Use of information

There are large amounts of information available to teach people how to become entrepreneurs, however, we often find that we cannot use it. The information refers to ideas, obstacles, expansions, policies and funding opportunities. The sources often highlight other successful entrepreneurs that used the same models or information in order to start their business or to progress. 

Skills and education are often associated with success, however, the two seem to be interchanging when it comes to entrepreneurship. If we look at IT specialist, often they complete their undergraduate degree, get a job for a year and soon realise that they could consult and become an independent service provider to their current employers. Why? and How?. Another example is an engineer or mechanic whether qualified or not, often work in a company for a few years and decide to start their own businesses, be independent and create jobs.

We need to realise that the fear to start your own business is sometimes due to the amount of information is available. We often use this information to suppress our dreams of becoming job creators. One does not need to be skilled and educated to start a journey of entrepreneurship. Dealing with poverty, inequality, and unemployment has to start with understanding that you know enough to take the first step.

Recognition of skills

The current models within corporate institutions often recognize certain skills as more important than others, this is unfortunately to the detriment of some. We often overlook the very reason that made us go and study through various institutions, apply for certain jobs, expose ourselves to certain industries, network, and continuous development. I like how the Founder of Alibaba Jack Ma, understands education as a stepping stone towards realisation of your own dreams. It is therefore important to recognise that as we progress in the organisations we are serving, that the skills we are learning are not meant to be recognised by them, but buy you. We need to use these skills to fulfill our own dreams and calling especially entrepreneurship and development of others.

Buying a business

Often when you are buying a business you are consumed with making sure that you have all the necessary documents to assist you to make the deal with the financier. You constantly request time and information from the seller, for the purposes of due diligence. This is understandable as often the request won’t be reviewed without mandatory information. However, the amount of strain the seller is going through at this time includes loss of income, time, staff discomfort and customer uncertainty. These are things which financial institutions should also consider and allow certain things to be conditions that can be met, only after they are comfortable to finance the transaction.