5 Points To Ponder If You Want To Be An Entrepreneur


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Jack Perkowski is a Wall Street veteran and founder and Managing Director of JFP Holdings, a Merchant Bank in China. Jack in Forbes, May 10th, wrote an article on So, You Want To Be An Entrepreneur.

My Street
Creative Commons License photo credit: dweekly

He highlights five points to pay attention to:

1. Think very carefully about whether you really want to be an entrepreneur in the first place. No matter how great your idea might seem to be, it will take an enormous amount of work and persistence to make it a success.

2. You need to realize that being an entrepreneur and working for yourself is addictive. Once you go down that path, it’s difficult to get back into the mainstream job market.

3. Before taking the entrepreneurial route, you must also do a careful assessment of your strengths and weaknesses.

4. If you believe you have what it takes and are still determined to go ahead, you will need a good idea or concept for your business—ideally, something that is unique and different—and then you will need to develop a well thought out strategy.

5. If at all possible, develop a strategy that doesn’t require a great deal of capital upfront. Once you take even one dollar from an investor, you have a boss, so never take the step of bringing in investors lightly.

For the rest of the article please read So, You Want To Be An Entrepreneur

Republished with author's permission from original post.

Jim Smith
YCHANGE International
Jim Smith mentors entrepreneurial start-ups and counsels small to mid sized companies that are looking to expand or are under performing or under capitalized.


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