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Entrepreneurship
​The fundamental definition of entrepreneurship involves initiating a business venture with the aim of generating a profit. Nevertheless, in today's contemporary era, the concept of entrepreneurship has evolved to encompass the pursuit of transforming the world by addressing significant societal challenges. With the emergence of the internet, entrepreneurship possesses the potential to instigate social change by introducing innovative ideas and producing services or products that positively impact individuals and tackle social issues. Entrepreneurship also presents an avenue for self-driven individuals to chart their unique career trajectory and income, as they work independently to create sought-after goods or services. This approach to earning a livelihood entails some degree of risk, yet it can yield remarkable rewards and enduring success.
5 Steps for a business
SCALE BUSINESS In this phase, your business has the capacity to expand independently of your direct involvement. You are progressing with its development at a Level 3.
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SIDE HUSSLE Currently, your business functions as a side hustle, and it hasn't reached the point where it can fully sustain your living expenses. You're in the process of building it up at a level 1 stage.
HIGH INCOME SKILLS At this point, your business is generating sufficient income to allow you to resign from your job and rely on it for your livelihood. You're in the process of developing it at a Level 2 stage.
INVESTING At this point, you can shift your focus towards investing, allowing your money to start working for you. This represents the highest level of business.
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GET A JOB Employment holds significance as it provides you with the necessary funds to initiate a business, enables you to meet your financial obligations, and ensures the safety and well-being of your family.