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Onward and Upward to Entrepreneurship


This past week I am reminded that entrepreneurs are just average people. That's not to say that you don't have to be smart to be one. There are plenty of smart people who are lazy or who do not apply themselves. It seems as though that people who are entrepreneurs see themselves as born with the ability. I have to wonder, does this mean that there actually is a right type of personality that would be more fitting to be a successful entrepreneur? I think so. If it takes a special mindset of determination, resilience, and stubbornness to be an astute businessman(woman) then that would favor a seemingly small portion of the population. There are probably quite a few people who would love to introduce new ideas, but worry that they'll be shot down right away by the so-called experts. I personally suffer form this weakness, but I am gaining new confidence as I progress through the coursework in my entrepreneurial class.

Of late in my reading of different books and case studies, I've seen that finances play a big role in how well your idea gets executed. If I looking at a start-up for example, I'd need to have a bank willing to lend me money for the supplies, equipment, or goods to get my business going. I'd also need to present some type of business plan. Interestingly enough in this week's study's, I've seen that many small business owners or entrepreneurs should spend too much time studying out a business plan or doing research. If they spend too much time doing all of that, they very well could miss out on some great opportunities. Another thing I've learned in my reading of these entrepreneurs is that successful ones are flexible to changing demands by the consumer. Something that is trendy today, may ancient history by next month. Launching a business for an item or idea that is closely related to something already popular might be a safe bet, but there's no guarantees. You have to be adaptable to the business climate around you.

I have been reminded that it takes a lot of precious time to develop a start-up. So if I have any ideas of starting a family, I may not want to do a start-up, as stated by a professional speaker they can bleed you dry. I am currently weighing the advantages or starting my own service-oriented business, or just taking a job working for someone else, and then after having developed some savings, try to start a business later on. the problem with later on is that there is all that much less time for my business to be established where customers wouldn't discover it. One thing is for sure I must prepare financially and mentally to be an entrepreneur.

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