How do I become an entrepreneur?

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Answered by: Neil, An Expert in the Become an Entrepreneur Category
Why would you want to become an entrepreneur?

Some people dream of freedom. Freedom from bosses, co-workers, schedules. The freedom to decide on your own terms how you’re going to spend your days.

Some people dream of money. A normal everyday job is only ever to going to provide for a normal everyday life. If you want more than that, to enjoy travelling the world, having the best food and the nicest cars and houses, you have to do something out of the ordinary.

Not everyone fits into the system. Maybe you didn’t do well at school or get into the best university. You want a chance to prove yourself just as capable as everyone else.

What are the steps you need to take to become an entrepreneur?

First you need an idea. This could be an old idea executed better than anyone else. You might set up a new cleaning business that’s cheaper and more thorough than everyone else in town. It could be a new spin on an old idea, like a cleaning business you can schedule using your smartphone. It could be a completely new idea, where you will be the very first to bring it to market.

Next you need a mentor. Ideally, this will be someone who has already made all the mistakes you are about to make for yourself, someone who’s been through the trenches and knows how to handle the emergencies. If you have someone you can ask for advice and guidance, rather than trying to figure out everything for yourself, your chances of succeeding are much higher.

After that you need some money. Some business are capital-intensive, needing a big loan to buy equipment and premises. Some are cheap and can be started from your living room with a laptop, but either way you need cash to get things off the ground.

A network is essential, and if you don’t have one you need to start building one right away. A collection of friends, colleagues and experts who can tell you what you need to know or put you in touch with somebody who can. Some of the best networks these days are online, where no matter what business you’re in, there are plenty of others in the same boat. If your business is doing well, word of mouth will spread and it all starts with your network.

Most importantly of all you need motivation and confidence. Not everyone is cut out to be an entrepreneur and you might face pressure from family, friends and colleagues to pack it in. But once you decide to make the leap, you face a hard path of long hours, gruelling work and stress. The rewards at the end of that path make it all worthwhile. and when you keep your goals in mind and work towards them with confidence and dedication you will have achieved something to be proud of. Not many people give something back to the world, but an entrepreneur has created something from nothing and enriched both himself and those around him.

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