Begin Your Entrepreneurial Journey with these steps

Nobody is a born Entrepreneur. Different people take different paths to achieve success, and there is no set-in-stone instruction for becoming one. Entrepreneurs take on multiple roles and wear different caps at one go, and these roles can vary depending on what field you choose to enter.

While there is no perfect guide to entrepreneurship, Jignesh Barsara lists down a few steps that should be taken before beginning the endeavour, however. As with most forms of success, one way to achieve your goal is by avoiding mistakes. You can follow these pieces of advice that can prevent you from starting your life as an entrepreneur on the wrong foot.

1. Have the right mindset

There are a lot of people who wish to be an entrepreneur but cannot figure out if their goal is working or not. In the end, they simply aren’t thinking like an entrepreneur. The first thing that new entrepreneurs need to know is that failure is likely and success is not given. Understand the risk you are taking, and also understand that you will most likely not succeed immediately.

2. Be honest with yourself

The life of an entrepreneur can be great! You’re your own boss, you set the rules, and you run your business. However, all of these are easier said than done. Entrepreneurship isn’t a cake’s walk. Instead, it is often much more difficult than getting a regular job.

One reason entrepreneurship isn’t easy is that, at the end of the day, you can only ever blame yourself. At a corporation, you can blame your boss, or perhaps the economy as a whole. As an entrepreneur, you will be looking for a niche in the market that you can fill. Excuses won’t cut it in this field. If your business failed, chances are that you researched poorly, you hired the wrong people or you just weren’t prepared.

3. Start thinking

Just because some college drinking buddies want to open a bar doesn’t mean they should. Likewise, just because you’ve come up with what you think is a good idea doesn’t mean it’s perfect. There’s a lot of research, planning and general deep thought needed to succeed as an entrepreneur. Without proper preparation, your dream business could fail quite quickly.

At the same time, no amount of preparation is going to ensure that your business will succeed. You need to be the one who knows when you’re ready. Decisiveness is important to have, but you should have ample preparation before the big decisions need to be made.

4. Find a mentor

This is one of the most important steps you can take to lay a foundation for success. When you have expert guidance, support, and motivation; you are 100 times more unstoppable than you are alone. Mentorship allows you to quantum leap straight to the head of the game more rapidly than if you tediously faced down every beginner’s hurdle. Avoid pitfalls, mistakes that could cost you your future, and rash decisions by having someone in your corner.

5. Commit

Once your business idea is prepared and you’re ready to be an entrepreneur, the last thing you need to do is commit. If you truly want to succeed, put in your 100 percent effort. An effort will always trump luck and skill, so if you’re serious about being an entrepreneur then you should never stop trying.