If you ever thought about becoming an entrepreneur, this article is for you.You'll learn about different aspects of this chosen career.
The life of an entrepreneur can be described as being in a roller coaster. Having your successful destiny in your hands might sound like a pleasant statement, but it also comes with the idea of restarting over and over again when your business doesn't go as planned. This life of having many lows and highs will become your reality as an entrepreneur, but you can’t let that get to you. You must keep pushing no matter what.
Entrepreneurs don't have an easy job. They have to fill a need by taking the risk to analyze the market and come up with the creation of a new business where they either sell a product or service.
The daily task of an entrepreneur resume as strategizing, developing the business and networking, managing operations, monitoring marketing activity, and financial management.
One advantage of this chosen field is the flexibility you have when it comes to choosing where you want to work as an entrepreneur. Indeed, as long as you are in a calm, productive-friendly space, either your home office or any other office where they feel comfortable being your computer, it does not matter.
To be an entrepreneur you need to know business which you can learn by your own experience or by researching. You can also emphasize your knowledge by going to school, in a Cegep, like Ahuntsic College, to study in any Business Administration program. Also, a background in finance will help you because running a business also means being able to pay your dues by requesting a loan to a financial institution.
Unless any other work, an entrepreneur’s salary does not depend on its average hours of working which is 70. It might sound challenging but at the end of the day it will be worth it. When all these hard-working hours finally pay off by the increase in sale numbers, your salary won't have a minimum, nor a maximum.
After finishing Cegep or University, you don't necessarily have to get an additional training, again the choice remains yours. Entrepreneurs are often looking to not only have more knowledge, but also more experiences to develop their skills. They are not afraid to invest on themselves by getting an entrepreneurial training online like a finance management class.
Starting a new business comes with a lot of responsibilities and good time management. We often hear that over three fifths of businesses' fail after launching, but every new entrepreneur wants to beat the odds. The danger with this career, especially if you’re doing this project alone, is that you are at risk of being burned out by overworking yourself. Another danger is the investment you put into building your company might not come back to you because it will always depend on how good you market your business.
AI or robots can’t completely replace entrepreneurs because the technology doesn’t have the creativity or the risk-taking mindset that a human has.
The concept of retirement isn't really tied to a specific age in the business industry. A lot of entrepreneurs over 65 are actively doing their job still and are not ready to retire. Some people even starts a business in their 50s while some entrepreneurs retire in their 60s.
The journey of being an entrepreneur might be long and full of ups and downs, but you need to keep reminding yourself why you started it and let this original purpose be your motivation.
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