If you’re unsure about whether you have the characteristics of a true entrepreneur – and how exactly to go about it even if you’re certain you’re up for it – this chapter is for you. Learn what sets real entrepreneurs apart from the rest and whether you have what it takes to escape the 9-to-5 grind.
There are loads of entrepreneurial skills and competencies that can improve your chances of success. This chapter helps you figure out which ones come naturally to you, and which ones you might need to focus on improving or getting assistance with in the future. Keep in mind that you definitely do not need to master all of them to be successful.
Having a solid, growth-oriented foundation for business or entrepreneurship is great – but now what? You probably need a work desk, an internet package, some apps, and, of course, a business idea to get off the ground. Use the tips and strategies in this chapter as a jump-off point to spark your own business ideas.
9/10 ventures fail, and the majority of owners crash and burn very early on in their careers, which is why we always advise entrepreneurs to perform market analysis before diving head-first into an uncharted business territory. If you’re starting out, we personally recommend using the strategies discussed in this chapter to see whether or not you’re onto something people want.
Validating your business idea to ensure there’s a market out there for your product or service is only one aspect of starting a new business. The other crucial part is figuring out how you’re going to monetize your venture. This is where you pick a business model to pursue. This chapter offers a primer on the popular business models in existence.
Money can give you amazing opportunities to fund your dreams. The problem is that a huge majority of startups struggle to find business funding solutions. But there’s good news: you have options and opportunities. If you have a business idea but feel restricted by your financial resources, this chapter is for you.
The logistics of starting a business can be pretty confusing. And in some unfortunate cases, new entrepreneurs might find themselves in situations where they’re getting the run-around in terms of boxes that need to be checked off. If you’re having trouble figuring things out, this chapter has a lot of resources to help get your ducks in a row.
Perhaps you have your heart set on a certain type of business, but you don’t feel qualified enough to master it just yet. This is more common than you might think, and there’s great news: there are lots of excellent learning resources like free and paid books, podcasts, online courses, communities, and more. We’ve compiled the best ones in this chapter to help get you started.