The valley can create a temptation for the entrepreneur to quit before they have really begun. They will doubt whether they will ever be successful.
As an entrepreneur, you probably already have a general feel about which kind you are and which perspective you usually choose to work with. I hope these seven descriptions allow you to zero down further on how you can complement your strengths with other kinds of entrepreneurs to not just achieve your goals but also scale your business and impact.
The frustrating truth is despite their best efforts most entrepreneurs will fail within 5 years. Of those that manage to survive, the next challenge become finding a way to make lightning strike twice. Traditional thinking is that the second iteration of a business should focus on repeating the founder’s example and vision, with the main emphasis being to do it again. However, in today’s complex world where competitors could exist around the corner or around the world, any business that is not constantly innovating is at risk of perishing. At some point every entrepreneur runs out of ideas or just falls into a rut. When this happens, the entrepreneur needs a divergent voice to help reinvent the business.
In business, no one can do it alone. Complex decisions require teams with different expertise to come together. When the team optimally weights its expertise, they stand the best chance of reaching the correct decision. The greatest risk to optimal weighting is when a member’s perspective is not considered in the decision.
The many dangers of working exclusively with individuals who think alike are well documented. Group Think leads to a reduction in critical thinking. The members self-censor and do not share their concerns or ask questions. The logic is that if their concerns were valid someone else would have raised them.
Large global companies exist in Africa, but Africa remains largely an agrarian continent, and this must change for the African Christian church to sustain itself and thrive. The church in Africa can not remain dependent upon the shrinking church in America and other western nations.
The changed business landscape only illuminates the skills deficit in entrepreneurs, and point out the much needed skills for the next generation of entrepreneurs.
AVODA aims to be the “Next-Gen” Startup hub. We aim to connect our entrepreneurs to customers, not just investors, and to do so well in a post-COVID world. And by the time we put you in front of investors, you’re no longer just a business idea; You’re a business.
Different cultures tend to have different perceptions of what an ideal father-son relationship looks like. And it’s easy to project our own view of what our relationship with our Heavenly Father should look like BASED upon what our relationship with our earthly father was like.
As entrepreneurs, one of the things that drive us crazy is numbers. Right after you have had an idea, everything that follows is attached to some number/statistic.