When I think of entrepreneurs I immediately think of Steven Jobs, Bill Gates, Oprah Winfrey, and Mark Zuckerberg. Of course, there are many more that do not make the news and there are more individuals following their dreams and starting a business in their garage or basement; the current jobless rate has force many to take the proverbial leap.
In my opinion you do not need to be in a risky situation or have to tolerate a high level of risk to be an entrepreneur, you need to have a dream that you are willing to work hard for to turn it into a reality. No doubt, owning your own business is hard work and in the beginning the lines are quite blurry between your personal life and professional life but I’ve heard many times that the challenges faced are well worth it if the end results justify the means and if the venture is something you enjoy and the only option is success. I have a quote that you should remember when you’re faced with challenges “I’ve failed over and over and over again in my life that’s why I succeed” by Michael Jordon.
Raising Money and conserving money is the number 1 need to sustain you as you go solo and it is also the biggest hurdle to deal with.
Do you have what it takes to be an Entrepreneur? In the Entrepreneur magazine http://www.entrepreneur.com there is a list of characteristics of success; I will list some of them however, it is worth reviewing all of them including the explanations that follows.
- Plan everything
- Manage money wisely
- Ask for the sale
- Remember it’s all about the customer
- Become a shameless self-promoter (without becoming obnoxious)
- Project a positive business image
- Build a top-notch business team
- Become known as an expert
- Create a competitive advantage
- Master the art of negotiations Transitioning from employee to entrepreneur can be a difficult one, in my opinion before you take the leap do your homework, make certain there is a need for your expertise; realize the support infrastructure you took for granted is not there and be prepared for hard times. Lastly, develop a support group that is not your love ones