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..I want to become an entrepreneur... how should I start?

im studying mechanical engineer 1 st year.. #entrepreneurship

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G. Mark’s Answer

The best way to become an entrepreneur is to look around you for a problem to solve. Luckily, there never seems to be a shortage of problems. If you can do that, put together a business case. This is essentially a summary that explains what problem you're solving, who your target customers (or clients) are, estimation of the cost/return to see if it can sustain itself, and a plan. The plan gives how your business would work and what timeline and milestones you expect. This serves several purposes. First, it grounds you and makes the project more real and concrete to you and allows you to understand what your chances for success are. Second, it provides a template you can add data to so you can get the advice of others. And third, it gives potential investors something to evaluate and decide whether to provide you funding. No successful startup I've ever seen has proceeded without this plan. And if your project is really something you're passionate about enough to work hard at, writing this plan will be a start of a fun and exciting and rewarding adventure. Even if you decide not to proceed or if you decide to change your project entirely, you'll have learned a lot that will never be wasted effort.
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David’s Answer

  1. Hi, I believe the best way to become an entrepreneur is to find a mentor. I am currently working with a mentoring program that is 4 months long. I have weekly meeting with a person that has completed multiple ventures. Getting a perspective to the challenges and a clear view of the journey from someone that has done it is critical. My mentor says Start Small. Think Big. Scale Fast. I would study cases such as Sarah Blakely who started the company Spanx with 5K and built it in to a Billion dollar business.

David recommends the following next steps:

Complete case studies on 3 successful entrepreneurs, or read a biography on them.
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Ara’s Answer

What is your passion? What do you do well? What do you do that brings you joy? Be true to yourself and think about what things you do that you do well, or the things you do that bring you happiness. Typically, what you enjoy doing you do well, and what you do well will make you happy. You have God-given gifts and talents. Are you creative? Do you like making things? Are you good with people? At a high-level think about the attributes you have that make you, you. While there are many lists out there that identify the top entrepreneurial jobs or jobs of the future, don't force yourself into something that you may not well or that you may not enjoy. Your success will come from your core skills and talents, which you can enhance through education, real-world work experience, and finding mentors and teachers to help you progress. An entrepreneur paves his or her own path by going after a passion inside of them. Take some time to think about and inventory the list of great things about you - your strengths, things you enjoy, things you are good at. From there, look at businesses and careers that align to your personal inventory. Then you may consider schools or training that provide development or support, or even find a job in the industry that you are looking to enter and gain valuable first-hand experience of the industry, company or job position.
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Shante’s Answer

The first question is what do you like? What kind of business do you want to own? Will you work another job while you pursue this venture? Is there opportunity for you to develop this with a partner? Will a loan be needed to start the venture, if so, how will you pay the long back & when? Do you have a business plan? If you dont, I believe starting their will help you design/layout what it is you may want to do. Goodluck!
Thank you comment icon Thanks for replying for my ques Shante. I'm crazy about machines. I want to invention something which will be useful for society. I'm planning to form a team and discuss ideas with them.once we get an idea we will start working on it. But what matters is about investing. And I'm planning to accomplish within 4 yrs. So that I dont go for job and concentrate on production. karthiksen
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