logo
SBI!


leftimage for financialplanninginfoguide.com
 
Léelo en: Español

Wondering how to become an entrepreneur?
Just follow these general steps

How to become an entrepreneur is a question similar to how to become a financial planner. Simply you'll need instruction and experience.

Do you think entrepreneurs are super smart people who have "that special gift" and therefore are the chosen ones? Think twice; entrepreneurs are just people with a different training program.

Therefore you can become one too if you have the real desire and you can make a serious personal and professional commitment. Let's review some general steps.

How to become an entrepreneur in 4 steps

1. As usual make a self assessment

If you are reading frequently our articles you already know that everything begins with an honest evaluation of your present situation whether you want to improve your personal finances or if you want to decide if you'll become an entrepreneur.

You should be aware of what means to be an entrepreneur and the advantages of become one in order to make a good decision. Read these articles to know what it takes to become an entrepreneur.

2. Put your own numbers in order and learn how to manage cash flow at the same time

I highly recommend you to make a personal financial plan before to start your business or at least make both plans at the same time.

This is because before to risk any money you should have a good idea of your personal and familiar financial needs, wants, objectives, strategies etc. exactly as in your business.

You can't deny this reality, after all if you can't manage your own finances, how do you think you're going to manage a business? People frequently ask themselves the big question about how to become an entrepreneur and forget that there is a lot of work to do at home first.

If you can't control your own financial statements and cash flow this will be one of your main disadvantages if you want to start a business. That's because sooner than later you'll merge your own money with your business' money, you'll lose the control of the cash flow and the cash flow is the blood of any business.

It's better for you to learn how to manage cash flow with your own money first because this will help you to learn accountancy later. As I said you can plan your finances and business at the same time too.

3. Learn about leadership

Yes, even I you don't see you now as a leader capable to have people who trust in you and believes in your ideas, you'll have to learn how to become one.

Why? Because a business requires a conjunction of many skills and knowledge and a single person (i.e. you as the entrepreneur) simply can't learn it all, apply them and control. That's inefficient and you'll soon become a slave of your business losing all your personal time and balance in your life. That is not the idea.

Instead you should have to seek people who already have those skills that complements you and persuade them to believe in your project. That's leadership. This way you'll have a team to work with which leads us to the next step.

4. Learn how to work as a team

The last step on how to become an entrepreneur is related to team work. If you're an employee probably the organization you work for has teach you already how to work as a team.

Do you ever have a supervisor or something like that? Probably you did but if not, I will suggest you to learn to play the role of the staff member as well as the role of supervisor; they are all different I can assure you.

The role of staff member implies a lot of work but normally doesn't have to organize more than his/her own time to reach his/her objectives, of course team work and communication is needed when problems and difficulties arises and the help of a more experienced member is needed.

On the other hand the supervisor has the responsibility to reach the objectives and motivate the team. It has double pressure because he/she has to report to managers and has to help, control and motivate team members because without them he/she simply can't do it. There are lots of people with different experience, sense of humor, personal problems and therefore a supervisor has to have a good temple to manage them.

I'm telling you this because as a leader you'll have to work, manage, persuade, motivate, help and teach many teams in your business.

These are the basics steps on how to become an entrepreneur. They are simple but not always easy to learn, be sure that once you have some experience in these fields your chances to succeed are greater.

Now let's get back to the main page of this section to learn more. Just use the links below.

To top

Back from How to become an entrepreneur to Business entrepreneur or Home


Planning a Better Future
Enter your e-mail address


Enter your First Name



And you'll receive a FREE personal finances e-book.

Follow PlanFinances on Twitter  

Subscribe to our Blog with your e-mail!
Just click the respective icon:

XML RSS
What is this?
Add to My MSN
Add to My Yahoo!Add to Google
 
 





 
Page copy protected against web site content infringement by Copyscape
 

footer for financial planning page

 
   
Powered by SBI