ENTREPRENEURSHIP

by David Nuttle Many nations cannot grow their economies fast enough to provide meaningful employment for al youth. Frustrated & angry unemployed/ underemployed youth become easy targets of gangs, local criminals, terrorists, narco-terrorists, or insurgents. A well proven solution is to provide education in entrepreneurship as well as funding option for new business starts. This was a priority for USAID (U. S. Agency for Intl. Development), but they badly failed upon their being corrupted by "woke" forces. The basic concepts for entrepreneurship are:

1) Find a need for a good or service not being met of being poorly met.

2) Create an innovative means to meet the need identified.

3) Research your potential markets.

4) Develop a prototype of your solution.

5) Protect your innovation as a trade secret or apply for patent protection.

6) Select a business structure and write a business plan.

7) Develop a marketing strategy and test the market.

8) Establish a logistics plan.

9) Determine and confirm your startup funding source.

10) Carefully create your business staffing.

11) Select potential partners as may be needed.

12) Estimate cash flow and establish performance measures.

13) Provide location and needed facilities.

14) Develop your marketing options.

15) Consider use of social media and internet sales.

16) Develop your brand and customer care program.

17) Explore all options to include barter.

18) Become the leader your business needs!!

It does not require extensive education to become a great entrepreneur. My first class of potential entrepreneurs we a group of Montagnard tribal members in Vietnam. None of the participants had a single day of formal education. Within 90-days, 23 of these students of entrepreneurship started 16 new enterprises. The needs were there, and they created basic innovations and new enterprises to meet these needs.