I previously wrote on utilizing Africa’s largest population and most abundant resources which is her young Human resource. A point that I shared was entrepreneurship.
Entrepreneurship is the act of setting up a business, having a workable plan for the business. Even if the business experiences fallout, an entrepreneur devices new ideas to revive the business.
There’s one truth about starting up a new business: which is a 50-50 percent chance of Success to a Fall. In essence, there’s 50 percent probability of success which is equal to the percentage of a fallout. If you are an entrepreneur, don’t be discouraged about such statistics rather be innovative.
Where does innovative entrepreneurship sets in?.
There’s a popular saying that whoever fails to plan, plans to fail. True I would say, but what kind of planing?. What way have you been planning? The right or wrong way of planning?. So it is possible to plan and still fail.
This is where innovation comes in. As an entrepreneur or a start-up entrepreneur, critical innovative thinking should be your watch word. You should wake up to thinking of how that business can get better.
Innovation in simple terms means redefining a pre-existing ideology. Questions like this arises
What Ideaology have you been using to run that business?
Has that ideology been working for you?
Can you boldly rate your progress 7-8/10 so far?
These are critical questions.
As a start-up entrepreneur critical innovative thinking is key to progress. Think, evaluate those pre-existing processes or techniques you had been using. A great lady Miss Grace Auxano, founder of Genius Minds Initiative said “DON’T THINK OUTSIDE THE BOX, THINK LIKE THERE’S NO BOX AT ALL” that is critical, strategic thinking. The big silicon valley technology giants such as Facebook, Google utilize this strategy of Innovative thinking which is Why they can continually give satisfaction to end-users.
This is what Africa entrepreneurs need to compete in the world market.