Promoting Entrepreneurship Development for Professional Growth
“Never be limited by other people’s limited imaginations”, said Mae Jemison. The best possibilities always come the least you expect it. And by going beyond your imagination, all the concepts and ideas that pop up in your mind are contributory to your entrepreneurship development as a professional and this country’s growth as a nation.
How to Manifest Entrepreneurship Development?
Nowadays, engaging yourself in entrepreneurial activities unleashes your full potential; and we also never want to settle for less. There is a major way on how we can make use of this opportunity. The process of increasing an entrepreneur’s knowledge and skills through various coaching, programs, and training is known as entrepreneurship development.
The fundamental goal of the entrepreneurship development process is to support and grow the entrepreneurial community through various business and innovation activities. Entrepreneurship development aids new businesses or enterprises in better attaining their objectives, boosting trade and the economy of the country as well.
What Are The Types of Entrepreneurship Development That We Can Engage In?
According to Gallo (2022), mindset is a collection of abilities that enables people to recognize opportunities, seize them, learn from mistakes, and succeed in spite of the obstacles. Once the mindset is acquired, it is now time to identify which type of entrepreneurship development best suits you:
- Small Business – This type could possibly be a restaurant, a retail store, or a store provided that is based locally. Usually, they don’t have plans to start a chain or open a franchise.
- Scalable Startups – There is an attempt to expand aggressively and get their business profitable. Startups have a tendency to attract a wider range of customers when they start to become successful.
- Intrapreneurship – Here, the entrepreneurial attitude is utilized to make use of the resources that their current employer is willing to provide. With the help of a bigger sponsor, this gives entrepreneurs the chance to get going quickly — by thinking outside the box.
- Social Entrepreneurship – Individuals involved in this type strive to be the change they want to see in the world. They launch an initiative or non-profit organization whose principal goal is to aid people and not generate money.
Whichever type of entrepreneurship development you think is right for you, just bear in mind that this is a beneficial part in making your ideas come to life. You will follow certain principles on how you will translate these ideas into concrete plans. And by having the right attitude and appropriate mindset, the realization and fruition of your concepts will come the best way it should be.
How Do You Make an Idea Come to Life?
Basically, to successfully achieve a specific goal/target, everything needs to be done according to plan — and all the tactics, activities, time frame and expectations stated therein. By following the strategic planning processes for your entrepreneurship development, you give your idea a clear direction on where it is going and what needs to be done. Just be sure to be mindful about how you manage ideas, where you put your attention, and how you innovate with your clients to get their approval. Having big ideas can minimize efforts by maximizing all the capabilities. Motivation will always be one of the keys in staying on track of your plan and having this motivation with your teammates makes the best team ever.
Maneuvering Ideas for Ideathon 2022
All of these possibilities and capabilities can be nurtured and be best achieved through IDEATHON 2022. IDEATHON 2022 is a business- and innovation-related project that aims to spark initiative in starting up a new venture through students’ skills and creativity. Here, CEOs will be selected and they will form their own team and come up with an innovative idea that will help promote entrepreneurship development among all the members of the community.
Students who will attend IDEATHON 2022 are expected to enhance their ability to establish, manage, and build a business operation while keeping in mind the risks and challenges associated with it — which is another crucial component of entrepreneurship development. By taking all these in consideration, your imagination is the limit in conquering the business challenges in this modern day society.
IDEATHON 2022 is your partner in paving the way towards entrepreneurship development and innovation. This innovative project is spearheaded by the Center for Business and Innovation which is committed to promoting and developing a strong brand through strategic and innovative approach making University of Batangas Lipa Campus a Business and TechnoHub Campus.
