Becoming an Entrepreneur Archives

Article by Lydia Parrott

The main thing that it takes to learn how to become a successful entrepreneur that people in regular jobs don’t have is the ability to fail and pick themselves back up. In order to do this they have to know that they are meant to succeed. Looking at failure as just another stepping stone to get to where they are supposed to be.

My name is Lydia Parrott. I have been an entrepreneur for several years. It took me a long time to stop listening to the old tapes in my head that said, are you are a failure, you will never make it, you may as well give up, you will never amount to anything. I finally realized that if I was even going to become successful at how to become an entrepreneur, I would have to replace those bad thought with good thoughts.

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Passive investing tips, become an entrepreneur

Article by Ryan Moeller

One of the big motivators for becoming a real estate investor is to get out of the rat race. Real estate investing can be an 80 hour a week job, or it can provide you with financial freedom and a lifestyle where you get to choose how, when, where, why. The key is to become an entrepreneur. Many think of an entrepreneur as just a business owner, but an entrepreneur is much more.An entrepreneur can be sipping on Mai Tais in a far off land while his/her business or better yet businesses are running themselves and increasing net worth and cash flow. Here are some tips to become a passive investor and true entrepreneur.1. Create a strategy and business plan – Every hour you spend on creating a strategy and business plan will save you 10 hours of wasted time trying to wing it.2. Separate yourself from the daily processes – This is the tough one. Many cannot grasp the idea of delegating anything. They are do-it-yourselfers and trust no one. Change that and go with the strategy “If I don’t have to do it, then delegate” and separate yourself from as many daily processes as you can. Your business must run on it’s own. That means hire property managers, project managers, assistants, contractors, attorneys, office managers, sales/agents, CEO, etc.3. Create systems and build teams – Document systems, improve systems and build teams to handle all the processes in these systems. Then duplicate.4. Spend your time on continuous improvement, strategy, growth and high level decisions – These are the tasks that add value to your business but do not have to be done everyday to keep the business going. Duplicate your teams and systems, always improve and be opportunistic and well as fend off threats.5. Lend your money – Financing is one of the biggest challenges for businesses and real estate investors today. Find a trustworthy business with a successful track record and strong business plan and become a passive investor partner. You can be an equity partner, joint venture, private money lender, hard money lender, angel investor, etc.Have you ever heard that only 4% of seminar and boot camp attendees actually do something? That means 1 in 20 people at your weekend seminar will succeed. Most people will say it is because they do not do anything. While I agree with that, I think the reason they do not do anything is they are intimidated by the time it will take for them to build the business. To overcome this: create a strategy, systems and a team that can separate you from daily processes. Then focus on entrepreneurial activities. Once you achieve this, get some hobbies, volunteer, give back and spend time with your family with all the free time you will have. Happy Investing!Real Return Real Estate

Article by Yolanda Allen

You show up for work one day and find out there’s a new boss. You wonder what happened because nobody told you. And to top it off, on your desk is a note from the new boss. “Come see me in my office. I want to talk to your about your performance.”

The butterflies start flying in your belly. Your heart beat quickens. You start to sweat a little. As you walk down the hall to the boss’ office, all kinds of thoughts run through your head…who is the new boss? Has my performance been okay? How do I look? What will the boss say? Have I done anything wrong? Am I going to get fired? Am I doing enough? What’s going to change?

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Article by Chery Schmidt

Have you ever thought about quitting your job? Saying a finale goodbye to all of your coworkers? Do you have what it takes to be an entrepreneur?

An entrepreneur is a person who will take risks and try out new ideas to make money. This is someone who is looking for a way to make a living other than working a traditional job. They are open-minded to do things differently, very disciplined and coach able. To have leadership qualities, to train and educate others to become successful.

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Question by Rose: What is the future career field of becoming an Entrepreneur?

Best answer:

Answer by Wayne Landry
Well, there are many ways to earn an income, either online or offline for Entrepreneurs.

I personally struggled before I was able to find the right field for me, I’m a tech-savvy type of person, so most people thought it would be easy for me to get started as an Entrepreneur. But until I was able to put my skills to use, I did struggle.

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Article by Warren Waite

If you are truly tired of working for businesses owned by somebody else start minding your own business. Possibly at some point you have given the concept of becoming an entrepreneur some consideration, but became overwhelmed by the confronting hurdles, store space, office space, shop space, equipment, materials, people, money, time, etc. In the end it is all about the willingness to take the risk and become an entrepreneur. The easiest way to minimize your risk is to begin a business part time from your home. The personal PC and high speed internet access affords this opportunity to most anyone who wishes to become an entrepreneur. Build a website and market. A business that grows and prospers will likely be the greatest individual reward you can provide yourself and your family. You can not pass down your job to your children, or sell it when you are ready to retire, but with a business you can.

When you use the internet to search you can usually find information for free through search engines, but in the end someone is marketing. Your thoughts are not likely focused on the marketing aspect, because you are only searching for information, but some marketing had to take place for you to find it. This isn’t always apparent, but it is happening. Giving away information for free pays. Linked information from various sources helps a particular website be found. The website is the home business entrepreneur’s store front. In order to do business, it must be found. Conventional word of mouth and business card exchange will not drive the same quantity of traffic that a worldwide exposure is capable of producing

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Serial entrepreneur since the age of 12, chairman of start-up businesses, and mentor to fellow entrepreneurs, Neville Christie, answers the age-old questions: Are entrepreneurs born or made?  So what?  And how do I start?

Entrepreneurs are agents of change.  And in this age of fantastic change, around the world the number of entrepreneurs are steadily increasing.  There are business entrepreneurs.  And social entrepreneurs.  Not-for-Profit entrepreneurs.  Millionaire-making entrepreneurs.  Broke entrepreneurs.  Armchair entrepreneurs.  Hi-tech, lo-tech, no-tech entrepreneurs.  The list goes on.
Born or made?
But, “Are entrepreneurs born, made, or a bit of both?” 
If you investigate the life-long applied research of behavioural scientists like Dr David McClelland of Harvard University.  Or if you look at my own work in both the developing and post-industrial worlds over the last 43 years.  You get the clear answer to your question.  “Both!” 
Entrepreneurs are both born AND made.  You are both born and made as an entrepreneur.
Some things help
There are some birth and upbringing factors that help.  If, for example, you:
·    are male
·    are first born whether male or female
·    have the habit of being not a gambler risk-taker, but a calculated risk-taker
·    your personal need to achieve is higher than your need for power or relationships
·    you are under 54. Or over 54.  [It's absolutely never too late to start]
·    you have a ‘restless gene’.
In the USA, for instance, in one study, 63% of start-ups were by men, with 18-to-34-year-olds accounting for 44% of new firm creations. This compares with 47% of start-ups initiated by men and women aged 35-54, and 9% for those 55 and older.
Regardless
But regardless, of these factors, you, I, anyone, can learn the e-TASKs involved in being a [potential] entrepreneur.  That is as we develop the:
·    E-xperience
·    T-alents
·    A-ttitudes
·    S-kills
·    K-now how of entrepreneurs.  And as we put ourselves into entrepreneurial
·    S-ituations.
Practice, practice, practice
And, as we practice.  No entrepreneur emerges Day One as a Ye Compleat Master Entrepreneur.  We all start as the Master’s Apprentice. We all learn our craft.  Learn by our self if we must, but hopefully with the aid of a Master Mentor or two, a buddy or two, and a team.
The one really key deciding factor seems to mental.  It’s our desire, will, commitment that ultimately decides if we take the entrepreneurial leap of faith.  Or we stay rooted in our armchair:  “None of makes an impression on the world, sitting down.”
Love learning
Entrepreneuring is an art, a portfolio of skills, and practice, practice, practice.  We learn not just by sitting in our armchair, thinking -  which is also important.  But ultimately by doing.
This is why many university-trained professionals sometimes have a harder time in being successful entrepreneurs. First we must un-eTASKs them as part of eTASKs-ing them as entrepreneurs.  And we must get them out of their head and into their body-soul-spirit.
Winston Churchill said, “I love learning.  I hate being taught.”  Similarly many highly skilled and successful entrepreneurs, inventors, scientists, political leaders do badly at school.  And opt out of college or University. The long list includes Steve Jobs, Henry Ford, Richard Branson, Bill Gates, Kerry Packer, Soichiro Honda… Albert Einstein, Winston Churchill, Charles Darwin…Socrates, Thomas Edison, Oprah Winfrey, Abraham Lincoln.
But we/they are life-long learners.  And, typically, we have a huge capacity for self-learning and learning – especially by doing, trialling, experimenting, having a go.
The good news.  Malcolm Gladwell in his fascinating book, ‘The Outliers’, evidences, Mastery of any skill set takes just 10,000 hours of focused practice!
Start now
You, and I, get to be Start-Up Entrepreneurs right now.  Then to be Up-Start entrepreneurs and eventually Master Entrepreneurs, by taking seven initial actions.
1.    Work out our life purpose.  We work out very clearly, perhaps with help, what our life purpose is, why we’re here on this planet, what difference we want to make.  So we make this life purpose the foundation Purpose of our Business.  See Life Purpose.  And Business Purpose.

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Enjoy the Advantages of Becoming an Entrepreneur – Why I Started my Own Business.

Among the many advantages of becoming an entrepreneur, 5 were directly responsible of my jump from a secure job to my entrepreneurial adventure. Four of these advantages can be summed up in one word: Freedom. The fifth one is, according to me, the most important advantage of becoming an entrepreneur.

The first advantage of becoming an entrepreneur: Financial freedom

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I am going to be 18 in 30 days from now. I have just done an introduction course to computing and IT at College. They taught me how to use Dreamweaver and also gave me a better understanding of how to program computers. I am now going to do a business related course at college. I might want to attempt to become an internet entrepreneur. Do you think that I should ask for a copy of Dreamweaver web-design software for my Birthday to enable me to try and create my internet projects, and would it be worth it?

Life is a continuum – so change is inevitable. In the life of a female entrepreneur, then, this inevitability affects her not only personally, but also professionally. While some change results in higher profits and greater personal and professional satisfaction, other change may result in a situation that drains a business owner’s resources and leaves her feeling unsure about the best next step for her business and for herself. This shift also may result in another shift: a previously content and confident business owner, living as her ideal entrepreneurial type, transforms into an entrepreneurial type that simply doesn’t fit.

 

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