In order to understand business, one must be exposed to it. The steps to becoming an entrepreneur are exhausting. Although, it will all be well worth it in the end. Success is taken too serious by some. It impedes their ability to make money, and enjoy their time doing it. Even if one's failure consists of bankruptcy, it is still another page in the book of life.
To become an entrepreneur one must always realize that money dies. Money can not be carried over into the grave and while some stress over it, those who truly 'live' and enjoy their every minute of life, do not let a salary define them. Money may die, but stories will last forever.
Opportunities are endless and deciphering the good from the bad can be difficult. However, one's ambition and instinct can carry them a long way. Hard work is not determined by the task at hand, but rather the force applied to the given task.Starting Small
Anyone in their right mind would not start up a huge company, with hundreds of employees and multiple locations, before starting small. Starting off small helps to manage finance, and depict the potential of the company. Now predicting how successful the company may become is impossible, but starting off small will act as a safety net. If products are developed without a known demand, (i.e. customers are lined up to purchase your products, or carry them in their stores) then it is better to have invested less into an unsuccessful company.
Before you find yourself in such a hole, however, extensive research should be done to determine your market. Consult friends and family about your idea, but only after it has been patented (if necessary). Sometimes we can be ignorant when it comes to our ideas, so asking someone else's opinion allows for a better perspective on the market value. If it intrigues them chances are there are more people who are interested. If not, your probably better to set the idea aside for another day.
After your company has been proven successful, it may, or may not be wise to expand. Some companies only thrive in certain areas. Again research is key. Expanding should be gradual, and establishing a solid financial ground at each branch is necessary before creating a new one.
Enough Common Sense, Why Am I Not Rich?
The average person is not taught how to make money. They see how their parents manage their lives and imitate it without knowing. Wealthy people manage their lives better than your parents. Three things you need to manage in order to be rich...
1. Management of cash flow
2. Management of people
3. Management of personal timeTo be continued...
