Community//

What Must An Entrepreneur Assume When Starting A Business

An entrepreneur decides to strike out on their own to earn a living rather than being an employee for an employer.

The Thrive Global Community welcomes voices from many spheres on our open platform. We publish pieces as written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Community stories are not commissioned by our editorial team and must meet our guidelines prior to being published.
What Must An Entrepreneur Assume When Starting A Business

An entrepreneur decides to strike out on their own to earn a living rather than being an employee for an employer. Entrepreneurs can be independent contractors, or they can run their own business. If you decide to be an entrepreneur, there are a few things you must truly internalize if you wish to be successful.

There Is A Market
The beliefs that we hold about our businesses impact their performance far more than we would like to admit. While there are always reasons to make you doubt about your future success, the most successful entrepreneurs push these from their minds. They understand that by focusing on what they have under their control and ignoring everything else, they will be able to run their business the most efficiently.

Confidence In Your Ability To Fuel Future Growth
Even if you have never run a business before, you must believe you are capable of it. If you go into opening up your own business with doubts about whether you can handle it, you are setting yourself up for failure. While believing in your ability to succeed is not enough to guarantee that you will be successful, a lack of this belief is a guarantee of failure.

Belief In Your Team
It is not enough to simply have confidence in your self as an entrepreneur. There is not a single entrepreneur on this planet you got where they are today without the help from someone else at some point. Even businesses that seem to be run entirely by one person often have much more support behind-the-scenes than you realize.

If you are unable to have faith in your team, you will not be able to run a business successfully. The best entrepreneurs can select high-quality individuals who have the talent they know will do a good job when they are there.

Read Starting A Business: Complete Guide And Business Principles

    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    Community//

    Mandy Gilbert of Creative Niche: “Women make incredible leaders”

    by Ben Ari
    Community//

    Series — Episode 4 How to grow as an entrepreneur. Interview with Lynda Spiegel

    by Fatima Williams
    Community//

    Rod Robertson of Briggs Capital: “Understand your financials”

    by Ben Ari

    Sign up for the Thrive Global newsletter

    Will be used in accordance with our privacy policy.

    Thrive Global
    People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

    - MARCUS AURELIUS

    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.