At some point, most of us have fantasized about quitting the nine to five and doing something different. It’s our entrepreneurial spirit reaching out and tugging at our heart strings. But for many of us, it doesn’t seem like something that’s truly practical. After all, who manages to turn their passion into something that actually makes money? Hardly anyone.
But this is looking at the problem in the wrong way. Entrepreneurship isn’t really about any particular passion. It’s about the process itself. It’s about seeking out and finding new things that will make a difference in people’s lives. And then it’s about delivering those products in a timely and cost-effective manner. Turning your entrepreneurial zeal into a career is possible. Let’s find out how.
Focus On Quality For Your Customers, Not Your Own Passion
Passion for anything can only get you so far. You also need to present customers with a quality offering. Yes, it’s important to have excitement about your business. But it’s also important to choose something that you’re actually good at. Far too many people start travel or restaurant franchises. But then they discover that they don’t have the skills to provide an excellent service. Remember, entrepreneurship is your motivating goal. So choose a career area in which you have the greatest comparative advantage. Then stick with that career area and do something new in the spa
Hire Great People
Entrepreneurs don’t go it alone. They rely on the support of dozens of people, both within and without their company. But as your startup grows, you’ll soon find that HR takes up more and more of your time. And this can put the brakes on your business venture. Investing in an HR system to take care of absences and collecting data saves time and money. It also helps you keep track of the performance of the people with whom you work. More information means that you can make better decisions about the people you rely on the most.
One of the reasons more entrepreneurs don’t make a career out of it is that they fail to delegate. But delegating is one of the crucial aspects of being an entrepreneur. Your role is to make sure that the right people come together in the right way to make a product happen. Don’t be afraid to put somebody else in charge of getting something done. Yes, they’ll put their own spin on it. But they’re ultimately reporting into you. And that still gives you a lot of authority – if that’s what you want.
Delegating is also a necessary, since no one person knows everything there is to know about operating a company. Rely on the expertise of others to get the job done.
Grab A Mentor
You can’t train to be an entrepreneur. You have to learn along the way. The problem for many people is that this means they make a series of catastrophic mistakes. One way to avoid this is to form a relationship with a business mentor. Mentors are people who have succeeded in their respective field of business. And so they’re great people to have around if you’re ever in need of advice or direction.
This post has been contributed by Ryan Gatt, it may contain affiliate links.