Can entrepreneurship be Taught?

Filed in archive Entrepreneurship on August 10, 2006

Yes entrepreneurship can be taught, if you have a desire to grow personally, are willing to learn, and change. Look at this from the Nanaimo News Bulletin: Small Businesses grow from solid plans

Entrepreneur skills can be taught. Many of the most successful entrepreneurs mention mentors who played significant roles in their success. Other key qualities to an entrepreneur are passion for what you are doing, an ability to learn from your mistakes and move on and not giving up.

There is a lot of advice all over the WWW about entrepreneurship and sticking with your dream is important, but keeping your focus narrow allows you to concentrate your effectiveness, read on.

Less Is More

Specializing and focusing on a limited scope of products and services allows you to concentrate your limited time. A new business has a limited capacity. Orange juice diluted with water tastes very different than concentrated frozen orange juice. Being concentrated on a narrow scope brings a new level of intensity. This translates into an increased ability to adjust your product and service to better suit your marketplace.

Resources: do you have the right amount and combination of tools, money, people, and time?

Money: create a realistic budget and cash flow projections.

Human Resources: define who is going to do what?

Time: give yourself time to adapt and grow into the new demands and challenges of owning a business.