Serious Entrepreneurship Or Just Part Time Income?
Meeting entrepreneurs and listening to their plans is something I love to do. I've met lot of wannabe entrepreneurs in recent times who wanted some advise on how to get started.
When I listened to their plans, all they were interested in generating some income - part time; while keeping their day jobs. While I am a big advocate of starting out part time before taking the plunge; one needs to have an idea about how to grow a venture and then make it a full time job.
The entrepreneurs I've met thought "If I do this, it will generate me quite a good amount of income". Then I ask them, "How do you plan to turn this into your business?" and they go silent.
I believe every wannabe entrepreneur should think about the scope of your venture and evaluate the potential. If you are just thinking about earning some more income by working in your part time; I'd personally not call it a business.
So if you are evaluating few ideas; do ask this question to yourself, "Am I really trying to become an entrepreneur or just looking for some side income?"
When I listened to their plans, all they were interested in generating some income - part time; while keeping their day jobs. While I am a big advocate of starting out part time before taking the plunge; one needs to have an idea about how to grow a venture and then make it a full time job.
The entrepreneurs I've met thought "If I do this, it will generate me quite a good amount of income". Then I ask them, "How do you plan to turn this into your business?" and they go silent.
I believe every wannabe entrepreneur should think about the scope of your venture and evaluate the potential. If you are just thinking about earning some more income by working in your part time; I'd personally not call it a business.
So if you are evaluating few ideas; do ask this question to yourself, "Am I really trying to become an entrepreneur or just looking for some side income?"
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