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Why It Pays To Be An Entrepreneur In This Day & Age

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This is the era of the “omnipresent” entrepreneur, with more selection, more novelty, more transformations, more opportunity, and more possibilities. What’s driving the rise of the entrepreneur today?

Many are beginning to realize that they cannot depend on companies to offer the necessities life requires, in order to subsist; they must get it for themselves.

 

A New Breed In Times Of Need

Many factors have contributed to the need for individuals to “go it alone,” and try to make ends meet. From December 2007 and June 2009, the US experienced its largest economic collapse since the Great Depression. Named the “Great Recession,” the economic retrenchment saw GDP decrease 4% and unemployment doubled from 4.9% to 10.1%.

Now, more than ever, individuals are being encouraged and motivated to start their own businesses and become self-employed. The world has already experienced the likes of the Eastman’s, the Ford’s, the Carnegie’s and the Westinghouse’s. These entrepreneurs became successful during a time much like today; however, they created jobs; therefore, jobs were plentiful. It’s not the same today. Jobs are being created but outsourced, leaving a whole group of people behind who must now learn to play “catch-up.”

Reports show that 70% of high school students aim to become entrepreneurs at some time in their careers. Becoming an entrepreneur today is widely regarded as the best move one can make because it adds new products and jobs to the populace. Unmatched throughout history, entrepreneurs are becoming a factor in the political fixture. According to the Kauffman Foundation, entrepreneurs create 60% of all new jobs in the economy.

 

From Nothing to Something

Everyone likes to think of an entrepreneur as someone who came from nothing and stumbled upon millions of dollars. Yes, there are many who came from nothing, but stumbling upon millions of dollars is rare, if it actually happens at all. In addition, studies show that women entrepreneurs are on the rise. For example, Sara Blakely has shown us “the proof is in the pudding”, she has just been labelled the Youngest female self-made billionaire with her panty hose line “Spanx“.

Lisa Hufford launched Simplicity Consulting after many years as an employee, Vicky Thompson established the Valuation Management Group, and Crystal Culbertson launched Crystal Clear Technologies. These businesses have a combined annual profit of more than $50 million!

Then again, you have Steve Jobs (R.I.P), founder of Apple Computers, Bill Gates founder of Microsoft, and the new kid on the block, Mark Zuckerberg who founded Facebook. The entrepreneurship of these individuals led to a revolution of software programs that we use today. Nevertheless, miracles aside, what happens to the average person? An entrepreneur can just as well be the person who sets up their own vegetable stand or one who sells handmade tablecloths at craft shows. If you have created a business around your passion then you are an Entrepreneur.

 

Becoming an Entrepreneur is an Inside Job

Many people today feel something extraordinary is about to take place in the world, in fact, it is taking place right now! The days of depending solely on companies for our livelihood as our parents and grandparents once did are over. The days of finding the “perfect” job with guaranteed employment for the next 30 years is extinct. Company and employee loyalty seems to be a thing of the past. Nonetheless, becoming an entrepreneur is not an elite occupation requiring credentials to join. Anyone can become an entrepreneur; the only requirement is an idea for a business. Your idea can be:

 

  • Something totally new or an invention that resolves a difficulty
  • A modification of an idea started by someone or from somewhere else that does not violate any patents, trademarks, or copyrights
  • An existing concept catered to a new market
  • Creating something customary like opening a shop

 

What is without doubt is that having an idea is not the only requirement to become an entrepreneur. Together with their idea, an entrepreneur must draw qualities from within while utilizing outside resources. Essential qualities include willpower, zeal, ambition, keen intelligence, good timing, and momentum of execution. External necessities include finance, exploration, and support.

Entrepreneurs need to recognize their potential market, or at least have an intuitive understanding of the market they are attracted to. In addition, they will need to know if their product or service has the possibility to accommodate the demands of a commensurate number of people in order for their idea to pay off.

With Computers, Smart phones & Apps out nowadays, this means that aspiring entrepreneurs have access to millions of tools and resources at their finger tips. Which means that becoming a well equipped entrepreneur, just got easier!

Social Media networks make it easier to link and network with like-minded people and have proven to help entrepreneurs and startups raise the funds they need to juice up their business.

Checkout a great crowd funding website by the name of Kickstarter if you are looking at acquiring some funding for that new great business idea.

 

Conclusion

Building a business does not happen overnight. It will require all the willpower, ambition, persistence, and zeal that you can muster. You will need to believe in yourself when it seems like the odds are against you but you must also have the keen intelligence to know when to modify your plan. There is a saying “failure will never overtake you if your determination to succeed is strong enough.” Being an entrepreneur is an “inside job,” with a few outer hurdles to cross along the way.

If your mind is made-up, you will jump over those hurdles and succeed!

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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Success Advice

11 Mark Manson Lessons That’ll Redefine Success in the Digital Age

Success in the digital age isn’t about hacks, it’s about the raw, real lessons Mark Manson actually lives by.

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Mark Manson life lessons on success
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In 2016, Mark Manson released The Subtle Art of Not Giving a F*ck, a brutally honest, thought-provoking book that redefined self-help for a new generation. (more…)

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Change Your Mindset

The Secret Daily Routines Behind History’s Most Brilliant Thinkers

Uncover the daily rituals and hidden habits that powered history’s most brilliant minds to success.

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productivity habits of great minds
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Why Daily Rituals Matter

Every great achiever has one thing in common: discipline. Behind the novels, inventions, discoveries, and masterpieces are small, consistent habits repeated daily. (more…)

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Did You Know

How to Turn a Simple Link-in-Bio Into a Powerful Brand Hub

Transform your forgotten bio link into a high-impact gateway that fuels engagement, clicks, and conversions across every social platform.

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Social media is one of the greatest marketing tools in 2025. According to a recent study, some 86% of marketers globally use platforms like Facebook and Instagram for advertisements, while 94% use it for content distribution.  (more…)

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Personal Development

These 11 Habits Will Make You More Productive, Successful, and Confident

Boost your focus, confidence, and results with 11 powerful habits successful people use every day.

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Successful people love to help beginners. They have an incredible work ethic and rarely complain. As a result, others naturally look up to them and want to follow in their footsteps.

But here’s the truth: there’s no success without sacrifice. You’ll need to give up comfort, excuses, and sometimes even social approval to accomplish your goals.

Value comes from solving problems, and these 11 powerful tips will help you become more productive, successful, and confident, starting today.

1. Take Short Breaks After Finishing a Task

Psychology shows it’s important to reward positive behaviour.

After completing a big task or finishing a book, take five minutes to walk, stretch, or simply breathe. This quick reset helps your brain recharge and strengthens focus.

Many great writers swear by morning walks, solitude, and reflection can unlock creativity.

But if you refuse to take breaks, don’t be surprised when burnout hits. Your brain needs recovery time just as much as your body does.

2. Schedule Your Most Important Tasks First

Multitasking kills productivity. If you want to get more done, try time blocking, a method where you dedicate set periods for specific tasks.

Productivity expert Caitlin Hughes explains, “Time blocking involves scheduling blocks of time for your tasks throughout the day.”

For example, if you’re a writer:

  • Research your topic at night.

  • Write your first draft in the morning (don’t worry if it’s rough).

  • Edit in the afternoon, great writing comes from rewriting.

You can’t buy more time. Use it intentionally and without regret.

3. Eliminate Distractions from Your Workspace

Focus is the foundation of success.

According to Inc. Magazine, it takes an average of 23 minutes to recover from a distraction. That’s nearly half an hour of lost productivity every time you check your phone.

Put your phone away. Close unnecessary tabs. And yes, limit your Netflix binges.

Meeting deadlines consistently is one of the fastest ways to stand out and earn respect.

4. Take Full Responsibility for Your Life

Entrepreneur Derek Sivers once said, “Everything is my fault.”

This mindset doesn’t mean self-blame; it means self-ownership. Stop pointing fingers, making excuses, or waiting for others to change.

If your habits (like smoking or drinking too much) hold you back, it’s time to make better choices. Your friends can’t live your dreams for you; only you can.

5. Invest an Hour a Day in Learning New Skills

Knowledge compounds over time.

Whether you read books, take online courses, or practise a craft, consistent learning gives you a competitive edge.

I used to struggle with academic writing, but I improved by studying the work of great authors and applying what I learned.

Your past doesn’t define you; your actions do. Every new skill adds another tool to your arsenal and makes you more unstoppable.

6. Develop a Growth Mindset

Psychologist Dr. Carol Dweck introduced the concept of fixed vs. growth mindset.

  • A fixed mindset believes success is based on natural talent.

  • A growth mindset believes success comes from effort and learning.

Choose the growth mindset. Embrace challenges. See failures as feedback. In today’s fast-moving digital world, adaptability is your biggest advantage.

7. Learn Marketing to Reach People Who Need You

I once believed marketing was manipulative, until I realised it’s about helping people solve problems.

If your work provides genuine value, marketing is how you let others know it exists. Even Apple spends billions on it.

Don’t be ashamed to promote your skills or business. Without visibility, your ideas will never reach the people who need them most.

Creative professionals who understand marketing and sales have an unfair advantage.

8. Ask Your Mentor the Right Questions

Good mentors can fast-track your growth.

While mentorship often costs money, it’s one of the best investments you can make. Great mentors don’t care about titles; they care about your progress.

If you don’t have access to a mentor yet, books are your silent mentors. Read the best in your field, take notes, and apply what resonates.

9. Build Confidence Through Action, Not Affirmations

Author Ryan Holiday once said, “I don’t believe in myself. I have evidence.”

Confidence doesn’t come from shouting affirmations into the mirror; it comes from proof. Doing hard things, keeping promises to yourself, and following through.

When you consistently take action, your brain gathers evidence that you can handle whatever comes next. That’s real confidence, grounded, earned, and unshakable.

10. Focus on Your Strengths

Your strengths reveal where your greatest impact lies.

If people compliment you on something often, it’s a clue. Lean into it.

A former professor once told me I was creative, and that simple comment gave me the confidence to go all in. I studied creativity, applied it daily, and turned it into my career advantage.

Double down on your strengths. That’s how you build momentum and mastery.

11. Identify and Challenge Your Limiting Beliefs

Your beliefs shape your reality.

For years, I believed I couldn’t be a great writer because of my chronic tinnitus and astigmatism, sensory challenges that made concentration difficult. But over time, I realised those struggles made me more disciplined, observant, and empathetic.

Your limitations can become your greatest motivators if you let them.

Avoid shortcuts. Growth takes time, but it’s always worth it.

Final Thoughts

Becoming productive, successful, and confident isn’t about working harder than everyone else. It’s about working smarter, consistently, and intentionally.

You don’t need to overhaul your life overnight. Start small: take a break after your next task, schedule your priorities, or spend one hour learning something new.

Every habit you change compounds into long-term success. Remember, true change comes from practising new behaviours.

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