The literature on entreprenuership suggest there are millions of ventures scattered across the globe. Entreprenuership is vital for economic growth and development. it stimulates job creation and decent work. the past decades have witnessed significant innovation and creative break through among enterprises in Europe,America, and lately Asia. The Africa continent is yet to keep pace with its industrialised counterparts. Many African business do not survive past their fifth year of establishment. poor investment climate and weak supporting institutions constrain Africas businesses.
Nigeria with over 160 million people accounts for a fifth of africas population. According to the world banks doing business,the country ranks poorly in the most of the key indicators of enterprise success(World bank,2013).
Despite the neglect by its government and the financial sector,nigeria businesses, especially the informal sector,are resilient and thriving. They contribute one-third of the gross domestic product,which is unaccounted for due to poor official records. Against all odds, a few entreprenuers have succeeded in both developed and developing economies. The following examples illustrates cases of successful entreprenuers and their common attributes and definitions.
Bill Gates,Microsoft founder,has topped the forbes billionaires'list 15 times over 20 years. He started programming at age 14,incorporated microsoft and became a billionaire in his 20s. In Africa, Nigeria's Dangote has become the continents richest person with a net worth of $25 billion.
There is hardly an employee who is a billionaire. Great entreprenuers and world richest people are founders and business owners. They pass through the process of identifying and starting a business ventures. they are not managers and not necessarily leaders. they are profitably meeting needs. their attributes includes passion,resilience,risk taking,forecasting,innovation,vision,patience etc.
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