Tuesday, June 2, 2009

Training for E'preneurs...

A lot of E'preneurs fall into E'preneurship, without a grounding in business knowledge. Today, it is important to build a base of knowledge, to recognize the improtance of networking skills and to hone the ability to have a larger vision to build a bigger business. This is true for everyone considering embarking on an E'preneurial career pathway - whether that be forming a business base around new technology, developing a social enterprise or taking an innovation forward within a larger or more established organisation.
Investment in self development before setting on a venture shortens the learning curve of the individual. Giong 'back to school' and learning essential skills allow E'preneurs to understand business realities. It also helps to review investment options and exposes them to much harder aspects of business.
Develooping a good n/w is very critical. Through the network, future business owners can communicate their ideas and recieve valuable feedbacks. E'preneurs need to understand the industry or the vertical in which they seek to launch their business. They need to have a clear understanding of the potential of their idea and finally, they need to have a good vision of growing the business beyond the initial 'good' idea. Even the colleges should have student enterprise societies, which is quite a force in student E'preneurship. It is important to have motivation, guidanceand support within the student and academic circles.

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