How to become an entrepreneur?

Being an entrepreneur is a high-rise, high-reward position.It's full of stressful situations but not as hard as it seems.

What you need is all explained below:

1.Examining your personality

Ask yourself about your priorities and consider what you need to make these priorities happen.Decide whether your personality is a good fit for entrepreneurship.List your strengths very clearly to communicate them to others.Believe in yourself and determine to succeed.

2. Setting your foundations

Think about a great idea which is going to make lives easier.Search for whether there is a demand for your product or service in the market.
Talk to potential customers/clients and ask for their feedback.Greater the risk,higher the profit.Figure out how much you actually have to invest.
Invest only what you can actually afford to lose i.e.,acceptable loss should your business turn out differently.Take your business as your goal , but not as a mere plan.

3.Writing your Business Plan

Create a business plan and write a brief summary of it.Present your market research as detailed as possible.Provide detailed information about your employees and products.Describe your marketing and sales strategies and outline a funding request.Outline your financial projections and write your executive summary in brief.

4. Preparing your pitch

Develop an elevator pitch to let someone know about you and your business.Create a powerpoint that summarizes your business plan.
Practice your discussion and rehearse it with your colleagues or friends.
Ask the people you practice with for honest feedback.

5. Taking your ideas to others

Build a strong social network with other entrepreneurs both online and personally.Develop a strong brand to effectively communicate your business to others.Ask network contacts to refer you to investors.
Take your idea to any potential investor to get money to start your company.

Sell and distribute your product.

Stay flexible and Stay determined!!!

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