2. Life experience

by Justin Rhodes

In the world of entrepreneurship it is essential to not only apply your life experience to your business, but also to gain an understanding of how to network and create a support group for your ideas. You must begin your journey with a solid knowledge of what not to do. This is where your life experience and your network of other entrepreneurs will help you succeed. Understanding where they went wrong and fixing the problem before it blows up in your face is imperative.

I have been told that only one in every twenty ideas sees success, I don’t believe that this is a direct result of all 19 failing business being bad ideas, I think that they were just poorly supported. Maybe there was a lack in fund raising and this leaves a business high and dry in a tough situation. Or maybe there is no business plan, or a serious flaw in whatever plan the business has.

In order to thrive you must be incredibly sure that you have everything in order to accomplish all the goals that you are setting for your business. Also it never hurts to be educated in the ways of starting your own business, once again I have to stress the importance on being prepared for the business venture you are starting. Why try to reinvent the wheel when others have already traversed into the realms that you hope to end up. Find out what school and programs most efficiently supply your necessity for more information and then compare them on the parameters of time and affordability and begin educating yourself on how to be a better entrepreneur. I’ve looked at my education and an investment in myself. Remember that this level of education is not necessarily just for your resume, it should be more about preparing you for your attempts to start you own business.

I do believe that each step we have taken, or have been forced to take leads us down the path to entrepreneurship. Our life experience, including parental influences, career choices, skills, talents, passions, all contribute to our ability to be better entrepreneurs, we just have to figure out how to use those factors in order to push forward and accomplish the goals we set for ourselves.