I just finished reading ‘Negosyo – 50 Inspiring Entrepreneurial Stories’ by Joey Concepcion. I especially like the business lessons from Prof. Andy Ferreria at the end of each entrepreneurial stories. The following lessons are from entrepreneurial stories 26-50.
Not finding in the market what you want can be an opportunity.
Never rely on one customer only. Try to expand your customer base.
Have a clear view of where you want to go and have a road map.
The entrepreneurial spirit is willing to go through hardships for the purpose of learning.
Having a mentor is always a great boost to an entrepreneur. Mentors share themselves without fear.
The next one must be better than the last one.. make the last one obsolete.
Having a clear vision makes it easier to make choices.
The personal vision is the guiding start and source of passion.
The earlier personal vision and values are discovered, the better.
I just finished reading ‘Negosyo – 50 Inspiring Entrepreneurial Stories’ by Joey Concepcion. I especially like the business lessons from Prof. Andy Ferreria at the end of each entrepreneurial stories. The following lessons are from entrepreneurial stories 1-25.
Build your enterprise around your passion. See if your passion has a market. Alternatively, check if fulfilling habits of customers who pay is your passion.
Learn to reject opportunities that are not consistent with your vision.
Being big does not guarantee victory. Market relevance and acceptance guarantee victory.
Hold on to one’s initial vision.. and take that leap of faith with the hope that somehow things would fall properly on the right place.
Difficult things are easy to do.. impossible will take some time.
True innovation is founded on great understanding of the logic.
If it’s your passion but do not have the competence to do what is needed, you can learn it, hire one, or partner with one. But you must have the competence to succeed.
Set a personal vision as early as you can.
Difficult things are easy to do when you are passionate about it.
There will be less people willing to do the difficult things.
A passionate person will grow the enterprise faster.
Transform each challenge into an opportunity.
It’s about making the enterprise the best it can be.. not better than the other.