Entrepreneurship offers our government the option to create more employment opportunities for its citizens. There are plenty of challenges that face an entrepreneur in our country but with the correct strategies at hand, we can overcome the challenges. The alleviation of such problems will create an ample environment for the thriving of entrepreneurship.

The Way To create a Brand is no way different from founding your business. It takes time. Gradually you can create Brand Equity. Brand equity is the differential effect when consumers react more favorably to a brand than to a generic or unbranded version of the exact same product. Whenever we think of buying a mobile phone the very first name strikes us is - the iPhone. Ask why? It's because of comfort and authenticity delivered by iPhone to its users.

Apple throughout their years of research and experience has created a state in our mind of ultimate luxury and comfortability in utilizing their products. There can be a few more similar products of others in line with Apple iPhone and might be superior to that, but the identity of iPhone gives it the edge over others- regardless of what the cost tag is. This edge is the Brand Equity.

Among-the many advantages of becoming an entrepreneur, 5 were directly responsible of my jump from a safe and secure job to my entrepreneurial adventure. Four of these advantages may be summed up in one word: Freedom. The fifth one is, according to me, the most significant benefit of becoming an entrepreneur.

The very first as well as maybe most obvious reason why I started to dream about becoming an entrepreneur was money. You see, I grew up being told that I had to study long and difficult to get a great, secure and well-paid job. So I ended up having a bachelor degree as well as a master degree, ready to receive the all of the hard earned money I thought my academic degrees would get me. After all, I studied long and hard and accumulated huge student debts during the process, I would obviously be gratified with a good salary, right? Wrong! As I got into the market, I soon realized that some friends with basic secondary school were paid nearly around I was! Even worse, they got out of school 6 or 7 years before me so they did not have debts and were able to accumulate a fair total amount. I realized that basic demand vs. offer was far more vital to get well paid than a master degree. This is when I began to read about all the advantages of being a entrepreneur. I did not take me too much time to recognize that almost if not all of the really rich people were entrepreneurs. Many had college degrees, many didn't. The only essential point were their capability to identify market demands and to answer these demands with great value. If I could rapidly provide the market enough value, in enough quantity, to answer its needs or wants, I would get rich. I would get out of debts far more quickly than by holding on navigate to this web-site a safe and secure job that would only get me a tiny raise annually. Getting rich quickly was the main benefit of being a entrepreneur that motivated me to quit my secure job. In reality, the only way to acquire more money by staying an employee could have been to get old! I could have changed the world, I wouldn't have matter to my boss... the only way to earn more was to get older. The benefit from becoming an entrepreneur is the fact that it will not matter that you will be 25, 40, or 60 years old or that you have a university degree or not. If you have a really brilliant idea, you will take advantage of it.