How To Become An Entrepreneur At 15 – In BusinessTags how to become an entrepreneur, how to start being an entrepreneur, why to become an entrepreneur April 16, 2021319 Views Todd Snively
They say there is no better teacher than experience, and when it comes to entrepreneurship, they are absolutely right. Getting a business degree can teach you a lot about becoming an entrepreneur. However, that piece of paper is not your automatic all-access step to success. Some of the most important lessons are not taught in school; take it from someone who has taken an alternative entrepreneurial path. I am mostly anti-college if it is not a requirement for your chosen profession, such as Doctor or lawyer. Now, if someone else is paying for it, then it’s a nice four-year party, and you should go.
How To Become An Entrepreneur At 15
Growing up, I served in the US Air Force, flew airplanes commercially, and then decided to build my own escape hatch. I have created an online business empire and learned countless lessons along the way. I encountered obstacles, I experienced failure, and I realized that it is up to entrepreneurs to educate themselves on the career paths they want to follow. Looking back, I can see that those experiences were my guide, leading me in the direction of freedom and success. I also learned what it means to be truly happy.
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Now I’m going to share my secrets with you, all the tips and tricks you won’t find in a book. Whether you’re wondering why to become an entrepreneur or how to become an entrepreneur, to get you started, the following 15 lessons will give you the guidance and confidence you need to build your empire, with or without those formal qualifications .
1. You cannot avoid failure “You must see failure as the beginning and the middle, but never welcome it as the end.” -Jessica Herrin, founder, and CEO of Stella & Dot
The school teaches students to fear failure, as it impacts grades, awards and academic opportunities. But failure is an inevitable and essential part of success in the business world.
You have to try all sorts of things to succeed, and the experience of failure is an excellent tool to steer you in the right direction. When looking at big things, it is better to accept failures and use them as opportunities. Embrace life outside of your comfort zone, work hard, and never let failure slow you down on the road to success.
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2. Learn to ask WHY “If you know too much before the beginning, then you will be defeated. Come up with an original idea, and don’t copy because there won’t be passion. You need that passion of the world. Just start.” -Jeni Britton Bauer, founder of Jeni’s Splendid Ice Creams
School doesn’t always teach you to question things. You spend days digesting lectures and passages of text, taking notes, and accepting the teachings as an undeniable truth.
Things are as they are. You think about the ways you can step in and change those realities with your ideas. This is how great business ideas are born.
One of the “why” questions I asked is because I listened to a “teacher” who was earning $50k/year tell me about life and how to run a business. In the end I learned that I had to surround myself with people who had already accomplished what I wanted to accomplish, and being in college was not the place to do that for me.
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I have heard many people say that they wish there was a class on money management in school. Topics like debt, investments and cash flow are crucial to business, but we usually have to take the time to learn about them on our own. If you are lucky enough to have a school that teaches entrepreneurship or making money with your own business, take those classes.
The financial aspects of business management are crucial, and without them, you won’t get very far. So take the time to understand how money works, and you’ll already be miles ahead.
4. Don’t underestimate the importance of networking “Your ability to attract, evaluate, and forge strong working relationships with co-founders, early employees, and investors often means the difference between failure and the success.” –Clara Shih, Co-founder of Hearsay Systems
In the business world, who you know is often much more important than what you know. Sure, your knowledge and skills are valuable, but they’re nothing without your network of employees and freelance talent, investors and co-founders on your side. I’ve lost track of the number of times I’ve gone to my database of acquaintances to learn something to achieve a goal.
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Take the time to appreciate and invest in the people who want to see your business succeed. Take the time to learn the art of networking, and you will reap the rewards throughout your career.
Remember that time is a valuable resource. It’s essential to learn how to balance your priorities to succeed in life and business, and that starts with developing effective time management. We do this by outsourcing work to professionals who can do things better than me. I have the business idea, I manage that aspect, and I find the right professionals for all the other elements.
It’s up to you to develop and maintain that work-life balance that will sustain you throughout your career. Choose a path you’re passionate about, and make sure you balance it with quality time with loved ones, hobbies, and activities that motivate you enough to keep going.
In my mind, true success is when you can control your schedule so that the balance you work so hard for is finally achieved.
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Those fancy corporate positions may sound nice, but they aren’t necessarily your best opportunities. Sometimes the best path involves risk, investment, and an unconventional approach.
And sometimes, like in my case, I still wasn’t meant for the 9-5 grind. There are many paths to success, so don’t be afraid to think outside the box to find the opportunity that works for you. How to become an entrepreneur? Stay away from “jobs”.
Business school will not teach those practical skills that are essential for business success. From hiring and firing employees to making sales calls and balancing your books, there are many skills you will have to learn. And all this while trying to build an empire. Taking the time to learn these skills can be the difference between failure and success, so it’s worth the time to master them on your own.
8. Perfection is not a requirement “Start as small as you can. When I started SkinnyMe Tea, I had $24 in the bank, and I was fully funded. If you are not embarrassed with the first version of your product; you launched too late.” -Gretta Rose van Riel, Founder of Hey Influencers
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The business school can only teach you to launch when your idea is perfect. But ideas grow and change along the way. So it’s best to get them out there and into the hands of the target market as soon as possible. If you focus too much time on fixing bugs and small issues, you will never launch your business.
I’ve lost count of the number of times I’ve said that I’ve never done anything perfectly. I am the guy who jumps off the cliff and builds the plane on the way down. Launching is much more important than waiting for perfection, which, by the way, is an illusion. Taking action is what will pay off.
9. Scrap the business plan “Every business plan will not survive its first encounter with reality. The reality will always be different. It will never be the plan.” – Jeff Bezos, Founder, and chief executive officer of Amazon
You probably don’t need that business plan either. Don’t you believe me? Bill Gates and Steve Jobs never had them, and look at how well they did.
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Business school can spend countless hours drilling the idea of a business plan in your head, but many entrepreneurs have achieved success without one, and you can too. After all, expectations are always different from reality, so it is better to form your plan as you go, through actions and lived experiences.
The business guidelines taught in school can and should be broken if they help you on the road to success. You can use them to guide you along the way, but don’t be afraid to break them if they are limiting your growth. Challenging the rules can lead to excellent results, business ideas that could never have come to light if entrepreneurs always chose to play it safe.
Textbooks talk about the rapid growth and success of companies like Amazon or Facebook. But that’s not how it works for the majority of successful businesses today.
You have to work hard and stick with it if you want to achieve those ambitious goals you are dreaming of. If you go to business school, or buy an online training program, expecting to get rich quick, you may be disappointed when the road to success is hard and full of obstacles. Small daily steps in the right direction, along with a healthy dose of perseverance, are essential to achieving long-term success.
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