Becoming an Entrepreneur
BECOMING AN ENTREPRENEUR
Do You Have an Entrepreneurial Mindset?
Six Steps to Becoming an Entrepreneur
An Idea
Passion & Hard Work
You can handle the Risks involved
Research & Test Your Idea (The 100 person test)
Develope a Prototype, Test and Fix any Problems
Launch Your Idea (Consider a Soft Launch)
Meet an Inspiring Young Entrepreneur
Check out this short, inspiring 2 minute video I took of Boarding Pass Worldwide Flavors and get a feeling for why Theresia became an Entrepreneur and what it took for her to get her business up and running and how she dealt with the dreaded “D” word.
Ten Characteristics of a Successful Entrepreneur
- Curiosity and the ability to Challenge the Status Quo
- Willingness to Experiment - Market Research and Testing
- Adaptability
- You can make Difficult Decisions
- Self Awareness - Your Strengths and Weaknesses
- Risk Tolerance and Uncertainty
- Comfortable with Failure
- Persistence - You Learn from your Mistakes
- Innovation -Creative Thinking Skills
- Long Term Focus - Dedication and Drive
Self Employment Checklist
Self employment requires time, energy and commitment, especially in the startup stage. Most self-employed people will tell you that a 9-5 workday is pretty much out the window.
Successful self-employed people will also tell you that the extra time and effort are worth it. Here is a summary of the major advantages and challenges of being self-employed. Which one appeals to you? Causes you to worry? Take the survey here.
GETTING TO YOUR WHY - THE GOLDEN CIRCLE
The Golden Circle
The Golden Circle theory, developed by Simon Sinek, suggests that you should focus on the "why" behind your products or services, rather than just listing their features and benefits. This can help you stand out in a crowded market and appeal to customers on an emotional level.
Apple's "Think Different" slogan is an example of this approach, as it appeals to customers' values and beliefs rather than just stating that Apple sells computers. You can use the Golden Circle theory in your marketing efforts to connect with customers on a deeper level.
To find your "Why," take the following quiz, listening to your inner thoughts and feelings as you do. Continuously reflecting on these questions can help you uncover your true motivations and purpose
Take the Getting To Why? Survey here. If you have difficulty creating your Why try using the Artificial Intelligence ChatGPT systems to help you generate your Why.
VALIDATING YOUR IDEA
Business Idea Development Process
John Shepherd-Barron was literally in the bathtub when he had a eureka moment. As CNBC describes the story, he was thinking about how difficult it was to get cash when he needed it and came up with the idea of a vending machine that, instead of chocolate bars, gave you cash. The result was the first ATM.
Use this survey to describe your idea.
Idea Validator
This tool will help you validate your gig, freelance or independent contractor idea and gives you a perspective on the feasibility of the idea. Each focus area has 5 questions. Once you have validated your idea, you can turn it into a Business Plan. Click Here to get started. Here is a Sample Report to look at