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Leveraging On Entrepreneurship And Skill Acquisition For Transformation

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Entrepreneurship is the act of being an entrepreneur, which can be defined as “one who undertakes innovations, finance, and business acumen to transform innovations into economic goods.

leveraging On Entrepreneurship And Skill Acquisition For Transformation

It can also be defined as an individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale.

The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. Dan Sullivan Says that: “An entrepreneur is someone who does not expect compensation until he has created value for someone else.” Jean-Baptist Say, Says that: “Entrepreneur is someone who takes resources from a lower level of productivity and raise them to a higher level.”

Entrepreneurship can create new organizations or develop a strategy to revitalize mature organizations in response to a perceived opportunity.

The most obvious form of entrepreneurship is starting a new business, also called a “startup company.” More recently, the term has evolved to include other types of entrepreneurship such as:

  • Social entrepreneurship applies the “entrepreneurial principles to organize, create and manage a venture to achieve social change” and
  • Political entrepreneurship or “starting a new political project, group, or political party.” No society can exist without entrepreneurship. Every society depends on entrepreneurs.

There are various types of entrepreneurship, including:

  • Administrative Entrepreneurship
  • Opportunistic Entrepreneurship
  • Acquisitive Entrepreneurship
  • Incubative Entrepreneurship
  • Imitative Entrepreneurship
  • Private Entrepreneurship
  • Public Entrepreneurship
  • Individual Entrepreneurship
  • Mass Entrepreneurship
  • Small Business Entrepreneurship

Leveraging On Entrepreneurship And Skill Acquisition For Transformation

On the other hand, skill is the ability to perform an activity competently. Skills can be classified into three main types: Transferable/Functional, Personal Traits/Attitudes, and Knowledge-based.

  1. Transferable/functionalAction is taken to perform a task, transferable to a different work function and industries.Based on ability and aptitude

Examples:

1.organize

2.promote

3.Analyze

3.Write

2.Personal Traits/AttitudesTraits or personal characteristics that contribute to performing work. Developed in childhood and through life experience

Examples:

1.Patient

2.Diplomatic

3.Results-oriented

4.Independent

3.Knowledge-basedKnowledge of specific subjects, procedures, and information necessary to perform particular tasks

Acquired through education, training, and on-the-job experience

Examples:

1.personal administration

2.Contract management

3.Accounting

There is another type of skill acquisition and empowerment program and are therefore divided into four broad areas:

PRODUCT BASED SKILL ACQUISITION

SOAP MAKING (LIQUID AND BAR, PERFUME MAKING, COSMETICS (HAIR, BODY, SHAMPOOs) AIR FRESHNER, PAINT MAKING, DISINFECTANTS (DETTOL, IZAL), PETROLEUM JELLY (VASELINE).

This skill acquisition leads to the release of products and can ultimately be regarded as quick wins and are tangible in nature.

VOCATIONAL SKILL ACQUISITION

Vocational skill acquisition is the process of acquiring skills that don’t require excessive mental intelligence. Many vocational skills are very profitable to acquire, and I will be listing them out in detail.

BARBING, FASHION DESIGN, AUTOMOBILE REPAIRS, CAR SPRAY, TILING, P.O.P, HARDWARE ENGINEER, CATERING

WHITE COLLAR SKILL ACQUISITION PROGRAM

This type of skill acquisition and empowerment program allows educated people to get the skills that would help them become experts in certain fields. There are lots of skills under this category, and I will group them according to their sectors.

INFORMATION TECHNOLOGY – COMPUTER HARDWARE ENGINEERING, NETWORK ENGINEERING, WEB DESIGN, WEB APPLICATION DEVELOPMENT, GRAPHICS DESIGN, SOFTWARE DEVELOPMENT, CYBER-SECURITY AND MANY MORE OTHERS., MANAGEMENT, AND ADMINISTRATION

Skills acquired under this sector are for those interested in the management and administration in PROJECT MANAGEMENT, MICROSOFT OFFICE SUITES USAGE, DATABASE MANAGEMENT, COMMUNICATION SKILLS, AND MANY OTHERS.

MEDIA SKILLS

CINEMATOGRAPHY, VIDEO EDITING, SCRIPT WRITING, SOUND EDITING, GRAPHICS DESIGN, CONTENT WRITING

Understandably, everyone needs a reason to do something. When it also comes to the issue on the ground, there is also a reason for skill acquisition.

The following are the reasons why you should consider acquiring a skill;

MEANS TO WEALTH

In 1999 when Jeff Bezos started as a software engineer in his garage, little did he know that he would later create an empire that would make him the richest man on earth? With his skill, he created an online marketplace where people can be able to buy and sell. It isn’t the first, but I guess his idea was unique.

If you want something that would help you start a business, create wealth, and diversify your income, you should focus on skill acquisition.

YOU STAND A GREAT CHANCE OF GETTING A JOB

When you think you don’t feel like creating your own business, you can also get hired easily. When you focus on acquiring useful skills as an unemployed graduate, there is a great chance of you getting a job.

While skill acquisition helps you get a job easily, it would also help you remain on your job. When others are getting fired due to company downsizing, it would surely not affect you.

YOU AREN’T DEPENDENT ON ANYONE FOR SURVIVAL

This is one reason for skill acquisition; you tend to live off the skills you’ve acquired. But it also depends on the type of skill acquisition program or the skill you acquired. When you have acquired the right skill, every other thing falls in place. You no longer beg for money just like others will do.

I, therefore, urge you today to consider entrepreneurship as a way forward.

Write-up by:

Ogbene Daniel Iye

Head Training & Enterprise Development – G-CONSULTING INTERNATIONAL SERVICES LTD

Additional Contribution by Godfrey Ajayi Sunday Managing Partner/CEO

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