Becoming an entrepreneur and being your own boss is awesome, but definitely not as easy as it seems. There are steps that can help you along in the process. Here are our 6 quick steps for becoming an entrepreneur.
1. Learn the basics
There are so many business terms, concepts and ideas that professionals spend their life learning. If you are thinking about becoming an entrepreneur, you should start with learning the very basics of business and expanding from there. Being more informed of the business basics can help you understand the real dedication and commitment that entrepreneurship entails.
2. Pick a business idea
When thinking about being an entrepreneur, you should be thinking about what KIND of business you want to start. Typically, business founders start with a passion and build from there. Love baseball? Perhaps you can help coach a t-ball team or offer clinics or lessons to younger children. For help with finding your passion, check out this blog post.
3. Build you fanbase
For most businesses, they start with a very small fanbase. This fanbase usually starts with the business owners inner circle, and eventually, slowly works outward to new fans. This fanbase is also known as your network. Try making a list of your closest family and friends. Could they benefit from your business? They can be your very first fans.
4. Test your idea
In order to know if your business will ultimately be successful, you will need to test out your idea. Try talking to your inner fanbase and test out whether your business could be helpful to them. If so, great! If not, that’s okay too! They may not be your audience. Go back to step 3 and add some people that you think could benefit from your business.
5. Make money
Probably the most fun, is raising the actual money from your business. Many people will never see how hard you worked in order to get to where you are now in your business. They may never understand all of the sacrifices you made to get there. But that no longer matters. You have a business that is viable, a fanbase ready to be customers, and a way to make money. You are on your way!
Lastly, once you have a business that is making money, you will probably want to think about scaling it. Scaling a business means being able to spread your business out to more customers. This could mean opening more stores, accessing more customers, or gaining more employees. Typically scaling will result in generating more revenue, however, the best part about scaling is that you get to share your business with a larger audience. And the feeling of offering something that someone could really need is truly priceless.