Entrepreneurship

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An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market. Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities. Entrepreneurship that fails results in losses and less prevalence in the markets for those involved. KEY TAKEAWAYS A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit. Entrepreneurship is highly risky but also can be highly rewarding, as it serves to generate economic wealth, growth, and innovation. Ensuring funding is key for entrepreneurs: Financing resources include SBA loans and crowdfunding. The way entrepreneurs file and pay taxes will depend on how the business is set up in terms of structure.

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What is coaching?

Coaching is process where a coach partners with a client in a thought provoking and creative process that inspires them to maximize their personal and professional potential. Ok that was a bit formal, to simplify it, coaching is when you have a coach guide you through conversation that helps you identify what challenges you want to focus on and the coach helps guide you towards finding answers. The important thing to note is that the coach will not tell you the answers or find the answers for you. What the coach does is guide you through a "thought provoking" process where you discover the answers yourself.

What topics can I bring to a coaching session?

You can bring just about any topic to your coaching session, depending on the purpose or the goal of your coaching. what is always important before committing to a coaching program or session is to thing about what is your goal for the coaching, what do you want to get out of it? The key question to ask yourself is "If the coaching session is successful what outcomes will it have?"

How long is the coaching session?

A coaching session can be as long as you and the coach agreed depending on what you are addressing. The normal coaching session range between an hour to an hour and half.

Can anyone be coached?

Yes anyone can be coached, what is important is for the person to be "ready to be coached." That means being willing to open up, be vulnerable and prepared to discuss the challenge you want to address. Sometime you might not be ready to talk about a situation and that is ok. That is why its important to ask yourself how ready are you to tackle the issues that you want to tackle in a coaching session

What do I need to look for when choosing a coach?

The important consideration when choosing a coach is chemistry, it is always advisable to have a "chemistry session" with a coach before making any commitments. In the chemistry session, you want to check if you are able to connect with the coach. You also want to learn more about the coach, their experience, their coaching approach and style, what you can expect from him/ her. So these are some of the questions you can ask in the initial chemistry session.

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