This is one mouth watering word among the visionary youth today and yes, on this post I just had to talk entreprenuership.
Some would wonder why I decided to pick this topic. Well. You will get it as we go along but being the man that I am I think it will be better if we talk about what this entrepreneurship is all about. Definitions first. Definitions are good.
Of course the purposes of this post I did not go for the dictionary definition of the word so I will takebit from my understanding. So Richard Kamwezi defines entrepreneurship as the science or art of making money from supplying a need in any community. Art or science? If you are asking that question, well, that it is. Art or science. The main point is what happens and the end product and that is what matters the most.
The fact that there is money involved has made entrepreneurship a household among Malawi's elite youth. The reasons are pretty obvious; I mean you don't have to be super smart for you to know that you don't have to be broke to enjoy this life. Everyone knows that and much as money isn't everything, it doesn't hurt to have a good amount.
The issue of entrepreneurship has come into the spotlight recently with the coming in of people who are investing a lot in trying to give us the financial literacy we need. Bravo to these patriotic sons of Malawi who have not taken knowledge of practical personal finance management as something to be kept to themselves but as something to be shared for the common good.
Among those who have worked so hard to equip the Malawian population with these skills is one Henry Kachaje. I first met the man when I was doing my orientation at the College of Medicine when he talked to us on something I have forgotten. All I remember was that there was sense in it and it attracted me when I heard he was offering a seminar of a similar nature. This time we had to cough out K500, but being a public holiday with nothing sensible to do after our meal allowances had just fattened my account, I had more reasons for going than for staying.
We spent so many hours of sense and I remember that one of the most important topics was about entrepreneurship and the need for us to start businesses and create jobs in a bid not just to work on our well being, but also to uplift the country. Good stuff. I have attended a couple more of these and I must say that they are really nice. Henry also commands quite an audience on Facebook and he has been giving a lot of lessons drawn from a lot of successful people on issues ranging from issues of planning to business management. He is also the brain behind the Entrepreneurship Revolution Program. Salute to this gentleman.
Taking it from the fact that I have attended a couple if sessions with this gentleman and that he has inspired me to start reading a lot from many authors leaves some of the people who know me wondering as to why I am not in business. Tough question. Probably has to do with my past experience with business. In case you are wondering why I could not keep on keeping on, well, this battle I lost so that I could focus on the war.
Let's take away the personal side of this and be a bit objective. Henry is not the only one coaching young people into worth creation through entrepreneurship. So many other people are doing it and there are many success stories about this which have left people looking at this as an option over employment. This has led to some good developments in the lives of many but on the other hand the excitement hasn't come without repercussions.
The motivation talks and lessons that people have always being excitement to the people who attend and they instill a desire to act on them. To some, talks on entrepreneurship help to build an already existing desire to venture into business and job creation while to others they introduce the same. The interpretation of the message by the two groups of people is different and if taken without caution it might ruin a lot in the latter.
I will give a personal example. I am not the kind of person who grew up with the idea of doing business. I was raised in a family of civil servants; mum, dad, first born so when I was growing my main focus was on finishing school and getting a good job in the government and getting paid for the rest of my life. Cool stuff by many people's standards. Getting exposed to this material that we share on worth creation, success and all left me thinking that it was not enough and that I needed to do more right here and now. What did that get me into?
Without proper planning I got into a couple of businesses, one experimental and the other with all guns blazing. The end result was catastrophic, having lost some good amount of money to unpaid bills.
Before you crucify me for tarnishing the glorified of entrepreneurship in the society, I just want to make some few things clear. I am not trying to give a bad picture of the thing that I think could be our way out of poverty as a nation. What I want is to give another view of the same thing before things like these happen to everyone else and make us all have sad faces like the grumpy cat.
The main point to this is that there is need for proper digestion of information when we hear about things like success and entrepreneurship. There is indeed a need to act on this information, but what we need is to understand what we are getting into because there are dangers to this if we act prematurely. I would particularly like to highlight on two issues.
The first one is that of looking at what and who you are before venturing into business and entreprenuership. I am not trying to suggest that these things are meant for some people and not for others but sometimes it is good to give these things the serious analysis they deserve.
If you are new to business, it is not too much to ask for you to see what you can do at a small scale before getting to full blown business. Saves everyone the trouble. It is good to first look at who you are and what you can do before losing the opportunities at hand the most highlighted being school. Tales are told of Steve Jobs and Bill Gates who dropped out of college and made a lot of fortune. Tales are told of Mark Zuckerberg who started the Facebook project in college and is not worth billions. These stories give intellectuals the urgency to act but one thing we have to understand is the issue of the differences between their situation and ours. Some might think I am an advocate against risk taking but that is not the point. You have to know what you can manage at what time and to focus on that before losing every other opportunity. I personally do not consider it wise to put entrepreneurship over tertiary education. If you can manage it, give it a go but if you can't, brother, sister; leave this, get your degree and think about it at home. Maybe it would work better with your job.
The same goes to all others who are doing things that are important and involving. While it is worthwhile to take risks, some of what people do in entrepreneurship is not about taking risks but to venture into a clear impending danger. Recipe to disaster.
We could use a lesson from Jesus Christ on this one. In Luke chapter 14 verses 28-30 Jesus talks about how if you want to build a tower you need to calculate the costs before starting the project, lest you be called a fool if it fails due to poor calculation. Master Jesus. Not me. That, dear everyone is worth following.
Second part of this is also dealing with the way we handle the information from success coaches. The information we get from them is all exciting when they tell us to think in numbers and everything else. People will always tell us to think in millions which is not a bad idea really. The way we take that information however makes the difference between the person who makes the million and one who keeps fantasizing it till the day they lay in their grave.
The excitement you get from a motivational talk will always leave you desiring the next one and if not careful we might just resort to attending seminars on success and wealth creation without actually doing anything about it. We will read all the books and watch all the videos of talks by Robert Kiyosaki, Zig Ziglar, Jack Canfield and any other you can mention (if you don't know any of the three people make a date with me for something needs fixing) but if it just gives us just enough drive to keep us reading, watching and listening, then there is a problem and we are as good as not getting those lessons.
Long piece of writing, but what really is the point of this? The point I was trying to drive home is the fact that we need to balance up our issues when we get information. When we are taught about success and entrepreneurship, we do not have to be too theoretical with our analysis and to venture into it prematurely but at the end of the day we also do not have to be those fools Jesus talked about, who hear stuff and do not use it (Matthew 7:26 and surrounding verses).
Take home message? Be action oriented enough to act on the message but be wise enough to make sure that what you do leads to the intended results other than a loss of what you already have.
Entrepreneurship is indeed the way to go but it is not a walk in the park. There are challenges and they havevto be taken into account.
I must also say that it is worth knowing and actually very practical that we know that not all of us will successfully venture into entrepreneurship and we will go the employment way. What you need to make sure is that you make yourself ready to have that job that will give you the satisfaction that you deserve because you can still think about the future with this.
For my friends who want to venture into entreprenuership, someone once told me the difference between a trader and an investor. If you are getting to this, which one are you and which one do you have to be?
Something to think about.