You don’t need to be special, some type of genius or even have any money to become an entrepreneur. It’s no longer an unknown and you have a better opportunity now, more than ever, to make something of yourself.
If you desire to become an entrepreneur, than this article will help you know where to start and point you to your next step. I have written this article in a way for it to benefit an absolute beginner, to someone who already knows what an entrepreneur is and are on their journey already.
What Is An Entrepreneur?
Before ever becoming something, you must first know what it is. Many people have a hard time making the transition to becoming an entrepreneur or go about it all wrong. The main cause of this, is they don’t know what being an entrepreneur really is.
First, here’s the dictionary definition of it. “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.”
An Entrepreneur is someone that challenges what life has to offer and is driven to get more out of it. Someone who doesn’t let fear stand in the way of what they want to accomplish. He is always thinking on how to improve and coming up with ideas to better his last.
An Entrepreneurs role is many, a leader that inspires others. Someone that controls his future and doesn’t let someone else control it for him, because he knows to get to where he needs to, he must hold himself and no one else accountable.
Being an entrepreneur is to be passionate and dedicated to whatever you go after. take smart risks, because you are in the driver’s seat. but the most important thing that most people don’t understand about entrepreneurship is that, it is not about the money, but the relationships you cultivate along your journey and the changes you make in people’s lives.
How Old Do You Have To Be?
“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” – Mark Twain
“If I had a dollar for every time I heard the age excuse; that would probably be my shortcut to wealth.” – James J-Pierre
There is no rule as to how old you’re supposed to be to become an entrepreneur or how old you have to be to go after your dreams, but many people use age as an excuse as to why they aren’t getting more out of life.
the age excuse has been used so much that people have put them in brackets when you’re young you tell yourself you have time, mid age you slack until you hit your elder age, but there are many who are 45 plus and are younger than many 19-year old’s.
It’s not about how old you are, but how old you see yourself. How old your heart is. Age should never limit what you can do. Some of the most successful companies were started by entrepreneurs who were in their 40’s.
There will always be roadblocks, but age should never be one of them.
How To Know If You’re Ready
I want you to be fully informed before we dive in.
Becoming an entrepreneur is no easy task, it comes with a lot of hard work and sacrifices. But if you can and are willing to go through these stages you will be able to live the life you always wanted and gain the freedom you deserve.
Some people go through life and nothing really changes, while others start to get this empty feeling inside. A feeling of wanting more out of life. If you’re sick of being told how to live, sick of living paycheck to paycheck or are just bored of these routines that feel like they are slowly draining your soul, it might be time to try something new.
If you want a flexible schedule and the freedom to spend more time with family, then you might be ready to become an entrepreneur, but before you can do that, you must do a few things.
- Forget all that you’ve been thought about entrepreneurship because most likely you learned it from someone who wasn’t one.
- Drop the belief you have of money and its association to being happy.
Becoming a successful entrepreneur doesn’t happen overnight. It takes more work to become a successful entrepreneur then it does to work a 9-5. Unlike a 9-5 there is no one to tell you when you should be working. You must be dedicated and know for certain this is the path you want or you will end up quitting when things start to get rocky.
What To Expect Becoming An Entrepreneur
Expect to work 16-20 hour days, 7 days a week. And like most people, you will most likely be doing it on the side of your current job.
Risk is risky when you go about it all wrong. remember it’s a process that takes time. It took bill gates several years before getting to where he’s at, so it will be no different for you.
If you have children and a spouse, expect to spend less time with them. by all means, don’t neglect your loved ones, but they won’t get to have you like they want
“If you will live like no one else, later you can live like no one else.” ― Dave Ramsey
Being an entrepreneur means sacrifice. Scarifying a decent meal for something cheap, possibly living on the streets or in your car to save money. Many entrepreneurs had to go through such hardships.
You must work hard because somewhere out there your competitor is putting in double the hours you are. You must work until you can’t anymore more, which means getting little to no sleep, not hanging out with friends or being able to do the things you love such as watching TV or playing sports.
If you are willing to go through all that and not just for a few months, but possibly for a few years you will make something of yourself.
How To Get Your First Idea
It’s not always easy to know what you want to do in life, but I want to make it as simple as possible for you to get your first business idea and run with it.
One of the best ways to come up with a business idea is from something you or someone else hates. Something you have to do constantly but wish there was an easier way of doing it. We share common problems and certain things that you struggle with, many others struggle with as well.
An example would be paying too much for electricity, someone invented solar panels. Not wanting to wash dishes all the time. Someone invented the dishwasher, or something simple as an automatic toilet seat lifter when you flip a switch. Men and women everywhere would thank you for that.
Another way to come up with a great idea is from your work-place. When companies become big businesses, they start to care less and slack off in the much-needed areas. You could build off that, adopt from their business and build on their flaws.
We live in a time where you can now find anything on anything. Something many people look over is reading books. The greatest entrepreneurs such as Elon musk, Jim Rohn and many more have written on their past failures and successes. Some even list their step by step road to success. What better way to get a business idea than from someone who owns a multimillion dollar business and lists out how to go about doing the same.
The hard work’s been done for you. The need to reinvent the wheel is dead. Learn from your fellow entrepreneurs and stop trying to do it all alone.
If you have a good imagination, another place where you can get your next business idea is from watching TV. I don’t care much for TV and it’s something you should stay away from when you are trying to get somewhere in life, but I won’t deny that it can be a great source for a great idea.
Shows such as shark tank and even cartoons such as family guy can inspire an idea. The shows are written by businessmen and women who know what they are talking about but do be cautious. Don’t just find an idea and copy it, be sure you are not simply stealing another person’s idea.
“life is like a dish. You can create your own recipe or borrow someone else’s.” – James J-Pierre
The final way to get your business idea is to find something you love doing.
Finding something you love can be a bit more difficult, mainly because most people don’t know what they want or what they love to do, or they can’t scale it to a profitable business. And a lot of the time, when you try and scale something you love, you end up hating it because it feels like you are forced to do it for money rather than for how much you love doing it.
How To Set Goals
If you don’t know how to set goals, you won’t ever make it as one of the truly successful.
You know goal setting is a must, but if you don’t know how to do it properly it can lead to more harm than good. Goal setting must be effective and achievable.
Be specific when setting goals. A broad goal means not knowing how to go about achieving your actual goal. Being specific keeps you motivated, because unlike broad goals you know when you are getting closer and what to expect.
You want to write your goals down. There is no commitment until you sit and write what you want to achieve down. To have something you can refer to daily. Something real that is not just in the mind.
Reaching your goals will be a challenge. Rather than setting mega goals, you want to have some short-term goals to hit and keep you motivated, to feel like you are moving forward; unlike a mega goal that takes longer and feels as though you aren’t getting any closer. Another way to look at this is simply breaking your long-term goal down so that it becomes manageable.
It’s something about starting something new that gets us excited and feels as though we should be doing everything all at once.
Although an entrepreneurs job is many, its best to not try and do everything all at once. There is no such thing as multitasking, just switching from task to task which works against you and may make you feel like you aren’t moving as fast as you need to.
All goals are not created equal. Tackle the most important first. Tackle them one at a time. It’s more efficient and proven to work better than trying to do many.
What Is Failure, And How To Learn From It
“Failure: Life has blessed you with a personal teacher so that you can grow, but you think life is against you.” – James J-Pierre
Life doesn’t pick and choose who it wants to go after and who it doesn’t. Pain is unavoidable, failure is inevitable. Even if you went through life and did nothing to stand out you would still fail.
There are two ways you can look at failure. the first is to say “I am a failure” give up and never try again. The second is to understand what the real meaning of failure is. If you learn to use the greatest guide life can give you, like many successful entrepreneurs before you, you will succeed.
You now live in an era where failure can be minimized. You have Google at your fingertips and countless books, and videos to show you a step by step guide to reaching success, unlike those before us who had to learn from trial and error.
Embrace failure as your teacher and fail often. Don’t blame others for where you are in life and why things aren’t going right. A lot of things in life can’t be controlled, but your future is not one of them. No matter how little control you think you have.
Failing makes you emotionally tough. It makes you emotionally intelligent, which is something that is required to go far.
You will always be knocked down easy the first few times. You will always feel disappointed, hurt, and the need to quit, but if you get up, it becomes harder and harder to get knocked down again. You learn from your mistakes, and you grow.
Common Characteristics Of Entrepreneurs
They are serious about their goals
Those that go through life doing little to nothing to improve themselves never get anywhere in life. Whether life is a game or not, entrepreneurs know to take whatever they choose to go after seriously. You can’t be casual about life. What you put in life is what it will give in return.
“If you go through life being casual, you will end up a casualty.” — Les Brown
No matter how small a goal. no matter how small a dream. Even if no one believes in you, you must believe in yourself and take it serious, because no one else will.
Invest in themselves
Successful entrepreneurs understand that no one is going to go out of their way and hand them success. That is why they invest in themselves. their goals and dreams fall on their shoulders.
They are willing to sacrifice today for a brighter future. Rather than spending your tax money on a television, buy some books, get something that will help you advance.
“life is naturally hell you have to work to put a smile on” – Hopsin
No one wants to suffer or be living pay check to pay check, but every time money touches their hands, it disappears into clothes or something else that rust rot and depreciates.
They do not fear new roads
By now everyone knows what following the masses lead to. Not many are brave enough to step out of line and turn right when everyone else is going straight. It feels more natural to follow everyone else because then you don’t have to stand out and possibly look stupid. But successful entrepreneurs, though afraid, know there is something waiting for them and following everyone else won’t get them there.
Don’t be afraid to look stupid. Don’t be afraid to fail and make a fool of yourself. If you decide to go in your own direction, no one else can see what you see, and they don’t need to if you can. carve out your own road and take life into your own hands. It is yours after all, and no one else’s.
They commit to lifelong learning
What you don’t use, you lose. and that goes the same for your brain. Successful entrepreneurs understand that the key to long-lasting success is to commit themselves to a life of learning. No one knows everything. Even someone as smart as Warren Buffet had to learn from someone else and continues to learn from others.
Success is hidden in books. if you read enough of them and put them to action you, you too will be able to decipher the code to wealth.
Commit to reading more books, read blogs, take courses and understand the difference between scammers and schemers who go after those that are too eager to get money.
They’re not afraid to take risk
Actually, entrepreneurs are afraid of risks. Taking risks is a fool’s game set to lose, no matter who you are. The difference, successful entrepreneurs take calculated risks. They read up on what they are going after, they know the good and the bad and don’t just blindly jump in. they test and prepare themselves. What you call risks becomes doing what they know.
Want to quit your job and become an entrepreneur? Great, read about what it is, what to expect and rather than up and quitting altogether, pick it up on the side. As you begin to generate income, you slowly shift into it fully. That is why risk isn’t something to be afraid of, you must know how to do it right.
Top 10 Recommended Books To Read
These are resources recommended from the top entrepreneurs as well as books I myself have learned from. Information to help you get started on your entrepreneurial journey. Advice that’ll help you generate more cash, shift your way of thinking and make you into a successful entrepreneur.
The 4-Hour Workweek by Timothy Ferriss
The Lean Startup by Eric Ries
The Millionaire Fastlane by MJ DeMarco
The Alchemist by Paulo Coelho
Influence: The Psychology of Persuasion by Robert B Cialdini
Good to Great by Jim Collins
Talent is Overrated by Geoff Colvin
The Power of Habit by Charles Duhigg
The Selfish Gene by Richard Dawkins
How to Win Friends & Influence People – By Dale Carnegie
Top 5 Recommended Movies For Entrepreneurs
The Pursuit of Happyness
Office Space (1999)
The Wolf of Wall Street
The Social Network
Top 10 Entrepreneur Quotes
Please make suggestions in the comments.
Feel I’m missing something or plain wrong? please leave a comment and tell me about it.