5 reasons why to become an entrepreneur and 5 reasons not to.
The pull to be an entrepreneur is enormous. Sometimes the romance of where you could be can distract you from what you have to do. Here are just a few contrasting realities to consider before you launch yourself into the world entrepreneurship.
• I want to be independent – versus – I work 24 hours a day, even if I am not in the office my head is full of my business.
• I want my own business to make money – versus – I have no accessible funds they are all tied up in my business.
• I am deeply inspired to become an entrepreneur – versus – If it all goes wrong my business will be harder to sell than I think.
• I want to work towards a higher purpose to create something unique – versus – I am responsible for all aspects of my business. [Read more...]
Are you asking me – would I become an entrepreneur?
Never give up
Be prepared to take knockbacks in your stride. Every mistake you make be sure to learn from it. Making a mistake does not necessarily mean that it’s time to throw in the towel. You are underway in your market research and your first feasibility studies. You are exploring your product/service and how your potential customers will respond. Keep going and if your plan doesn’t look right then rectify it. Entrepreneurship is a long haul journey and the learning curve is always steep.
Entrepreneurship starts with an attitude of mind – embrace competition
Entrepreneurship is not feeling defeated by someone who is doing what you want to do. Be inspired by these entrepreneurs and use them to learn from. After all they are doing what you want to be doing. They have started their own business and are running their own business.
And now for the risk factor
Risk is a chance or possibility of loss or bad consequence. “Oxford Dictionary” [Read more...]