Written By: Sheelagh Blumberg
Is your conventional 9-5 job holding you back from achieving your full potential? Are you tired of your boss constantly nagging you? Or maybe you are just tired of being an employee and doing a job you don’t even like. Perhaps it’s none of that. Maybe you are being overworked and barely have time for yourself. And despite all your trouble, you can’t help but feel underpaid. You are effectively not getting your worth. If this is the story of your life, then it’s likely you are feeling unfulfilled and frustrated about your current situation. Maybe it’s time you took a different path towards achieving a better work-life balance. And what better way to do that than becoming an entrepreneur. This way you can be your own boss and work anywhere and anytime you want.
Being an entrepreneur will most definitely bring you immense freedom, control and ultimately make you more independent. But like most things in life, it is easier said than done. Becoming a successful entrepreneur is not a walk in the park. It is quite nerve-wracking and challenging especially if you have no idea how to get started. Well, in this article, we will explore everything you need to know to become an entrepreneur. And not just any entrepreneur but a successful and thriving entrepreneur. These tips will undoubtedly make your journey towards entrepreneurship less rocky and bumpy. So let’s get started.
Being an entrepreneur is rarely a dignified affair. It requires you to devote your time and resources and more often than not, things take a turn for the worse. Many businesses have failed and completely ceased to exist owing to the founders lacking expert advice. Well’ here are a few tips to set you up for entrepreneurial success and ensure your business thrives.
Save up money
Money is the undisputed enabler of entrepreneurship. It is therefore an important factor when you want to start your own business. The more money you have, the faster you can accelerate your idea into a business. You need to save up and put aside money that will help put your business idea into action. If you want to become an entrepreneur, do not be under the assumption that you will get sponsors or investors to fund your business idea. Rather, save up money so that you can execute your plan right out of the gates. And don’t get me wrong, there is nothing wrong with pitching your idea to potential investors or sponsors. However, you can’t fully rely on them to put your plan into action. You need to be able to fund your business on your own and the best way of doing that is by saving.
Learn to sell
Selling is such a powerful aspect of entrepreneurship. It is hard to think of anything more important than sales in a business. After all, the sole purpose of a business is to make money and that is only possible through making sales. Every moment of being an entrepreneur is related to selling in one way or the other. You are either selling physical products, services, or a vision of a brighter future to potential investors and people in general. Being an entrepreneur is about selling yourself and your business. You are more or less a walking billboard representing your business every day. Know that you are a brand. When it comes to the actual selling of your products, you need to have a process for that and get good at it. Ask the right questions so that you can know exactly what your clients want. Being an entrepreneur is about making informed decisions based on what the customer wants. You need to communicate effectively to whoever you are dealing with so that you can drive sales. You can learn how to sell by seeking advice from your mentors, reading books, or even attending training seminars or conferences.
Marketing is the backbone of any business today. You have to inspire people to take action towards your product or service or what they want. Be very good a communicating and putting your business out there. Take some marketing courses and take time to grow your social media profile and audience. Tap into the power of social media to make sure you reach your potential customers. Marketing will enable your business to gain traction and increase its exposure.
Build a Network
Building up strong relationships with people around your niche is very important. Networking positions your business well for growth and success. Networking with the right people increases your business’s exposure to your target. Through networking, your business can land referrals and recommendations which are essential for its growth.
Find your Passion
Think about the things that you are passionate about. Each one of us has an activity that makes us feel so fulfilled. Something you can do all your life without getting tired. Find out something that you naturally love doing or you are talented at. If you start up a business around that, you will not only be motivated to do it but you will also be good at it. People are always ready to pay for a unique ability or gift. So figure out what your passion is and build your entire empire around it. Do some soul searching and figure out what inspires you or give you the greatest strength. Something that matters to you and you deeply care about. Figuring out what you are passionate about will help you identify your mission. This will subsequently motivate you towards becoming an entrepreneur since it gives you a clear picture of what you want to achieve.
Get rid of the Baggage
Going into entrepreneurship with baggage is a terrible idea. This baggage might be in the form of past failures, addiction, abusive relationships, etc. Baggage is something that you haven’t dealt with or coped with. Do not move into entrepreneurship while you are in a mess. Handle your previous struggles and make peace with your past. To become a successful entrepreneur, you need to get rid of all distractions and stay focused on your course. Clean up your baggage so that you can move into entrepreneurship with a clear head.
Make the Decision
Being an entrepreneur is all about making decisions. Decide that you want to be your own boss and you are willing to pay the price. Stop sitting on the fence and take action on what you want. Entrepreneurship is not for everybody. You need to decide whether you are really up for it or not. Stay true to yourself and decide what is right for you. Get off the fence and take a leap and move forward with your decision. Stop sitting back and get in motion.
There you have it. Once you figure out these key things, then you are ready to be your own boss and begin your long and successful journey towards entrepreneurship. Keep in mind that becoming a thriving entrepreneur is a bumpy ride. You need to be ready for the challenges ahead and actively embrace them. If you hang in there and rise to the challenges, all the patience and hard work will be worth it. You will reap big. Cheers to being your own boss.