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How can I be a successful entrepreneur and create a line of businesses that create jobs for low income people.
#en #entrepreneur #business #business-management #finance #management
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4 answers
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Christina’s Answer
Great question … in fact it seems like 2 great questions. 1) How to be a successful entrepreneur? And 2) How to create better jobs for low income people? The first question has been pretty well answered and there is a lot of information online and in books about being an entrepreneur. The second question is a great one to ask as well! Try starting with what is the reason why people take low wage jobs and build your idea around one of those issues? Is it the need for a flexible schedule, lack of qualifications or experience, or not having tools to effectively look for jobs? Could you build your business in an area that is convenient for low income people? It’s a great goal, best of luck!!
Recommended reading: Rise and Grind: Outperform, Outwork, and Outhussle Your Way to a More Successful and Rewarding Life - by: Daymond John
Recommended reading: Rise and Grind: Outperform, Outwork, and Outhussle Your Way to a More Successful and Rewarding Life - by: Daymond John
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Dirk’s Answer
Great question, and I am afraid there is no perfect answer.
1. You of course have to have an idea for your business. What matters is a product/service that you can offer and that you are certain other people will use/buy.
2. If you offer a product, you need to know how to build it. Think about how this product/service is better than the existing ones, as there is no money in copying what is out there, unless you can do it significantly cheaper/better.
3. Most importantly: you have to be able to finance it. If you have savings to use: great. But this also means that you'll lose all of it if the business does not survive. Alternatively, think about getting an investor/partner. In this case though, people who finance your company will not care about the good-heartedness of your plan, ie creating jobs. All they care about is receiving a decent return on their investment. Best example is the TV show Shark Tank.
4. Being an entrepreneur is hard, stressful, and time consuming. Please remember that, as it is not for most people.
Last: good luck!!!
1. You of course have to have an idea for your business. What matters is a product/service that you can offer and that you are certain other people will use/buy.
2. If you offer a product, you need to know how to build it. Think about how this product/service is better than the existing ones, as there is no money in copying what is out there, unless you can do it significantly cheaper/better.
3. Most importantly: you have to be able to finance it. If you have savings to use: great. But this also means that you'll lose all of it if the business does not survive. Alternatively, think about getting an investor/partner. In this case though, people who finance your company will not care about the good-heartedness of your plan, ie creating jobs. All they care about is receiving a decent return on their investment. Best example is the TV show Shark Tank.
4. Being an entrepreneur is hard, stressful, and time consuming. Please remember that, as it is not for most people.
Last: good luck!!!
Updated
Robert’s Answer
Jimmy z,
What you are doing right now is the first step, make sure you have all your ducks in a row, including your business plan, and get investors. Having a team in which you can collaborate on this venture would be number one. then get together if you want an online or a brick-and-mortar type of business. SBA is a wonderful way to start small businesses in America have plenty of older investors who are looking for great ideas such as yours.
retired chef rob
What you are doing right now is the first step, make sure you have all your ducks in a row, including your business plan, and get investors. Having a team in which you can collaborate on this venture would be number one. then get together if you want an online or a brick-and-mortar type of business. SBA is a wonderful way to start small businesses in America have plenty of older investors who are looking for great ideas such as yours.
retired chef rob
Updated
Rebecca’s Answer
I am glad that you would like to become a entrepreneur to create job for low income people. I would suggest steps below :
1. You may need to identify the industries that you have interest and there is feasibility to give opportunities for low income people. The industry may not suitable that requires high skills demand since this might requires intensive training and it may not able to help immediately.
2. You can choose the relevant subjects in the college
3. Try to work as part time or speak the people in the industry to understand the business model
4. After your graduation, you can consider to work in the industry in short period of time to acquire the experience.
5. Start you business in small scale first.
Hope this helps! Good Luck!
1. You may need to identify the industries that you have interest and there is feasibility to give opportunities for low income people. The industry may not suitable that requires high skills demand since this might requires intensive training and it may not able to help immediately.
2. You can choose the relevant subjects in the college
3. Try to work as part time or speak the people in the industry to understand the business model
4. After your graduation, you can consider to work in the industry in short period of time to acquire the experience.
5. Start you business in small scale first.
Hope this helps! Good Luck!