The Entrepreneurship Campus is an activity within the framework of the UNESCO Global Action Programme (GAP) on Education for Sustainable Development (ESD)

Advice for Young Entrepreneurs

Entrepreneurship Campus

Here’s another selection of motivational advice and quotes taken from Brains versus Capital by Guenter Faltin. The content of our free online training comes from Faltin’s bestselling book “Brains versus Capital”.

  1. “Problems are a wonderful hook to develop ideas for their solution. For beginners: while most people are annoyed when it starts to rain, the entrepreneur says: now is the best time to sell umbrellas.
  2. “In an information society capital is found in people’s brains, and only secondarily in the bank.”
  3. “We have argued that the process of developing an entrepreneurial design is similar to composing a piece of music; it is a process in which you continue to hone, polish and refine until everything is in tune and every false note has been eliminated…..I’ve chosen the figure of the composer because successful entrepreneurs often don’t invent anything new, but rather take things that already exist and recombine them in a different way, that is, they assemble existing components to create something new.”
  4. “Sometimes it’s necessary to make a radical break with familiar ideas. Until about 1890 all attempts to fly were based on observing birds in flight and devising constructions that imitated the flight of birds, that is, apparatuses with movable wings. The breakthrough for flying came about very differently, with fixed wings. It was fixed wing construction that succeeded in working with either pull (propellers) or later with push (jet engines).”
  5. “The old question was, ‘What do I need to establish my company and organize it successfully?’ The new question is, ‘What new thing can I compose out of modules that already exist?’
  6. “The principle is ‘Get big, but remain small.’ This is the advantage of making use of large, efficient units without having to establish and operate them yourself. Your company grows, but the core activity that you control remains small, and thus coherent and manageable.”
  7. “You should choose a memorable name that is as simple as possible and not let yourself be dissuaded too quickly by statements like “That won’t work” or “There’s one like that already.”
  8. “Today the belief that size and efficiency alone are sufficient has faded. Companies of a certain size are no longer agile enough for many processes. In contrast, attention is turning to small, flexible units. Today’s entrepreneur doesn’t need much more than a laptop and a cell phone.”
  9. “Don’t give up your day job, your old occupation, until your own idea concept proves to be sound and sustainable. Wait for your concept to prove itself.”
  10. “Never have the conditions for successfully implementing one’s own ideas been as favorable as they are today. Modern markets, contracted services, and the Internet make it possible for small companies and one-man/one-woman businesses to become viable market players with calculable financial outlays.”

If you feel motivated and you have an idea or project join the Youth Competition, the Tourism Competition, or the General Competition.

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10 Comments

  1. Adeyemi Gbenga

    10.05.2019 · Reply

    Am inspired

  2. It feels as though you knew my issues and were talking to me personally. An eye opener for me.

  3. I’m very inspired. I already submit my idea and I wait for comments and voting. Thanks.

  4. Great inspiring advices, thanks!

  5. As a young entrepreneur, I feel your deam must live beyond what you see on the surface. You start a business to last into the long distance future….your goals and vision should be long lasting. Mesuring your successes based on trust from would be customers.

  6. Great to see that youths from all nations of the world are driven towards a common cause, ”Empowerment of the Youths”; this is great and with a collective force the world can now see us as active players in the transformation of our own new world. Remember, we are valuable assets of the future and should not be left out of future plans. “Indeed, work for or Towards IT!”

  7. I am sometimes confused why is it that leaders of the world or governments have good plans for the future sustainability of the world but sometime forget that the assets they are trying to protect are not the rivers, minerial deposits, forests, roads, etc….how useful will these be if the future generations are not impacted for a change or marginilized or excluded….don’t rule out the youths, we all have equal rights to positively impact our lives…..thanks to the The Youth Citizen Entrepreneurship Competition for letting the world know what matters most.

  8. Nice read. Do vote for my idea guys “THE PITCHING APP”
    1.click on my name
    2. View my profile read about my idea and drop comments
    3.vote for my idea guys.
    I really want to share my idea with the world and bring it to life.

  9. Ephraim Ali Abutu

    24.05.2019 · Reply

    Practically speaking, this competition is not just organized to empower young innovators but to also educate and guide budding entrepreneurs on how to think creatively and be an ardent observant in their various environments and turn their ideas into global want program. All these I have learned from participating in this competition. And also, taking part in the Campus Online Lessons, it was impactful and educating. I urge all young leaders to go to the campus online and take the lessons.

  10. I am truly inspired and motivated

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Timeline 2019

March 18, 2019
Competition launch.
Entries are welcomed
May 15, 2019
Voting & commenting begins for all
July 31, 2019
Deadlines for entries
August 31, 2019
Deadlines for votes & comments
September 5, 2019
10 finalists announced in both categories
September 5, 2019
People’s Choice Prize winners announced
September 15, 2019
Deadline for receipt of videos from finalists in both
categories
October 5, 2019
Deadline for Panel of Judges’ selection of the winners
October 19, 2019
Winners announced at Entrepreneurship Summit in Berlin

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