Entrepreneur is defined as: a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
So, how do you teach someone to take risks or work that hard? Well, the simple answer is, you can’t. So, if you want an “MBA” in Entrepreneurship, you won’t be able to get that in a classroom. You earn that so called degree, in real life.
Here are 5 Tips to earn that MBA!
1. Start a business
It doesn’t matter what kind of business it is, what i sells, and who the customer is. Give it a name, build a simple website (or have someone do it for you), get a logo. Do as many of those things yourself so you can spend as little money as possible and learn how to do them just by figuring it out.
2. Sell a product or device.
Once you have your business, website, and logo, put a product up for sale! Stand behind that product and tell everyone that it’s the best thing to hit the market since sliced bread! The more excited you are about the product, the better chance you’ll have of succeeding. Put some effort into marketing. This goes beyond a Facebook or Twitter account. Get creative and figure out a venue to put the product you are selling in front of the most people.
3. Hire someone for a month and then fire them.
Hiring people is difficult, but firing people is harder. There’s almost nothing harder for an entrepreneur to have to do than to let someone go. It will keep you up at night, leave a pit in your stomach, and cause you stress. But, you’ll learn from it and make tremendous growth as a person and a business owner. This one act will give you a semesters worth of knowledge in a fraction of the time.
4. Put your money where your mouth is.
Invest a good chunk of your money into your business. Starting out, you’ll probably lose most of this money and not really see a return on investment. The purpose of this is life experience! Someone telling you how to write a business plan or balance your company budget won’t help you understand how to make the right financial call for your business. It definitely won’t tell you how to deal with it and how to handle that feeling you have when it doesn’t pay off. Put in money and learn from the experience.
Completely change the direction of your company. If you were selling a product, now sell a subscription or service. It’s not going to be easy, but a company sometimes needs to evolve and change direction to stay afloat. Give yourself experience so that you know how to do that early on.
If you want to live a life that’s outside of the box from what is considered “normal.” Entrepreneurship is the way to go.
Northeast Consulting Group is a privately owned marketing company that specializes in public relations and brand building for our clients. Our job, is to help these companies continue to grow and expand throughout their selected target markets. To learn more about career opportunities within Northeast Consulting Group, Inc. please visit our website: http://www.ncg-corp.com