In this day and age you are able to search and learn how to do most anything, but in my opinion entrepreneurship needs to be learned hands on. From the classes you can take or the books you can read all are useful and serve their purpose but nothing compares to actually starting and running a business.
In my opinion every entrepreneur should start their own small side business, even if this business isn’t in your final interests or markets you are interested in. For example, I am a mechanical engineer, my first business that i started was a recycling company. While I do not intend to remain in the recycling business indefinitely but the experience and knowledge gained from this business will help set the foundation for future businesses.
For most of use our first company may not become a huge money maker and for most they will fall apart or go bankrupt. Knowing that we will make mistake and need time and experience to be able to handle running a business. One huge consideration in my opinion that people overlook is if they would even enjoy being an entrepreneur and starting new companies and running businesses.
While I enjoy the freedom of running my own businesses and working for myself there is a flip side to the coin. You and your partners are solely responsible for the outcomes of the company. For some people the pressure and stress of running a business where for most entrepreneurs have most if not all their net worth tied to the company can be to much to handle.
In an article by Business insider, “We’ve collected wisdom from 14 prominent CEO’s and entrepreneurs who have seen drastic ups and downs throughout their careers.” From these quick tip from each successful entrepreneur you can learn from some and leave others. Similarly an article on First Round titled, “The 30 Best Pieces of Advice for Entrepreneurs in 2016,” gives advice for entrepreneurs. While these articles and the plethora of others out on the web are useful to an extent but at some point you need to learn from doing.
My advice is to start a small side company just to get the ropes of what you are doing and make the beginner small business mistakes and get them out of the way before you are really pushing your companies. Learn and experience and bring that along with you as you go. Also take into consideration the mental aspect of entrepreneurship and ask yourself if you really have what it takes.
That is it for now, Let me know what you think buy commenting below and as always feel free to share on all platforms. Thank you for reading and feel free to check out my other blog posts.