So you’ve got entrepreneurial dreams. Now what?
If you’re going to take the plunge, you’ve got to enter into a venture with longevity in mind. Seems obvious enough, however, if you’re approaching your goal of being an entrepreneur and you have little to no experience, then it’s possible you’re being driven by the wrong reasons.
Let’s take a moment and look at three areas you should think about seriously before suiting up and heading out on your entrepreneurial journey.
What’s The Reason?
There are many valid reasons for wanting to start your own business and they may vary from person to person, but if your primary reason includes at least one of the following, statistically speaking, you’re headed down a slippery if not entirely disastrous slope.
- To Make Lots Of Cash
- To Be Your Own Boss
- To Spend More Time With Friends And Family
Instead, think about whether or not your venture is actually solving a problem. If it is, then it should also be supported by these two ideas:
The idea that you are passionate about your potential idea or business. This includes believing in your idea in addition to being educated in or doing all of the necessary research about your particular area of interest.
That you are head strong. You’re going to need patience, a good attitude, and an overall developed sense of determination to face the inevitable lows that are going to come your way. Talk to any entrepreneur about his or her battle stories and you’ll see just how many there were and how they managed to overcome them.
Your Management Skills
You’ve absolutely got to be a good leader who will make decisions on the fly, plan well, organize well, and constantly be in touch with your market. In addition, your vision for your startup and where it’s headed has to be crystal clear. If it’s clear, then you need to be able to communicate that and project this vision to your team.
When things get rough, you’ll be the guiding light through transition and challenge.
Thorough Planning And Execution
A great idea isn’t sufficient. A structured long-term plan which includes various testing-points is more important because business will surely through challenges at you that you couldn’t have anticipated regardless of your planning skills. That you’re passionate is excellent, though passion without preparation is just going to set you up for disappointment very quickly.
Don’t look for the easy way to success! Put your head down, do your research, get educated, network, or take courses. It’s intimidating at first, but once you take that first step, you’re on your way.
If you focus on these three essential areas before venturing out on your own, you’ll be more prepared than many and that’s saying a lot considering how rough the waters can get!