☑ HOW TO BE AN ENTREPRENEUR

So you’ve decided that you really want to go into business. Then another question hits you: what specific business would it be? At this point some will think it over and get overwhelmed by the endless choices. On the other hand others will get discouraged realizing there’s risk at every possible business idea he or she may be interested in. Both tendencies are signs of an inadequate understanding of how to become an entrepreneur.

THE DEFICIENCY IN EDUCATION 
The challenge and promise of entrepreneurship appeals to every working adult and more often than not they are ill equipped to wrestle with the question. Many of those who invested in a business trainingdo not proceed with their business plans despite their newly-earned skills. Others go back to enroll elsewhere on the basis of an entirely new business plan. The indecision is usually attributable to an inadequate understanding of entrepreneurship.

With the crucial role entrepreneurs play in a market economy, one wonders why the basic school system trains up kids to either become professionals or employees only? Such an improvement in education would be great, however, there’s nothing like real-life business experience to nourish a budding entrepreneur.

EXPERIENCE IS THE KEY
Simply stated, a person becomes an entrepreneur through experience, not through education. A child who gets exposed to a successful family business will usually grow up prepared to become an entrepreneur later in life if he so chooses. An adult contemplating entrepreneurship could earn the same advantage if he can get a job that would expose him at the forefront of a company’s business.

This formula has been proven time and again by employees who, after learning the in’s and out’s of a business, replicated its success with their own miniature version of the business. Others, after mastering the procurement game via their association with suppliers, set up an agency for suppliers and enlist their former boss as a client.

BUY YOUR OWN EXPERIENCE
The fastest way to gain a business experience, however, is to set up your own business for the sole purpose of earning self-confidence as an entrepreneur. Indeed this is the most realistic approach for people who have the money to invest but do not have the experience to back it up.

For this purpose, be sure to invest only as much as you can afford to lose but play to win seriously as if your entire savings is on the line. Each little successes you’ll enjoy would earn you valuable lessons but the most educative experience you’ll get is from your major failures.

So, again, what specific business will it be? An experienced entrepreneur will simply say “it doesn’t matter any business will do’. Out of the many choices he may have, would still pick the one he derives the most pleasure from. Inexperienced entrepreneurs, however, don’t have the luxury of choice.