The Entrepreneur and Business Opportunities
Senior 4 · Entrepreneurship
The Entrepreneur and Business Opportunities
Lesson 1 of 3
20 min
Give two people the same 200,000 Frw, the same market and the same month. One of them turns it into a small, growing business; the other loses it and concludes that “business is not for me.” It is comfortable to call the difference luck, because luck asks nothing of you. But when researchers study large numbers of entrepreneurs, the same handful of behaviours keep separating the ones who last from the ones who fold — and behaviours, unlike luck, can be named, measured and trained.
At Advanced Level you are past the point of simply listing “good qualities.” This lesson gives you the formal framework the syllabus is built on — the ten personal entrepreneurial competencies — and then the deeper thing underneath them, the mindset that decides how you use them. You will finish by scoring yourself honestly, because the point of the framework is not to admire it but to find the two habits you most need to build this year.
Before any definitions, watch what one person actually does. Habimana lives near Musanze. He noticed that three restaurants on the main road buy their eggs from a supplier in Kigali, which means the eggs arrive a day old, sometimes cracked, and often short of the number ordered.
Here, in order, is what he did about it.
He went and asked. He visited all three restaurants and asked each one a plain question: how many eggs do you buy per week, and at what price? The answers were 300, 250 and 200 — about 750 eggs a week — at 120 Frw each.
He tested small before committing. He did not borrow to buy 500 hens. He bought 50 point-of-lay hens, worked out that at their peak they would lay roughly 45 eggs a day, and ran that for six weeks to see whether the restaurants would actually buy from him rather than just say they would.
He set a clear target. He wrote it down: supply 500 eggs a week within three months, then decide whether to expand.
He worked the numbers and kept records. He calculated that feed, vaccines and a share of the hen cost came to about 75 Frw per egg. Selling at 120 Frw, each egg contributed 45 Frw. He wrote every delivery and every cost in a notebook.
He kept his word. In week four two hens died and his own supply fell short. Rather than deliver less than the number agreed, he bought the missing eggs from a neighbour at a higher price, took a smaller profit that week, and delivered the full order on time.
He protected quality. He wiped every egg, graded them by size, and never once delivered a cracked one — which is exactly what the Kigali supplier kept doing.
He held on through a bad stretch. A Newcastle-disease scare in the district frightened buyers for a month. He vaccinated, kept explaining to the restaurants what he was doing, and rebuilt.
Seven behaviours, seven decisions. Now they get their names.
First, the word itself. A competency is not just a skill. It is a combination of knowledge, a skill, and an attitude that together produce a result. Knowing that eggs sell (knowledge) is useless without the skill to raise hens and the attitude that gets you out of bed to deliver them.
Researchers grouped the ten personal entrepreneurial competencies into three clusters. Learn them by the cluster, not as a random list — the cluster tells you what each one is for.
Notice that calculated risk-taking sits in the achievement cluster, not on its own. That is deliberate: risk is not the goal, the result is. You take exactly as much risk as the result requires and no more.
The ten competencies are what an entrepreneur does. A mindset is the habitual way of thinking that decides whether they do it at all — the lens through which they read a situation. Two people can have identical skills and read the same event in opposite ways.
Opportunity focus, not problem focus. A power cut happens. One person sees an inconvenience and waits for it to end. The other sees that dead phones mean no mobile money, and starts charging phones for 100 Frw. Same event, two lenses. The entrepreneur trains the second lens until it becomes automatic.
A growth mindset, not a fixed one. A fixed mindset says “I’m just not a numbers person,” and stops. A growth mindset says “I can’t do these calculations yet,” and learns them, because it treats ability as something built rather than issued at birth. Every competency in this lesson assumes the growth version — if traits were fixed, there would be nothing to study.
Initiative and comfort with uncertainty. An entrepreneur acts before all the facts are in, because all the facts are never in. The discipline is not to wait for certainty but to act in steps small enough that being wrong is survivable — which is calculated risk-taking again, seen from the inside.
Failure as information. When Habimana’s two hens died, he did not read it as proof that he was not cut out for business. He read it as data: buy a small buffer stock, keep a reserve supplier. A failure that teaches you something is not a loss; it is a fee you paid for a fact.
Self-assessment is worthless if you flatter yourself, so tie every score to evidence. Rate yourself from 1 (not me) to 5 (strongly me) on each of the ten competencies, and for each one force yourself to name something you actually did in the last year. If you cannot name it, the honest score is low.
The maximum is 10 × 5 = 50. But the total is not the point. Circle your two lowest scores — those are your development plan. Against each, write one small action for this term. If information-seeking scored 2, commit to interviewing five real customers before your next idea. If persistence scored 2, choose one hard task, write down the date you are allowed to stop, and do not stop before it.
Tip
Hold the three clusters with one line: you Achieve the result, you Plan the route, and you use Power to move people and yourself. Achievement, Planning, Power — and the achievement cluster is the biggest because doing beats intending.
In the exam, when a question says explain a competency rather than list it, always attach a concrete action. “Information-seeking: Habimana asked three restaurants their exact weekly egg orders before he bought a single hen” earns the mark. “Information-seeking: finding out things” does not.
Answer each one before reading the solution underneath.
A tailor writes in her diary: “By the end of this term I will be sewing and selling 40 school shirts a week.” Which competency, and which cluster, is this?
Answer. Goal-setting, in the planning cluster. It is specific (40 shirts), measurable, and dated (end of term). A vague wish such as “I want to sew more” would not count — a goal you cannot check is not a goal.
Which of these is calculated risk-taking, and which is a gamble? (a) Niyonzima bakes 40 doughnuts, sells them at one school for a week to measure demand, then decides whether to scale up. (b) Niyonzima borrows 800,000 Frw at interest to open a bakery, having never sold a doughnut.
Answer. (a) is a calculated risk: the most he can lose is one week and a small ingredient cost, and he ends the week owning a real number. (b) is a gamble: he has bought no information, and he cannot survive being wrong because the loan must be repaid either way. The professional move is to do (a) first, then decide about (b).
Habimana’s hens fall short one week, so he buys eggs from a neighbour at a higher price and delivers the full order on time at a smaller profit. Name the competency and explain why it is also good business.
Answer. Commitment to the work contract. It is good business because a restaurant that can rely on him will keep ordering and will recommend him; one short delivery to save a little money could cost him the whole account. Reliability is the product he is really selling.
You score yourself and get a total of 38 out of 50, with your two lowest marks being information-seeking (2) and persuasion (2). What should you actually do with that result?
Answer. Ignore the 38 — it is not the useful part. The two 2s are. For information-seeking, commit to interviewing several real potential customers before your next idea instead of guessing. For persuasion, practise asking directly for one thing you want this term, such as a standing order or a stall space. Strengths look nicer on the page; weaknesses are where the growth is.
In two or three sentences, explain the difference a growth mindset makes to an entrepreneur who is weak at figures.
Answer. A fixed mindset treats “I’m bad at numbers” as a permanent fact and hands the accounts to someone else, or avoids them — which is how businesses quietly run at a loss without the owner noticing. A growth mindset treats it as “not yet” and learns to read basic costs, revenue and break-even, because those are learnable skills, not gifts. The second entrepreneur ends up in control of the one thing that decides whether the business survives.
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What to remember