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Becoming an Entrepreneur - What Does it Take to Be a Successful Business Owner?

By Edited Jun 27, 2015 3 10

Exploring the Benefits of Entrepreneurship

There are many benefits of becoming an entrepreneur. In many cases, exploring what you are really passionate about and making an income from it is the main benefit. When you sit there and think about getting up each morning and dragging yourself to your 9 to 5 job just to listen to someone tell you what to do 8 hours a day, being an entrepreneur just makes sense.

Being the sole enterpriser of your business is a rewarding incentive. It can come easier if you are independent and have a strong drive. The better your small business does the more money you make. Then you can go on to live the lifestyle you want and deserve. People who are successful entrepreneurs are often admired; and for this reason, many people turn to being a businessperson.

What it Takes to Be an Entrepreneur

Creativity & Originality

Whether entrepreneurship is a new concept to you or you have been in business for a while, it is essential that you are always open to fresh and creative ideas to make your small business stand out from others. Explore new ways to express yourself, be on the lookout for new trends, and do not be afraid to take different approaches on being a better businessperson. You can even hand out surveys to existing customers or employees to get their feedback. Evaluating the feedback of others will help you as the enterpriser to come up with new and more creative ideas and strategies.

Motivation & Perseverance

The successful entrepreneurs are always passionate about what they do and are characterized as such. You should be 100% dedicated and committed to your success. Do you find it mentally challenging to stay focused when you are not seeing success right away? Maybe you even feel like giving up because it "does not work" or the effort you need to put in seems too much. This is when it is imperative that you stay dedicated and committed.

Find ways to stay motivated so you can persevere. Look past your short-term goals at your main vision for your small business. Where would you like to see it 5 to 10 years down the road? Take the time to make new longer term goals, and keep your vision on them while you build. Sometimes, just reading about some of the top guru stories and what they had to do to achieve success will be all that it takes to stay motivated. You will notice that they too got discouraged, hit obstacles and had setbacks, however they kept their focus and persevered until success was achieved, no matter what it took.

Entrepreneurial Mindset

Having the right mindset is what sets apart the true businessperson to someone who is "just self employed". This mindset helps with successful business start-up, its steady growth, developing multiple streams of income and taking advantage of all the best entrepreneur tools and resources available. It sets apart the mindset of the successful business owner vs. an employee.

Having a business mindset enables you to truly run a business that you are passionate about. It gives you the strength to enhance your skills to market your products or services, put in the hours and effort needed for exponential growth and keep current customers and business partners happy. Having an entrepreneur mindset will enable you to think "outside the box", so that you can consistently grow your business and find new prosperous opportunities. Ultimately, this mindset will help you to enhance yourself so you will be valuable to others.

Small Business Training & Education

When becoming an entrepreneur and starting out with your own small business, it is important that you get the right kind of entrepreneur training that will teach you the mandatory skills you need for success. There are entrepreneurship programs and courses that will teach you what you need to know so that you come out confident, have managerial skills and marketing skills to successfully promote your products and services. While there will be some people who will naturally have skills like this, for the people who do not, it is good to know there is training available to help hone their skills.

In today's modern times with just about everything being Internet driven, it is easy to find online training and courses for the new budding entrepreneur to get access to. These courses provide cutting-edge strategies and training so you can keep up with today's competitive marketing concepts. For instance, just a handful l of the small business training strategies you can find through online courses include:

  • Effective Marketing and Promotion Techniques
  • Online Advertising Methods
  • Finance Management
  • Sales Management
  • Managerial Skills
  • Benefits and Importance of Networking
  • Successful Presentation Strategies
  • Human Resources

Entrepreneur education can be accessed through a comprehensive list of aides like case studies, eBooks and Guides, self-development tools and resources, online training webinars and more. This business training will teach new business owners all the skills they need to be successful in their new business venture and may be presented in the form of digital methods, interactive media and the latest trends.

Many states now offer entrepreneurship programs and training for people who are unemployed. These programs are designed to train people who are jobless to the successful startup of their own small business. They give participants the resources and tools they need to turn a profit. This includes knowing how to manage money, find customers and set goals and plans for future business growth.

Must Have Entrepreneur Tools

When becoming an entrepreneur, there are some very important tools needed to successfully run a business. Many people jump onboard and have no clue what the best tools are or even the ones they should at the least start with. It is important to know that not all tools are needed when getting started. However, there are some tools that if not used, business success will be almost impossible to achieve. Let's explore these must have tools.

1. Domain Name - This is the web address of the businessperson's website. When picking out a domain name, it is best to choice the same name of your business if possible or at least something relevant. This builds brand awareness and establishes identity. There are countless places to buy your own domain name. Go Daddy is among the most popular and inexpensive choices.

2. Hosting - Once you have your domain name, you need to host it so that your potential customers can find it online. There are many options for inexpensive hosting, but Host Gator is a common one and is easy to use for beginners.

3. Auto responder - In order to keep in communication with your prospects, customers or clients, you should have a reliable auto responder set up so they can receive your email messages. Some reliable providers are Get Response and Aweber and enable you to send out newsletters, broadcasts, e-courses, promotional messages and other forms of electronic communication to your subscriber base. These auto responders will also give you extra tools like capture pages and web forms that you can use to collect the names and email addresses of new subscribers.

4. Private Home Office - For the home business owner, having your own private office space in your home is important. Although you are working from your home, you do not want your customers or clients to know this. It can come across to them as unprofessional, especially when they can hear kids and dogs in the background. While there are many perks to running your business from home, you still need to keep up the professional appearance of a "brick and mortar" business. Having a private home office is the closest thing to it.

These are the essential business tools to get when becoming an entrepreneur. Along with these main four, you can add in marketing tools and self-development tools/courses which will not only help business growth, but will grow you as a business leader as well.

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Comments

Jun 27, 2012 2:42pm
GillWilde
Good advice. Do you think there is an age limit to starting to become an entrepreneur? G
Jun 27, 2012 3:31pm
wlrahilly
Hey! Thanks for reading! I believe it really depends on the company and what type of business. I do believe you need to be at least 18 or over to register the copyright for the business, paperwork, taxes, etc.

It is definitely important to do all your research before starting any type of business/entrepreneurship. :-)
Jul 1, 2012 8:56am
GillWilde
Agree on this - what do you think about the upper age range?
Jun 27, 2012 3:42pm
adragast
Nice article!
Jun 27, 2012 4:12pm
askformore
You have given many very useful tips about entrepreneurship. Thumbs up!
Jun 27, 2012 4:58pm
writetrace
Great first article. Good job :)
Jun 27, 2012 7:26pm
claudslewis
This article is very thorough. Great job!
Jun 28, 2012 7:08am
wlrahilly
Thanks everyone for your support & comments! :-)
Jun 28, 2012 12:40pm
Case1worker
Fantastic first article; well done
Jun 29, 2012 12:12am
aguy
Neat! Nicely done.
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