So we are joined back
together after a much-needed break on my part, I hope everyone is finding their
week to be a great one. Today we are going to speak on what is entrepreneurship and how we can
succeed at it. Entrepreneurship is the activity of setting up a business or
businesses, taking on financial risks in the hope of profit. That is
the hope and
dream that we all have, is that our business will be needed as much as we hope
and believe it is and that we can make money with it. Entrepreneurial
opportunities can range from many
different things, from real estate by being a realtor, home inspector,
handyman, and many other choices.
To other industries from
legal, finance, product supply, or the good old school way of running a brick
and mortar store. My favorite part of being an entrepreneur is the history of
entrepreneurship. Now if you have listened to our podcast which can be found as
What Benefits You podcast and that just so happens to be a up and coming
business podcasts as well. I have said on there many times that in the 1930’s 90%
of the population in our country were entrepreneurs! With only 10% working
for the bigger corporations. When World War 2 came around everyone was either
on the frontline fighting or in the factories working.
This changed our country
to rely more on the bigger corporations which made them thrive in our time of
need. When the war was over our country never made it back to its entrepreneur
roots. Our country is now 10%
entrepreneurs and 90% working for the bigger corporations. The great
thing about being an entrepreneur is that you can do this at any age and no one
can say you are too young to make money. Which gave way for the time of the
youth entrepreneurship, there are kids that are younger than 18 years old that
are making more money than their parents combined!
They do this because they
are using their strengths on the computer and internet which bred the web entrepreneur. They are not limited
by city or state limits, not even
limited to their own country! This makes our world that much smaller when it comes to business and increases the income you can make by three to four times at the minimum! If the web is not your strong suit that is okay, that is why they make classes for this.
limited to their own country! This makes our world that much smaller when it comes to business and increases the income you can make by three to four times at the minimum! If the web is not your strong suit that is okay, that is why they make classes for this.
Everything starts with
knowing the basics about the internet and putting your company out there, so
you can build a brand. Easiest way to put your company out there is……...social media! Social media has given us
some pretty successful entrepreneurs, they made it big from the reasons I gave
you (no limits on who they can sell to). So,
start out small, build a Facebook business page for your business first. Then
build your website to build your brand up (hint: Linking your website to your social
media pages as in Facebook, Twitter, and Reddit boost your websites SEO Search Engine Optimization and will put
you in front of more people) People got to know that you even exist before
you plan to take the industry by storm.
This will give you a quick
start on how to start your business. Remember that this process takes time and
it is a rare occasion when someone makes it big overnight, but if it was easy
than everyone would be doing it. This is also a reason why it is easier to
start a business in something that you are passionate about. Now let’s look at
the part of the entrepreneur definition “taking on financial risks in hope
for profit”. This is always the
hard part about being an entrepreneur, it is also the part of running your own business that will break your spirits and send you back to a 9 to 5 job. Now before you find this demoralizing, do not worry!!
hard part about being an entrepreneur, it is also the part of running your own business that will break your spirits and send you back to a 9 to 5 job. Now before you find this demoralizing, do not worry!!
There are many
entrepreneurs that still work a 9 to 5 job while they are starting their own
business. This is a very smart idea! Need me to repeat? This is a very smart
idea!!! The first three years of a new business is the hardest to make it
through and that is ok. Some businesses make it big before the three-year mark
and that is cool too. But what people are wanting to see is some security
before they feel right about leaving the security blanket of a 9 to 5 behind.
So, this is what you do,
work your 9 to 5 and put in some extra hours after your “day job” to put in the
grind on your own business. After you
have stocked up some cash and you are seeing a frequent cash flow from your
business. Then and only then is the time you think about leaving your 9
to 5 to go work full time with your business, this will make you a
successful entrepreneur. Do not
forget that your business will require to have some money spent on it (Don’t
worry it’s a tax write off) to get off
the ground. Whether it is on marketing, self-development, product research,
or many more selections.
You are not a big conglomerate that already has a brand built, you must build yours
and even if you are one of the big guys in the business they still build their branding campaigns. Hints why they love the Super Bowl commercials and spend billions on marketing every year.
These are the types of
classes you need to look for and yes, I have taken a few of them myself to
build the businesses I have today. Remember why you are here and building your
business. Remember that you are a part of an elite few in our country that
dreams about bigger and better things. You want more with your life than just
the monotonous 9 to 5 grind.
So, congratulations, you
have made the first step into a brighter future
Here’s to you and your
thriving business!!
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