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?
Besides knowing everything there is about your idea, you need to be open-minded to the various ways you turn your idea into a business. Be creative and innovative, and understand the value your idea will be when it goes out in the marketplace. The risks you take should be calculated risks. Look for patterns that your idea will have with other products and services already existing. Make sure your idea has empathy- what I mean by this is that you need to take with consumers to find out how your idea will benefit others and see who your idea will help.
Buy something or make something or provide a service and sell it to someone else at a profit repeat.
Would you do it for free if you had the money and the means, Would you put in 18 hr days or 90 days in a row. Most overnight successes really took years and other peoples money, You'll need stamina and be willing to take on every type of task and learn all kinds of new skills.
Entrepreneurship entails taking risks, personal satisfaction, and requires perserverance. You have to have a passion for your idea and devote the time to try to make it happen. I would suggest that you take a course on entrepreneurship at your local college or university to understand the totality of what it takes go turn an idea into a commercial success.
A few weeks ago someone asked about entrepreneurial networking groups, and my answer there applies to you: http://www.mosaichub.com/answers/question/do-you-belong-to-any-entrepreneurial-networking-gr#47056
Essentially, I wrote:
1) Find a mentor
2) Seek a successful person in your field and interview them; better yet, ask if you can "shadow" them for a week or so to get a feel for the business
3) Seek a few people in your potential client base and see what it's like to serve them; perhaps, with a friend, you can even role-play closing the sale and then providing your product/service and follow-up. How would it feel to do this on a daily basis?
You might also read several issues of Entrepreneur magazine as well as Fast Company, and see if the ideas expressed resonate with you and light your inner fire.
NOTE: I answered a similar question on Quora, so I'm just copying from there to here with a few extras at the end.
It takes a lot of GUTS to be one! (don't be scared by that). You have to be determined to face everything that comes your way (good or bad). Be ready to take the "punches" that come; to hear the phone slammed on you from the other end; to hear more "NOs" than you hear "YES".
On the flip side, you have to be ready to take the pressure that comes with success. You have to be able to sustain the process; to replicate what you did right, and possibly make changes as you go.
You have to be firm with your decisions, even if it costs a friendship or a client. It's often a lonely road, and it will mold you into someone who can stand the test of time.
It's not all doom and gloom by the way, because at the end of the day, you are doing what you enjoy and making a positive impact in the lives of your clients, family, friends, and your community at large.
To find out if it's the right path for you, you have to really search your motives:
- Is it for the money?
- Is it to prove a point to someone?
- Is it to make an impact and effect positive changes?
- Is it to obtain the freedom to do what you want?
- Is it to create the lifestyle you want?
- What's drives you?
To best way to find out what it's like and if it fits your skills...is to find out how your skills can help someone else. You know by actually going out there and doing stuff!
[Case Study] When I started my business, I didn't have a website and didn't know how to get one, So I acquired the skills to design a simple Wordpress website by watching what others did on youtube and went on to design my website...fast forward...I now design Wordpress websites for other businesses. 7 projects in the pipeline as I type this.
Will it fit your personality? It's up to you to determine that based on the experience you acquire down the line. If you find out it's not for you, then you can always move on to do other things. The ultimate thing is that you'd have learnt some good life skills in the process.
To add to what Ronald said about finding a coach or mentor, you need to also be careful, and try not to jump at everyone who says "I can help you". Do your due diligence and find if what he/she is doing resonates with you and where you're headed. Everyone needs a mentor, but not all mentors are for everyone.
I hope this helps...all the very best!
Entrepreneurship is a challenge that is constantly changing. Every business has its own set of problems to solve. I think it takes a personality that isn't afraid of risk, someone willing to dust themselves off and keep going when faced with a failed solution to the many unique issues that one encounters when in business for yourself. It's exciting, empowering but insecure. You may want to find a business partner or mentor with experience in developing a successful business like yours, to help you avoid some of the mis-steps that could derail your new business. Two of the most helpful books I have read are the E-Myth and Playing Big. But the only way to find out if it's the right path is to try it — no amount of reading or talking can answer how it will feel to you when you are in the thick of it. Best of luck in whatever you decide to do.
You will have to open to change and be willing to take risks. It's not for everyone, but it is exhilarating/terrifying/rewarding all at the same time. You must also be willing to fail at things and be able to pick yourself up so you will need to know if you have shown to be persistent because hard times are almost guaranteed to come. I am not saying any of this to discourage you because I always tell people to go for it because if all works, there is no better feeling or situation to be in.
Best of luck!
Entrepreneurship can be taught but it starts with thinking differently.
You will find, amongst many, definitions of what an entrepreneur or entrepreneurship is but, I'd sum it up as "a person or persons who approaches problems from a solution based angle and challenges themselves to identify ways to solve them".
I have had an idea that I would like to turn into a business.
- Does the idea seek to solve a current problem or serve a future need? Ideas don't make an entrepreneur, however, if the idea leads to solving a problem, then it can be turned into a "business idea".
I have a lot to learn since I have never started a business before.
- Surely, there's a lot to learn but it starts by doing. Your best bet is to identify a coach, mentor, preferably, someone who is currently doing what you intend to do and learn from them. I'm sure you'll find lots of self help start up services locally to you.
I first want to make sure entrepreneurship is the right path for me.
- Entrepreneurship is a way of life and can be very demanding. There are many challenges including changes to your lifestyle in most cases attitude to life.
What are some ways to find out what it is really like being an entrepreneur and if it fits my skills and personality?
- To find out what it really is like to be an entrepreneur is to talk to one, speak with one and would be helpful to work with one.
There are lots of entrepreneurs out there and I'm sure you will find one that will be willing to share their experiences with you. This should help you determine whether you have the mindset or attitude to embark on this life changing journey.
Hope this helps and gives you a starting point on your journey.
Feel free to to connect if I can be of further help.
Best of luck