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

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!
Success Advice
Debunking 21 of the Most Common Leadership Myths
It has been proved beyond doubt that leaders are made rather than born

Do you think leaders should be tall and handsome? Do you opine leaders must know everything? Do you think leaders must have a magic wand? Do you think women cannot make good leaders? Do you think leaders should be intelligent with a strong academic background? (more…)
Success Advice
There’s Only One Thing You Need for Success
The willingness to ask and live and love and overcome and learn and grow and so many other things all stem from one thing.

I know, the catchy title has you rolling your eyes and saying to yourself obviously there’s not only one thing that leads to success, but hear me out. (more…)
Success Advice
How to Use Small Wins to Build Momentum for Success
Little victories are incremental triumphs that get us closer to our ultimate objective

When it comes to defining and attaining objectives, many individuals prefer to focus on the broad picture – the desired outcome. While having a clear end goal in mind is essential, it may also be daunting and scary, particularly if the aim is exceptionally ambitious or complex. (more…)
Success Advice
How to Acquire Emotional Intelligence and Why It Matters
Blend both IQ and EQ proportionately to achieve leadership effectiveness and success.

Emotional intelligence (EQ or EI) can be defined as the process of identifying your emotions and that of others, managing your emotions, motivating your emotions, and aligning the emotions to achieve desired objectives. It involves self-awareness, self-regulation, self-motivation, social awareness, and social skills. (more…)
-
Life4 weeks ago
How to Level Up Your Productivity With One Simple Change
-
Entrepreneurs4 weeks ago
How to Handle Difficult People With Soft Skills
-
Mindset Evolution Blueprints4 weeks ago
4 Key Factors to Determining Ultimate Success
-
Life4 weeks ago
Top Gun Thinking: How a Combat Pilot Makes Important Decisions
-
Mindset Evolution Blueprints3 weeks ago
5 Easy Ways to Find Motivation When You’re Feeling Stuck
-
Life2 weeks ago
How to Unleash Your Full Potential and Live Your Extraordinary Life
-
Life3 weeks ago
How to Start Your Day Relaxed
-
Quotes2 weeks ago
10x Powerful Grant Cardone Quotes That Have Changed My Life
11 Comments