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    Why Become an Entrepreneur?

     Introduction- Why Become an Entrepreneur? 

    A recent survey found that more than 70% of people want to be some sort of entrepreneur. Becoming an entrepreneur is a sought after job for many reasons, including pride, purpose and possibly money. Starting and running your own business on a day to day basis is no easy task, but it is one that is truly worth the effort.  

    So why should you consider becoming an entrepreneur? 
    There are many reasons why you should consider taking that giant step and creating your own business. Here are just a few of them: 
    1. Autonomy- running your own business allows you to be in charge of your own destiny. It also helps you to avoid getting stuck in the “daily grind” or the “rat race”. For many people running their own business lets them have a career that is self-sustaining.  

    2. Opportunity- Being an entrepreneur opens up a whole new world of opportunity for you. You will have the opportunity to do anything that you want in life. This means you can choose to spend your life changing the world for the better, or you can live the type of life you want. Few other career choices can offer this kind of opportunity.  

    3. Impact- Many people who work for other companies truly want to work hard and help that company to succeed, but few are actually able to have such an impact. When you run your own business everything you do will directly impact the company, which can be very rewarding. 

    4. Freedom- this is the answer most people will give if you ask them why they want to become an entrepreneur. For many people the idea of doing what they want and how they want to do is the most compelling reason to take the risk and run their own business. It is true- having freedom in life and career does make a huge 
    difference!  

    5. Responsibility- when you run your own business you have the ability to be responsible to society and operate your business the way that you feel it should be run. This is especially true if you have the desire to help others or the world in general. If you work for someone else you may not be able to improve the world the way you want to, but if you are the boss you can.  

    6. Being your Own Boss- this is another common answer for why many people want to become entrepreneurs. If you are your own boss you can do things your way. You can make your own decisions, take your own risks and decide your own fate.  

    7. Time and Family- depending on your specific goals in life, becoming an entrepreneur could give you the freedom of time and allow you to spend more of it with your family.    

    8. Creating a Legacy- if the idea of forging a lasting legacy is important to you then few other careers give you the opportunity to do so like operating your own business. 

    9. Accomplishment- if you have specific goals that you would like to accomplish in your life running your own business could help you to do so. 

    10. Control- for a lot of business owners the sense of security that comes with the ability to control your own work is a major reason to become an entrepreneur.  


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    What does it take to become an entrepreneur? 

    There are plenty of benefits of being an entrepreneur, but it is certainly no easy task to start your own business. Successful entrepreneurs, that is to say those who are able to accomplish their goals, earn a successful living through their business and enjoy the many benefits of entrepreneurship, all have specific traits.

     If you are considering taking the leap and following your entrepreneurship dreams then you will want to understand what these traits are so that you can instill the same traits in yourself. This will help ensure that you are able to achieve your dreams.  

    Successful Entrepreneurs: 
    • Have passion and a lot of it
    • Are tenacious
    • Able to manage their fear of the unknown
    • Have a grand vision
    • Believe in themselves
    • Are extremely flexible
    • Are able to defy conventional wisdom
    • Are willing to take risks in life
    If you have these traits, or if you can teach yourself how to develop these traits within yourself, then your likelihood of becoming a successful entrepreneur will increase. In addition to these personality traits, all successful entrepreneurs possess a certain amount of skills.  
      
    Some Skills That Will Help You to Become a Successful Entrepreneur Include: 
    • Focus- running your own business requires dealing with any number of factors on any given day. Successful business owners are able to pinpoint their focus onto accomplishing specific tasks and goals at specific times. 
    • Resilience- it is a skill to be able to weather the various ups and downs of business without allowing them to destroy your focus. Truly successful entrepreneurs are able to continue traveling down the path of success even when the future looks bleak.
    • Management Skills- a successful company requires the right people and successful business owners need to know how to properly manage these people.
    • Long Term Vision- while it is easy to focus on what the company needs to do in the next several days or weeks to be successful, truly exceptional entrepreneurs (the ones who see real success in their business ventures) are able to plan years ahead of time. 
    • Salesmanship- regardless of what type of company you are running, you need to be able to sell your vision to others in order to become successful. Entrepreneurs need to have great salesmanship skills whether they want to or not.   
    • Self-reliance- this is one of the most important skills any entrepreneur can possess. It is vital for a business owner to trust that they can depend on themselves.
    • Self-reflection- the ability to pause, reflect and learn is a very valuable skill for the business owner. Entrepreneurs must be able to learn from their mistakes and reflect upon what they have learned in life.  
    • Learning- the skill of earning knowledge is one that every successful business owner has. It is also a skill that they never stop developing.  
    To be successful in your entrepreneurial dreams you have to be able to learn from others. The best way to learn the skills of a successful business owner is to study the skills of successful entrepreneurs and then to grow those skills in yourself.

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     The Importance of Passion  


    Passion represents one of the most important aspects of becoming a successful entrepreneur. Without passion your business will turn out to be just another job.
       
    #1- Always choose something you are passionate about! 
    Without passion, and a lot of it, your business dreams will become lost in the day to day grind of running a business. Take a look at the top ten most successful entrepreneurs and you will see that their passion is the number one driving force behind their success. There is no way to escape this fact- you simply must be passionate in order to achieve your goals!
        
    Starting with a Dream  


    The best way to start a business is to take what you are passionate about and find a way to turn that into a business. You need to start with a dream. If you don’t have passion for your work then you won’t have the motivation and energy to keep pushing through obstacles, you won’t be willing to take the necessary risks required to succeed and you won’t be able to sell your dream to others.
      
    #2- Start with your dreams and grow your business from there. 

    The unfortunate reality is that once a business reaches the beginning of its third year its chances of surviving drops dramatically. Only about 44% of businesses live to see their fourth year. Without the passion you derive from living your dream you won’t have what it takes to survive year after year. This means that you should start your business from the ground up using your dream as a foundation. 
      
    Whatever your dream in life may be, you need to find a way to turn that dream into a business. If the foundation of your business is based on something that you are truly passionate about, then it will be much easier to grow that dream into a hugely successful business.

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     Starting Your Dream Business 
    Once you have determined that you have the necessary traits, skills and passion to become an entrepreneur, the next step will be to start up your dream business.  
    Getting Started 
    Getting started with your dream business may be the easiest part of the process or it may be the hardest. It really depends on your specific situation. Some would-be entrepreneurs are raring to get started, while others are bogged down with doubts and procrastination. 
    #3- Avoid coming up with excuses why you shouldn’t start your own business.  
    Once you have made the important decision that yes you want to become an entrepreneur, skip the excuses and start the process.  
    #4- Avoid the quicksand that is known as procrastination.  
    Putting off the process of starting your business for any reason can lead to getting stuck in the mud. Avoid the process of procrastination at all costs.  
    #5- Do whatever it takes to motivate yourself to get started.  
    Doubt, fear, worry and a lack of purpose can all end up preventing you from getting your dreams going. Focus on why you want to become an entrepreneur (your passion) and use that to motivate yourself into taking those first few steps. The first couple of steps are the most important ones.  
    #6- Develop core beliefs.  
    Now is the time to develop your business’s core beliefs. This will help you to create the right kind of company, one that matches your passion andmotivates you to always move forward. Your business’s core beliefs will be a major building block of it, so make sure that these beliefs are worthy. They will also determine how you proceed to make decisions in the future and which direction the business takes your life.  
    Making the Shift from Employee to Boss 
    Running your own business takes leadership. For many new entrepreneurs it can be difficult to make the switch from employee to manager or boss. There are ways that you can prepare yourself for this transition. For people who have built-in leadership skills this transition may be easier, but anyone with the proper drive and motivation can develop leadership skills. 
    #7- Learn how to listen. 
    A good boss knows how to listen to their employees and how to recognize good ideas. For a lot of people the concept of being a good listener is hard to contemplate. Learning how to listen probably represents one of the most difficult aspects of turning yourself into a good boss.  
    #8- Invite creative thinking. 
    Another trait of a good boss is the ability to invite others to share their ideas with you. You will want to create an atmosphere where your employees willwant to share their ideas with you on a regular basis. Great ideas drive businesses forward.  
    #9- Learn to delegate. 
    Maintaining control of a company can also mean delegating certain responsibilities to others and good bosses know how to do so successfully.  
      
    #10- Take downtime to reflect. 
    The responsibility of an employee to learn from their mistakes is not as great as the responsibility of the boss to do so. It is important for any boss to take the appropriate amount of time to stop, think and reflect upon what they have learned. Only through reflection can you truly learn from your mistakes and avoid repeating them in the future.  
    #11- Expect respect. 
    Bosses require respect. When making the transition from employee to boss it is important to expect respect from your subordinates.   
    #12- Earn respect. 
    While you should be prepared to expect respect from your employees, it is also vital that you be prepared to earn this respect. This is accomplished through honesty, fairness and by giving respect.  
    Keeping Your Options Open 
    Starting up a new business requires detailed planning. This means creating various options for how you are going to run your business and then choosing which of these options is the best choice for your business. It is important to keep your options open throughout the start-up process and even through the day to day operations of your business in order to create a resilient and successful business.  

    #13- Run a lot of forecasts. 
    It is always a good idea to run through a series of forecasts for your business. Run through the various ‘business as usual’ forecasts, then add in other scenarios. This will allow you to better forecast your business’s future and create different options for dealing with these options. This is especially true for starting up a business.  
    #14- Gather real market information. 
    Very few businesses actually end up following their business plans. Plans change all of the time. The best way to create a valuable and functional business plan is to ensure that you create it using real market information.  
    #15- Understand your market. 


    Gathering real market information for your business’s plan means understanding your business’s trends, customers, competitors and various marketing conditions. This kind of information can only be gathered through detailed research.  

    #16- Plan for failure. 
    Things will not always go well in your business. Keeping your business options open means understanding this fact and making plans for dealing with failures in advance.  
    #17- Deal with what you can control and let the rest go.  
    While you are making plans for dealing with failures along the way make sure that you are focusing on dealing with only the things that you can control. Constantly obsessing over the things you will not be able to control or attempting to figure out how to control things you simply cannot will get you nowhere.  
    #18- Set realistic goals.  
    Business planning is all about setting up goals and then striving to achieve them. Just make sure that the goals you are setting up for your new business are actually achievable so that you are not setting your business up for failure.  
      
    #19- Remember your dreams but plan for goals. 
    Dreams are what you want to accomplish with your business but goals are how you will actually go about accomplishing things. Plan for specific goals as a smaller part of accomplishing your dreams.  
    Choosing a Business Role That Fits Your Personality 
    Obviously as an entrepreneur your primary business role will be as boss. But this is not the most practical way to plan what you will be doing for thecompany on a day to day basis. Odds are your company will be more successful if you are able to create a niche for yourself within the company that fits your specific personality.  
    #20- Determine your strengths and make them your business role. 
    If you are more confident in one aspect of the business, say selling your ideas to other people, then that is the best way for you to place yourself into the business. Always play to your strengths. Avoid being in charge of selling the company’s ideas to others if you are a horrible salesperson. 

    #21- Avoid doing it all. 
    Very few successful entrepreneurs do it all themselves. Part of being a great business creator is sharing the load in the most effective manner. This will be the reason why you will hire competent and useful people. 


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    Bringing in Professionals


    Since you won’t be able to do everything required to create a successful business yourself you will have to bring in others. Who you choose to help you operate your company will go a long way towards determining how successful it will be.

     One of the most important tasks for any entrepreneur to master is the art of hiring the right professionals for the job. You simply cannot afford to lose time, money and results by hiring the wrong people.  
    #22- View your employees as investments. 
    Each and every one of your new employees is an investment in your company. On average, the cost of hiring a bad employee for a company is between $25000 and $50,000 a year. Add in training and finding new employees and you can see just how important it is to ensure that you get the proper return on your employee investments.  
    #23- Hire slow but fire fast. 
    It is important to take your time and do the right research when it comes to going through the process of hiring an employee. This helps to ensure that you hire the right person for the job. But be ready to get rid of that person as quickly as possible if they aren’t working out. Remember that employees are investments and you want to drop bad investments as soon as possible.  

    #24- Look for competency. 
    Valuable employees are competent people. They have the skills, education and experience to get the job done. Figure out what skills you need and hire only professionals who can prove they have the competency to perform those skills.  
    #25- Check for compatibility. 
    A good employee can not only do their job properly, they can also fit into your work environment. You will want to find professionals that are compatible with your business, its goals and its ethics. You also want to hire people who will get along with your employees and customers.  

    #26- Gauge commitment. 
    Turning a startup into a successful business requires tons of commitment, from both you and your employees. The right employee is serious about helping the company succeed and has the commitment to see it through. One way to gauge a potential employee’s commitment level is to look through their work history. 
    #27- Choose capable people. 
    When looking for a new employee you will want to find out if the person is indeed capable of performing their tasks and if they are likely to go beyond
    their required functions. A capable employee will grow with the company and take on new responsibilities as they become necessary. 

    #28- Choose people that fit into your company’s culture. 
    Every company has its own distinct culture. This refers to how people communicate with one another, the different expectations they have regarding daily work and the various policies of the company. Employees that don’t fit into this culture can often cause problems and diminish efficiency. Therefore, it is always a good idea to hire people that will fit well into the culture of your company.  
    #29- Plan to compensate appropriately. 
    It is extremely important for an employee to feel appreciated and appropriately compensated. If they feel like they are not being paid what they are worth they will probably under perform at their job. Plan to compensate new employees according to what they are worth and ensure that the new employee is truly satisfied with what you are willing to offer them.  
    #30- Speak with former co-workers. 


    Every candidate will provide you with references, but odds are these references are going to provide only positive answers to your questions. You may have to dig a little deeper to discover the real facts about a potential employee. Therefore, it is always a good idea to speak with the candidate’s former co-workers, including their past bosses. 



    The Entrepreneur’s Mindset 

    There is a significant different between people who start their own companies and truly successful entrepreneurs. Many people start their own businesses but few people actually achieve the kind of success they dreamed of at the start. What is the difference between people who start up their own business and successful entrepreneurs? The answer is the entrepreneur’s mindset.  
    Few people actually think like true entrepreneurs. There is a difference between creating a job for yourself and creating a business. A business is something that could still be operational if you, the creator, was to leave. 

    That means that you have been able to create a functional entity, not just a job position where you do all of the work. This is the type of mindset you must have if you want to become a truly successful entrepreneur.  
    Creating an entrepreneurial mindset starts at the beginning, before you do anything to start up your company. It means having a grand vision and passion.  It means carefully considering all that you want your company to be before it even exists. It means imparting your vision, your dreams and your principles into the company right off the bat. 

    You need to ask yourself meaningful questions so that you are able to focus on more than just the day to day functions of running your business. Your business must be built upon your dreams, your passions and your principles. 

    This is the difference between a job and a business.  In addition to how you view your business, you also need to make sure that your personality and your character are appropriate for the struggles of being an entrepreneur. Becoming a successful entrepreneur is long hard work that takes a lot of dedication. 

    Some of the personality and  character traits required to become successful in this venture include organizational skills, the ability to handle pressure, a tolerance for risk, a strong mental drive, a competitive nature, a healthy outlook on life, a positive attitude, decisiveness, patience, optimism and pure strength. This lifestyle also requires self-confidence and independent thought.  
    It is possible to cultivate an entrepreneur mindset into your daily life if you don’t already have one built in. 

    Some people are naturally designed to be amazing entrepreneurs, while others have to develop these traits within themselves. It doesn’t matter which of these two examples you happen to be. As you have already learned, true entrepreneurism comes from passion and desire.

     If you have the right amount of passion and desire to achieve something, then you will have the appropriate drive to make all necessary changes and alterations to yourself to make these things come true. This is the art of developing an entrepreneur’s mindset.  
      
    Taking What You Have Learned and Incorporating It into How You Think  
    Having an entrepreneur’s mindset means to incorporate everything that you have learned into how you think and act every single day. It means to focus your energy on what is necessary to succeed in your life, which includes succeeding in your business.

     The successful entrepreneur does what is necessary to do their job right. This could mean practicing how to focus on the positive aspects, working to overcome your faults and learning as much as you can whenever you can learn it.  
    A true entrepreneur is never off the clock, even though they know when to work and when to relax. 


    The entrepreneur’s mindset can be applied to every aspect of your life, not just to how you run your business. This way of thinking can be used to improve your relationships with your family and friends, how you develop your hobbies and interests and to your parenting skills.

     Entrepreneurs are flexible, competent and able learners. There is almost nothing in this life that they cannot do or accomplish, especially if 
    there is drive and passion behind their motivations.   
    Living the Entrepreneur Lifestyle 
    There are plenty of benefits to living the entrepreneur lifestyle. For many entrepreneurs this lifestyle equals freedom, purpose and enjoyment. It also means hard work and never ending motivation. 

    The successful entrepreneur lives for their work. This doesn’t mean that their job is the only thing in their life- it means that their work is their life’s passion. 

    Could you imagine waking up every day to go to a job that you love and cannot wait to do? This is the lifestyle of the successful entrepreneur and is why it is so 
    vitally important for you to choose something that you are truly passionate about.  
    The entrepreneur’s lifestyle is also one of the main reasons why you will want to undergo this amazing transformation. It is why you want to do something different and more meaningful with your life. 

    This is the different choice. It is not the ‘rat race’ or the ‘daily grind’. It is not ‘working for the man’. It is working for yourself, by yourself and for what you appreciate the most in life. It is a life choice.  
    Enjoying Your Success


    Hopefully you will have what it takes to become a truly successful entrepreneur and will be able to push yourself to accomplish everything it takes to be successful. 

    If you are able to accomplish these feats you will be able to experience what few other people in this world will be able to feel- the ability to enjoy your success in life.  
    Almost all forms of success bring the pleasure and pride of achievement with them, but few will taste as sweet as success that is self-made. 

    It is truly an amazing thing to be able to look at your successful life, which includes your passion, your dream, your ability to live the kind of life you want and your financial security, and know that it was you who achieved it! So few people have only themselves to thank for the amazing life they live.

     This feeling is worth more than any money or material possessions you can think of. It is a feeling that can only be experienced through the success of entrepreneurship.  
    The purpose behind becoming an entrepreneur is to take the time to truly stop and enjoy your success. If not, what is the point of all of your hard work?  
    So if you think you have what it takes to take on the challenge and develop an entrepreneurial mindset, you should immediately begin the process of doing so. The good news is that there are numerous tools available to help you along the way. 

    From mastering the basic skills and personality traits of successful business owners to learning the finer points of marketing a company, there are hundreds of thousands of learning tools out there to help you achieve your goals. If you are willing to learn the knowledge it will be easily presented to you.  
    The best advice anyone can give an aspiring entrepreneur is to take advantage of the informational world we live in and to learn as much as you can whenever you can. Smart people take every advantage they can find, and the vast amounts of knowledge available is certainly a considerable advantage.

     Learn what you need to know to become a successful entrepreneur and then create a mindset within yourself that allows you to make the appropriate changes to your physical and mental self. There is nothing you cannot do if you set your mind to it!







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