Running a business can be an incredible experience full of adventure with lucrative returns when everything goes as planned. Therefore, entrepreneurs dream to start their business ventures, but it is often very hard for them to know the right time to start. But knowing when one is ready to take a leap of faith and start the business venture is complex and intuitive.
This short content has outlined a few signs and posts that show when to start a business venture. Often, entrepreneurs venture out only when they are sure they have enough experience in the industry, but most entrepreneurs are inexperienced, so they always follow their passion. However, they need indications to understand when to start a business venture. Therefore they need to have;
A solid business idea: An entrepreneur should have a clear idea of what their business will do, how it will create value for customers, and how it will generate revenue.
Market research: Before starting a business, an entrepreneur should conduct market research to understand the industry, competition, target customers, and market trends.
Business plan: A comprehensive business plan is essential to help an entrepreneur organize their thoughts and ideas, identify potential challenges, and plan for growth.
Financial resources: Starting a business requires some level of financial resources. An entrepreneur should have a plan to secure funding, whether it’s through personal savings, loans, or investors.
Relevant skills and experience: An entrepreneur should possess the skills and experience to run a business successfully. This includes knowledge of the industry, marketing, sales, financial management, and leadership.
Support system: Starting a business can be stressful and challenging. An entrepreneur should have a support system of family, friends, mentors, and advisors to offer guidance and encouragement.
Commitment: Starting a business requires a significant amount of time, energy, and effort. An entrepreneur should commit to the venture and sacrifice to ensure its success.
Overall, an entrepreneur is ready to start a business venture when they have a solid business idea, conducted market research, created a business plan, secure funding, possess relevant skills and experience, have a support system, and are committed to the venture’s success.
Building Trust among employees, shareholders and stakeholders is a critical factor in the success of any business venture. Trust is the building block of the foundation of business culture and operational efficiency. It refers to people’s confidence and reliance on the business venture to fulfil their promises and obligations. There are several reasons why trust is crucial in a business venture:
Building Relationships: Trust is the foundation of building long-term business relationships with customers, partners, and investors. When people trust a business, they are more likely to stay loyal and continue to do business with them.
Enhancing Collaboration: Trust is essential for effective collaboration between different parties in a business venture. When there is trust, people are more likely to share ideas and work together to achieve common goals. Trust is the basis of teamwork and innovation.
Managing Risks: Trust is the basis of managing strategic and commercial risks in a business venture. When clients trust a business, they also trust the solution the business venture offers.
Improving Reputation: Trust builds a business’s reputation. A business that is known for its trustworthiness and integrity offers better quality products and services and attract new customers and retains existing ones.
Increasing Efficiency: When there is trust in a business, it leads to greater efficiency and productivity. Employees learn to communicate openly and honestly, which helps to prevent misunderstandings and minimize delays.
Overall, building trust among employees is a vital component of any successful business venture. It takes time to build trust, but it is worth the effort as it can lead to increased profitability, growth, and success in the long run.
A leader functions to set policies and goals, organize a team or company and define standard operating procedures that follow company objectives and policies to attain continual improvement in the business venture. Being a leader is not simple, it involves the knowledge and understanding of the legal and social aspects of the subject, and the practical wisdom in every aspect of life. So, learning and developing leadership qualities is an important attribute that an entrepreneur must possess to be successful in their business venture.
Leadership as a practical skill encompasses the ability of an individual, group or organization to influence or guide other individuals, teams, or entire organizations to attain a set goal. Entrepreneurs are not managers, they are leaders. They visualize ideas and conceive the ideas, through understanding into information that with wisdom, they can convert into a real business venture.
The following are the important traits that are reliably associated with leaders and these are; assertiveness, authenticity, birth order, character strengths, dominance, emotional intelligence, gender identity, intelligence, narcissism, self-efficacy for leadership, self-monitoring and social motivation. A critical correlation of these quality traits shows that leaders emerge and that people born with specific characteristics become leaders, and those without these characteristics do not become leaders. However, there is no known research showing that there is a “leadership gene”, instead people inherit certain traits that might influence their decision to seek leadership. For budding entrepreneurs to develop these skills, they must know, understand and imbibe the core personality characteristics of a leader in a business venture.
The key functions of leaders drive their motivation to cause others to follow them in the course of achieving set goals. The key functions of business leaders are setting policies and goals, organization of work systems and procedures, starting actions, coordinating approved steps in a procedure, directing and motivating a team, and management of work process review and corrective actions. To achieve the set goal with the continual improvement of the system, a leadership style of providing direction, implementing plans, and motivating people are very crucial. It results from the philosophy, personality, and experience of the leader.
Years of experience have shown me that the willingness of team members to take part in a group can show a person’s interest and willingness to take responsibility for how the group performs. Similarly, those who say little during a group meeting are less likely to emerge as a leader than those who speak up. There is however some debate among experts over whether the quality of participation in a group matters more than the quantity. Different situations call for different leadership styles. My 38 years in entrepreneurship have shown that in an emergency when there is little time to converge on an agreement and where a designated authority has significantly more experience or expertise than the rest of the team, an autocratic leadership style may be most effective. However, in a highly motivated and aligned team with a homogeneous level of expertise, a more democratic or laissez-faire style may be more effective. The style adopted should be the one that most effectively achieves the objectives of the group while balancing the interests of its members.
An entrepreneurial field in which leadership style has gained strong attention is that of science and technical data collection for infrastructural risk management. When such data is collected in the integrated form, the survey and metocean team, the environmental studies team, the geophysical survey team, the geotechnical investigation team and the testing team work together under one contract to collect a holistic set of data for interpretative design report for risk, liability and complexity management in infrastructure design. In situations like this expressing an integrated view of leadership, includes how a leader’s physical presence in the field determines how others perceive that leader.
The factors of physical presence are integrated science knowledge, physical observation capacity, confidence, and resilience in dealing with fieldwork challenges. The leader’s intellectual capacity helps to conceptualize solutions and gain knowledge to do the job. A leader’s conceptual abilities apply agility, judgment, innovation and creativity, interpersonal tact, and local and domain knowledge. Domain knowledge for leaders encompasses tactical and technical knowledge and cultural and geopolitical awareness. Without these factors, integrated data collection and interpretation studies for risk management are impossible to achieve as a business venture.
Inheritance is commonly referred to as the process whereby an individual bequeaths to their loved ones after they pass away. However, my study on the relationship between entrepreneurship and wealth for over 37 years, has shown that the passing of assets is not all that there is, in the inheritance from parents.
Passing down stocks or bonds, and other assets such as jewellery, automobiles, art, antiques, real estate, cash, rights and property to children are not sustainable if they are not accompanied by other categories of inheritance. It is significant to mention that in the principles and precepts of entrepreneurship; it is not complete for the beneficiary to inherit non-enduring treasure without the enduring factors of wealth creation, maintenance and the ability to create services for humanity.
In another sense, inheritance is also understood as passing genetic information on from parents to children. So members of the same family have similar characteristics and traits. The inheritance of each trait is determined by factors (now known as genes) that are passed onto descendants. Individuals inherit one factor from each parent for each trait. A trait may not show up in an individual but can still be passed on to the next generation. These exchanged genes determine the capacities of the individual to develop and learn soft and hard skills needed to succeed in life and build sustainable business ventures that sustain wealth in a family.
The rules of inheritance differ among African communities, and societies and have changed. The Christian scriptures and the Quran transform the concept of inheritance to include the acquisition of spiritual blessings and promises from God. In the theological sense, to inherit means to “receive an irrevocable gift” with an emphasis on the special relationship between the benefactor and the recipients. African and Jewish inheritance customs were linked to family bloodlines, and Greek and Roman laws also provided for the disposition of family possessions through the adoption of an heir.
However, the bequeathing of final blessings, family network, rights and privileges associated with the family name and the family convictions to an heir is private and legal too. Unlike legal inheritance, the benefactor, God, does not die, yet He provides material and spiritual blessings as an inheritance for his people. Legal inheritance refers to actual property or goods received after a family member’s death. Officially bequeathing private property and/or debts can be performed by a testator via will, as attested by a notary or by other lawful means.
Therefore, to maintain a sustainable process of inheritance all the blessings of the parents before they pass away, their private convictions and beliefs, and the rights, titles, entitlements, and obligations related to the family name must be properly transferred. In addition, the heirs should take custody of the network and privileges of the family relationships with others, and the property, investments and assets upon the death of the parents or individual. These five categories of inheritance ensure that the heir is equipped to manage and sustain the wealth and treasures within their lifetime and also be able to transfer them to the next generation.
The anomaly is that most people cannot pass all these requirements of inheritance before they depart this earth. So parents must learn to put their house in order at all times by living one day at a time.
A person that feels comfortable with the responsibility of starting a business venture has a unique understanding of their purpose on earth and their relationship with service to humanity. True entrepreneurship is not about money but service to humanity. This short content explains in simple terms the make-up of these persons and that it is alongside these qualities that money comes as a by-product.
Always logical and calculated
The ideal entrepreneurs depend on knowledge, understanding and wisdom to make informed decisions. The true entrepreneur seeks knowledge and understanding like a lion panting after water, and knowing what it takes to make an idea a reality is wisdom. All decisions are made with data, information and logic to reach the right people at the right time. True entrepreneurs evaluate and iterate their choices to ensure that their approach to problem-solving yields significant results.
They Stay Motivated and focused
Staying motivated and focused arises from the entrepreneurs having a genuine interest in what they are doing and finding meaning in them. This process will involve regular goal-setting that is SMART(Specific, Measureable, Achievable, Relevant, and Time-bound), with targets to meet that are time-bound. The team working on the project is motivated by the leadership of the entrepreneur, through their consuming vision and passion for the interest.
Stay confident and outgoing
True entrepreneurs stay confident and outgoing because they believe in the power and benefit to humanity of their motivation and interest. Even death threats cannot derail their conviction, faith and hope in their interest. So, the capitalisation of their idea into a business venture changes the course of humanity and becomes their confident hope and joy. Once the entrepreneur has been well informed about the product or service, they run along with the self-confidence to execute their ideas with a proper schedule of operation, and nothing can stop them.
Stay courageous with risks
Courage demands bravery in the presence of risk and failure. Being comfortable with taking risks is a vital aspect of a business venture. In order to grow and succeed with the business venture, it is important to understand what risks are worthwhile and not be impulsive. Courage with logic, conviction and hope ensures that a true entrepreneur obeys their spiritual intuitions that predicts the future vision of the business venture. The vision and mission of any business venture is resident with the entrepreneur and leader of the company.
Maintain strong work ethics
Work ethics is a belief that there is dignity in labor. This implies that work and diligence have a moral benefit and inherent ability, virtue or value to strengthen character and the abilities of the entrepreneur. Strong work ethic comprises a set of values centered on the importance of hard work and service to humanity. Most famous entrepreneurs in history typically possess intense, go-getter personalities. They possess diligent and resilient attributes that distinguish them from business managers. A true entrepreneur knows that nothing just comes to you, it has to be earned, so quality and good operating procedures are essential elements of continual improvement..
Always creative and Innovative
Creativity and innovation are typically centered around original ideas and knowledge, which unleashes potential for conversion into a business venture. Innovation and creativity are integral parts of business idea generation. These two attributes make a business stand out as a viable solution to society’s problems. Being creative with products, services and operations appeals to both consumers and employees alike as it helps develop new ways of improving an existing product or service to optimize the business. These traits allow the entrepreneur to think outside the box beyond traditional solutions. Through these traits, the true entrepreneur develops new, interesting, potential and yet versatile ideas that come to light to give a competitive edge to their business.
Stay patient and persevering
A true entrepreneur must have the ability to accept or tolerate delay, problems or suffering without becoming annoyed or anxious. In addition, the entrepreneur must continue in steadfast effort, belief and hope, in spite of the discouragement or difficulty associated with transforming the ideas into a business venture. Most business people understand that success does not happen overnight. The most successful businesses are formed over long periods of sustained hard work in the face of constant problems, stresses and setbacks. Therefore patience and perseverance are the strength of will that the entrepreneur requires to navigate the obstacles and challenges that may occur in the process of business transformation and growth. These traits keep the true entrepreneur focused on their goal and purpose.
Always Passionate and determined
Entrepreneurs that are enthusiastic and passionate are resilient when they face challenges in business. They remain passionate about what they do without counting the cost, but remain focused through a positive outlook to overcome the challenges through the technical problem solving process. So, when an entrepreneur passionately believes in their business venture and refuses to give up, success is bound to follow. For entrepreneurs, there is never enough time in a day as perseverance helps them remain committed to the goal pursuit, and passion provides the focus necessary to achieve the set goal.
Continually building Network
A true entrepreneur must find ways to connect with other professionals on a regular basis. Iron sharpens iron and two are stronger than one. Networking should be done in such a way that it is always beneficial to both parties.Charisma in networking with influencers and customers helps lead to valuable and long-lasting relationships, which are crucial for a business to excel.
Always Versatile and Agile
A true entrepreneur must be capable of building a quality culture into their business venture by example. They must be versatile to such an extent that they are capable of doing many things with competence. When this is accompanied by agility and a quick understanding of the environment, the entrepreneur is ready for unforeseen difficulties and adapts to changes in the process of business venture building and development. Adapting to change is a vital skill when keeping up with consumer needs, competitors and an ever-changing marketplace. Being agile allows the entrepreneur to maintain momentum and keep progressing the business venture to maturity.
The most enduring purpose of human existence is the sustainable domination of the factors of production to provide goods and services that are beneficial for society. Entrepreneurs harness these treasures to build industries and companies that produce goods and services for the benefit of humanity. What is good for society is also good for business. The spirit of entrepreneurship formed the foundations of the trade and politics of many African countries. Nigeria is a classic example of an African country founded in the spirit of trade and politics. It was formed from a slave and commodity territory owned by a British company and later sold to the British government and amalgamated into a political region that was granted independence in 1960.
Raising a new generation of entrepreneurs in Africa is an essential step for the sustenance of future governments, industries and companies. Africa’s future is in the hands of young, energetic people, who are mobile, ready for change, adaptive and capable of playing an active role in business, the economy, and society. These groups of people are progressive, and innovative, and are eager to use the treasures in Africa to solve the significant trade and political issues facing the continent of Africa. The government aims to provide its citizenry with a joyful environment, and peace of mind on the foundation of great ideas, knowledge, vision, understanding, mission and wisdom. Therefore, understanding how to implement creative ideas through innovation, plays a significant role in the development of entrepreneurship in society.
Exposing African youths to entrepreneurship education through the learning of soft skills helps them develop the inherited traits that support the business economy. Entrepreneurship education orients theory and principles to practical applications of ideas. With this change of mindset, youths develop skills that prepare them for uncertainty when starting their business career path. Armed with skills like patience, endurance, diligence, resilience, goal-setting, adaptability, and creative thinking, the youths are no longer scared by the rapidly changing world system. Rather, it enables them also create jobs for other youths after starting their business ventures.
The educational process and system in most African countries need to be entirely revamped because it does not serve the purpose of good commerce. The current model of youth education does not encourage entrepreneurship, creativity and innovation, instead, there is an overabundance of theory and a lack of practice coupled with the use of outdated teaching materials. Introducing youths to entrepreneurship gives them time to practice and apply skills from other subjects in real-life projects. Besides early exposure to entrepreneurship improve academic performance and school attendance. It also helps to develop leadership and interpersonal problem-solving skills and improves decision-making abilities. So, learning entrepreneurship early is an excellent way for youths in Africa to gain skill sets that prepare them for good leadership and entrepreneurship in the future.When youth entrepreneurship is boasted through education, there is also a positive impact on economic growth, market and competition. Many young Africans have turned their ideas into high-revenue businesses that pay taxes, create new jobs and thus contribute to society’s well-being.
As young creative minds develop innovative solutions and affordable products and services, they add value to the lives of the surrounding people. Many young entrepreneurs engage in socially responsible businesses based on ideas such as recycling, clean energy, or product optimisation. Another way the emerging young African entrepreneurs have made a positive difference is by donating money, goods, time, or services to charitable causes.
A well-established youth entrepreneurship system in Africa would minimise barriers to entry into the business and help more creative minds implement their innovative ideas for good governance. Entrepreneurs shall play a crucial role in the rapidly changing African market, so carefully educating and raising youths, will continually provide prosperity in the continent.
Any successful modern business venture in Africa is significantly invested in digital technology because this is the new direction for entrepreneurship. Bolt taxi services, Whatassp communication media, and Jumia retailers have strong digital systems that drive them. These businesses generate significant revenues annually through their ability to leverage the growing digital technology in the African continent. It is difficult to understand how these changes in the business models will change the youth employment profile in Africa in the coming years. There is strong anticipation that there will be a disruption, in traditional business and employment models.
Globally the emerging Gig economy-based businesses have built the road to a new paradigm for businesses to operate by attracting freelance workers and entrepreneurs. The increased incorporation of digital business technologies into modern business ventures has changed the atmosphere of offices and the way business activities are conducted worldwide.
Entrepreneurial activities and personnel recruitment models in some African companies have transitioned from a static, long-term employment-focused strategy to a newer short-term, contract-based model. This economic model offers the entrepreneur an independent worker status that enables them to partake in contractual work instead of a traditional contract and work structure.
In the Gig economy, entrepreneurs and independent workers are hired through work-for-hire digital platforms, where they create profiles, to market their services for a rate-based contract, or a lump-sum fee. Apparently, as the world transitions to a Gig economy, these digital marketplaces grow, and more professionals and entrepreneurs are attracted to freelancing models.
As a result, these non-traditional workforces must rely on ongoing digital transformations to determine how goods and services are delivered to customers in the future without depleting quality. This strategic model is trending upwards and is expected to move to an agile workforce, at the lower and management levels in the next decade.
At the leadership cadre, senior executives are expected to be hired into smaller businesses for short-time work to share their experience and help provide wisdom to entrepreneurs and founders seeking to grow their businesses. Increasingly these types of short-term business leaders have become attractive to experienced founders, entrepreneurs, and recruiters who market high-level talents to startups. The Gig economy encourages new technological innovations that help to connect businesses to key specialists that support them at key stages in their business development. With the help of new digital applications, buyers, sellers, and service providers are connected to online marketplaces.
At present in Africa, independent contractors and contingent workers dominate the Tech or creative businesses because of the need for high-level specialisations among their labour force. Independents comprise those who consider themselves to be their boss, while contingents are contractually obligated to work for a company, similar to regular full-time employees, but without the security and benefits that accompany full-time employment. Both types of the workforce are becoming common forms of employment in the emerging Gig economy of the African continent.
Today, Gig workers are mostly independent and an explanation is a trending global recession, resulting in the loss of jobs, therefore more people became motivated to seek the benefits of self-employment. This trend is currently growing and is common among youths in Africa. The rise of smartphones and more advanced mobile applications, is creating the climate for Gig economy-based businesses that are rapidly taking root in many countries in Africa.
Fostering creativity and innovation entails coming up with unique ideas, that bring out all aspects of creative thinking, such as analysis, open-mindedness, problem-solving, organizing, and communication. These types of ideas or behaviours, also allow entrepreneurs to be daring and beyond traditional solutions. Also, through this opportunity new, interesting, potential yet versatile ideas come up. Creativity, innovation and entrepreneurship are important in the launch of each innovative product and service that come with advanced technology, just as they help develop new ways of improving an existing product or service to optimize the business. Entrepreneurship is considered a key factor in economic development and I intend to analyse and elaborate on the roles of creativity and innovation in entrepreneurship.
The value of entrepreneurship is being enhanced by creativity and innovation. Creativity helps us how to improve existing business practices. Creativity is typically centred around original thought and knowledge, which unleashes potential and is an integral part of idea generation. It is possible to turn creative ideas into viable solutions. Innovation is about making a process that can convert inventions or gain ideas to become more marketable products or services. Innovation enhances the nature, creativity, and design thinking process of a brand. A new business can attain the height of success by learning the steps of creativity, and by allowing innovation in entrepreneurship to open the doors to various opportunities by helping the business to keep up with the current trends.
Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate alternative employment, which ultimately results in the acceleration of economic development. Creativity also encourages entrepreneurs to grow in divergent thinking or exploration of many unconventional potential solutions to a problem. Conversely, convergent thinkers are those who excel at analysis and reaching accurate solutions to problems. When divergent thinking with convergent thinking is combined, problem-solving becomes the ‘best of both worlds experiences. Convergent, conventional thought keeps the project focused and grounded, while divergent thought provides novel and unexpected solutions. These unexpected solutions directly translate into new and exciting products and services to become an organizational success. This happens through the process of innovation, which is a graduation point of the creative process to help keep the entrepreneur ahead of the competition to reach new markets. Finally, here are some things the entrepreneur does to encourage creativity and innovation:
Regular brainstorming sessions with mentors.
Encouraging ideas from associates and related sources.
Adopting continual improvement processes in the business systems.
Delegating personnel to research online.
Encouraging fact-finding discussions with business associates.
Encouraging the learning of new skills
Mystery shopping of opposition for ideas or gaps.
Thinking about joint ventures with other businesses.
Working on new ways to improve the business systems.
Exploring the use of digital platforms.
Exploring new marketing promotion methods.
Fostering the creative and innovation culture in the entrepreneur makes the business more receptive to novel ideas and provides the right environment to unlock the full potential of entrepreneurship that changes the earth.
Highly successful entrepreneurs are a Lion breed of people, seeing the earth as their kingdom and doing everything to dominate it, change it for the better and ensure the continuity of the ecosystem. Their vision of the world defines their thoughts and their mission and therefore brings out some sterling qualities that differentiate them from the ordinary person.
Entrepreneurs live out their lives in confidence that they have a purpose on earth and then exercise that authority over every aspect of life. As discussed in my earlier postings, some of these traits are inherited and some are learned to support and stress the inherited traits. The attributes and qualities of entrepreneurs are the ideal nature of man in search of their purpose on earth.
Entrepreneurs seek to create an ideal world on earth by always searching for better ways of doing things that serve humanity. Every generation of entrepreneurs is searching for the lost hope and ideal life on earth through innovation and creativity. Deep in the crevices of the secret chamber of the subconscious mind of the entrepreneur is the memory of a lost utopia, and their deepest passion is to recreate the ideal world that was lost long ago. This has led them to believe that somewhere, somehow, there are solutions to the problems of the earth and they can solve them through creativity and innovation.
One significant quality of successful entrepreneurs is that they worship problems when they see them. In their thoughts and subconscious mind, they are problem-oriented, seeing the problems mainly as opportunities to recreate the earth and make it better than they met it. To achieve their goals and purposes they identify a niche issue that will affect society and change the world. The endurance, persistence, resilience and diligence of the entrepreneur, are motivated by the passion to change the world, so they keep working on the problem as a team until a solution that applies and is pragmatic is found.
Their teamwork is solidified in their friendly and humorous nature and motivating feedback to team members, by always saying thank you strongly. Great entrepreneurs focus on quality and good product design until they get an excellent investment. Their drive is never to make money but to create a better world and move the life system to the lost ideal world of peace, joy, and justice.
All great business ventures had people who were involved remotely and, without whom, the business might not have made it to reality. These remote people are the network of the business venture. Networking is valuable to any entrepreneur and can open doors to critical opportunities, knowledge, ideas and support that can be the difference between a business venture that succeeds and one that fails. Networking involves building and maintaining contacts and relationships with other people. It provides a means to satisfy critical objectives or needs, therefore the network itself is critical.
There are there main types of networks, namely social, professional and artificial networks. Social is the entrepreneur’s personal network of contacts made informally through social or non-business activities. These contacts may be family, friends, former work colleagues, or contacts made through the university. While Professional networks are contacts made through business activities. Artificial networks are set up within business communities and are open to new members, trade associations, and professional institutions. The business community has several local networks, many dedicated to high technology and/or start-up companies.
Here are some examples of general sites where entrepreneurs can network with other people. LinkedIn is a primary social network for professional networking and career development. Entrepreneurs can join organized peer groups such as the Executive Suite, Startup Specialists Network, Social Entrepreneur Empowerment Network, and Digital Marketing.
The personal networks which entrepreneurs accumulate over time both socially and professionally can be an invaluable resource to their business venture. This applies whether the entrepreneur is looking to start and grow their own new venture, whether they are looking for a contract, or working on a project where external ideas and input can be a help. For entrepreneurs, a contact made at a purely social event may ultimately help to provide them with one of the key ingredients for the start of the business venture.
Today, a strong network is one of an entrepreneur’s most valuable business assets. They use business cards and pitches, confidence and curiosity, to find networking opportunities and niches to create a network that opens doors and offers support as the business venture matures.
Some significant ways entrepreneurs maintain their networks include:
Asking after friends and contacts via email, text message, or phone call
Periodically meeting for coffee or meals
Sending holiday greetings through social media.
Attending events they are hosting and inviting them to yours
Sending articles or opportunities that might be of interest
Asking questions
While these may seem simple, they require time and energy and signal that the relationship is important to entrepreneurs. Therefore, a strong network can provide entrepreneurs with practical advice through seasoned entrepreneurs who share guidance based on their successes and mistakes. It can also provide funding and investments through relationships with investors that can provide the capital necessary to grow the business venture.
Goodwill Ofunne 