Become An Entrepreneur And Start Your Own Business
Start writing a post
Student Life

5 Ways To Become An Entrepreneur And Start Your Own Business​

Become your own boss.

481
https://pixabay.com/photos/entrepreneur-startup-start-up-man-593377/

Entrepreneurs have success knowing that they may fail. Nothing good ever came to be an overnight success on the first night. Balancing time and effort will turn up results that the entrepreneur can gauge as potential or revision. Until then, there may be several nights ahead of them before they hit the groove of that learning curve of having and maintaining a start-up company. Like any business, there are a few parameters entrepreneurs follow.

1. Think big, act small.

c1.staticflickr.com

All businesses start out small and can achieve franchise status. Each step you take leads to a bigger step and eventually you will be leaping. The idea for your business should be a solution to a problem, a business that supplies a need. Find out if there is a better way to fulfill the customer. Offer products and supplements that no other company offers or offer them with your business's own unique take on them. This will ensure that your business does not become another generic consumer experience. Attend markets and festivals as a vendor for your business to gain exposure with a variety of people. Not a lot of entrepreneurs will have the revenue to own a lease or lot for their business, so a direct approach is always more personal and efficient. Eventually, the wheel will be spinning faster and faster until you have yourself a reputable and favorite establishment.

2. Find your niche.

upload.wikimedia.org

As an entrepreneur, you must understand the demand to understand the supply. If there are a dozen Starbucks coffee shops within five miles of each other, opening up a coffee shop in that area would be more difficult, but not impossible. What kind of coffee shop could be so different and lucrative enough to make those early risers think twice about their allegiance to Starbucks? Are their menu items that are favorites that can be kept or are there items that could be replaced with new flavorful options? What kind of atmosphere would your coffee shop have that Starbucks could never have? The niche can be similar to another business but it must be situational enough to stay uniquely yours.

3. Study similar businesses.

upload.wikimedia.org

Conduct a field study of similar businesses. Narrow down the most important operations of these businesses and compare them to your own. The interactions you have with employees, customers, and even other businesses will determine the work you do for them and yourself. Know how to handle a customer dispute if the occasion should arise. Go through every scenario that these businesses face on a daily, monthly, and annual basis. No detail is too small to be unimportant. Anything that could go unnoticed, will go unnoticed, so look for how other businesses could improve and add the necessary improvements to your own business.

4. Be your own boss but be the customer.

www.publicdomainpictures.net

Think about the core values of your business as it relates to your customers. What kind of image are you presenting to your audience? Is it a sarcastic, self-effacing, and humorous workplace or is it a serious but friendly one? Does your business have a recognizable logo, mascot, or face? Make sure it is eye-catching but not too abstract. Work on your business's name also and decide on a name that states exactly your services or the products you sell. Entrepreneurs are their own individuals with self-employed empowerment, but a good entrepreneur will keep the customer close in mind as well. You have to know what your customer is thinking before they tell you what he or she is thinking. Concrete transparency and clear outlines for your business will cast away all doubts the customer may have.

5. Have online presence.

farm9.staticflickr.com

When it comes to business, your presence is the best present you can give to your customers. They want their questions answered and they want to reach you when you are not available. Having a website will gain you more exposure than a single afternoon of networking will. Of course, networking in person is still a considerate and professional habit you should never outgrow. When building your website, introduce yourself, your business story and mission, that way new visitors will learn more about you here than they would over the course of a transaction. In addition to your website, having a social media presence will help you network even more and discover people who appreciate your work and do what you do. People who are curious enough will stay and come back for more when you increase your outreach offline and online.

Entrepreneurship is a risky business, but so is life. Take the risk and find your success.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

40437
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

25036
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less
Adulting

Unlocking Lake People's Secrets: 15 Must-Knows!

There's no other place you'd rather be in the summer.

950722
Group of joyful friends sitting in a boat
Haley Harvey

The people that spend their summers at the lake are a unique group of people.

Whether you grew up going to the lake, have only recently started going, or have only been once or twice, you know it takes a certain kind of person to be a lake person. To the long-time lake people, the lake holds a special place in your heart, no matter how dirty the water may look.

Keep Reading...Show less
Student Life

Top 10 Reasons My School Rocks!

Why I Chose a Small School Over a Big University.

131957
man in black long sleeve shirt and black pants walking on white concrete pathway

I was asked so many times why I wanted to go to a small school when a big university is so much better. Don't get me wrong, I'm sure a big university is great but I absolutely love going to a small school. I know that I miss out on big sporting events and having people actually know where it is. I can't even count how many times I've been asked where it is and I know they won't know so I just say "somewhere in the middle of Wisconsin." But, I get to know most people at my school and I know my professors very well. Not to mention, being able to walk to the other side of campus in 5 minutes at a casual walking pace. I am so happy I made the decision to go to school where I did. I love my school and these are just a few reasons why.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments