circulating around – will always eat up whatever assets – savings and property – one has if those concerned do not also comparatively increase their income and wealth.
Therefore, there is need for everybody, particularly for those lagging, to step up and be creative by joining the ranks of people who have become entrepreneurs by themselves.
In my own layman’s understanding, an entrepreneur is a businessman; one who is self-employed and relies on his keen business sense and character to improve his own economic status by decent and honest means.
Care to know the profile of an entrepreneur?
First off, he/she is a person with passion. Meaning, whatever endeavor this person gets involved in, he/she makes sure he/she finishes the task and leaves no stone unturned.
An entrepreneur must always be willing to learn. This means experimenting with new ideas, asking questions without getting embarrassed for his/her ignorance.
Entrepreneurs are willing to work hard because they want to succeed. They will spend twice the amount of time if necessary and be physically hands-on managing and tinkering every little detail.
Entrepreneurs worth their salt don’t complain. They are persistent, patient and plod on despite the obstacles, despite the initial setbacks. They become service-oriented before even thinking of their profits.
Entrepreneurs have goals. They start by (day) dreaming, then write down their vision in a synchronized, logical manner. These set goals are targets to be accomplished step-by-step based on a timeline and available resources.
People with the entrepreneurial spirit must possess creativity and innovative ideas. If Plan A fails, Plan B must already be in place so that one does not lose so much time thinking of his next move.
Creativity arms an entrepreneur with boldness and courage to take the next calculated step even if there is a risk involved. Creativity erases the fear that doubt creates.
Creative entrepreneurs know where and when an opportunity arises. He/she seeks and grabs them when they pass their way. Big opportunities don’t come like they parade themselves but only once.
Entrepreneurs know the value of networking with other business people whether they are engaged in the same line or not. They make use of their “people” connections to span the “bridges that lie yonder.”
Entrepreneurs stick to their word. They pay their creditors and suppliers on time in the same manner that they want to be similarly reciprocated.
They also demand for quality and efficiency as these are woven into a system that will be practiced within the business organization.
Lastly, entrepreneurs must adaptively increase their financial IQ, their understanding of the “arithmetic and mathematics” of the business because the entire activity boils down to numbers in the final analyses.
In Steve Forbes own wisdom, he says: “Practical, applicable knowledge of finance and economics is not pass/fail. It’s not a case of you know it or you don’t. It’s a reciprocal process of learning and applying knowledge abut money, finance and economics, and how those things and the ways in which you respond to and act on them, impact your daily life. The more you know, the better equipped you are to prosper.” (Email your feedback to fredlumba@yahoo.com.) Mt.6:3. “But when you give to the needy, do not let your left hand know what your right hand is doing.” GOD BLESS THE PHILIPPINES!
