Entrepreneurship
ENTREPRENEURSHIP SUBSECTOR
OVERVIEW There are many career paths that we covered in this guide. Regardless of the available information, looking for a job can sometimes be a daunting task. You can send many applications but get no response or attend several promising interviews without success. This is because there is often tough competition in the job market. Alternatively, you can consider entrepreneurship. Yes, entrepreneurship is possible. You can start your own business in the transport sector and create employment for others.The benefits of entrepreneurship are unlimited. Some of them are: It includes: ✇ higher rewards derived through creating employment for others ✇ reaping the benefits through increase in income and ✇ living your dream of running a successful and growing business. Remember the very companies you are currently looking for employment from, were also started by individuals. They were small at one point, faced uncertainties, but overcame and grew to what they are today. They owe everything to their founders who had an entrepreneurial mind.
QUALITIES OF AN ENTREPRENEUR
An entrepreneur is someone who
✇ Is highly innovative and creative
✇ Is able to identify opportunities
✇ Takes positive risks to attain rewards attached to the opportunity identified
✇ Has self-determination to overcome obstacles no matter the circumstances present.
✇ Can hang on to a task until desired results are achieved
✇ Can draw lessons from failure than give up.
TYPES OF BUSINESSES YOU CAN ESTABLISH
✇ One-man-show business
✇ Trade under your own name
✇ You are responsible for everything the business does
✇ It does not have many requirements
✇ You are personally liable for any debts that the business accumulates
