How to start a business and become an entrepreneur
Currently I happened to read a news about the entrepreneurial experience of a woman entrepreneur. I am really interested in her story. Here is link of her storyhttps://www.bbc.com/news/business-53163395. It seems like the journey of being an entrepreneur is full of opportunities and challenges. As a university undergraduate student about to graduate, I would like to know how to set up a business . Could you please give me any suggestions about your business ideas or your experience to solve the problems occurred in your business? And what characteristics are important for an entrepreneur to be successful.
Hi, Rachel.
I was a student entrepreneur myself (now a graduate) and you're right about entrepreneurship being full of opportunities and challenges.
To be honest, starting out as a student is quite challenging.
You have to juggle school, relationships and business.
On top of these, sourcing for profitable ideas can leave you chasing 'the lady in the red dress' for MONTHS.
Here's my advice to you:
What problems do you or the people around you have?
Do other people have this problem?
Do you have the resources to solve this problem?
If you have resources, how will you market your solution?
Do you have a risk-loving mindset?
If you don't, BUILD ONE.
Do you have an in-depth knowledge of business?
If you don't, dig deep and wide and know your business intimately.
These serve as good foundations for solving business problems.
I hope these tips help you in becoming a successful entrepreneur, Rachel!
In my opinion,Creativity, Passion, Motivation, Optimism are the characteristics that an entrepreneur should have.
Hi, Lily. Thank you for your advice. Have you ever established a business?
No. but i have read several stories about entrepreneurs. I think these characteristics are important.
It is hard for an undergraduate student to be an entrepreneur. I am also an undergraduate student. I am trying to start my own business recently.
Good luck! Wish you can be successful!
Thank you.
The story your shared is interesting. This women entrepreneur encountered many problems during the period of starting up the business. I used to own a small business. I also encountered several problems. However, I didn't give up and try my best to solve the problems. If you want to start a business, you should stick to your goals and never give up.
Thank you for your sharing, could you please tell me more about your problems and how to solve these problems? I would like to hear from you.
Another problem that pops in my mind is that our business is not that profitable at first. We did some research based on the target marketing and made some adjustments to our products.
At the beginning of my business, i do not have enough money to start a business. I invited a friend to be my partner. He invested money to our business.
Before you start a business, you should find your motivation for establishing a business and confirm your entrepreneurial passions. It means you are absolutely clear about why you are doing it and you are willing to do it. Next, you should have a clear plan and test your business premise in advance to avoid some problems.
Your suggestions are helpful! Thank you!