Steps to Becoming An Entrepreneur

By Sapriyah Hancock, Senior at Calvin Coolidge High School

Becoming an entrepreneur isn’t as easy as it seems. Most people have problems with reaching the right crowd, marketing, and financial issues; but in today’s community, it is easier than it may have been before.

The first step to becoming an entrepreneur is to make sure you’re financially stable. This goes first because this can be the main kick to launching your brand and starting off. Why is it important? It is important because you have to have money to make money, meaning you have to be able to have enough money to open the business. For example, as an entrepreneur, I had to make sure I had enough money to buy products, paper, great materials, clothing etc.

The second step that I suggest to becoming an entrepreneur is to trademark your business name before moving forward to letting the world know your business name. What is trademarking, You may ask, Trademarking is something that establishes a process for registering your business name to have the protection of your business across the world. Why is this important? This is important because it helps keep your business up and running under the same name you start with and it prevents people across the world from stealing/taking your name and business from you.

Step number three is Networking which is when you promote, connect with new people, travel, and use social media to extend your clientele and customer service. It is super important and creates space for you to expand. Networking is beneficial because it helps you reach a bigger crowd, and it can connect you with the right people when you put in the effort to better your business and yourself. Travelling is also important when it comes to networking because connects you with many different people in the world that can actually make help you be in a better position today than yesterday. One good simple thing can change your life forever.

The fourth step is SAVING, and I put this in all caps because this is super important to put money back into your business. Otherwise, you may have a slow and unprofitable business. For example, if a person makes at least $700 they should be putting $200-$300 in their savings to stack up the money that needs to be put back into the business. Saving is very beneficial because it provides for the things you need in the future. Savings are not supposed to be touched unless it is NEEDED, not WANTED. Also, another way to help is to have a business account and personal account to separate funds and for you to not spend business money on yourself.

Step five: – Last but not least, when you are starting a business, you should sit back and think about your plan and make sure you’re mentally, physically and emotionally ready for the bumpy roads and emotional roller coasters. Running a business can be easy but has its pros and cons–, it’s not always rainbows and butterflies, but it’s also a lifestyle that can push you to be your best harder even when times get rough. WORK HARD FOR WHAT YOU WANT.

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