I will advice you to start your own business. Among these graduates will be the next generation of innovators, founders, entrepreneurs, and small business owners. These adventurers, some armed with well-defined business plans and others with nothing but dreams and moxie, are determined to follow the road less travelled and carve out their own unique career paths. But before turning down a steady job or packing away the interview suit, recent grads need to evaluate if they truly have what it takes to start a business. As an entrepreneur, the importance of doing work that brings you joy, and fulfilment cannot be overstated. In fact, a founder's passion is key to ensuring that a business thrive. “You have to do what you love to have a fulfilling career,” said John Tabis, founder, and CEO of The Bouqs Company. The only way to know if what seemed like a great idea in your dorm room can become a viable business is to do the research.
Take the time to thoroughly study all the elements that go into establishing your new business. Christopher K. Lee, founder, and career consultant with Purpose Redeemed, suggests immersing yourself in the minutiae of your chosen industry. “Understand the operations and finance of the business.” Finding experienced and trusted advisers who can offer guidance and support will help a new entrepreneur navigate the pitfalls of business development and ownership. A strong professional network often makes the difference between success and failure for your business. One way to build this network is to make connections as often as possible and with as many people as you can, said Sarah LaFave, board president of Lori's Hands, a non-profit she co-founded as a college student. While building your network, do not ignore the potential power of your existing relationships. In addition to using a variety of social networking tools to expand your circle of contacts, aspiring entrepreneurs also should seek out strategic volunteer opportunities. Julia Bonner, president of Pierce Public Relations, recalls that during the first year of starting her business, she sought out volunteer opportunities with groups where she could both network and have an impact. Recent college grads who are digital natives are especially equipped to harness technology's power to establish, promote and grow their businesses. Communication is a fundamental skill in life and in business. Andrew Pudalov, founder of Rush Bowls, recognizes that interpersonal communication can be challenging for many college graduates because they have grown up in a world where so much is shared via social media, texting, or direct messaging. “Sometimes entrepreneurs, especially technologists, can be introverts, but you have to get out of that and build both your willingness and skills to communicate,” said Nitin Seth, CEO of Incedo. Those who struggle with verbal communication can practice different approaches to strengthen this ability to express their vision for their business. For example, Bonner recommends coming up with planned responses to some of the most common questions asked about your business, and then testing out your answers on friends, colleagues and family members who have varying degrees of knowledge about your business and industry. All entrepreneurs need to prepare for every aspect of running a business, and this includes developing a sound understanding and ability to manage the financial aspects of their company, including financial analysis, taxes, and budgeting.
Alex Kurrelmeier, director of the Ron Rubin School for the Entrepreneur at Culver Academies, said early-stage entrepreneurs should seek out online courses in finance and study various start-up business models. If you want to start a business, you must put the desire for instant gratification aside and plan to work harder and longer than you ever imagined. Developing an unflappable resilience and commitment to your business will be necessary to get through the toughest days.
So much of what it takes to create a new business is simply about the unglamorous monotony of hard work. Lydia Brown, founder of Chicago Collegiate Nannies, believes prospective business owners need to understand this reality before venturing forth. As a business owner, Brown says she works twice the time that she did in her previous career and always has more work to do at the end of the day. Flexibility must also be part of the new entrepreneur's psyche, according to Kirsten Quigley, co-founder, and CEO of LunchSkins. This sobering fact may be enough to dissuade those with a low tolerance for risk from ever starting a business. However, young entrepreneurs should not fear failure, but instead recognize that it can teach them valuable lessons about their business and the path their careers should take. But recent grads who want to build a business must push past these confining notions of what it means to be successful.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath