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Last Saturday (June 20) I was invited to participate as a panel member for the final presentation of student groups of their General Management class (GM600).
The groups presented their hypothetical business plan to be evaluated by the panel, in a kind of “American Idol” or “Apprentice” format.
The experience provided the students hands on experience that will let them have a taste of entrepreneurship. For some, this will be their only entrepreneurial experience from the bleaches of the baseball park. For others this will be the reconfirmation of their vocation and their determination that having a business is something they really want, should do and will do.
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At the end of the event an African lady from Liberia, who is planning her return home, approach me and shared with me some of her ideas about the possibilities of having a mega store coming to her country and all the opportunities that this would bring to her “virgin” country. “The most important thing right now is all that you know about America, all you have learned, and how you could apply that to your own reality back home” I said. I was talking based on experience.
Living overseas gives her a competitive advantage with her counterparts at home. She just needs to be sharp and take advantage of the opportunities she will face. Inviting a mega store will take too many years to become a reality, but shooting to be a supplier could be faster and equally productive. |
Four recommendations to any upcoming entrepreneurs:
- Be sharp and observe the environment is the first step any entrepreneur has to take.
- Analyze the data.
- Share with others and be open to critics, but do not disincentive yourself.
- Keep walking the road, step after step, day after day, one step at the time. At the end of the week maybe it doesn’t look like you traveled a long road, or had lot of achievements. But at the end of the month you will have a clear and realistic perspective of what you have accomplished.
I once read that most of the concurrent Fortune 500 companies were created during times of crisis. I also can assure you that developing countries are the most productive in terms of invention and innovation. Need is the mother of invention and creativity.
Let the dormant giant wake up. Give yourself the opportunity to be an entrepreneur.
Thanks to: David Strong, Ph. D., Professor, MBA Senior Faculty, Keller Graduate School of Management
DeVry University, Houston Campus.
Thank you to Annette Ollsen, Oscar Moretti, M.E.A., P.E., PMP, Patrick Menzies, Oscar Garcia Shelly you made feel welcome. |
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