Friday, March 4, 2016

Entrepreneurship - Is it for You?

English: Logo of the eChallenge competition
Have you always dreamed of owning and operating your ownbusiness? Maybe you have a great business idea that you’ve always wanted to get off the ground. Or maybe you just like the idea of being your own boss and controlling your own future? Whatever the case may be, you should know that you’re not alone. The Kauffman Foundation reports that about 476,000 business owners crop up each month!

If you want to add yourself into that number, bear in mind that it’s not going to easy. Being a business owner requires a lot of time and hard work, especially in the beginning stages. So, before you take the plunge, make sure you consider the decision of whether or not to become an entrepreneur- and of whether or not it’s for you- very carefully.

Examine Your Motives

Before you start your business, you want to really examine your motives. WHY do you want to start your own business? If it’s simply because you like the idea of making money from home or think the workload will be easier, this probably isn’t the right path for you. Being a business owner takes tons of hard work.

You should only become a business owner if your motives are truly good. If you’re dedicated to and passionate about your idea and have the strength and determination to make it work, then go for it. If you’re doing it because you think it will be an easy way to make money, however, think again.

Time and Tenacity
You shouldn’t start a business unless you plan on investing a LOT of time and effort into it.If you’re thinking you can work your full-time job and run a business on the side, you may want to reconsider. A business IS a full-time job!

A Thorough Plan
Finally, don’t even think about investing money and getting your business off the ground until you have a full-fledged business plan in place and ready to be executed. See a lawyer to hep you create and format a plan and make sure it’s doable and that you have the time and energy to invest before you go through with it.


If you’re willing to work hard, create a plan, and devote lots of time and effort, then you might just have what it takes to be a successful entrepreneur.

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