- Take a personal inventory.
Before becoming an entrepreneur, you’ll have to determine whether you have what it takes to succeed. Take a realistic view of your strengths and weaknesses. Specifically, look at areas of capability (knowledge and experience), aptitude (skills and likes), and personality (persistence, resilience). Do you have the knowledge and experience required to succeed within your chosen industry? Can you deal with failure and hardships along your path to success? Finally, assess whether or not you have the financial standing required to start a business.
- Be a problem solver.
Lots of people recognize things they wish they could do, or imagine useful products or services they wish they had. Few people actually act on those ideas, though. To be a successful young entrepreneur, you’ll need to stay open to inspiration by looking at the world around you with the eyes of a problem solver. To kick-start the process, ask yourself guiding questions like:
- What kind of content do you wish was online?
- Is there a product or service that could help you create employment for others?
- Whatever path you take to entrepreneurship, it must begin with identifying problems and dreaming of solutions. Write down all your ideas, no matter how crazy they might seem.
- Give yourself time to be creative
Before you can get to work, you need to give yourself time to be inspired. Work some time into your schedule to decompress and allow your creative juices to flow. Give yourself some quiet time to contemplate, reflect, and think about how you can best develop yourself as an entrepreneur.
- Learn from others.
Investigate how other young entrepreneurs have found success. Think about how you can incorporate their ideas, methods, or techniques into your own entrepreneurial activity. Read their books and articles. If possible, network with other young, successful entrepreneurs. Being around these people will help you grow, learn, and see what it takes to be successful. In addition to learning from other young entrepreneurs, solicit feedback from employees and co-workers. Seek counsel from wise friends, associates, and successful business persons about how to best grow your enterprise.
- Live passionately.
Success will only come if you believe in and are excited about your product. Your energy will inspire potential investors and partners, and help you grow your business. Your passions can inspire entrepreneurial activity. Identify a cause you feel strongly about and figure out how to fight for it.
- Take risks.
The most successful entrepreneurs didn’t get to where they are by playing it safe. As an entrepreneur, you need to take calculated risks to move your business forward. Taking risks doesn’t mean jumping in blind. Do your homework before developing a new service or starting a new venture.