The best way to become an entrepreneur is to look around you for a problem to solve. Luckily, there never seems to be a shortage of problems. If you can do that, put together a business case. This is essentially a summary that explains what problem you're solving, who your target customers (or clients) are, estimation of the cost/return to see if it can sustain itself, and a plan. The plan gives how your business would work and what timeline and milestones you expect. This serves several purposes. First, it grounds you and makes the project more real and concrete to you and allows you to understand what your chances for success are. Second, it provides a template you can add data to so you can get the advice of others. And third, it gives potential investors something to evaluate and decide whether to provide you funding. No successful startup I've ever seen has proceeded without this plan. And if your project is really something you're passionate about enough to work hard at, writing this plan will be a start of a fun and exciting and rewarding adventure. Even if you decide not to proceed or if you decide to change your project entirely, you'll have learned a lot that will never be wasted effort.
- Hi, I believe the best way to become an entrepreneur is to find a mentor. I am currently working with a mentoring program that is 4 months long. I have weekly meeting with a person that has completed multiple ventures. Getting a perspective to the challenges and a clear view of the journey from someone that has done it is critical. My mentor says Start Small. Think Big. Scale Fast. I would study cases such as Sarah Blakely who started the company Spanx with 5K and built it in to a Billion dollar business.
David recommends the following next steps:
The first question is what do you like? What kind of business do you want to own? Will you work another job while you pursue this venture? Is there opportunity for you to develop this with a partner? Will a loan be needed to start the venture, if so, how will you pay the long back & when? Do you have a business plan? If you dont, I believe starting their will help you design/layout what it is you may want to do. Goodluck!