Four Laws of Entreprenuerial Success – Alli John Idemudia

Anyone can be an entrepreneur *at least, theoretically and in disney dreamland*. This is because every individual has the innate ability to think and reason out ideas, albeit in varying degrees.

However, it is saddening to note that very few actually become entrepreneurs. Most are stuck at the theoretical or at the ‘ideas stage’ while some even venture out on their ideas but give up after a few hard times. To be a successful entreprenuer, that is, a person who identifies business opportunities and turns those opportunities into profit for himself and the society at large, is not an easy task as many have come to realise.

Realistically, as ‘not so easy’ as it seems, it is possible for each and every individual who is determined and follows the four basic laws which are:
Law of vision,
Passion,
Hardwork and
Patience.

These four laws form the basic essentials for any successful entrepreneurial effort.

Vision serves as the propelling force of any entrepreneurial dream. It entails the mental picture of the end target for the entrepreneur. This is the motivation every successful entrepreneur must continually possess and fall back on during the hard times.

Passion is the fuel that pushes the entrepreneur towards the foreseen end target. Passion is what keeps the entrepreneur believing when others doubt, hopeful when others drop out, and pressing on when others fail.

Hardwork and patience is the car that must be fueled by passion and which drives the entrepreneur towards his vision. Many entrepreneur wanna-bes strangely believe that once they start out, success is just round the corner.
However, the truth is that success is not and never can be overnight.
Success comes to those who stick to their vision and work hard at it until they xperience the light at the end of the dark dark tunnel.

Finally, giving up should NEVER be an option for any entrepreneur who desires sucess. The starting point alway looks rough and unattractive but embedded in that roughness is the seed for an attractive outcome. No sucessful business that you envy today started big; they all started small and paid the price for greatness.

This piece was irked out of the pen of:

Alli John Idemudia, an Economist by birth and training. He’s an Investment Analyst and Heads Jalli Investment and Consults.

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