This is the third part of a series on entrepreneurship that is running through this month each Wednesday. I’m glad that you are joining us, I hope that you will participate in the conversation in the comments!
I really appreciated what you all had to share and to add to the discussion! Most of you agreed that mindset and continual education are both essential for the foundation of being an entrepreneur. Quite a few mentioned that lacking in those areas are what cause the majority of entrepreneurs to fail in business.
Marcus Baker brought up the point that one of the biggest barriers to business owners is that they hold onto the employee mindset. What an excellent point because most of us have been an employee at one time or another so we know being a good employee involves a mindset to please the superiors, follow a job description, etc. That mindset is not going to work for an entrepreneur who needs to make decisions that will directly affect his or her income. An employee gets paid the same wage or salary regardless of the output, an entrepreneur will not.
There were a couple of other points that seemed to stand out as several of you mentioned them as well. The first is that we need to expect obstacles because it’s a matter of if and not when they come. The other is to look at mistakes as bringing us one step closer to what works and not falling into the failure mentality. I ran into my own obstacles last week and if you are interested in reading about how I dealt with them, read Fight the Resistance.
Onto the next step of entrepreneurship! (Though don’t ever expect to be done with mindset and personal education – those are both things that you will need to work on continually!)
Once you have begun to lay the foundation of your entrepreneurial journey…
You are ready to start looking into what type of business you want for yourself.
This is key because you need to find something that works for you on a variety of levels:
- It needs to have the potential to meet your income goals
- You need to be passionate about it
- It needs to fit into your “why”
- You should have some knowledge about it or at least the eagerness to learn
- It should fit with your natural talents and abilities
- You should be able to envision yourself accomplishing many goals through it
There are many, many options as to which direction you can go – but only you know yourself and the answers to the above points. Whatever you do, don’t let anyone else tell you what you have to do or what you can’t do.
Don’t limit yourself!
Everyone has their own ideas of what will work for you, but they are not you. You are you and you know what you love, you know what you are good at, you know what gets you up in the morning.
Other people may have their own motives for telling you what you should do, many times they will benefit financially or personally if you join them. If someone is pressuring you to join them that is a clue that you shouldn’t. Do you really want to work with someone who is pressuring you? Joe the Guru just wants your money, Sally your sister-in-law wants your companionship.
What do you want??
Perhaps you want to create something yourself. Many people choose this route and do very well at it. The important thing is to educate yourself. Find out what is needed to really make a living at what you are looking at – the cost versus income. Also the time involved because we all know that time is money!
If you have physical products that you want to create and sell such as jewelry or clothing you can purchase an online store through companies such as ebay and etsy. Ebay even offers classes on how to become a top seller, you can purchase books on the topic. I’m sure that you can easily find information about selling on etsy as well.
You can also use a blog to promote your items, I write about how to effectively blog in order to reach the right audience. You can download my free ebook Blogging Basics (see freebies tab) or you can go to my Blogging Tips tab to find relevant posts here on my blog. Also I am working on a more in depth book on the topic which will be available for purchase pretty soon.
When you blog another way that you can make money is to sell affiliate products, that is where you find products that others have already created and you promote. When someone purchases those products you receive a commission! A word to the wise, only promote items that you personally use and believe in! You don’t want to accidentally promote something that turns out to be junk and lose the trust of your readers and followers!
If you like writing or have knowledge to share then you could write books to sell as PDF, a kindle book, or even a physical book. Amazon makes it pretty easy for regular people with limited funds to create books! As a test I turned one of my PDF books into a kindle book, it was really easy! I will save the how-to for another post outside of this series!
There are many other ways to become an entrepreneur, your imagination and passion to succeed will be your limit! We will discuss more next week!
It’s your turn! I would love to hear your thoughts and questions! Please share in the comments and if you found this post valuable please, tweet, share and vote! Thank you!
To Your Success,