Teaching Entrepreneurship: Lesson #2 | Course Guide

Think hard lady! You sure need to figure out what a business is. :P

In the last post, I talked about the different excuses we give ourselves as to why we can’t start a business.

Once you decide to stop giving all those excuses and roll up your sleeves with determination, another question might come to your mind. “I really want to start a business, but where exactly do I begin?” Good question! A good start would be knowing what a business is.

What is a business and how do I use this course to start one?

So, what is a business?

Josh Kaufman, the author of The Personal MBA, says that every successful business:
1) creates or provides something of value
2) that other people want or need
3) at a price they are willing to pay
4) that satisfies the customer’s expectations or needs
5) and provides sufficient financial support to make it worthwhile for the people associated with it to work for it.

Simple! Isn’t it?

The above video also gives you a few tips to maximize the benefit that you get from this course on Entrepreneurship.

Let’s keep it short this time round. The next course video and article will focus on the meaning of innovation and it’s importance in a business.

See you! :)