Entrepreneurs are the backbone of the economy. I agree there are hundreds of entrepreneurs who've failed.But there are even more dissatisfied employees and in Kenya,even more unemployed.We still need them to create jobs.

Care to share more

Society and culture greatly affect the rise of entrepreneurs.Cultures that promote and reward risk takers nurture a variety of successful individuals not only entrepreneurs.

One problem in Kenya is we stigmatize individuals who fail on their first attempts to entrepreneurship even though I have never had of someone who tried and did not learn something from it.

Our culture designates the role of entrepreneurs to the rich and powerful.I have nothing against the rich.Problem is they are comfortable and out of touch with the common man so innovations that reach the common man will be less and less.Another thing is the common man doesn't have access to as much resources,though this doesn't always hold them back to achieve greatness.

Culture is not stagnant.It should evolve.When we start appreciating and rewarding the entrepreneurial spirit at both spectrum's then we can have our youth growing up thinking of bettering this country and its economy. You have a problem in a country when the youth want to grow up to be corrupt because those are the role models that they see being idolized.

Update the Saturday after this.Biased on ethics.

At this point it is important to introduce a new framework.I shall use it as an example.The framework is S.M.A.R.T. and is used as an aide to develop objectives.

Framework purpose:
Development of objectives.

Framework components:

S - Specific

As it implies,it should be unambiguous and particular.This is an important component as it breaks down the objective(s) into manageable goals.Objectives and goals are usually interchangeable but in this case,goals will be subservient to objectives.Objectives will give the purpose and the goals will address the details.

Goals in essence try to answer the 'How' of an objective by adressing the 5 W's - Who,What,Where,Which and Why.e.g. who will do what,what needs to be done,where will it be done.By attempting to get details concerning these questions one can develop specific goals to support the underlying objective.

M - Measurable

What gets measured gets done - Peter Drucker.You need to incorporate a way to track progress of your objectives and goals.Quantitative items,which can be measured with quantities are easier to handle e.g.getting a minimum of 30 clients.Qualitative items pose a challenge e.g. raising customer satisfaction levels.Though this should not dissuade you.Customer satisfaction can be measured against previous complaints and suggestions.


A - Attainable/Achievable

This concerns the feasibility of an objective and its goals within the available resources.Thus,it is very subjectivity as how one utilizes the resources before them can have different results.What one person might consider feasible is not what another person will.You should be realistic about your expectations.

Resources refer to anything you might need to achieve your objective and might include time,capital,expertise and so on.If need be acquire the necessary resources or redefine your goals and objectives to reflect your situation.It is not an enemy of dreaming big,but a challenge of how you will make it work.

R - Relevant

Your goals can be very specific,measurable and attainable but completely irrelevant.Relevancy is determined by how the goal contributes to achieving the objective.If it serves no purpose scrap it.

T - Time-bound

It focuses on the sixth W,when.Time is money so allocate and account for it wisely.With this in mind your goals should be time-bound as it will also help being more specific,track progress and account for the most important resource we have,time.


Now let's use this to redefine our current objective.