In the GSB, we were in agreement that there are three masteries that an entrepreneur to be truly one must master:
1. Self
2. Opportunities
3. Enterprise
It could not be pure technology mastery, or learning a trade or yema making or durian farming. It has to start from the self. Self improvement: education, emotional, physical, spiritual are all part of mastery of self. It involves development of leadership skills oral and written communication
There has to be mastery of self. Thus Ii believe that a graduation skill of an entrepreneurship student is the ability to write a comprehensive business plan that contains executive summary, organization, objectives, marketing plan, financial plan, operating plan, compliance with govt regulations, and exit strategy. When this was no longer allowed, I all ready wandered off to other pursuits.
The entrepreneur must be able to spot opportunities around him. What are the source of opportunities: hobbies, trends, changing customer wants and needs, and most commonly: WHAT PISSES YOU OFF. ?
According to Jack Ma, it is what the customer complains about. (In your company or others. The former head of Marriott makes sure that all complaints reaches him. (That is what Ii try to do. I read the FB messenger which are usually used as channels for complaints)
Not everybody can be entrepreneurs. Not everybody can be online sellers without buyers. Thus being entrepreneur is reserved for a selected few. Many will try but only a few will succeed.
What do you think?
