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Valuable entrepreneurial lessons we wish we would have learned in school


Imagine this: you’re a young individual in Rwanda, filled with dreams, aspirations, and a burning desire to make a difference in the world. You’ve been through the traditional education system, which has provided you with a solid foundation of knowledge but left you yearning for something more and you realize that traditional education often falls short in equipping us with the necessary entrepreneurial skills and mindset.

As you navigate the rapidly evolving world around you, you realize that the power of entrepreneurship is immense and has a lot of potential for personal and economic growth. These are some tips that you might learn to enhance your skills in entrepreneurship.

Embrace the power of what you have – Effectuation Theory

It’s all about using what you already have to create opportunities and drive entrepreneurial success. Instead of waiting for the perfect moment, we would have learned to identify our resources, our skills, knowledge, and connections, and use them creatively to shape our ventures. Effectuation theory teaches us to take action, experiment, and adapt, which helps us overcome the fear of failure and seize opportunities.

For example, an entrepreneur wants to start an online clothing store. Instead of waiting for a big capital to come their way, they can start with what they already have like their own wardrobe stylish clothes that they don’t use anymore, take good pictures of them and post them on their social media, create a website, and promote the clothing brand.

By utilizing their existing resources, they launch their venture and expand their products based on client demand and feedback.

Read also, How Rwandan Entrepreneurs Built Thriving Businesses on a Shoestring Budget

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Ignite your purpose and passion

Successful entrepreneurship is rooted in passion and purpose. Find what truly excites and motivates you. Identify a problem you’re passionate about solving or a cause that drives you. When you align your venture with your passions and values, it becomes easier to weather the inevitable challenges that come your way.


Embrace a growth mindset

Adopting a growth mindset is crucial for entrepreneurial success. Embrace the belief that your abilities can be developed through dedication and hard work. Embrace failures as learning opportunities and continuously seek personal and professional growth. With a growth mindset, you’ll bounce back stronger from setbacks and approach challenges with resilience and creativity.

Imagine you are a college student, and your end of year exams are approaching, you’ve been doing your revision but the courses seem very complex. In this case having a growth mindset would look like this; you embrace the challenge and instead of viewing it as a difficulty, you view it as a learning process and growth opportunity.

Read also: Is there such a thing as a growth mindset?

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Validate your idea

Before diving headfirst into your business venture, take the time to validate your ideas. Conduct market research to understand your target audience, their needs, and preferences. Seek feedback from potential customers and adapt your ideas accordingly. Validating your concepts early on saves time, resources, and helps you build a solid foundation for your entrepreneurial journey.

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Build a strong support network

Surround yourself with a supportive network of mentors, fellow entrepreneurs, and like-minded individuals. Seek out opportunities to network and connect with people in your industry. Their guidance, advice, and support can prove invaluable as you navigate the challenges and celebrate the successes of entrepreneurship.

More on networking;


Enhance your communication skills

Effective communication is essential for building relationships, pitching your ideas, and attracting customers. Hone your communication skills, both verbal and written, to clearly convey your vision and connect with others. Practice public speaking, storytelling, and active listening. Remember, being able to effectively communicate your ideas can be the difference between success and failure.

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Be a Continuous Learner

Never stop learning! Getting a diploma is not enough. Embrace a lifelong learning mindset and constantly seek new knowledge and skills relevant to your industry. Stay updated on market trends, technological advancements, and industry best practices. Invest in your personal and professional development through workshops, courses, and online resources. Being a continuous learner will keep you adaptable, innovative, and ahead of the curve.

Read also,


To end this, one of the most valuable lessons we can remind ourselves everyday is that failure is not a permanent setback but rather a vital learning opportunity. In entrepreneurship, setbacks and challenges are inevitable, but it’s how we respond to them that defines our path to success. Embracing failure as a natural part of the journey which allows us to learn, adapt, and grow, ultimately leading to greater resilience and innovation.

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