7 Key Steps to Becoming an Entrepreneur
Written by David Baker, GOFISH Coordinator
David’s career has encompassed retail and training all his working life. President of the Trowbridge Chamber of Commerce, Chair of Governors at Clarendon College, Chair of Trowbridge Town Team Board, Member of ‘Young Enterprise’ and Director of two Management and Training Consultancies
An Entrepreneur is defined as ‘a person who sets up a business whilst taking on financial risks in the hope of profit’. It must be said that to become an entrepreneur, it takes a lot of time and experience, and you must be prepared to put everything on the line. Before you start anything, I think it is vital that you set your goals, because without any, you won’t know where to go, before you’ve even started.
- Change your mindset
Being an Entrepreneur is very different to being an Employee. An idea is sometimes like an uncut diamond, it needs to be worked on to see its full potential.
- Believe in yourself
You must belief in yourself, if you have an idea great pursue it. Now you need to work on it. You need to let your mind run free, a mind map is a good place to start. ‘All ideas are good ideas at this stage’.
Be hungry for knowledge…knowledge is power. Consider doing a SWOT Analysis. Make sure you investigate as much as you can about your product/service. Many ideas have already been tried but that should not deter you from looking at how you can add value. Be cautious of copyright
- Analysis Paralysis
The time has now come for you to act, take your ideas and draw up a practical plan. You could use create the SMART Process….Specific-Measurable-Achievable- Realistic and Time planned
Entrepreneurship is a marathon not a sprint. Don’t give up which may enter your mind several times, persevere, have confidence, believe in your product/service. Consider what athletes must endure.
- Don’t Fear Failure
Failure, disappointments are all part of being an Entrepreneur. See problems as opportunities. Learn by doing….Plan-Do-Review continuously
- This is a journey, not a destination
In the end, you need to be your number one supporter. Believe in yourself and when no one does, and show those people what you are capable of achieving.
We would like to wish you the best of luck in your journeys. GOFISH can organise workshops and one-to-one sessions to cover Business Presentations in much more detail. Please let us know if you are interested in these free workshops.
We’d love to have your article on here too! If you are a local business, or entrepreneur please do get in contact with us if you are interested.