Become An Entrepreneur
If you’ve already made a decision to become an entrepreneur we’d like to welcome you to the big thinkers club! The future will belong to the job creators and business owners. But this is more than simply being your own boss. And it’s even more than just making yourself financially free. it is more about you doing something that creates value in the market place. If your focus is to provide value than you will stand a good chance at becoming a great entrepreneur.
As our world gets smaller and smaller, becoming an entrepreneur is a solid way of taking hold of the future. We said in an earlier post that creating your own business an brand building might not be as risky as a safe and secure job. Since the 2007 American crash, the job market has been increasing volatile while becoming an entrepreneur has become increasingly attractive. We’ve put this post together to give you a simple step process to making this goal happen.
Here we discover how to become an entrepreneur in 13 weeks or less.
Many people have found that the job they seek and the job they thought was waiting for them doesn’t really exist. Others have therefore come to the final conclusion that they’d rather create the type of job and the type of work they love. A business or job that fits within their own personal life vision and life goals. But what ever the reason you’ve decided to become an entrepreneur, you can most certain start basically today
So how do we actually create a business around the things we love? And how fast can we do it?
In order to succeed at becoming your own boss you must understand it will take hard work and dedication. I know this is pretty obvious but fear not. If you’re creating a business around something you love then being dedicated won’t be a problem at all. You’ll find that you’re willing to work that much hard because it is something you love. Something you’re interested in.
Moreover, you stand to learn more than you could ever imagine by starting and running you’re own business. Although you may feel that this is too hard, we believe this not to be the case. In theory at least. Most all types of business have already been created so no need for you to recreate the wheel.
Remember that passion and a positive attitude will set you apart to become an entrepreneur. Your mindset will be key. If you get into with the right mind set and focused goals you can make it happen. So take action! Don’t delay or procrastinate on your vision. Just do it and you will see that when you take the first step, the second step will appear.
The road has already been walked and they way to do it has already been set. Below are some proven strategies by “Action Trumps Everything – forbes.com” to becoming an entrepreneur in no time at all.
Paul B. Brown contributor
We have argued from the very beginning that everyone will need to develop entrepreneurial skills to thrive in the years ahead. Given how fast the global economy is involving and the number of jobs—and indeed entire industries—that are disappearing you simply have no choice.
And we have explored in depth the thought process you need to follow when dealing with all the uncertainty we now face.
* Determine your desire, i.e. you begin by figuring out what you really want to have happen. Then
* Take a small step toward finding or creating something that will allow you to capitalize on that desire. From there
* Learn from taking that small step.
* Build off that learning and take another step. Then
* Learn from that one…and so on
We believe that these elements will support a smart strategy for any new enterprise. The idea of taking baby steps might seem a bit counter intuitive, but there’s much to learn to become an entrepreneur. Keeping your tasks focused and small enough to do consistently every day will be the single determining factor of success.
Many entrepreneurs have a really big vision and really big goals only to take on too much at one time. Jumping all in is rarely ever successful. Risk management is an essential factor in any start up business. You can absorb losses more easily if you take smaller risks in the beginning.
This way of thinking will only create failure. Persistence and consistency will win you over in the long road. Try to keep your task simple, small, and easy to do every day. The way would look something like this:
Try – Fail – Try – fail -Try -success. You can see here that failing will probably be your biggest teacher to become an entrepreneur. Try again with the new information from failing and you will eventually succeed.
It’s a model that we call: Act. Learn. Build. Repeat.
We have taught this approach in our Just Start course (www.Just-Start.com). Tom McDonough (www.getappia.com), one of the participants in our course, has taken our ideas and built on it. He argues—and we believe him—that it is possible using this approach that anyone could develop an entrepreneurial mindset in 12 weeks. And he is in the process of creating a course of his own to show people how to do just that.
“Developing an entrepreneurial mindset is key to successfully managing one’s career in this time of rapid market change and the uncertainty it brings,” Tom says. “Yet many people aren’t cut out to be entrepreneurs in the sense of running their own business, so how can they develop the entrepreneurial mindset? The only way to develop it by doing―using the act, learn build repeat model.”
Here’s what we take from the underlying premise of Tom’s course.
1. Everyone is, or can be, expert in something. Or
2. Many of us can make things, or have ideas for a small service we could offer.
Given those two insights, the question is whether that thing, service or expertise is valuable enough that some group of people will pay you for it. If so, how do you get started and find those people? And how do you offer that expertise at a cost to you of less than what you get paid for it?
You might, for example, offer a course on Udemy.com. Or write a short manual and self-publish on Amazon. Or if it is a thing, you might produce it and sell it on eBay. And it doesn’t even have to be something you produce yourself. One woman we know has a nice side business inventorying and reselling old Cuisinart parts on eBay.
To Tom, it really doesn’t matter how big the idea could become, the key thing is to get underway to prove to yourself a) You can do it and b) whether you like the idea of starting and running something.
How might this work? It is not as hard as you think. To remain motivated Tom’s suggests you do this with a few friends who mutually commit to supporting each other. Each person:
- Determines an acceptable hourly wage for him/herself.
- Commits to creating a business that at the end of 12 weeks that:
- Runs on a couple hours of effort
- Yields profit equal to or exceeding the acceptable hourly wage
- Can be shut down easily.
And you get underway “asking the question what could I start that could, within 12 weeks, begin to generate a modest profit ($250/wk. or $1,000/mo.) Just enough to make you a believer,” Tom says.
At the end of 12 weeks you will have shown you can get a company up and running and can sell a product. You may not want to continue, but at the very least, you will know that you can take action and produce positive results.
Again, it doesn’t matter if there is only a small market for what you want to do. Tom is trying to help you prove to yourself that you can be an entrepreneur. To do that, you simply need to start a profitable business. Any size proves the point that you can do it. There is no reason to require that your first business be a blockbuster. Many successful entrepreneurs have failed multiple tiny businesses on the way to their success.
Think of this as learning exercise that will help you gain the skills you need to thrive in the years ahead, no matter what you end up doing. You can afford to do, because the stakes are low, i.e. they are within your Affordable Loss and because they are, you can have fun while you are learning.
We believe the mindset you’ll need in order to become an entrepreneur is Bold! You are the big thinkers that keep the economy moving. So long as you are creating value in the market place you are becoming a business creator. Your job is simple. Find a problem that the market place has, and then create the solution to that problem. You will do this by creating your own product or service to solve the problem.
However difficult the journey, your business will stand a high chance of making money if you follow these principals. Nothing will ever be guaranteed, however, we’ve set out to give you the tools to make it a high probability that you will succeed!