Developing Entrepreneurial Intelligence

ENTREPRENEURIAL

D E V E L O P I N G

MO Oladapo PRINCIPAL CONSULTANT & SPEAKER

TRIM International

DEVELOPING ENTREPRENEURIAL INTELLIGENGENCE

Entrepreneur is a French word coined by the economist Jean-Baptiste Say, and usually is

translated as, "adventurer".


Entrepreneurship is the willingness to take risks and develop, organize and manage a business venture in a competitive global marketplace that is constantly evolving.


An Entrepreneur has been defined as "a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk"

https://en.wikipedia.org/wiki/Risk

People who are thinking about starting their own business should understand that successful

entrepreneurship involves much more than having a great concept. Most people think being an

entrepreneur is all about coming up with an idea, but that's just one part,"

Elizabeth Amini, CEO and co-founder

Anti-Aging Games LLC,



A recent survey by Global Entrepreneurship Monitor (GEM) has revealed that Nigerians have more enthusiasm

for business than the rest of the world.

In 2012, the report stated, 21.7 percent of

Nigerians aged between 18 and 64 years of age

were preparing to start a new business, which is

the second highest rate in sub-Saharan Africa,

after Zambia, and 14.9 percent of adults were

actually running a new business


Uganda is the most entrepreneurial country in

Africa

- GEM

28.1%POPOULATION



467

Out of 45,000 applicants across Africa, only 1000 were short-listed for the grant and Nigeria has the highest number and Kenya is second

167

Nigeria Kenya

The lifeblood of every developed nation is entrepreneurs, people who set out to build their

own destiny and achieve fame and fortune

-Allan Bonsall


its not what you don’t have that limits you but what your have and don’t know how to use.

-Steve Harris


9


SIGNS OF ENTREPRENEURIAL

INTELLIGENCE


What is it that you really want to achieve?

1

“It’s not enough to be busy, so are the ants. The question is, what are we busy about?”

-Henry David Thoreau



What is your emotional connection to your vision?

2

• Passion is the life-force of vision, it propels entrepreneurs to the top and sets them apart from the rest.”

• it is an overwhelming love of what one is doing, and the drive and determination to see one's dreams realized



What do you do differently?

3

• Creativity is a boundless imagination that is constantly innovating and seeing the world through a different lens — is the ultimate key to business success

• Creativity require the use of Divergent thinking



FIND A WAY TO GET THINGS DONE

4

“The ultimate resource is resourcefulness”

-Anthony robins


This is the skill that qualifies one to be called an Entrepreneur….resourcefulness also means when someone is enterprising


5


Abandon it Assign itAttempt it

Three approaches to problems


6


1. RELATIONSHIP

“Your network is your net worth” – Tim Sanders

FOUR THINGS ENTREPRENEURS SHOULD BE LEVERAGING ON


2. INFORMATION TECHNOLOGY (IT)

The Internet has made the World a global Village





SOCIAL MEDIA




PERSONAL SKILLS.


7

Your ability to sense a shift in the way business is done and quickly adjust.

• If you are proactive, you make things happen, instead of waiting for them to happen to you.

• Active means "doing something." The prefix pro- means "before." So if you are proactive, you are ready before something happens. The opposite is being reactive, or waiting for things to unfold before responding.



8

• Don’t be too fast to make a deal• Know what is needed before you make an offer• Know the value of what you are offering, or else you will

sell yourself cheap• Learn how to package what you are offering to meet and

surpass the needs to be met• Don’t reveal your need when you are making your offer.

The presence of your need can affect the perception people have towards what your are offering

• Your wants can make you offer the most precious things at the wrong time.



9

Time is



Developing Entrepreneurial Intelligence

Leadership & Management