Giovanni
How do you become a entrepreneur?
I am thinking about owning a business and i want that business to be successful. I dont want to work there i just want to own business. #business #entrepreneurship #entrepreneur
5 answers
Matthew Pearlson
Matthew’s Answer
Hi Giovanni... great question about entrepreneurship. The best way to become an entrepreneur is to start a business. Many of todays biggest companies started out as small ventures once upon a time. Its never too early to start! Depending on what you like to do, you could even start right now. Let me know what kinds of things you like to do and I can help you brain storm some small business ideas.
Sounds like you might want to just invest money in the stock market in a specific company. You might start with a portfolio of "play money" or even a small amount of real money. It might also be good to start reading and sharing your ideas about which businesses you like in sites like SeekingAlpha.com.<br>
Note: if you don't want to "work" you can't really be an entrepreneur.
Rob Shavell
Gary Petito (Veteran)
Gary’s Answer
Hi,
Great question, lets start with the definition of Entrepreneur:
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
So, you can see that operating any type of business can make you an Entrepreneur. If if you mow lawns on the weekends, sell lemonade in front of your house or wash cars in a parking lot... :)
In your case, I would suggest starting with something you are good at, have skills for or are passionate about and then start your research from there. Your business can be very small or as large as you want it to be...good luck!
Anna Rogich
Anna’s Answer
Giovanni,
Entrepreneurship is a fancy word for work and you won't succeed unless you learn the ins and outs of the business world.
Experience is mandatory for any position you apply for, and even more so if you are going to venture and look for capital.
I recommend asking yourself why you want to be successful. What drives you? What is your passion? Best of luck.
Ken Simmons
Ken’s Answer
Hi Giovanni!
Congratulations on wanting to be an entrepreneur!
Here are a few sites that will give you good information:
http://www.entrepreneur.com/article/249569
http://www.entrepreneur.com/article/207488
http://timberry.bplans.com/2015/04/i-want-to-be-an-entrepreneur-what-steps-do-i-take.html
Please keep me informed of your progress! I would like to know how you are doing!
Nada Lopes
Nada’s Answer
It's awesome that you're diving into the world of entrepreneurship right out of school! Starting a business requires a mix of passion, grit, and the right tools.
Here's a breakdown of the essentials to get you started:
1. The Idea Toolkit:
* Problem-solving lens: The best businesses solve problems. Look around – what frustrates people? What needs improvement? Your idea should offer a solution or fill a gap.
* Idea validation: Don't just assume your idea is great. Talk to potential customers. Get feedback. Would they actually pay for what you're offering?
* Niche focus: It's tempting to try to be everything to everyone, but starting with a specific niche helps you target your marketing and stand out.
2. Planning :
* Lean Business Plan: No need for a 100-page document, but outline your goals, target market, how you'll make money, and your marketing strategy.
* Market Research: Who are your competitors? What are their prices? How can you differentiate yourself? Knowledge is power!
* Legal and Financial Foundation: Choose a business structure (sole proprietorship, LLC, etc.), get necessary licenses, and understand basic accounting.
3. The Digital Toolbox:
* Website or Online Platform: This is your virtual storefront. Make it user-friendly, whether it's your own website or an Etsy shop.
* Social Media Presence: Where does your target audience hang out online? Focus your efforts on those platforms.
* Content Creation Tools: You'll need ways to create engaging content – Canva for visuals, video editing software, or even just a good phone camera.
4. Customer Connection:
* Email Marketing: Build an email list and use it to connect with potential and current customers (Mailchimp, ConvertKit are popular options).
* Customer Relationship Management (CRM): A system to keep track of customer interactions and build relationships (HubSpot, Zoho are examples).
* Excellent Communication: Respond to inquiries promptly, be helpful, and build trust with your audience.
5. The Growth Accelerator:
* Analytics and Tracking: Use tools like Google Analytics to understand how people find your business and what they do on your website.
* Networking and Collaboration: Connect with other entrepreneurs, potential mentors, and industry professionals.
* Continuous Learning: The business world is always evolving. Stay updated on trends, learn new skills, and adapt.
Resources for Young Entrepreneurs:
* Small business development centers (SBDCs): Free or low-cost counseling and training.
* SCORE: Free mentoring and resources from experienced business professionals.
* Online business courses: Platforms like Coursera, Udemy, and Skillshare offer a wealth of knowledge.
Starting a business is a marathon, not a sprint. Be patient, persistent, and passionate about what you're doing. Good luck!