Entrepreneurship can be a great way to financial freedom, but building a successful business takes a lot of time, hard work and perseverance. Many young workers are left wondering when they should start a business and what education is required to do so.
A college degree is not required to start a business, but it certainly helps. College not only teaches students educational topics that can be helpful in starting a business, but also soft skills, like how to be lifelong learners.
Entrepreneurship is about creating and growing a business, but don’t let that concept consume you. If you want to be an effective entrepreneur, boss, leader, teammate, and visionary, you can’t be content to only make changes and spark growth in your business—you have to make changes and spark growth in yourself as well.
Your personal growth is what’s going to equip you to carve a path to success:
- You’ll gain knowledge to make better decisions.
- You’ll develop skills to expand to new areas.
- You’ll earn experience to apply different perspectives and engage your creativity.
- You’ll transcend your business, so that when your business is sold (or when you depart some other way), you’ll be able to do even more in your next venture.
I was horsing around with my dog the other day — I promise this is an article on entrepreneurship — when something extraordinary happened.
We’d been playing tug-of-war with her red doggie blanket when, after 10 minutes of tugging, I finally managed to wrench the festering rag from her clenched, bulldog jowls. I flashed the blanket about like a torero, bowed, then I flipped it behind me and hid it on the small of my back.
Sugar searched frantically for a minute while I sniggered and snarked. Finally, my inner villain satisfied, I dropped her prize in plain view at my feet. Here’s where it gets weird.
The millennial generation is shaping the modern workforce—whether you like it or not. They’ve been blamed for a host of problems, such as being too entitled and obsessed with social media, and credited with several positives, such as appreciating creativity and having higher moral values. But of course, all of this depends on who you ask—some people claim these traits are inherent in the millennial generation, while others assert that they’re attributable to the coincidental youth of this particular generation or exist purely as anecdotal evidence.
10. Plan for Daylight | Peter Mehit
I was flying from Philadelphia to Dallas. It was an early Thursday morning flight and almost empty. I got a complimentary bump to first class and sat at the front bulkhead, half awake with a pile of papers in the empty seat next to me. The cabin PA crackled to life.
“We got a problem,” the captain said in that droll voice that we all make fun of. Then the plane went into the steepest dive I’ve ever experienced. “Everything’s going to be okay,” he added, I think as an afterthought.
But things were pretty far from okay. Oxygen masks dropped from the ceiling and then floated in the air, weightless. My papers were floating off the seat cushion and in that moment, I noticed that I was weightless too. It only lasted for about five, maybe ten seconds and it would have been the coolest thing ever, if it weren’t totally terrifying.
9. You Define Success
“The things you own end up owning you.” So said Tyler Durden as he opened a round of Fight Club in the cellar of Lou’s bar. That statement feels right because it is. We get attached to goals, to things, and we lose ourselves.
When you’re starting out, the excitement of doing carries you along. Each new success, each milestone achieved places you closer to where you believe you want to be. The late nights, panicked preparations for demos, the sweaty palmed waits in law office lobbies, they take a toll. You think you’ve rounded the corner to easy street, things fall apart. Just when your heart is about to shatter, you catch a break.
It’s exhausting and exhilarating, but it brings your team together. You become more than friends or teammates. You become stronger than family because you live through more intense experiences in one month than most families go through in a year. This bonding continues as you struggle with one mind to achieve a kind of birth. You believe that nothing will come between you and your partners after all you’ve been through.
You can’t be a successful entrepreneur if you’re afraid of being uncomfortable. Strange as that may sound, it’s a reality you’re going to have to face if you want to own and grow a business. Countless entrepreneurs, from Richard Branson to Mark Zuckerberg, have professed the importance of taking chances and pushing yourself past your “comfort zone,” but what does that actually mean? And how on earth are so many entrepreneurs able to tolerate immense mental discomfort and do things that scare, intimidate or otherwise cause them distress?
There are more entrepreneurs in the United States than ever before. And many of them are immigrants, whose proportion of the U.S. population is the highest in history.
According to the Migration Institute, immigrants in the United States and their U.S.-born children now number approximately 81 million people, or 26 percent of the overall U.S. population.
And many of them have started their own companies, spurred by the financial crash of 2008. That’s evidence that the long tradition of the American Dream lives on: Immigrants continue to come to this country to make their dreams come true.
Instead of waiting their turn to rise to the top at work, a number of younger women are taking a different approach to breaking the glass ceiling, new research finds.
A study from the consulting firm REAL revealed that among millennial female entrepreneurs, nearly 90 percent left their job in the corporate world to start their own business. This has not only given them the opportunity to take on executive leadership roles, but it also allows them to employ largely female staffs, execute flat business structures that have no, or few, levels of middle managers between exectuives and employees, and encourage greater employee consideration and inclusion, according to the study.
On-demand services like Uber are becoming increasingly popular with consumers, but they’re also having a significant impact on entrepreneurship, according to a new study.
Researchers at the University of Michigan, University of Minnesota and Temple University discovered that within one year of Uber and Postmates entering a new geographic location, entrepreneurial activity in those cities declined.