Information: At this first stage being information the entrepreneur needs education in his choice area or interest. “Education” is a broad term that can have many meanings, but it is generally defined as the process of learning and acquiring information.

Formal learning in a school or university is one of the most common types, though self-teaching and so-called “life experiences” can also qualify. Communities around the world place a high value on educating people of all ages, whether formally or informally. It is widely believed that constant exposure to new ideas and skills makes people better workers, thinkers, and societal contributors.

Reformation: This second stage strives to encourage improvement through a continual informing mindset and with practical follow up. For knowledge when not practice lies in the grave of the dead; meaning: it is as bad as being dead.

Therefore reformation generally, is to improved form or condition; to restore to a former good state, bring from good to best; to change from very good to excellence; to amend; to correct; to adjust. So reformation encourages continuity and improvement.

Transformation: This third stage shows individual state of expertise as an entrepreneur. It is the stage that tells you have mastered the act of being an entrepreneur and has undergone experiences of all processes involve in being an entrepreneur both of success and failure, good and bad, fair and unfair and also of life and death of business.

Leave a Reply

Your email address will not be published. Required fields are marked *