Individual entrepreneurs and the power of getting entrepreneurial for young people
Greetings people, Larry C. Farrell just had an “ Entrepreneurial Talk” in Seminar Hall A, Convention Centre, UUM on 14 September 2011. It’s definitely our honor to have Mr. Farrell to educate UUMers on the true means of Entrepreneurship (The power of getting entrepreneurial for young people). Despite, share his personal experiences in entrepreneurship (something inspiring !!).
Well people, Welcome to the New Entrepreneurial Age !
Entrepreneurial plays the most significant role in this age. Why ?? Because as we all know, entrepreneur create jobs. For your information, worldwide job creation has became a ” race to the bottom ” . This is chiefly because job creation seems to go to cheaper labor ( Vietnam, Cambodia, China, India ..etc )
Therefore, K.T. Li had proposed a ” Job/ Baby ” ratio. According to K.T. Li if we tend to create more babies, we have to create more jobs!
Why people, companies, and countries all need ” it ” ??
This is mainly for the people, companies and countries to survive the 21st century, downsized and uncertainties, even global economy. In order to fend yourself in a downsized and uncertain world. Looks entrepreneurship as one of the career options, especially in this golden entrepreneurial age =) Therefore, indirectly put in the plain words ” why some countries are richer than the others” .
Let’s move further to ” Entrepreneurial Basic ” ( This would be what Mr. Farrell keep mentioning throughout the talk )
Sense of mission
Feeling what you’re doing is important!
This is the most important words in business.
Understand the customers, that what’s matter — Steve Jobs
Moving quickly is the secret of entrepreneurship – Akio Morita, founder of Sony.
This could be explained by the “creation” of Sony Walkman that “ruled” the entertainment years back. And now, we have ” iPad, iPhone ..etc
One of the factors that could distinguish Entrepreneur from the Manager would be; Entrepreneur loves their product. They understand the consequences if they don’t have “something” to sell, they have no ” cash ” to feed their family. Entrepreneur ever thought of ” do it to get rich“. They believe bad performance = bad consequences. Entrepreneur lives life like this. How to possess self-inspired behavior? Of course, with higher commitment, would eventually leads to higher performance =)
Managing is the easy part. Inventing the worlds next great product is what’s hard.
A woman, with 3 children, no husband, without higher education; yet she’s the first Self-made woman millionaire !
If she has Nothing to do Something, I believe we can Do even More.
Do you remember when you were a kid? A kid, and you thought you could do anything?
You still CAN. Because a lot of what we consider impossible is easy to overcome, because in case you haven’t noticed, we live in a place where One individual can make a difference.
Want proof? Just look at the people who built our country: Our parents, grandparents, our aunt n uncles, even immigrants, newcomers, they are Ready to make their mark. Maybe they came with very little, or perhaps they didn’t own anything except for a Single Brilliant Idea. These people were doer, innovators. Until they came up with the name – Entrepreneurs!
They change the way we think about what is possible. They have a clear vision of how life can be better for all of us, even when times are tough. Right now, it’s hard to see, when our view is cluttered with Obstacles, but Turbulence creates opportunities for success and achievement and pushes us to discover new ways of doing things.
So what opportunities will you go after and why? If you’re an Entrepreneur, you know that risk isn’t the reward. No. The rewards are driving Innovation. Entrepreneur change people’s lives, create jobs, fuel growth, and make a better world!
Entrepreneur are everywhere, they run small businesses that support our economy, design tools to help you stay connected with friends, family, and colleagues around the world. And they’re finding new ways of helping to solve society’s oldest problems (Social Entrepreneur).
Do you know an Entrepreneur? Entrepreneur can be anyone even.. YOU.
So, seize the opportunity to create the job you always wanted. Help heal the economy, make a difference =) Take your business to new heights, but most importantly, remember when you were a kid, when everything was within your reach, and then say to yourself quietly, but with Determination: It still is .. =)