image of tausif akram By: Amby
10 Feb 2014

So You Want To Be An Entrepreneur?

Thanks to technology—and a spike in unemployment over the years—you are one of many people giving thought to starting your own business. With more thanks to technology, it’s very easy to start your own business.

All you need is an idea and the money to invest in building a web presence for your business, right? Well there are a few things you can learn about being an entrepreneur so don’t quit your day job just yet.

It’s going to take approximately 10 years before you are successful.

No I do not have any proof to support that statement because it might not even be true. But it could be. Maybe you won’t even be successful at all, or maybe it could happen very quickly. The latter is the least likely to be true, but that’s not the point.

If you lost interest in your idea based on the thought that it would take 10 years to be a success… you aren’t passionate enough about your idea to stick through.

Before you can be successful as an entrepreneur, you have to put in a lot of effort with very little reward. You might be working 60 hours a week and getting paid less than a part time job at minimum wage. You might be risking your life savings on a concept.

Point: If you’re only in it for the success, or the money, you probably won’t be successful. You have to invest in your business.

You do what you do best, and invest in professional experts who can contribute to what you are weakest at.

p class="none">You will need to invest on a marketing consultant who can help you establish a unique identity that will build an audience of loyal customers eager to spread awareness of your brand so your business can continue to grow.

 

You will need to invest on an accountant because accounting is boring unless you’re an accountant.

You will need to invest on an attorney to make sure your ducks are all in a row, legally.

There will be a lot of tasks that need to be fulfilled. Investing your money on an expert allows you to invest your time on more important things.

Point: Go ahead and take a shortcut. Hire somebody cheaper with less experience. Just remember that you get back what you are willing to put in.

You get to make your own hours!!!

One of the most popular reasons why people choose the entrepreneur life… and you quickly learn that this is not as awesome as it sounds.

Work. Never. Stops. Ever. !!!

You will long for the days when you could clock out, go home and unwind without giving another thought to your job. You will long for the days when you had a boss telling you what to do, how to do it, and when.

Once you’re the one calling the shots, you’ll drive your friends and family crazy because even when you’re not working… you’re still working.

Again, you really have to love what you do if you want to make it as an entrepreneur.

Point: The things that attract you to entrepreneurship will become the things you hate about this lifestyle.

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