How to Become an Entrepreneur?

July 30, 2008 | By Money Papa |

You want to know how to become an entrepreneur? It’s simple… but not easy. If it were easy everyone would work for themselves building businesses.

Four Cornerstones to Become an Entrepreneur

1) Desire- This is the single most important quality. You must have a desire strong enough to go against the grain. Failure cannot be an option. Whatever it takes… you will succeed. Some people call this having a strong why. Why will I do whatever (morally) it takes to succeed in business? We have found that many entrepreneurs have a desire to make a difference in the world. It’s not just about them.

 

2) Work Ethic- There is no such thing as get-rich-quick. Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time. You have to be willing to put forth a persistent effort to build a business. Do you work hard for others? Good. But why? If you do it to please others rather than to please God you could be in trouble. You will have to work as hard for yourself as you do for others without their approval as a motivating factor. You have to be self motivated.

3) Teachable- Pride has no place if you want to learn how to become an entrepreneur. Humility is needed to learn and lead. If you are teachable you can teach others. The best leaders learn to lead by following someone else’s example first. In business you need to find a business mentor. Someone who is doing what you want to do. Then you need to develop a relationship of trust so you can learn from them.

4) Integrity- Let your yes mean yes and your no mean no. Promise less and deliver more. Be true to your word. Be willing to be truthful. This is hard if you are trying to impress others or please people. You will tend to overextend yourself being unable to keep your commitments. People want to know if they can rely on you. They are putting their trust in you to deliver what you offer. Nobody is perfect… be willing to admit your shortcomings. Do not make excuses.
These are the four cornerstones of how to become an entrepreneur. You were never trained in school for this. In fact you were trained to work for someone else… to get a good education so you can get a good job. That’s why most people work for someone else.

 

Nothing wrong with that… you may need some well trained employees for your own business!

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Category: Entrepreneurship

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2 Comments »

Comment by Tom Humes
2008-07-30 03:07:15

Nice Site layout for your blog. I am looking forward to reading more from you.

Tom Humes

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Comment by Money Papa
2008-08-01 09:00:35

Hi there, thanks for the comment :D
Hope you will visit us soon.

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