Adam Toren - Starting Your Own Business: Become an Entrepreneur!

STARTING YOUR OWN BUSINESS: BECOME AN ENTREPRENEUR!

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Library of Congress Control Number: 2017934299

ISBN 978-1-119-27164-2 (pbk); ISBN 978-1-119-27178-9 (ePub); 978-1-119-27181-9 (ePDF)

1. Table of Contents

PROJECT 1

BEFORE JUMPING INTO STARTING A BUSINESS, ITS IMPORTANT TO KNOW EXACTLY WHAT ENTREPRENEURSHIP IS AND IF ITS SOMETHING THAT REALLY APPEALS TO YOU.

What are the advantages and disadvantages of having your own business versus working as an employee? What will you probably love about being an entrepreneur, and what challenges are you likely to face?

This project helps you work through the answers to those questions and much more.

What is entrepreneurship? Entrepreneurship is simply the act of being an entrepreneur. Its what an entrepreneur someone who owns his or her own business does. Anyone who owns a business can be called an entrepreneur. But true entrepreneurs start businesses on their own, or with partners, and work hard to grow those businesses and they usually love doing it!

Entrepreneurs arent just business owners. They thrive on starting and building businesses, and many start several businesses over a lifetime. Some of their businesses are successes, and some are not. But the mark of a true entrepreneur is that he never stops trying. True entrepreneurs are excited about their successful companies, and when something they build fails, they see it as a chance to learn and do better next time.

Another part of what it means to be an entrepreneur is dealing with people who dont share in your vision. Chances are high that not everyone will be as supportive as possible during your journey through entrepreneurship. You may experience resistance or criticism from parents, friends, or others you meet. But remember, if you want to be an entrepreneur, you are doing it for you not because of what someone else thinks. You cant let anyone or anything stand in your way.

Becoming an entrepreneur can be very rewarding. In fact, most people who have started their own businesses would not want to do anything else. Once youve experienced entrepreneurship, it might just be the only thing you ever want to do for work.

The following sections look at some of the great things about being an entrepreneur, and some of the challenges youre likely to face along the way.

If you asked entrepreneurs what they like most about having their own business, many would put freedom at the top of their list. What does freedom mean when it comes to entrepreneurship? You may have heard people refer to owning a business as being your own boss. What they mean by this is that you, as the one who started and owns your company, are the one in charge. You dont have a boss to answer to, as you would if you had a job working for someone else.

Freedom can also mean being able to work at something you enjoy doing. Many people with jobs complain about their work a lot. An entrepreneur should be working only on a business she enjoys, and that can make a big difference in your happiness!

Of course, enjoying your work doesnt mean you dont have responsibilities. As we talk about later in this project, it isnt about being able to do whatever you want, whenever you want. To be a good business owner, you have to take great care of your customers and anyone who works for you, and you have duties that need to get done daily.

However, the kind of freedom that comes with owning a business versus having a job is what allows you to work the hours you prefer, work where you want, and hopefully do what you love as your source of income. An entrepreneur doesnt have to ask anyone to take a long lunch break or come in late.

What do you think will be the best part about owning your own business?

Theres no question that starting a business does take a lot of time and hard work. In fact, it might take up most of your spare time at least for a while. However, one great advantage of building your own business is that you can eventually have friends and family help with much of the work, allowing you to spend more time doing the things you love.