ENTREPRENEURSHIP, A STEP TO FINANCIAL FREEDOM.
Financial struggle is often the result of people working all their lives for someone else. Why not settle with your own business? On this article, you'll understand that being an entrepreneur, is the surest option to guarantee overall business administration as well as profit maximization.
WHO IS AN ENTREPRENEUR?
An entrepreneur is an investor. The question every investor should be asking is "how fast can I get my money back?". Before we dive right into the nitty-gritty of investment, lets look at how to simply break free from your idle financial state and become a business owner. An entrepreneur is an individual or it could be a body of persons, who have fully understood the risks of running a business as well as having the IQ to solve problems, and has undergone this process - market study -investing - management - profit maximization. Virtually every business in the world today is owned by an entrepreneur. Supermarkets, drugstores, restaurant etc. are all owned by entrepreneurs.
"if you work for money, you give the power to your employer.
If money works for you, you keep the power and control it -"
HOW CAN I BE AN ENTREPRENEUR?
The question possibly running through your mind right now, don't worry, I'll explain to you exactly how to become an entrepreneur even when you know nothing about entrepreneurship. Anyone can be an entrepreneur.
It's up to you to decide when and how to start.
STEP ONE: Acquire knowledge!
"the single most powerful asset we all have is the mind. If it is trained well, it can create enormous wealth."
This is the first step to becoming an entrepreneur, you need to learn as much as possible. Most common and effective ways of acquiring knowledge is by reading books and magazines, traveling, listening to podcasts, talking to people and searching the internet for resources.
This does not only pertain to your field of concentration, it covers all areas of market interest and demand (read more about this).
"a person can be highly educated, professionally successful and financially illiterate"
STEP TWO: Start a business!
Once you acquire knowledge, what you would do next is to think of what business would suit your skills and the time you are willing to offer. It's not necessarily a must to start with money. Material things could go in place of your money as a capital. (this article explains how I started a business without money). meet people with similar ideas , ask them for tips and tricks of the business. This will greatly boost first results.
Note, if you need business growth you must me willing to invest. Once a business idea sips into your mind, don't hesitate, go on and execute it.
STEP THREE: Be consistent!
Once you start a business, your consistency will determine how far that business will go. For example you sell cup cakes at school, and you're consistent enough to make sure you bring them everyday, people will definitely keep buying every single day and guess what? you're not just making money, you're also gaining the trust of your customers.
There you have it, you can become an entrepreneur with just 3 steps, but that's not all. Remember in the definition of an entrepreneur I said 'an entrepreneur is one who takes risks', they're certain times you've have to take some risks to get what you want.
Check out my next article on "what fresh entrepreneurs to keep in mind"
IN CONCLUSION,
An Entrepreneur is a problem solver who takes risks in order to succeed in his business. To be an entrepreneur, acquiring knowledge is very important. Reading is a great way to do this, it opens your mind to a lot.(check out my article on 'importance of reading' as an Entrepreneur) It's one thing to have an idea and it's another thing to carry it out. Your ability to carry out your business plan qualifies you to be an entrepreneur.
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