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Are you a Contemporary Entrepreneur?

By Brian Perkins, M.B.A.

Part 2 of 3

The Core Concept of Entrepreneurship

In the first article, I shared the history of

entrepreneurship. In this article, I will continue

by examining the core concept of

entrepreneurship.

The core concept of entrepreneurship is

discipline. A discipline that understands the six

dimensions of entrepreneurship: strategic

orientation, commitment to opportunity,

commitment process, control of resources,

management structure, and compensation and

reward system.

By understanding the six dimensions, a person

could gather the essence of entrepreneurship

and build their dream and vision around the

scope

of

effective

strategy

with

implementation.

The

discipline

of

entrepreneurship to build the six dimensions

starts with you. That’s right, you the individual.

The first test is your mindset mixed with a

special personality. You cannot teach, drive,

or provide initiative or ingenuity or

individuality. You cannot teach a mindset or a

personality. You cannot teach in the

classroom the lessons learned by starting a

company with nothing more than hope, and the

ability to talk a bank official into giving you a

loan. Do you have the discipline to be a

successful entrepreneur? Out of the six

dimensions, which one(s) is/are your

strongest? Which one(s) is/are your weakest?

Part 3 will examine further the characteristics

needed to become a successful entrepreneur.

Financial Literacy and Health

By Bridge McBride, M.B.A.

Part 2 of 3

In the last article we discussed how financial stress

can impact one’s health and how important to find

balance. With today's financial climate constantly

changing, the value of investing in one's ability to

obtain balance is vital. Financial literacy is just one

component and a worthwhile investment. Today’s

climate offers a variety of opportunities. One

opportunity can be to employ someone else's

knowledge, talents, and skills to achieve one's goals.

One expert is a financial wellness or literacy coach.

This person assists one with re-training one's mindset

to achieve goals and objectives more efficiently.

Examine how financial and life coaches can enhance

lifestyles. Just as coaches propel athletes to

greatness, the same can be afforded to individuals

desiring better health, lives, and opportunities.

If one has the ability to control money and its uses and

not allow it to control them that validates the climate

of one's environment (healthy or unhealthy). So how

important is a financial wellness coach in your

situation? Are you ready to take hold of your stress

and develop the mindset for balance and better

health?