Entrepreneurship vs Career

What is Entrepreneurship?

Entrepreneurship is the creation of independent and personal businesses in which an individual or group has total control and management, with the aim of making profit.

It covers small to large scale businesses and can either be selling a product or rendering a service.

A career is a job that requires specific education and training with opportunities for hierarchical progression undertaken by an individual for a period of time with the reward being salaries and wages. A good number of people who pursue careers, work for other people, depending on individual capacity and inclination to business or careers.

Never the less, contrary to some general view, it is possible to make a business out of your career or better put make entrepreneurship your career. This means establishing personal businesses in line with one’s qualification or other chosen qualification. A typical example is the establishment of law firms, Advertising agencies, Hospitals, and the list goes on and on.

Whichever path we take, knowing what we want is key in deriving that satisfaction as well as earning a living. For this to be possible, one needs to answer the following critical questions:

What are my career goals?

What are my business goals?

If I want to establish a business, what problem can I identify?

Should I proffer a solution or add to the already existing market?

Before venturing into any career or business, there has to be a good background research, to make a well informed decision. Irrespective of the two choices, there is need to build skills which are required in the operation of a business or career paths in order to achieve these goals.

These skills can be placed into two broad categories:

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General skills: These are basic skills which an individual must possess irrespective of industry, career or business. These skills are fundamentally needed to work with clients and colleagues, such as:

Communication skills: Every individual, willing to work with others at some point must know how to communicate clearly and effectively because communication is a ground for understanding that is required in every organization at any level in both oral and written form.
Marketing skills: In the 21st century, social media and marketing have become two inseparable terms that form the bedrock of many establishments. Understanding and utilizing these tools can be critical to business success. Therefore, mastery of these skills helps to cut through the clutters in a competitive market with similar services. Through social media platforms, online and offline marketing, sales and loyalty can be assured. It can also prove cost effective and hence a skill every entrepreneur requires.

Career and Business Specific Skills

These are skills that are required to carry out specific jobs and responsibilities according to roles and the particular industry of interest. There are several skills specific to every industry and one must ensure that the skill you are seeking to learn must be useful and relevant to your area of interest or industry.

The Learn for life Nigeria e-skill center and resource library provides access to learn most of these professional skills online, take advantage of the opportunity and begin your journey towards professionalism

In summary, every career and business requires both general and career/business specific skills. Learn for life is here to help you build these skills.

March 11, 2019