Hi, the fact that you clicked on this blog post means you either are an entrepreneur or have a bit of an entrepreneur inside of you wanting to burst out. So, What does it mean to be an entrepreneur? Well, it could be you hate having a boss and would much rather work for yourself than on a paycheck, or you have a great idea you would love to develop. In either case, an entrepreneur is someone who is eager to endeavor in new adventures and become a strong responsible leader steering other people in a direction of success! Was that a bit too much? Well, it is true in some sense.
To be an entrepreneur, is to be daring to take risk in pursuit of success. However, you might be wondering, what are you going to pursuit? That is the real question. What are you going to do? or even rather, How am I going to do it? are also questions that burn at the center of starting something new.
There are a lot of questions you might ask yourself which could bog you down in your tracks. However, figuring out what you're going to do and how you're going to do it might be easier than you think. All you really need is some inspiration. Inspiration can come in many forms. However in light of this blog, inspiration will come from handy guidelines and insights that can be used to set up your own business!
I present to you:
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With this system, setting up a business is divided in 4 blocks; Philosophy, Organisation, Finances and Value.
I will give a short explanation about each block:
Phylosophy: This is the deep core of your business. Herein lies the ideation and creation of your business. It entails the likes of creating a Mission and a Vision, Simon Sinek's golden circle and setting up a BHAG (goal and aim). This is where your idea gets incubated and grows into a full-fledged business proposal!
Organisation: This block goes into the social side of the business. The people involved in the business. It cannot be overstated how important it is to have the right people with the right skills and mindset that share in your company's Phylosophy (block 1) that will help pull the ropes of advancing the endeavor. Furthermore, the organisation block goes into the corporate culture and how to manage an organisation properly.
Finances: The 3rd block, also defined as the Financial Structure/management. is a part of a business that might seem tedious, but is absolutely crucial if you want to run a business. Usually you would hire financial people or outsource accountancy, however when your starting you might not have this luxury and it never hurts to have an understanding of how financial management/accountancy works.
Value: Also known as Value Creation, is perhaps the part to which almost all your operations revolve around. This is where you are going to do or make the thing that will be valuable to others and will be your main source of income. Value creation might be a bit broad or vague, but it really hits on point when regarding all the activities that are involved in creating output. What is output without added value? right?
I hope this will be insightful and can be of any use to anyone. My personal goal is helping even just 1 person realizing their idea and materializing it into a real succes!
Please leave comments and share your thoughts.