Lectures on Entrepreneurship and Business Administration.
Mr Michael Dwaah Boakye is a senior relation officer at EcoBank Happer Road Kumasi. He is a part time lecturer at Garden City University, Head of Mass Affluence United Bank of Africa.
Mr. Michael Dwaah Boakye defined entrepreneurship as the modern currency to survive. “Business is like driving on a bumpy road with a 4-wheel drive; you are always rest assured the journey would be a safe one because you are plying the road with the right vehicle.”
An entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them.
Entrepreneurship is living a few years of your life lie most people won’t. So that you can spendthe rest of your life like most people can’t.
Entrepreneurs discover businesses significant enough to invest money, make money and alsohelp society. You can invent something or tweak an already existing business or idea.
An entrepreneur should have a different set of eyes to see things from different angles. Entrepreneurs see problems as opportunity to make money. Depending on where you stand and understanding your problems.
CHARACTERISTICS OF AN ENTREPRENEUR
Desire for responsibility – You don’t have anybody to report your troubles to. You are the boss and you make the rules. You decide what’s good for the business and you always have to develop strategic plans for the business to follow. Are you the person who would like to take responsibilities?
Skills of Organizing – You should be able to organize your files, time, resources and people.
Location– one most important element in business entrepreneurship is being able to scout for a very good location for you to run your business. Some locations may be influenced by service and product demand but in all, you should be able to get a good location for your business.