MRDC BLOG

Welcome to June, 2010. In this month, MRDC-YEN (Young Entrepreneurs Network) will be celebrating 12 months of successfully impacting young entrepreneurs in Nigeria.

To crown this celebration, a conference will be organized for young and aspiring entrepreneurs. This conference will launch participants to new levels of business success. The conference will teach you how to work SMART instead of  HARD through the POWER OF EXECUTION .  Come to think of it, could this make life or work  easier?

You know, I have heard people like Rwanda’s president, Paul Kagame affirm that ‘entrepreneurship is the surest way to development’ and support for this perspective is heading for the clouds. If this is true, why are our entrepreneurs (both practicing and potential) not really ‘progressing’ and why are their activities not really impacting our economy?  Could this be related to ‘failure to LAUNCH’ on the part of the potential entrepreneurs or is it due to the Country’s entrepreneurial climate or poor execution?  What’s your opinion? Do you think there’s something our young entrepreneurs are missing that if possessed would go a long way to change the face of entrepreneurship in the country or are there some undefiable factors that are suppressing their efforts? What could be wrong?

Let’s get talking. Please share your perspective?

‘’Through wisdom a house, organization, company is built, and by understanding it is established, and by knowledge the chambers/house/company shall be filled with all precious and pleasant riches”

-          Proverb 24: 3-5

Everyone is one way or the other into building something, its either you are building a career, a business, an organization, a family or about to start building. In other words, you are engaged or about to be engaged in a choice of whatever you have chosen for yourself e.g. what to do and how?

If this is true, then you need to know what to do and how to do it accurately in order to bring increase. The pattern to building accurately is embedded in the above quotes- you need wisdom to build, understanding to establish and knowledge to attract and retain resources, riches, profit  and wealth(human and financial)

I believe everyone will want their business, company to be established and profitable. Then let us take these points one by one.

WISDOM: From the dictionary,

Wisdom is the ability to discern or judge what true, right or lasting insight is.

The quality or state of being, wise knowledge of what is true or right coupled with just judgments as to action sagacity, discernment or insight.

Wisdom is a deep understanding of people, things, events or situations resulting in the ability to choose or act to consistently produce the optimum result with a minimum of time and energy.

Wisdom is the ability to optimally (effectively and efficiently) apply perceptions and knowledge and to produce the desired results

Wisdom often requires the control of one’s emotional reactions (passions) so that one’s principles, reason and knowledge prevail to determines one’s actions

From these definitions of wisdom, we can see that wisdom gives us the ability to effectively and efficiently apply what we know and understand for maximum result.

If that is the case we then require three major things for us to operate in wisdom

• Knowledge
• Understanding
• Solid character (control of emotion in order to act accurately)

The question then is- Do you have all of these embedded in you?

Masterpiece Resource Development Centre (MRDC) Is a faith-based organization that is commited to Africans so that they can create and maintain business that will reduse unemployment and poverty in the continent. Our vision is to be the foremost centre for the development of young entrepreneurs in africa. We are set to discover, develop and deploy successful entrepreneurs for accelerated national development. We have over a few years offered trainings and workshops to young Nigerians who have used the information from these trainings and workshops to start or expand their own businesses. We are alos commited to promoting the philosophy of corporate entrepreneurship. Hence we train employess to exhibit the entrepreneurial attitudies of vision, passion, courage,daring, creativity, ingenuity and commitment in the workplace in order to enhance their performance and the growth of their performance and the growth of their organizations.?

Every member who belongs to the Network shall conduct his/her business with the highest ethical standards conforming to the laws of the land. Any member who is found to have knowingly and willfully flouted the norms of good conduct is liable for disciplinary action including expulsion from the membership of the Network.

Rights and Obligations of Members
1.    All members shall agree to abide by the Rules and Regulation of the Network including alterations, amendments and changes
2.    Every member shall submit to the YEN Coordinator also serving as the Network’s Coordinating Secretary information and data about their business including financial statements, required from time to time for collating reliable economic and statistical data of members for the effective running of the network. Such shall be kept confidential.
3.    Annual membership of the club shall run from July 1st, of any year up to the 30th June of the following year with annual subscriptions being required to be paid before or immediately after that date. Persons not paying their annual subscriptions will be deemed to be members for the following year, without normal Network privileges or until such time as a written letter of resignation from the member is received.

Disciplinary Procedure
Where in the opinion of the Steering Committee, the conduct of a member has been prejudicial to the interests of the Network; the Committee shall, after due investigation and having given fair hearing to the member, refer the matter to a Sub-Committee of the Network which shall comprise two members of the Steering Committee and four other members appointed. The member whose conduct is in question shall be called upon to give within 14 days his/her defense against alleged misconduct. Such notice shall set out briefly the grounds on which the conducts of the member has been called in question. After hearing such member, if the Sub-Committee is of the opinion that the member’s conduct has been prejudicial to the interest of the Network, it may resolve to initiate appropriate disciplinary measures against the member, including expulsion

Delisting of Name
Upon expulsion of a member by the Network, the name of such member shall be removed from the register. The member shall be notified in writing accordingly. An expelled member shall not be eligible to rejoin the network until after a period of three years.
The names of delisted members may be disclosed to appropriate authorities upon request.

Resignation of Members
Any member wishing to resign from the network shall give a two months’ notice in writing to the YEN coordinator. Any member so resigning shall cease to enjoy the privileges of membership of the network.

A member so resigning may later apply to the network for re-instatement and the Steering Committee shall consider such application on its merit and may at its sole discretion approve or reject it or impose any conditions it may deem necessary for re-instating the member.