To Become an Entrepreneur – Becoming Able to Walk Away

To become an entrepreneur you do not need to be smarter than anyone else. Many people who start businesses do not have the desire to finish the business. They quit when the business becomes burdensome or doesn’t make money. You need to love the business, know that you can not keep doing the same thing over and over again forever. You need to love the feeling of watching the business grow and take off. You need to be able to face the day when you need to stop the business, but you have built it enough so that you can walk away when you want. The entrepreneur can see that day and be able to say, “Today is the day I’m going to call it quits.”

To become an entrepreneur you do not need to have a lot of money. Many people who start businesses do not have the money to really do the business. They borrow money against the business to fund their growth. The entrepreneur with the desire and the drive is able to get the debt off the company and make the business profitable.

To become an entrepreneur you do not need to be a math genius. Many people who start businesses do not have the ability to do the financial modeling necessary to keep the business viable. They use math to make the business grow, but oftentimes the business does not grow as planned. The entrepreneur knows that he will need to do financial modeling and will often times do that himself to determine the future of the business. Many entrepreneurs are able to keep the company going as well as find a way to make it profitable enough to pay the interest on the debt.

To become an entrepreneur you do not need to have a great internet presence. Many people who start businesses do not have the time and the ability to devote hours and hours to the business. They are good when they need to be good, but they will oftentimes let the business grow and expand out of control. The entrepreneur sees that the business is not profitable and will often take over the business from an ownership position, as the CEO. The entrepreneur understands the importance of an internet presence and will often hire a person or company to take the business to internet-ready.

To become an entrepreneur you do not need to know a lot of rules about giving, but you need to be able to give because you know you cannot keep giving forever. You need to know the moment you want to stop giving. The moment you need to stop giving is the moment the business starts to grow and become profitable. The moment you stop giving is the moment you see the company turning in a profit.

Referred:

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