In other words, an entrepreneur is a person who can take an idea, whether it is product or service related and apply their aptitude, determination and courage to turn that concept into a reality, making it a viable product or service that people want or need.

Entrepreneurs also need resilience as failure is a very realistic norm in the world of entrepreneurship. Entrepreneurs should be willing to fail and start over again, taking the past lessons they’ve learnt to create new and improved ventures.

Entrepreneurship means different things to different people. Some people aspire to be technological giants like Mark Zuckerberg or Steve Jobs, the founders of Facebook and Apple respectively, and others have dreams of owning their own local takeaway or taxi service. The recipe for successful entrepreneurship encompasses the same values.

If you’re ready to enter the world of entrepreneurship, here are a few important tips:

• Entrepreneurship is hard work, so make sure it is what you want.
• Be passionate, persistent, and determined in reaching your goals.
• Always research, research, research! It increases your chances of success.
• Learn from other people’s mistakes especially those who are in a similar business.
• There is a creative solution to every problem, find it!
• Get advice from those who have done it already.
• Network with like-minded people.
• Do what you do best and outsource the rest.
• Don’t be afraid to try, it’s better to have tried and failed than to have not tried at all.