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Why You Need To Be An Entrepreneur »

Posted by: JaneMay 2 years, 9 months ago

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A lot of people dream and talk about being entrepreneurial and starting their own business. Everyone wants to do it, but few ever really take the necessary first step, and those who do take the step rarely put 100% of their efforts toward making it succeed. Nothing in life is truly successful without a full commitment.

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JaneMay

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Comments: 20

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JaneMay
March 21, 2007, 2:29 p.m.
This varies depending on individual goals and aspirations. But it takes a special person to take that initial step.
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match
March 21, 2007, 3:19 p.m.
Jane, you're correct in that it does vary by person, but if anyone has an inkling that this is what they want to do, I think they should jump in head first.
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Leemck02
March 21, 2007, 7:30 p.m.
This is a huge topic that is not being talked about nearly enough. Are we primarily warriors or business people as a nation? Clinton's recovery of the economy for 8 years was due to a great part stimulating small businesses. Please be real, the economy was in near colaspe under Regan and Bush Senior (also pushing wars), say it and believe or show me some OMB, Fed or Congressional records that show otherwise. More millionaries were created and especially under the age of 25 than ever. Clinton may have taken the make love not war thing to far, I'll agree. Large companies are at the helm and have been since the turn of the century and they offshore, avoid taxes, contract not to pay benefits, and you get the picture. Say Enron, WorldCom or others with me if not. Meanwhile, we see working people fall for the rethoric boosting them to continue or get more corporate welfare. I don't count buying a franchise as Entreprenural. New starts are good for communities, we need more.
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Dascoop
March 21, 2007, 7:44 p.m.
Leemck02, I agree
Many businesses fail because many neglect to do their homework and jump into it not knowing what to expect.
Running ones own business requires a lot of hard work and long hours, not to mention legal matters that have to be in order.
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Taganan
March 21, 2007, 10:45 p.m.
Our restaurant failed partially because we tried to offer too much and be open too long. We had regular customers who came back, loved the food, but we could only seat 9 people. Then too we opened 9/10/01, the next day was 9/11 and all business stopped for months. The landlord would not allow any expansion of the seating and overcharged for electricity. The location was good, the economy was bad.
The new restaurant in the same location is doing well because the economy is good, the new landlord is honest. We rolled the dice and lost, the new person seems to be winning. That is the luck factor.
We even are supplying homemade desserts to the new restaurant which make us money and the restaurant money. They already have many of our old customers who like the desserts. Their success will also be our success.
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riverdog
March 21, 2007, 11:04 p.m.
Quality of idea hard work luck = success. I wish it were that simple. Too bad there isn't a way to take the "luck" out of the equation. If you have a good idea and see a niche, the chances that your idea will be stolen or copied are extremely high. If you have the financial legs to keep standing you might prevail, otherwise it's likely a losing proposition. Something not mentioned here that gives a ray of hope, and that is relationships and community. If you actually value your customers as people instead of revenue and work hard to develop that community, you'll likely have continued support in spite of the ruthless, price cutting, idea stealing competition.
HomeGManComment has been removed: User banned.
Avg rating: (+2/-1 1)
THOMNH62
March 22, 2007, 6:57 a.m.
Leamd02
more propaganda, Clinton was in office during the dot com burst, he had nothing to do with building the economy. It was the tax cuts under Reagen that got this country going, obviously you are a failed business owner. Using this topic to push your agenda is sad, anyone with drive and motivation can start and run a succesful business. In my state it costs $130 to form an LLC and your off and running. So don't dicourage anyone from a dream of independence, even though it goes against your liberal commie ideal.
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white-pawn
March 22, 2007, 8:32 a.m.
Great post, Jane.
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1basque1
March 22, 2007, 9:16 a.m.
If everybody had to do a job dealing with the public one on one , they would be much better customers...
There is no college that can teach you what you learn from experience..
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MichelPK
March 22, 2007, 10:11 a.m.
Awsome, read it twice!
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jeffery1
March 22, 2007, 11:44 a.m.
This article says nothing. It's written by someone who wants to be a motivational speaker but has nothing meaningful to say about the topic except motivational nonsense. The points covered: "Risk is fun and exciting", "You are on your own time schedule", "Your success is in your own hands", "Monetary reward", and "Satisfaction and self-actualization" are merely come-ons to sell some pyramid scheme.
Starting a business requires some very hard thought that results in determining whether your idea has any merit and a business plan if it does. Simply thinking positively and wanting something really hard and jumping in with both feet doesn't work, except for a very few lucky people. You must KNOW what you're doing!
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ronanob
March 24, 2007, 2:02 p.m.
Great Post, I wish point 4 was true if you make 50k you get to keep it... doesnt tend to work out like that after the Tax of taking it out of the business and all... Still thought being an entrepreneur is the best way to take control of your life. Love your blog