We all have a little entrepreneur hidden deep inside us, right? But how do you start this wonderful journey? Below is a step by step guide on how you can start and become an entrepreneur:
1. Find a business idea
Unless you have an idea, you cannot start a business. You can choose something you are passionate about, or something that you think can make the world a better place. To get ideas, you can look through the internet or read books. My start-up idea struck me when I was reading a book.
2. Plan your business
A good plan is the first step to success. So, think about your objectives, strategies and how you will go about your idea. Research about your market, target audience and so on.
3. Find a mentor
A mentor is someone who can guide and help you through the whole process. They will tell you the kind of potential your business has and how you can go about it. They will tell you about with whom to network, what kind of investors to approach, etc. I owe a lot of credit to my mentor.
4. Sell your idea
Why should customers buy your product? What is unique about your idea and product? You should be able to sell your idea to investors and customers. Find out what makes your product different from your competitors.
5. Build a team
A successful start-up is not built by one person. You need a team for your start-up. Find co-founders and employees who believe in your vision and will work to achieve the organisational goals. My co-founder was my pillar of support.
6. Build an empire slowly
You cannot become a successful entrepreneur overnight. You have to be patient. Take wise decisions. Market your product. If you keep at it, you will eventually become a successful entrepreneur.