Statements like “income-generating project” reminds me of a civil servant who, having decided he is not making enough income at his job, embarks on a scheme such as raising chickens as a means of supplementing his income. As long as what he (or she) is doing does not interfere with paid full-time work, or use state time and resources, there is nothing wrong with it.
If, however, he does it when he is supposed to be at work or, even worse, he starts to use state time, resources or even the power of his (or her) position to do this work, then it is all corruption! I’m sorry to be blunt. And if you feel offended, so be it!
How to move from “income generating project” to entrepreneur: You must have the courage to leave your job, and register a proper company.
That is when you become an “entrepreneur”. You are now “all in,” and ready to take the “full risk”.
Most importantly, it will unleash the energy and innovativeness you never imagined you had!
If you need the insurance and security of a job, you are missing the key ingredient of what propelled the people who get to the top of the game. Yes, you might even make good money, and even live a good life (materially speaking) but you will miss out on the real rewards… The chance to move from being an amateur to a professional player!
Now I’m not guaranteeing that you will not fail completely. As I have told you before, there is a “language” to every game. In the game of entrepreneurship, we do not ever use the term “project” to refer to a business. Or “income-generating” or “value add”. Use those kinds of expressions in front of a venture capital investor, and they will switch off completely!
“In soccer, a penalty is not a free-kick, even though it is a free-kick”. A real soccer fan would call you a clown if you referred to a penalty as a free-kick!
It’s time to go Professional, and become an entrepreneur!
Credit: Strive Masiyiwiwa