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Thursday, June 16, 2011

What I learnt about Mastering Entrepreneurship

2 weeks ago I attended a very enlightening workshop entitled Mastering Entrepreneurship. The event which was sponsored by the Association of Chartered Certified Accountants (ACCA) was intended to expose accountants to the idea of making the transition from employee to employer. Being one of them, I have perfect knowledge of the difficulty that accountants have with taking on risk in an uncertain world. You see in our world everything is ordered and logical, every credit has a corresponding debit, rules are made to be followed, particularly rules that have been refined over years by wiser greyer heads than our own. Not surprisingly the room was packed to the rafters with curious souls who all wanted to hear from the seasoned entrepreneurs who made presentations, all hoping against hope that they will be transformed miraculously from a timid bean counter into a brash swashbuckling wheeler-dealer.

What it takes to Succeed in Business

The presentations were captivating, with speakers like PMS’s Joanne Mwangi and Adopt-a-light’s Esther Passaris, taking time to highlight the high and the lows of their growth as business owners. My personal favorite though was the candid talk given by

Thursday, June 9, 2011

The No. 1 reason why you will not start a business

Fear. People nowadays are just simply too scared to do anything different with their lives, too scared to try and start that business they’ve been dreaming about  every night since they were a child. Too scared to leave that multinational and accept the equity-for-skills offer from that promising start-up. The saddest thing is that the level of fear often appears to be directly proportional to the person’s level of education or social status i.e. the higher your level of education or social standing, the greater the fear of failure and thus the lower the chance that you will risk starting a business. (NB. the dynamics change somewhat if you have inherited so much money that it doesn't matter if your start-up thrives or not)

What would a cave-man do?

Long time ago, at the dawn of mankind what do you think would happen to a cave-dweller who was too scared to go out and hunt for food?