When you start your own business, most of your friends and family are going to basically picture you running a business, with the exact same setup that they have at work. But, being an entrepreneur is inherently different. Here are 5 things that no one is going to understand when you become an entrepreneur.
When I first opened my online wine club 9 years ago, I had never sold a bottle of wine before, nor had I ever sold anything online. While the learning curve for the wine was steep, it’s nothing compared with the learning curve for selling online. From traffic generation to converting that traffic into customers, to customer service I realize now that I knew basically nothing when we opened.
What is the first word that pops into your head when you hear the word – entrepreneur? Start-up? Rebel? Money? Struggle? Or all of these? The most commonly thought of word is – struggle. An entrepreneur does not inherit a pot of gold, they are not generally born with a silver spoon in their mouths. That is the basic reason why they are entrepreneurs – trying to get what they weren’t born with, right?
Most people believe that the entrepreneurship is the fastest way to become rich but this can end up being just an illusion. The truth of the matter is that you can only succeed in business when you have the right entrepreneurial skills, attitude, and behavior. Therefore, current and aspiring entrepreneurs have a chance to enhance their entrepreneurial skills through the Entrepreneurial Development Program (EDP).
The first year of a startup can be the toughest. In fact, between 1994 and 2015, an average of 60 percent of new businesses died in their first four years, according to the Bureau of Labor Statistics. But your enterprise doesn’t have to follow this trend.
Fraud comes in many different forms. The last thing you want is a knock-off product reaching the hands of a loyal consumer. This could ruin their experience and make them decide to never use your brand again. Fraud can also have a huge impact on lost profits and affect any business model from a short or long-term point of view.
Investing your money or time in a new venture without proper analysis is the perfect way to guarantee its failure.
There is something different about the entrepreneurs, their way of thinking does not align with most of the people. Regardless of the business field, they are serving, all the entrepreneurs have a spirit that distinguishes them from the rest of the people.
Becoming a successful and reputable wood floor sander has probably never been a career you have dreamed of as a young child, but with years passing by and your priorities and dreams changing you can definitely change your mind
Starting a business of their own is one of the most rewarding experiences that a person can have. However, if you are interested in opening a beauty salon,
Coworking is a setup that sees multiple people sharing the same working environment even though each of them has their own independent activities separate from that of the others.
Opening a sandwich shop can prove to be a rewarding experience. However, interested individuals need to remember that starting a successful business involves a lot of hard work even when they have made the proper preparations
Being an Entrepreneur means learning and progressing by own trial and error method. You do not always have a godfather or mentor to guide, and there is no one to tell the right way of doing business