As a young entrepreneur, the company of people you associate with plays a greater and vital part in accomplishing and bringing your product or services to meeting their needs because you idea should be all about meeting needs. So, associate with the right people of like minds.
Work with them as a team with one sense of purpose and as a result, it will be difficult to rob you and your colleagues of success that is why you have partnership and all forms of business associations. It is better to cooperate with others in your business line and take advantage of existing knowledge and information to make you move faster e.g. Bill Gates had to collaborate with Paul Allen to establish Microsoft.
While Bill Gates handles Software design Paul Allen handled hardware. It is better to cooperate with others in your area of idea/business and take advantage of existing knowledge and information to make you knowledgeable. You also need to associate and attach yourself to mentors i.e. people who have achieved so much in the business you intend to go into because you can learn through their experiences and by so doing, you avoid making the mistake they made at your own stage to output stage.
In the process of doing this, you take care of all weaknesses and risks and make provision for any challenges that may occur in the implementation of the business plans. Before rounding up this segement, I want to quickly tell you about a man called “Mr. Money”, though his real name is Samuel Walton, who started out with virtually nothing and have successfully built a multinational companies in his life time.
Wal-Mart is to the retail industry what Microsoft is to software. The largest, most efficient and arguably, most successful retail story in the whole Universe. But it was never always this way for this family owned conglomerate, which spans continents and has been in the top ten in more fortune categories than any other fortune 500 company in the last five years.
Samuel Moore Walton, the founder of the company, grew up during the great depression, and the poverty that surrounded him as a young boy in a rural Missouri Community must have been instrumental in molding the visionary entrepreneur that he grew to be. Samuel Walton studied foe a business Degree at the University of Missouri at Columbia, graduating in 1940.Even at the college his entrepreneurial skill and talent were already evident, earning him the nickname “HUSTLER MR MONEY”. He took up a management training position in Lowa with J.C Penny, where he learnt the in and out of the retail business knowledge that was serve him well I n later years. He joined the Military during 2nd World war before started his retail business.
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