Posts Tagged ‘Entrepreneurship’

Biblical Entrepreneurship – Purpose

The next pillar we must examine in biblical entrepreneur is purpose. Biblical entrepreneurs must know who they are and why they are creating their organization. The creation of your enterprise is the by product of the purpose and destiny God the Father placed inside of you.

Purpose is the reason and why something or someone is created. Fulfillment of your God given purpose must be the main focus of your life. Discovering the reason for your birth will unlock the door to manifesting your potential. Let us use a light bulb as an example. The purpose of a light bulb is to illuminate an area. The light bulb has the capability to be used many ways to produce a result but in the mind of the creator if the light bulb is used in any other way then it’s original purpose it is being abused. It is only being used properly when it is manifesting it’s reason for being created which is illumination.

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Entrepreneurship in Botswana

The Parliamentary Republic of Botswana declared its independence from the United Kingdom on September 30, 1966. With a population as of 2003 of 1,573,267 Botswana has great potential for accelerated entrepreneurship. The GDP per capita is 15,800.

Since independence, Botswana has had the fastest growth in per capita income in the world. Economic growth averaged over 9% per year from 1966 to 1999. Much of that is due to the stockpiling of foreign exchange reserves and most of the impressive economic record has been built on revenue generated from diamond mining to fuel economic development. The economy, closely tied to South Africa’s, is dominated by mining, especially diamonds, cattle, and tourism. Some going concerns of the country are that it is the second highest HIV infection rate in the world after Swaziland, and that it is heavily reliant on mining for economic stability.

Botswana is seeking to further diversify its economy away from minerals, and tourism and entrepreneurship may play an important role in this. The government welcomes this. The national language is English and the Batswana further wish to entice foreign investment and business. As of 1999, Botswana abolished foreign exchange controls and has lowered the corporate tax rate to 15%. They also have no prohibitions on foreign ownership of companies, and will develop plans to further advance their competitiveness on a global scale. Some U.S. companies that are prevalent in the country are H.J. Heinz and AON Corporation, as well as Kentucky Fried Chicken and Remax.

Globalization will be necessary in order for Botswana to become a stronger economic and entrepreneurial force. Currently 70% of Botswana’s electricity is imported from South Africa. Botswana will need direct foreign investment in order to grow further.

Economic freedom has flourished under a contemporary multi-party democracy, which has promoted entrepreneurship through domestic and international educational and training programs for Botswana’s citizens. Although the majority of Botswana’s income is from mining, the entrepreneurship push is allowing areas such as construction and technical fields to be explored.

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Invention, Innovation and Entrepreneurship

In this work I will explore the importance of innovation and the creative endeavor in Asia that leads to entrepreneurship. We also discuss how entrepreneurship develops new ideas and, from heir ideas, establish new enterprises that add value to Asian society.

If creativity is the seed that inspires entrepreneurship, innovation is the process of entrepreneurship. Enterpreneurers are often thought to be “inspired” people, and perhaps they are, but more important, they often recognize changes and opportunities that can result from a dynamic world. Innovation is an important factor of entrepreneurship for every leader. It is defined as the process of doing new things. Therefore, it is often the active translation of a creative idea into a new product, service, or technology. Drukers writes that “innovation…is the means by which the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.”

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The Secret Science of Getting Rich Through Entrepreneurship

Everywhere you turn nowadays, you always hear about venturing into entrepreneurship. But what is entrepreneurship exactly? It is actually defined as the process wherein a group or an individual makes an effort to pursue opportunities to satisfy needs and wants through uniqueness and innovation.

In a nutshell, entrepreneur solves problem for a profit. Some people have the misconception that entrepreneurs are gamblers in the sense that they take risks and invest in industries that have no record of success.

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