When to Launch Your Entrepreneurial Venture
Surely there are a basic set of skills common to all successful entrepreneurs? No? It’s hard to say. While most entrepreneurs are perceived as charismatic leaders, they seem to differ widely in their approach to doing business. Likewise they approach the timing of their new businesses differently.
There are two broad categories into which entrepreneurs fall: the risk-takers and the calculators. There are probably many entrepreneurs who are a bit of both.
What Skills Do You Need?
In terms of actual skills you need there are many different opinions. Some entrepreneurs are university graduates while others are high school dropouts. In fact, there are entrepreneurs who actually put their studies on hold or abandon them altogether while working on their startup.
Take a Chance Now or Wait?
Should aspiring entrepreneurs focus on getting into business without wasting any time, i.e. working on their startup right now, or pursue their education first?. The first approach is obviously risky – what if the business doesn’t work out as planned?
There are so many service professionals available, from web design to accounting, enabling entrepreneurs to build a small team of highly skilled specialists to support there vision. They can get you up and running quickly.
On the other hand, entrepreneurs who focus on their studies first live with fewer uncertainties, taking less risk, they are likely to make better decisions with their skills and experience enhanced.
Imagine a talented entrepreneur who has a business idea she finds promising, but does nothing about it at first, preferring instead to finish her studies or get more experience working for a company. Then by the time she’s done all this, someone else has already built a business exactly like she imagined. She missed the opportunity.
What to Do?
As always, striking a balance seems the best option. As an aspiring entrepreneur you may not want to ditch your studies or job entirely, because your startup may not be as glorious as you expect it to be. Why not start your new venture part-time while you keep your day job or continue studies? The truth is that few entrepreneurs actually make it. On the other hand, not taking the opportunity to create your startup at the right time may mean never fulfilling your dreams.
Regardless of your approach, the Internet should be your aide. The web design, branding, SEO, or marketing services you can utilise can help you set up an online business without quitting your job or putting your studies on hold.
