How do I learn what it's like to be an entrepreneur?
I have had an idea that I would like to turn into a business. I have a lot to learn since I have never started a business before. I first want to make sure entrepreneurship is the right path for me. What are some ways to find out what it is really like being an entrepreneur and if it fits my skills and personality?
The best way to learn anything is to do it. However, with the stakes being so high, it might be good for you to work as a network marketer or commission only sales professional first to experience what it's really like without the stakes being too high.
There's so many books and resources online; have you done any research on your own? Did you ever have a lemonade stand or sell girl scout cookies? Typical business start-ups with a new product will require a good sales person. Is that you?
A good start for anyone wanting to start their own business, is to start with why (great book). Why do you to start your own business?
Next; determine 3 things:
1. What are you passionate about?
2. What are you good at?
3. What do you get paid for, have you gotten paid for?
Once you have your "Why", you odds of success will be greater if your business is in the middle of where 1, 2, & 3 intersects.
Hope this gets you started!
1. Network and find someone that has started a business in the past 5 years that lives near you. Go have coffee with them and ask them to share what they wish they had known when they were starting out.
2. See if any of the local universities have entrepreneur groups that you could attend a meeting or a session.
Wow, so many amazing answers. What a great group of people. One of the things I like best about the entrepreneur community is how helpful people are. Thank you!
Hi Sara, I saw several answers which are all right from everyone's own perspective.
I'm not an expert, but I do have some un-official degrees attained at Life's University of Adversity.
-PHD: Persistence, Humility, Determination
-MBA: Mastery, Boldness, Ambition
-MSC: Motivation, Simplicity, Commitment
-BSC: Bravery, Sincerity, Courage
Add: Passion, Perspiration, Honesty, Faith, Integrity, Grit & Guts.
You have to take the first step on the stairs, there's no elevator.
All the best with your decision, hope I've been of help.
To know what it's like to be an entrepreneur, the answers are:
1. Experience it by become one - if you don't mind invest some money + opportunity cost of monthly salary
2. Listen to stories by joining entrepreneur networking ...hopefully you not confused by sales networking
3. Seek mentors - seek guidance and advises from seniors or expert entrepreneurs
4. Learn by studying ...MBA or entrepreneur course.
In the progress of learning ...study course to gain knowledge -> gain more knowledge from life examples -> Apply knowledge learnt by do it to experience it and seek mentoring to put you at correct path -> convert knowledge into wisdom when can appreciate entrepreneurship.
Find other entrepreneurs who you admire and aspire to be like, and ask them. It's been my experience that the good ones are more than happy to share their stories and their advice.
A friend of mine recently started a website where he does podcasts with fellow entrepreneurs. It's worth checking it out and getting some tips there. It's launchtogreatness.com. Again, this isn't my site, I get nothing from it ...it's just a great resource.
Well...you certainly have lots of input from many smart people! I don't think I can add anything to the mechanics or mindset of being an entrepreneur that has not already been stated. There are 1000's of books, articles (professional and academic), courses, seminars, mentoring groups, etc. that you can avail yourself of. But, as a longtime serial entrepreneur I can tell you that the "first time" is always the scariest and hardest to get started, and as was stated before, sometimes you just have to "do it". Even before you have all the answers. Here is my top 5 list of "things to do" for a new entrepreneur -
1. Talk to other entrepreneurs, formally or informally. Network, invite us to lunch or coffee (we are usually suckers for Starbucks) or just email or call. You will find that most of us love to tell you our war stories and there is usually a bit of wisdom that can be gleaned from each one. Trust me, we have the scars to prove it!
2. Read. But don't read everything. The concept of entrepreneurship, like the concept of management, has many adherents and thought-leaders, some good and some some not-so-much. You do not need a "how to" manual as much as you need a "why" manual. If you figure out the why, the how to will become apparent.
3. Define the job-to-be-done. Customers are defined by their need, their problem, their pain points or their job-to-be-done. How does your offering address this?
4. Find a customer. Just one...to start. To paraphrase Peter Drucker the goal of business is to find and keep a customer. Master that one concept and you will be successful. And, it is not as easy as it sounds. Finding a customer (and then many more customers) will require that your offering has a market. Your market will be defined by pain points, or job-to-be-done. Finding a customer or customers will tell you if your offering has perceived value in the marketplace...the only place it really matters.
5. Define your customer value proposition (CVP) or unique value proposition. What separates your solution from all the other solutions that are being offered? Two notes: there are ALWAYS other solutions including the status-quo (how is your customer solving this problem today?) And, if you don't see any other solutions, go back to point #3 above and reevaluate the job-to-be-done. There is a very good chance that if you are the only one who has a solution that there may not be a perceived need or problem to begin with. Do more research and proceed to step #4.
The list could go on and on. Maybe I will write a book! :)
Hope this helps. I would wish you good luck, but success in the marketplace takes more than luck, it takes hard work. So work hard. Work smart. And keep asking questions.
1) How to attract the customers for your desire proudcts.
2) Knowledge of your desire products.
3) Quality of your desire proudcts.
4) Knowledge of freight for our desire proudcts.
5) How to minimize your desire proudcts pricing.
To be an entrepreneur means knowing everything in that regard - So before starting any move you need to work for short period in any business , or hire anyone who can run the business & you can learn during that period How to run business . you need to check & find out different aspects , procedures , at any orginization to build up an idea of how to organize , with time you can you need to build up company chart ,different sections , how to work done through all departments , Its not difficult but you need to work hard .