Be An Entrepreneur

It often starts with a vague notion that there’s more to life than what you’re doing right now. A small voice in your mind whispers to you, “Be an entrepreneur.” As you begin to think about ways to move forward in life you feel a sense of excitement building as you consider how to become an entrepreneur. The thought of owning your own business, having more money and creating the life of your dreams begins to stir your passions…

Or you may have a great idea for a product or service that can help people or is different than what already exists on the market. In fact, your idea is so good you’re convinced that it can succeed if you figure out a way to get your business going.

Sometimes you’re desperate and know there must be a better way…

You know that having a business that will generate money and the income you need is the way out…

There are many paths that people take to become an entrepreneur and despite what other people may tell you there is no “right” way. People become entrepreneurs following all sorts of different paths…

There are entrepreneurs that started off broke and homeless and others who had money. There are entrepreneurs from all races and nationalities. In short, anyone can be an entrepreneur…

How to become an entrepreneur – The Very First Step

Be an entrepreneur 1st step

1. Research – “How To Become An Entrepreneur” on the Internet

You’re going to see some crazy search results like “How to Become an Entrepreneur Overnight, 50 Habits That Prove You Were Born to Be an Entrepreneur, 17 Ways to Know You Were Born to Be an Entrepreneur” and a few other good ones which to me are right up there with books that purport to help you pick winning lottery numbers…

Why do the authors have to sell all those books on picking winning lottery numbers? Shouldn’t they have won a bunch of lotteries already?

Anyhow…

The first step is research, but be careful of what you read on the internet. There’s a great deal of crap out there and it’s hard to separate out the gold nuggets from the dirt…

Instead, let me give you a few solid recommendations and good websites to check out as you become an entrepreneur and achieve success in life the way that you want.

In 2010 a Department of Labor Poll predicted that the largest employer would become “self.” Additionally, an internet poll of 25-44-year-olds showed that 90% surveyed wanted to own their own business.

This leads to the next part of your journey on becoming an entrepreneur…

2. How to be an Entrepreneur – Develop YOU Inc.

Start to perceive yourself as the Chief Executive Officer Of YOU Incorporated even before you become an entrepreneur. Change your mindset from one of an employee to employer. If you are already a CEO or boss, then good for you. Instead of changing your mindset work on refining your mindset and developing laser focus.

Your focus as an entrepreneur or Chief Executive Officer is on the big picture and on developing processes that are high payoff and create leverage for you, allowing you to do either activities you enjoy or are the only person capable of doing them.

If you are a technical wizard you may need to partner with someone who has the characteristics of a CEO to help balance your technical wizardry with big picture thinking and a focus on leverage and developing processes that create high payoff activities.

If you are having trouble understanding what I’m writing about then you need more knowledge, so that you can expand your mindset and become a more successful entrepreneur…

3. Be an Entrepreneur – The Truth About Business Planning

I have mixed feelings about business planning. Too often people attempt to emulate the business planning methods popularized and used by large corporations and use them with small entrepreneurial ventures. This is a big mistake in my book as it takes away one of the key competitive advantages that entrepreneurs often have which is nimbleness and the ability to respond rapidly to a changing environment in a way that larger companies and corporations often struggle with due to the sheer scale and size of their operations.

One model for entrepreneurs to consider is the Plan – Do – Study – Act model popularized by Edward Deming. Here’s a link to the Wikipedia entry about it.

The basic idea here is to plan something then implement it, study how it’s working and change what needs to be changed to make it work better, then repeat the cycle.

Here’s another way of thinking about this is in relation to what you need to learn to be an entrepreneur. Learn new material from a book or course etc, then implement it, often immediately and keep repeating this cycle.

Back to the business planning portion…

The key to be an entrepreneur is to capitalize on the advantages you have which are your ability to adapt and change. So, unless you need to do a large full-blown business plan due to the nature of your entrepreneurial venture or a bank requires it, do not get lost in creating an overblown document that will just end up sitting on a shelf…

Have a solid plan, but do not spend a huge amount of time creating the perfect written document. I have seen far too many people with beautiful plans that took over a year to produce with no business at the end to show for it…

4. Leverage Your Time & Resources To Become An Entrepreneur

There are certain activities that if you invest in them, such as reading, exercising, getting good sleep, that actually help you to leverage everything else that you do and all successful people utilize these “secrets”. Here’s a link to a great article that goes into more depth about some of this information for you…

Why Successful People Spend 10 Hours A Week On “Compound Time”

https://medium.com/@michaeldsimmons/abbdec90fbe1Why Successful People Spend 10 Hours A Week On “Compound Time” Award-Winning Entrepreneur / Bestselling Author / Forbes, Fortune, HBR Contributor / Co-Founder of @iEmpact / Personal Site: http://t.co/T32xDLUBLJ Draft Why Successful People Spend 10 Hours A Week On “Compound Time”. Warren Buffett, Albert Einstein, Oprah Winfrey all do this one thing outside their to-do-lists every day. One question has fascinated me my entire adult life: what causes some people to become world-class leaders, performers, and changemakers, while most others plateau? I’ve explored the answer to this question by reading thousands of biographies, academic studies, and books across dozens of disciplines. Over time, I’ve noticed a deeper practice of top performers, one so counterintuitive that it’s often overlooked. Despite having way more responsibility than anyone else, top performers in the business world often find time to step away from their urgent work, slow down, and invest in activities that have a long-term payoff in greater knowledge, creativity, and energy.

5. Focus On Your Strengths To Be An Entrepreneur

There is clear research that demonstrates that focusing on your strengths will help you to succeed in life. Consider what you’re good at… What comes easily to you? Focus on your strengths and work on getting even better at them. Here’s a link to the number one strength finder tool available, which is free – Gallup Strength Finder

And check out this really great Youtube video that reviews Strengths-based Leadership

 

6. How To Be An Entrepreneur – Shore Up Your Weaknesses

We all have areas that are weaknesses. No one can be good at everything and for some of us not only are there areas that are weaknesses, but there are habits that can potentially destroy our business like lying, theft or many other problems. So, you want to counterbalance your weaknesses and prevent any habits from being destructive. Here’s a link to an article that will help you think about this in a different way.

Bad Habits Always Take You Down, Eventually – Rich Habits Institute

Bad Habits Always Take You Down, Eventually – Rich Habits Institute Develop the Habits to Create Opportunity, Luck, Achieve Consistent Success, and Build Wealth. Bad Habits Always Take You Down, Eventually October 13, 2017 by Thomas C. Corley Leave a Comment Bad habits generally don’t take you out immediately. They often take many years before they negatively impact your life. Just think about some of the actors, CEOs, athletes, musicians, politicians and other celebrity types who were taken down by their bad habits: Bill Cosby’s Alleged Sexual Predator Bad Habit, Tiger Woods’ Infidelity Bad Habit, Eliot Spitzer – Former governor of New York’s Prostitute/Infidelity Bad Habits, Bernie Madoff’s Theft Bad Habit, Aaron Hernandez’s Murder Bad Habit, Whitney Houston’s Drugs Bad Habit, And now we have Harvey Weinstein and his sexual abuse bad habit. As I mentioned in my book Rich Habits, your habits create two types of luck – Opportunity Luck or Detrimental Luck. Think about your habits as apple seeds.

We’ve gone over some critical factors that you need to consider to become an entrepreneur now I’m going to share a link to a great blog post that I wrote which has the top ten websites and resources online for entrepreneurs: Top 10 Blogs Online The You Never Heard Of But Should Have

Last, but not least here are a few videos from youtube that you might enjoy…

Follow Your Dreams – Be An Entrepreneur With Richard Branson

How To Become An Entrepreneur – This Comes from a youtube channel that is worth taking a look at…

A good video on How To Think Like An Entrepreneur From a Higher level business perspective…

How To Be An Entrepreneur – a basic video…

Another terrific resource on your journey to be an entrepreneur is to Check out My Article On The Top Ten Blogs For Entrepreneurs That You’ve Never Heard Of But Should Have.

… and if you haven’t taken a look at what Mobile Marketing has to offer then check out this article on Great Mobile Marketing Tips

Here’s a guide to key business terms that are important to know with corresponding links to Wikipedia for helpful definitions.

Keywords:Wikipedia Link:
business Wikipedia Business
entrepreneurshipWikipedia Entrepreneurship 
servicesWikipedia Services
franchise Wikipedia – Franchising
marketingWikipedia – Marketing
products Wikipedia – Products
investment Wikipedia – Investment
inspiration Wikipedia – Inspiration
business plan Wikipedia – Business Plan
venture capital Wikipedia – Venture Capital
small business loans and small business adminstrationWikipedia – Small Business Administration 

I’d love to hear your thoughts on this topic, so leave your comments or links to good resources you’ve found etc…