Introduction to Entrepreneurship (B183)

In the entrepreneurship journey, the most important to reach the goal is staying in the way. Most of entrepreneur don`t reach their goals because they abandon their purpose, or they don’t see a soon happy ending. Elder Holland teach us about blessings, and how sometimes blessings could delay, but for all whom are faithful, blessings will come. Sometimes projects are not following a good way because we are making any mistake. So, it is important during our journey make a step back, visualize the way, make pertinent adjustments, and start to walk to the main objective. Taylor Richards in a video that I was watching this week say that we are able of reach anything, we just need to start, and then during the work new ideas and solutions will come to our mind. Entrepreneur tip: When you are having a problem in the production process of a product or any other project, you can use “the 5 whys”. A method developed by Sakichi Toyoda and used to find the root cause of a defect. Th...

Sometimes people start their career in entrepreneurship because they want a financial success. This is a mistake, when you start an entrepreneurship to get money, you can fail in your purpose, but when you start an entrepreneurship because you really love what you are doing, you will feel satisfaction, and additionally, you have a probability of receive an economic reward. As I have tried to show in my previous posts. Entrepreneur is a lifestyle. So, I will give this week some counsels about how to become an entrepreneur based in the book of Stephen R. Covey, The 7 habits of highly effective people. The first habit that we must to develop is productivity, this mean that we are upon the control of our reactions to any conflict or challenge. Some attributes associate with this habit are self-awareness, imagination, conscience, and independent will. The second habit is beginning with an end in mind, and it is related with the third habit, but first things first. This third ...

Lately, I have read a lot about entrepreneurship, but a fact is that entrepreneurs feel a strong necessity of become entrepreneur. They cannot run away of this calling, they cannot avoid to create a new product or service, they cannot avoid to broke work schedules, they cannot to stay in the same place for a long time, they cannot live with challenges without find a solution, they are artist, they are engineers, they are managements, they are leader, and they are rebels. Image by myproductivitykit.com When I was mentioned the characteristics of an entrepreneur, I didn’t mention that they were rich because an entrepreneur could not become a millionaire person, and he could start a project without much money or without a plant of production, and even without a big group of employees. The essential and more important asset of an entrepreneur is THE TIME. The time is the resource that an entrepreneur need to create value within an enterprise or project. When he has time ...

This week, I was studying about some attributes of a successful entrepreneur. The first attribute that I learned was perseverance. When, I was a full time missionary, one of the principles that I enjoyed to share with people was “enduring to the end”. In the gospel, frequently, people make covenants with quickly, and the start to receive blessings, but suddenly a proof afflicts them, and some of them abandon the righteousness, and they lost the blessings that God had prepared for them. As people who abandon their covenants with God, some entrepreneurs abandon their goal when they see problems in the way. Only perseverant entrepreneurs have the joy of taste the sweet reward. Another attribute of a good entrepreneur is his ability to find and built a good team, and he knows how to use this team in a way that produce the best results. Number 3, a good entrepreneur has a firm grasp of which numbers are important. And finally, a good entrepreneur is a person who knows ...