While it may seem like an attractive lifestyle, becoming an entrepreneur isn’t for everyone. Entrepreneurship requires certain character traits, for example, the ability to be patient and to take risks.
When I started my side hustle, I had no idea what this entailed. I thought it was cute to write blog posts and dip my hustler toes into the entrepreneurial pond. You must first get comfortable with being uncomfortable, and kicking the fear out the door. For one of the first times in my life, I came face to face with the fear to even put my name on my work, the fear of others’ perceptions, and ultimately the fear of failure and being laughed at.
Nothing beats the exhilaration of making it in business on your own terms, and the benefits of entrepreneurship are plentiful. Aside from financial stability, perks include setting your own hours, creating a career that aligns with your values, and having complete autonomy over the direction your business takes.
Entrepreneurship Financing
At University of the People, we encourage our students to pursue entrepreneurship and think outside the box. Entrepreneurs are often involved in philanthropy and volunteer work in their communities. Their donations to charities, time spent volunteering, and support of local businesses are some of the ways they give back. If you create your own designs for t-shirts, art prints, mugs, etc., a similar option is to offer printing on demand. Printing on demand is where you partner with a supplier to print your own designs on white labeled items that are only created when a customer purchases them. This way you sell only as much inventory as there is demand for, and never have to store or ship the products yourself. A stable market is one that generally is immune to shocks and bumps.
Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. Entrepreneurs who fit into this category tend to be hugely resourceful, because all through their lives, they have had to be. They are proof that success in business is often more about an ability to be resourceful, rather than having lots of resources. When Sarah Blakely’s Spanx idea took off, she had zero business experience.
Writing A Business Plan
So we see them as bad and try as much as possible to stay away from them. Read more about gennaro lanza malta here. Even if that involves pointing fingers and shifting the blame. However, being an entrepreneur means, first and foremost, admitting that fear is definitely involved. But it’s also learning to use that fear as fuel instead of as an obstacle. To use the fear as energy to create more, work harder and innovate more.
As a new entrepreneur, you most probably will face rejection and other obstacles. Maybe your family doesn’t support you or people think you’re crazy for wanting something different. And your business ideas might not always work out (just like my early ventures didn’t). Now, while a huge business with hundreds or even thousands of employees might look successful on the outside, it isn’t always so. Not all of those businesses that succeed are very profitable. Just look at companies like Uber, which despite being a multi-billion dollar business hasn’t turned a profit yet. When you sign up, you’ll also receive regular updates on building a successful online business.
