Start working right now if you want to become an ENTREPRENEUR

Hai n Hello.. 

Hope everyone is fine & doing great with your busy schedules ….   !!

Well… what makes me to write this post today? 

I met an Entrepreneur who started his business recently in Bangalore, which he thinks to get start his business before 5 years. 

Then I asked a question to him!!  What makes you to take 5 years in implementing?

He said: To be frank, I didn’t work on it, not because of the laziness or lack of commitment in me; it is the experience I am lacking in and encouragement. 

LaLi (me): Oh, I also passionate towards entrepreneurship but waiting for to get connect with likeminded people. 

And the very next question he asked me is. Good, so do you have any burning IDEA in you?

I just replied by nodding head with a smile and started asking more questions related to his experience.

My first question:

I would like to know the problems you faced in getting started your business?

Ahmed (Started a management consulting firm with vast experience) – it depends on your IDEA or business you choose and more over the core team you are having. Well it comes to me; I am a one man show of my entire business. So from the beginning i.e., drafting of my business plan to the end of providing customer service is my role. If you really want to become an Entrepreneur then start working on your IDEA right now. 

LaLi (me) - How can I start working on it without knowing anything about the Industry or business!! You only said it took 5 years for you to get it start in order to gain experience!!

Ahmed: Yes, It took 5 years for me to fulfill my dream. It is all because I didn’t work on it in first 3 years and at the time I realized my dream it took 2 more years to drawn a complete blue print of my own business. So tell me is it better working simultaneously with your job? 

If you really having a passion to become something then keep working on it without giving a gap in between, otherwise you might lose your passion with enthusiasm.

Having an Entrepreneurial spirit is great but keeping it alive for longer time is really shows your passion towards it.  I am not teaching you the entrepreneur ship lessons; hope I am not making you feel like that...!!

LaLi: No… No... Mr.Ahmed Please share, I am really in need of experienced guidance. It is my pleasure to have a conversation with you. Please share or tell me what all I need to get it start or to fulfill my dream to become an Entrepreneur.  

Ahmed:  I have seen many people.  Most of them having a common question that, from where they have to start with or begin with...?

I am seriously suggesting you to get out from the dilemma - where you need to start with?

It really keeps you low and pushes you back for not doing anything.  There are many things you need to work on..

Have you studied your Industry or Market you are going to enter?

Do you know the scope of the market?

Did you identify any niche segments to target?

What is the USP you are having?

Who are your competitors? How they are running their business? What are their offerings? Strategies?

Do you know the legal issues to start a firm or company?

Do you know how much capital u need to start? Have you prepared your business plan?

Does u know how to build a website? If not do you have any contacts?

How do you do marketing for your service or product?  MLM? Marketing plan?

Staff: IT ? Finance? HR ? What are your mission and vision statements?

Have you selected your core team (like minded people)?

Do have any IDENTITY or Track record to show case yourself?

Where do you get funded?

How do you impress your VC’s or Investors?

which department you need to outsource to concentrate on your core business ?

LaLi: Given a hopeless expression

Ahmed: I am not scaring you for not to become an Entrepreneur, I am just letting you know there are so many things to start with or to know some basics as you are going to become founder of the company.

 LaLi: How to keep track of all these things with the busy life?

Ahmed: That is why I told you to start working right now simultaneously with your job. Keep yourself free to spend some time for your passion. And the time you spend now on your passion will really helpful to keep you in real market a bit much faster than the time I have taken to enter in to the market.

LaLi: Yes, I really need to start doing research on the Industry I have chosen. 

Ahmed: Don’t worry how much time it will take to get it start, always feed your passion with suitable motivating factors. I have seen so many entrepreneurs failing at the beginning stage itself, it is not because of the inexperienced individuals it is the support and guidance they required. Now a day’s there are many start-up incubators came forward to encourage entrepreneurs, Ex: Microsoft and Start-up circle, Tie Bangalore and many more

Keep an eye what they can do for Entrepreneurs as well as for you too.. 

LaLi: Sure, and I would like to be in touch with you as well.

Ahmed: Any time

LaLi: I am so glad for sparing your time with me and thankful for making me to realize the valuable time

Ahmed: No worries, I am happy to help you, will be in touch. Nice to meet you 

LaLi: My Pleasure, Good day.

So, here my theme is to make aware of your passion within you, if you are dedicated and have a strong desire to become an entrepreneur, It is the time to work from now onwards. 

Have a blessed day

LaLi