• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Personal Growth

5 Checks To Make To Ensure You Are On The Path to Becoming an Entrepreneur

Becoming an entrepreneur has never been more ‘a la mode’ as it is right now and given that it is easier than ever to set up a business, it can be a competitive world to enter into. Misha Kaura didn’t necessarily have dreams of becoming an entrepreneur when she was younger but she did want to launch her own textiles business and find success, which she most certainly has done. In the process Misha has indeed become an entrepreneur in her own right and for that reason we caught up with her to find out how to check whether or not you are on the right path to become an entrepreneur, let’s take a look.

You Understand the Core Principles of Business

The foundation of any entrepreneur is that they understand what the core principles of business are. They understand the importance of sales and how to drive them, they know what key aspects a business must have in place in order to achieve any form of success and they understand the value of a solid business model and how to implement it.

You Can Build a Team

As much as many of them like to let us believe they are doing it all alone, an entrepreneur is nothing without the team that they have built around them. Building a team is about understanding each role within the team dynamic and putting characters together who can work in perfect synergy with one another. You can measure a great entrepreneur by the quality of their team, and this is why you need to know that you can build one successfully.

You Understand the Market

An entrepreneur has to have a perfectly good understanding of the market that they are either working in or looking to work in. This involves impacts which can change the market, customer trends, competition and where the business will fit into that particular marketplace.

Grasp of What to Outsource

Very few businesses can survive, or indeed thrive, without outsourcing different areas of the company and a great entrepreneur understands which areas matter most in this regard. Whether it is accounting, marketing, financial advice or logistics, a great leader knows how each of these can help their business and increase quality and service.

Understanding of Customers

It doesn’t matter which industry you are working in, and entrepreneur worth their salt must have a deep understanding of what people want. They should understand exactly what their customers are looking for in a product or a service, and a business in general. This understanding of the customer is going to be essential in any business and it is the number one reason why so many fail, because they forget that this is all about the customer.

When you perform self analysis, these are 5 key points which you need to review, to ensure that you are indeed on the right path to becoming an entrepreneur.

 


« How Much You Can Save by Getting Mobile Phone Deals
Ways They Can Improve Your Online Reputation »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 946751505146707968Like on Twitter 9467515051467079681Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475454Like on Twitter 912457252057034754319Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

8 Reasons Why Everyone Shouldn’t Like You

How to Organize a Successful Workshop for Your Employees

Why Read Red Rock Secured Reviews When Creating Your Retirement Plan

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in