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It takes more than starting a business to be an entrepreneur.  It requires drive and initiative to develop a product or service. Below are 8 strategies you should consider before pursuing a path of entrepreneurship.

Strategy 1: Being Self-Aware

Know yourself! Being aware of your strengths, abilities, personality characteristics and limitations allows you to leverage them in all situations.

Strategy 2: Believing in Yourself

Trust your abilities and talent. To be taken seriously as an entrepreneur, you must believe in yourself and have confidence. Convey an entrepreneurial mindset demonstrate your business acumen.

Strategy 3: Finding Your Niche

Be an active listener and pay attention to your market. Learn about what your target audience wants and develop solutions to address their problems.

Strategy 4: Turning Failure into Opportunity

Don’t fear failure. Evaluate the failure, learn from it and move forward. Use it as a guide to help you re-examine your purpose.

Strategy 5: Creating Connections Among other Entrepreneurs.

Develop a support system with other like minded people. Surround yourself with entrepreneurs who share your passion and interests.

Strategy 6: Being Committed to Your Passion

Enjoy what you do. Passion is what makes your actions and purpose more meaningful.  You are more committed to your goals when you have a purpose.

Strategy 7: Continuing to Reinvent Your Idea

Be a lifelong learner and find efficient ways to improve your product or service.

Strategy 8: Establishing Yourself as a Leader

Be a pioneer and use your creativity and innovation to make an imprint on society.

I hope that you found these tips helpful and can apply them to your own strategy for success.  Best of luck!

What advice would you give an aspiring entrepreneur?

Marian Moore, Career Development Coordinator/Career Counselor in Career Services at OSU is passionate about empowering others holistically to find meaningful and sustainable careers that promote lifestyle optimization. Interests: Career Coaching, Talent and Human Capital Management, Curriculum Design and Development, International Education, Personal Branding, Organizational Development, Entrepreneurship, Global Economic Development, Human Rights and Immigrant and Refugee advocacy.

 

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One thought on “Being an Entrepreneur: What Does it Take to Launch Your New Venture?

  1. Great points – I think these are all very important factors for people thinking about going into business for themselves.

    One item that is not mentioned that I would add to the list is “Being a Risk-Taker”. Entrepreneurs need to be able to take risks. They don’t necessarily need to “love” risk, but they can’t be averse to risk.

    The most successful businesses are typically the ones that take the biggest risks. They try new ideas, adapt to changing markets and do things differently than other businesses in the marketplace.

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