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How hard is it to be a successful entrepreneur?

I want to be prepared for anything when trying to work towards be a business owner #entrepreneurship

entrepreneurship
Thank you comment icon I am a firm believer in a combination of education, life experiences, goal setting and mentoring to achieve desired results. My mentor who is considered a serial entrepreneur has a mantra, start small, think big, scale fast. Study cases of great entrepreneurs and apply learnings from their journey. David Pelan
Thank you comment icon It is very difficult to be a successful entrepreneur. Truth be told, more new businesses fail than succeed. But with hard work and determination it is very possible. You have to be extremely devoted and willing to work more than 40 hours a week. It can take a long time to become profitable: some businesses lose money for a year and a half before they start to make a profit. In addition taking business classes can help. Learning about business models and processes can help you understand the way to make your business successful. sarah
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Jasanpreet Kaur’s Answer

Nothing is hard in life unless we perceive it to be in that way.

Following are the essential things to be a successful entrepreneur and you can start practicing this right away

  1. Knowledge (Which you will not just gain in your academic phase but also in your job experience)
  2. Be a Visionary (Create your To-Do List and plan your day)
  3. Be a Leader (Take a lead. Also, help those who seek support)
  4. Inspire others
  5. Motivator (Motivate your team members)
  6. Keen Learner (Learn new things. Don't confine yourself to just one thing)
  7. Be a Fighter (With never give-up attitude)
  8. Time management (Enclose all your task within a time frame and try your level best to achieve it)
  9. Work in start-up (In order to know how things are done from scratch.) This will also give you an idea what sort of issues are prevailed and how to handle it.

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Thank you comment icon Jasanpreet - Thank you for your answer. We need more advice like this, now more than ever! There are more than 1k unanswered questions on CV right now. Hoping you'll answer a few more this week! Jordan Rivera, Admin COACH
Thank you comment icon Thank you, for sure I will. Jasanpreet Kaur Bhatia
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Lynell’s Answer

It is definitely a road less traveled and not for the faint of heart. In order to be a successful entrepreneur you have to fist and foremost be organized and committed. Vision is definitely important but you won't realize the vision if you do not plan well, continue to increase your skills, stay organized, manage your time well and above all, be committed. One of the biggest downfalls of entrepreneurship is the "time hole". When you are the manager of your own time it is easy for you and "others" to see you as just having a bunch of free time to do other things when in fact being an entrepreneur is your "job" and you have to be ready and working toward it at all times. So, in closing I would say yes, it is difficult and you have to be someone with a high level of commitment and willing to put your business first.
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