Everything you need to know about being an entrepreneur
It is no doubt we are in a generation where many entrepreneurs have risen. Millennials naturally want to be in charge of their lives. We no longer live in a generation where individuals spend 40 years working at the same job. Many have the tendency to jump from one job to another with a great number eventually jumping into the journey of entrepreneurship. Here I will walk you through everything I’ve learned about being an entrepreneur. While entrepreneurship is great, it is not as glamorous as it may seem. It requires long hours, hard work, consistency and a strong mind because the truth is: it’s tough. However, the rewards and benefits that come along with the hard work are worth every late nights, early mornings, lack of sleep and 100 trips to your favorite coffee shop. As an entrepreneur, you have to be your own motivator, you have to know and understand your why. You have to remind yourself everyday why you do what you do and why it matters. Although, entrepreneurship can be tough, it is also great and rewarding. As I continue to navigate my journey as an entrepreneur, I’ve created a list of things everything I believe you need to know about being an entrepreneur:
- Time: Venturing into entrepreneurship will cost you time. It takes time to research your niche, study and master your craft. It also takes time to build a system that will bring you results, a network of like-minded people and eventually success. You can wake up today and decide that you want to be an entrepreneur and actually become one tomorrow. But if you’re in it for the long haul, you will quickly realize that your success will not happen overnight. It will take you time to get from point A to B to C to Z. It will take time to reach your goals and to be successful. Unfortunately, there are no shortcuts to success. You have to invest your time and practice patience. This is one key factor that many neglect when they venture into entrepreneurship. In today’s world where you can have everything you want with a push of a button, many venture into entrepreneurship with the same mind-set. If you are reading this because you’re hoping to find the juice that will launch you into your success…here it is: be patient, learn to be friends with time, work hard and don’t give up.
- Money: Ever heard that it takes money to make money? If you’re like me, then you work at a 9–5 job while managing your side hustle. As an entrepreneur you will need to invest financially into your business. There are tools, systems, products that you will need to set up for your business to get it running. Yes, there are many free tools out there that you can use to get you started which I total recommend if you are just starting out. However, I highly recommend setting up a realistic budget for your business. Starting with a budget will help you be operational rather than waiting to book clients or generate revenue prior to being fully functional. This budget will allow you to purchase things like a domain name, hire a web designer, order business cards etc.
- Friends + Family: Being an entrepreneur may take away time from friends and family. Building a successful business requires you to build a solid foundation. This means investing in your business with your time and effort. It may require long hours, late nights, skipping dinner dates with friends or family functions because you have to dedicate your time and attention to your business. It’s always best to communicate with your friends and family. Communication will help them not feel neglected and hopefully they will support you in your endeavor. Building a strong foundation for your business will set you apart from others in your niche.The online market is saturated with many entrepreneurs and bloggers all trying to “make” it. However, the difference between the successful blogger and entrepreneur is the one who took the time to build a strong foundation and continues to build on their business and blog daily. So while friends and family may be the glue that hold you together, be sure to communicate with them when you need to get away to put in some time to build the foundation of your business.
- Freedom + Flexibility: One of the biggest reasons many people go into entrepreneurship is because they want to be in charge of their time. Owning your time allows you to be present in the lives of the ones you care the most about. When you have a 9–5 job, you don’t have much control of your time. As a full time entrepreneur, you are the boss. You decide when to wake up, when do show up to work, when to work on a project, when to go on vacation — you get to decide this. As an entrepreneur you will have the freedom and flexibility to manage your time the way you want.
- Legacy + Security: The biggest reason why I work as hard as I do, it’s to leave a legacy for my children and to have financial security for my family. These are my why. They are the reason I go as hard as I do. They are the reason why I’ve decided to take on this venture. I want my children to have a better life than I had. But most importantly I am building something that will afford my children options. I want them to have the freedom to choose whether they want to pursue a career of their own or continue to build the family legacy. By building a solid foundation and a solid business, I am also setting up a foundation of success for for my children.
- A job you love: If you’re reading this blog you’re either interested in becoming an entrepreneur or you are one already. If you’re interested in being an entrepreneur it’s probably because you do not like your current job or you would rather do something else. People become entrepreneurs because they love what they do. When you love what you do, it never feels like work. I can attest to that because when I am focused and working on my business, I can spend 5–6 hours in one setting without realizing the time that has passed. I tend to be so into my work because I thoroughly enjoy what I do that it doesn’t feel like work. I love working with clients and helping them gain clarity as they are just beginning their journey as first time bloggers or entrepreneurs. I absolutely love my client’s reaction when they first launch their blog or their business after spending time in the “what ifs” stage the process. Being able to on board a client from the inception of their idea to the completion of the idea, brings me so much joy that I can do it everyday and I wouldn’t be tired of it.
What’s driving you to start your business? Do you have ideas but don’t know where to start? Let me know in the comments where you are and the steps you have taken to become an entrepreneur. As always don’t forget to connect with me via social media: