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How do I go about being a successful entrepreneur?

#entrepreneur #entrepreneurship

entrepreneur entrepreneurship
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+25 Karma if successful
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Ken’s Answer

That is a very good question. Here are some steps

  • get to know yourself well enough to determine which career areas are best suited for you based upon your personality traits, so that you can determine which type of business in which to become involved
  • start by working in a successful business that is of the type for which you matched and become the best employee that you can be. Over the years I have seen many people who have followed this route have had the business handed over to them when the owner decided to do something else or became a major player in the business. The advantage of working with someone whose business is successful is that you do not have to make the mistakes that a new business owner makes along the way
  • If you are interested in knowing what is involved in starting and running a small business, you can do a google search for "Service Corp of Retired Executives". This is a part of the Small Business Administration make up of retired executives who will provide free consultation and workshops to those involved in small businesses. Their site is SCORE.ORG which you can visit to get started and they have offices in many cities across the US.

However, the first step is getting to know yourself better.

Ken recommends the following next steps:

Getting to know yourself and how your personality traits relate to people involved in various career opportunities is very important in your decision making process. During my many years in Human Resources and College Recruiting, I ran across too many students who had skipped this very important step and ended up in a job situation which for which they were not well suited. Selecting a career area is like buying a pair of shoes. First you have to be properly fitted for the correct size, and then you need to try on and walk in the various shoe options to determine which is fits the best and is most comfortable for you to wear. Following are some important steps which I developed during my career which have been helpful to many .
The first step is to take an interest and aptitude test and have it interpreted by your school counselor to see if you share the personality traits necessary to enter the field. You might want to do this again upon entry into college, as the interpretation might differ slightly due to the course offering of the school. However, do not wait until entering college, as the information from the test will help to determine the courses that you take in high school. Too many students, due to poor planning, end up paying for courses in college which they could have taken for free in high school.
Next, when you have the results of the testing, talk to the person at your high school and college who tracks and works with graduates to arrange to talk to, visit, and possibly shadow people doing what you think that you might want to do, so that you can get know what they are doing and how they got there. Here are some tips: ## http://www.wikihow.com/Network ## ## https://www.themuse.com/advice/nonawkward-ways-to-start-and-end-networking-conversations ## ## https://www.themuse.com/advice/4-questions-to-ask-your-network-besides-can-you-get-me-a-job?ref=carousel-slide-1 ##
Locate and attend meetings of professional associations to which people who are doing what you think that you want to do belong, so that you can get their advice. These associations may offer or know of intern, coop, shadowing, and scholarship opportunities. These associations are the means whereby the professionals keep abreast of their career area following college and advance in their career. You can locate them by asking your school academic advisor, favorite teachers, and the reference librarian at your local library. Here are some tips: ## https://www.careeronestop.org/BusinessCenter/Toolkit/find-professional-associations.aspx?&frd=true ## ## https://www.themuse.com/advice/9-tips-for-navigating-your-first-networking-event ##
It is very important to express your appreciation to those who help you along the way to be able to continue to receive helpful information and to create important networking contacts along the way. Here are some good tips: ## https://www.themuse.com/advice/the-informational-interview-thank-you-note-smart-people-know-to-send?ref=recently-published-2 ## ## https://www.themuse.com/advice/3-tips-for-writing-a-thank-you-note-thatll-make-you-look-like-the-best-candidate-alive?bsft_eid=7e230cba-a92f-4ec7-8ca3-2f50c8fc9c3c&bsft_pid=d08b95c2-bc8f-4eae-8618-d0826841a284&utm_medium=email&utm_campaign=daily_20171020&utm_source=blueshift&utm_content=daily_20171020&bsft_clkid=edfe52ae-9e40-4d90-8e6a-e0bb76116570&bsft_uid=54658fa1-0090-41fd-b88c-20a86c513a6c&bsft_mid=214115cb-cca2-4aec-aa86-92a31d371185&bsft_pp=2 ##
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Irene’s Answer

First make sure that whatever you decide to do it is something that you have a passion for. Nothing like investing your time into something that you are not interested in. Secondly once you figure out what exactly it is that you want to pursue, put a plan in place dependent on the kind of field it is you are looking into. Ask yourself, who is my audience? How do I grow my business? What is something I can do once a day to contribute to its success? Im currently one year into being an entrepreneur and I promise you it isn't something you will figure out overnight. More ideas will come the more you invest your time into it. I find that when you have a passion for it, it becomes easy and not a chore. You will willingly try to better your business without forcing yourself and it will just come naturally. Remember also that it takes a lot of time and a ton of patience! There will be many times when you will second guess if its even worth it and at the end of the day it always is. Patience with the growth and success of your business and patience within yourself. Good Luck, I hope I could help!
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Camille’s Answer

I think to become a successful entrepreneur you have to be 150% determined and most importantly, well balanced in your personal life. Your entrepreneurial project will take you 24/7 of your time so you have to know what are your priorities and what brings is the balance in your life.

You have to be passionate about your topic, meet as many people as you can meet related or not to your topic but just in order to gather as many feedbacks as you can. A successful entrepreneur is someone who is going to ask himself to right questions, listen to feedbacks given to him in order to make his idea evolve and pivot as many times as needed.
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G. Mark’s Answer

I'm going to give you the essential ingredient. That's to write a business case. It may sound boring, but it's actually the coolest step. You need to put your plan into words so that you and others can understand what you're going to do. The business plan is necessary to get any sort of help or advice to realize your goal. You describe the problem you're intending to solve, why it's important, why people would want it, what you'll need, and why this is the time to do it. This is essential to get funding -- either from "angel" investors, venture capitalists, and/or friends and family. It'll also allow you to examine your plan to convince the most important person -- you. If you can't do that, this is the litmus test to show you that you have more work to do before starting anything else. You'll be adding details about what can go wrong, what sorts of people you'll need on your team, what you planned schedule is, the funding you'll need over time. There are all sorts of guides for fleshing out a business plan on line, but starting on that is JOB NUMBER ONE. And writing it and reading it over and thinking of stuff to add, imagining how it will be when you do each step -- that should be the motivation you need as well as a great confidence builder for you and everyone you'll be depending on. Communication is essential for a business, and it's always made my experiences in startups a lot easier when the team stays "charged up".
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Kendrall’s Answer

After working in the startup world, my recommendations would be as follows:

-Gain experience in the field. Whether you're trying to define business processes for your business, understand your customers, define go-to-market plans, or get investor/partner commitments, you'll need to have experiences and credibility to lean on. If you've never done or gained experience what you're trying to sell, you won't have the perspective needed to succeed.

-Create friendships/mentorships/relationships that will enable you to learn and gain access to resources that are needed to be successful.

-Start small and grow your business as you prove different models. When you begin your business, you often have a grand idea of what you want to accomplish. However, as you try different approaches, you'll typically end up pursuing some different version of the business. Start small and do trials so that when you finally find your TRUE business model, you'll have the resources needed to grow.

-Invest wisely and build a team that is capable of doing what you need and one that you can TRUST - not friends. After all, you are putting your livelihood in their hands.
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Melissa’s Answer

Have Self Discipline and be persistent. Have a clear vision on your goals and wake up everyday with them top of mind and set detailed goals on how you will achieve them. Do not be afraid of failing, instead learn from it and keep going and find creative ways to achieve your outcome.
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Nada’s Answer

Hello Gierra!

It's exciting you're considering the entrepreneurial path right out of school! It takes courage, creativity, and a whole lot of hustle, but the rewards can be immense.

Here's some guidance to help you on your journey:

1. Nurture the Entrepreneurial Mindset:
* Embrace Curiosity: Always be learning, questioning, and exploring new ideas. The world is full of opportunities for those who are curious.
* Become a Problem Solver: Entrepreneurship is about finding solutions to problems. Train your mind to identify needs and think creatively about how to address them.
* Cultivate Resilience: Setbacks are inevitable. Develop the grit and determination to bounce back from challenges and keep moving forward.
* Embrace Risk (Smartly): Calculated risks are part of the game. Learn to assess potential downsides and make informed decisions.
* Build a Strong Network: Connect with other entrepreneurs, mentors, and potential collaborators. Surround yourself with people who inspire and support you.

2. Essential Skills to Develop:
* Sales and Marketing: Learn how to effectively promote your ideas and persuade people to believe in your vision.
* Financial Literacy: Understand basic accounting, cash flow management, and how to make smart financial decisions.
* Communication Skills: Master the art of clear and persuasive communication, both written and verbal.
* Time Management: Learn to prioritize tasks, manage your time effectively, and stay organized.
* Leadership: Even if you're starting solo, develop leadership skills to inspire and motivate yourself and others in the future.

3. Taking the First Steps:
* Identify Your Passion: What are you truly passionate about? What problems do you want to solve? Your business should align with your interests and values.
* Validate Your Idea: Don't assume your idea is great just because you like it. Talk to potential customers, get feedback, and refine your concept.
* Start Small, Think Big: You don't need a world-changing idea right away. Focus on solving a specific problem for a specific group of people.
* Create a Simple Business Plan: Outline your goals, target market, revenue model, and marketing strategy. It doesn't have to be a formal document, but it helps to have a roadmap.

4. Resources for Young Entrepreneurs:
* Mentorship Programs: Seek guidance from experienced entrepreneurs who can offer advice and support.
* Small Business Development Centers (SBDCs): These centers offer free or low-cost counseling, training, and resources for small business owners.
* SCORE: This nonprofit organization provides free mentoring and resources to entrepreneurs.
* Online Courses and Communities: Platforms like Coursera, Udemy, and Skillshare offer a wealth of knowledge on entrepreneurship.
Important Reminders:
* Continuous Learning: The business world is constantly evolving. Stay curious, keep learning, and adapt to new trends and technologies.
* Embrace Failure as a Learning Opportunity: Not every venture will be successful. Learn from your mistakes, adapt, and keep trying.
* Believe in Yourself: Entrepreneurship is a journey with ups and downs. Believe in your abilities, stay persistent, and never give up on your dreams.

Starting your entrepreneurial journey right out of school is a bold and exciting move. With passion, dedication, and the right mindset, you can achieve great things. Good luck!
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Jessica’s Answer

Talk to everyone around you, don't be shy to say hi! You never know who you're going to meet and it's always good to expand your network because you'll make great relationships that will be beneficial to you later down the line. I would also highly recommend finding a mentor who has created the results that you are looking for.
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