How To Become An Entrepreneur If the thought of being your own boss excites you, you might want to explore

starting your own business. This article will enlight en you and give you a clear description to the benefits of becoming an entrepren eur. In tough economic times, many people fantasize about being their own boss. While it can be incredibly rewarding, the path to becoming an entrepreneur is no t easy or straight forward. In fact the reason so many people do not become an e ntrepreneur is because the chances of them failing are so high. This is why 80% of the population follow, and 20% of the population lead. That 20% of people are not scared to take a risk. There are a few steps that you need to take when bec oming an entrepreneur. These simple steps will elevate you and push you towards your goals whatever they may be. The first step is deciding if its right for you! No one else, YOU! Starting a new business takes a single minded focus, where mo st of your time and energy is put into the company. As it will be a huge life co mmitment, you should be sure that it s right for you before beginning the proces s. Are you at a time in your life when the business can come first? Does your famil y support you in your endeavour? Are you comfortable with risk? Do you have the energy to work long hours? Are you highly motivated to succeed? You need to ask yourself these questions and really take the time to think about the answers. The second step is finding your passion. I know it sounds harder t han you think right? You can t become an entrepreneur without a product or servi ce to sell. You ll be putting most of your waking hours into this venture for th e next several years, so make sure it s something you care deeply about. If you don t have an original product or service to offer, you may find a franchise tha t suits you. After you ve selected a business, you should get a reality check on whether its viable. Attend local businesses meetings and discuss your business plans with the contac ts you make. You have to find these contacts; they will not just jump out at you . If you do not ask, you do not get. Talk to potential customers to gauge whethe r or not there is a market for your idea. You have to do your market research, I doubt apple launched the iPod without doing there market research. They had to know that what they were going to market was being sought after by customers I w ould think that its appropriate that the next step you should be considering is y ou brush up on your business skills. If you do not have any business skills, lea rn! You must learn! Although you ll be hiring experts to advise you on specific business areas, your business will be

better served if you have a good grounding in the fundamentals. You can take cou rses at a local community college or vocational school, or find an overview of v arious topics through your local community education department. At a minimum yo u should be familiar with the basics of accounting and business law. The last an d one of the most important steps is getting funding! Without funding your busin ess idea or plan will go nowhere. Sorry to sound blunt but its the simple truth. If you have no money or backing how can you expect to get your business of the g round. Initial funding may be personal, coming from your own assets, or from fri ends and family. Make sure all investments are backed by the appropriate paperwo rk, and reviewed by your attorney before money changes hands. This includes your own money that you put into the business. When approaching investors other than close friends and family, you ll usually need to present a formal business plan which outlines your product and services, a market analysis, and a financial bu dget and forecast. Some sources of funding you may want to consider are: Cash ge nerated from personal assets, either by selling them (as in the case of investme nts) or using them as collateral for a loan (such as a home equity loan), can be used as start-up capital. Friends and family may be willing to become angel inv estors if they believe in you and your product and service. Some entrepreneurs h ave started their business using credit card debt, which generally has a high in terest rate.

Venture capitalists are always looking for the next big thing. Investigate gover nment grants and loans, particularly in "hot" areas such as green technology After doing a personal evaluation, finding a product, and getting it funded, you are on your way to becoming an entrepreneur. The next several years will be dif ficult, but potentially extremely rewarding. You must not get down hearted or di sappointed if you do not succeed in the first few months, year, its the same. You need to persevere and st ay strong. Whatever you are trying to achieve will come. It is just timing. Rome wasnt built in a day and neither will your business, But that doesnt mean to say that you should not work hard To find out more about what I do, feel free to vis it: http://sixfigurementorreview.com/