Entrepreneurship

Very few people want to work for bosses. However few people can afford to be their own boss. It isn’t easy and takes a lot of hard work to become your own boss or to get to the point where you don’t really have one boss, just equals.

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However there is two ways this can happen, hard work from inside a company or secondly, you could be an entrepreneur and start your own business. Being an entrepreneur requires many things that may seem difficult but at the same time, the requirements seem lacking.

 

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Do you know what qualification you need to start a business? Nothing!

You don’t need a degree you don’t need a diploma or certificate none of that is necessary.

Now a degree or diploma may help if you are starting out and applying for financial aid but there are examples of many great people succeeding without degrees.

A few examples are:

  • Bill Gates

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  • Mark Zuckerberg

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  • Steve Jobs (When Steve Jobs first dropped out of college he recycled cans to make get by)

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Just because these successful people dropped out doesn’t mean that you have too or that you necessarily should. This just goes to show how you don’t need a degree to be successful. Now we know what someone doesn’t need to be a successful entrepreneur let’s look at what he does need.

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The first thing is to do what you enjoy. Starting a business that has the foundation of something you love. This will motivate you to care more about the business and work harder to make sure it is successful; in this regard it is better to focus on passion then just pure money.

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However you do need to start a business that will make money and have an income, research all your options thoroughly and make sure you are providing something that consumers want or need. This doesn’t necessarily have to be new but if it is similar to others businesses you need diversity as well as be able to compete with your rivals.

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A business is all about the customer, knowing your customer, what they want and how to appeal to your customer. This means that you need to know your target market. The age group of who you appeal to what fluctuations in their income will cause and how this will affect your business.

Also you need to know how to advertise to your target audience. Obviously as the business grows you will hire people to help you with the day-to-day running marketing and so forth of the business but in the beginning when designing the structure of your business you need to know how to appeal to consumers from the beginning.

Finally be organised and delegate.

A business needs to be organised knowing where everything is, is important. Never try to be the sole person in charge of your business you can’t do everything yourself therefore hire people to work for you and delegate responsibilities. These tips should give you a better chance to succeed.

If all else fails there is another solution:

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College SA has Small Business Management Courses that can guide you and equip you to start your own business successfully.

Good luck!

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