TRAVEL SERVICES

HOW TO BE A SUCCESSFUL ENTREPRENEUR

* You must be passionate about what you're trying to achieve. This means youre willing to
sacrifice a large part of your waking hours to the idea youve come up with. Passion will ignite
the same intensity in the others who join you as you build a team to succeed in this endeavor.
And with passion, both your team and your customers are more likely to truly believe in what you
are trying to do.
* Focus intensely on your opportunity. This focus and intensity helps to eliminate wasted
effort and distractions. Most companies die from indigestion rather than starvationin other
words, companies suffer from doing too many things at the same time rather than doing too few
things very well. Stay focused on the mission.
* The road to success is going to be long, so remember to enjoy the journey. Everyone will
teach you to focus on goals, but successful people focus on the journey and celebrate the
milestones along the way. Is it worth spending a large part of your life trying to reach the
destination if you didnt enjoy the journey along the way? Wont the team you attract to join your
mission also enjoy the journey more as well? Wouldnt it be better for all of you to have the time
of your life during the journey, even if the destination is never reached?
* Trust your gut instinct more than any spreadsheet. There are too many variables in the
real world that you simply cant put into a spreadsheet. Spreadsheets spit out results from your
inexact assumptions and give you a false sense of security. In most cases, your heart and gut
are still your best guide. Weve all had experiences in business where our heart told us
something was wrong while our brain was still trying to use logic to figure it all out. Sometimes a
faint voice based on instinct resonates far more strongly than overpowering logic.
* Be flexible but persistent. Every entrepreneur has to be agile in order to perform. You have
to continually learn and adapt as new information becomes available. At the same time you have
to remain persistent to the cause and mission of your enterprise. Thats where that faint voice
becomes so important, especially when it is giving you early warning signals that things are
going off-track. Successful entrepreneurs find the balance between listening to that voice and
staying persistent in driving for successbecause sometimes success is waiting right across
from the transitional bump thats disguised as failure.
* Be honest and show integrity. I cant imagine anyone ever achieving long-term success
without having honesty and integrity. These two qualities need to be at the core of everything we
do. Everybody has a consciencebut too many people stop listening to it. There is always that
faint voice that warns you when you are not being completely honest or even slightly off track
from the path of integrity. Be sure to listen to that voice.

Why entrepreneurship plays a vital role in the economy?

A very core and fundamental role is played by entrepreneurship in any economy and the
reasons why it holds such a dominant role in the economy is discussed minutely in the
given article. The constructive impact of entrepreneurs on the society is also quiet evident
in the given paragraphs. When a 2 year and 10 nation survey was conducted the impact of
entrepreneurship stood up evidently saying that the countries have high levels of
entrepreneurial activities when compared to countries having lower levels of the same
shoed drastic differences in factual data of growth rate. Now let us go in depth of the
reasons why entrepreneurship [http://www.canadiantradeenclave.ca/]
holds a dominant position in the society? The following reasons are responsible for the
same;1) Provides employment to huge mass of people; - people often hold a view that all those
who do not get employed anywhere jump into entrepreneurship, a real contrast to this is
that 76% of establishments of new business in the year 2003 were due to an aspiration to
chase openings. This emphasizes the fact that entrepreneurship is not at all an
encumbrance to an economy. Whats more is that approximately 34 million of
fresh employment opportunities were created by entrepreneurs from the period of 1980.
This data makes it clear that entrepreneurship heads nation towards better opportunities,
which is a significant input to an economy.
2) Contributed towards research and development system; - almost 2/3% of all
innovations are due to the entrepreneurs. Without the boom of inventions the world would
have been a much dry place to live in. Inventions provide an easier way of getting things
done through better and standardized technology.
3) Creates wealth for nation and for individuals as well; - all individuals who search
business opportunities usually, create wealth by entering into entrepreneurship. The
wealth created by the same play a considerable role in the development of nation. The
business as well as the entrepreneur contributes in some or other way to the economy,
may be in the form of products or services or boosting the GDP rates or tax contributions.
Their ideas, thoughts, and inventions are also a great help to the nation.
4) Sky-scraping heights of apparent prospects; - the individual gets maximum scope for
growth and opportunity if he enters into entrepreneurship. He not only earns, the right
term would be he learns while he earns. This is a real motivating factor for any
entrepreneur as the knowledge and skills he develops while owning his enterprise are his
assets for life time which usually, lacks when a person is under employment. The individual
goes through a grooming process when he becomes an entrepreneur. In this way it not
only benefits him but also the economy as a whole.
5) It is a challenging opportunity for the people: - although entrepreneurship is a
challenging task but in most of the cases the rewards it gives are much more than what
one anticipates. It does not only reward an entrepreneur at financial levels but also on
individual level. It provides self satisfaction to the entrepreneur.

6) Entrepreneurship provides self sufficiency; - the entrepreneur not only become self
sufficient but also provide great standards of living to its employees. It provides
opportunity to a number of people working in the organization. The basic factors which
become a cause of happiness may be liberty, monetary rewards, and the feeling of
contentment that one gets after doing the job. Therefore the contribution of entrepreneurs
makes the economy an improved place to live in.

Importance of Entrepreneurship Education

Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs
are created by small businesses started by entrepreneurially minded individuals, many of
whom go on to create big businesses. People exposed to entrepreneurship frequently
express that they have more opportunity to exercise creative freedoms, higher self esteem,
and an overall greater sense of control over their own lives. As a result, many experienced
business people political leaders, economists, and educators believe that fostering a robust
entrepreneurial culture will maximize individual and collective economic and social success
on a local, national, and global scale. It is with this in mind that the National Standards for
Entrepreneurship Education were developed: to prepare youth and adults to succeed in an
entrepreneurial economy.
Entrepreneurship education is a lifelong learning process, starting as early as
elementary school and progressing through all levels of education, including adult
education. The Standards and their supporting Performance Indicators are a framework for
teachers to use in building appropriate objectives, learning activities, and assessments for
their target audience. Using this framework, students will have: progressively more
challenging educational activities; experiences that will enable them to develop the insight
needed to discover and create entrepreneurial opportunities; and the expertise to
successfully start and manage their own businesses to take advantage of these
opportunities.

Creativity and Innovation consists of...

SEEING what everyone else has seen,

THINKINGwhat no one else has thought, and

DOING what no one else has dared!"

Innovative thinking is the key to becoming a successful entrepreneur. Whether you actually invent a new
product or process, or you use creativity to find a better way to market existing products or services, you
will need to learn how to think like an inventor.

START WITH THE CUSTOMER OR END USER

The customer is always your first and most important creative challenge. Listen! Try to see the customers'
problems and needs from his or her point of view. Restate the problem and the customers' needs in their
terms until a consensus is reached. Ask not only what the problems are, but what special methods are
presently used to solve them.
Work with the end user or customer. Use fictitious product descriptions to stimulate ideas and discussion.
Remember that effective market research and sales strategy requires just as much creativity, enthusiasm
and perfection as does product development.

IMPORTANCE OF ASKING THE RIGHT QUESTIONS

The problem as first stated is rarely the true problem. Ask at least five times. Always restate the problem
as many ways as you can; change the wording, take different viewpoints, try it in graphical form.
Describe the problem to laymen and also to experts in different fields.
Don't try to learn all the details before deciding on a first approach. Make the second assault on a problem
from a different direction. Transforming one problem into another or studying the inverse problem often
offers new insights. If you don't understand a problem try explaining it to others and listening to yourself.
Test the extremes. If you can't make it better, try making it worse and analyzing what happens. Visualize a
new way to solve your problem.

GETTING GOOD IDEAS FROM EVERYONE AND EVERYWHERE

Asking once is rarely effective, you have to ask many times in many ways. Look at all possible sources of
good ideas: your customers, your competition, your peers, the literature, patents, and your own
subconscious. Give others some examples, this serves both to illustrate what you're talking about and
encourages them to suggest improvements to your ideas.Tell them also what [you believe] you don't want
and which solutions [you believe] won't work. Remember that breakthrough innovations often come from
the outside. Work with high performers in fields related to your own to identify and adopt their relevant
methods, tools and "tricks of the trade". Trade ideas with all.

SEARCH FOR MULTIPLE SOLUTIONS

"Nothing is more dangerous than an idea when it is the only one we have." The first solution found is
usually inadequate or not the optimum. There is usually more than one acceptable solution. Suspend
judgement and criticism when first collecting ideas. Studying multiple problems jointly often generates
unique solutions. Look for solutions using combinations of ideas from different or evolving technologies.
Even if you have one optimum solution it may be necessary to get patent coverage for all other effective
solutions so as to protect your market.