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5 Ways to Think Like an Entrepreneur in Your Career
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Entrepreneurial zeal
A little entrepreneurial zeal can give you a distinct advantage in your professional life, whether or not you think you’d ever strike out on our own.
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How to train your corporate mind
- Get Passionate. This is the key to career success and fulfillment in any field.
- Be Bothered by Inefficiency. Consider whether there are places you could implement solutions (or at least recommend improvements).
- Take on More Risk. “More risk, more reward.” At work, start small by pitching new ideas or volunteering to take on a challenge or two that’s outside of your comfort zone.
- Brainstorm More. Constant innovation is crucial to a business’ long-term success. Schedule some time each week to really brainstorm about something that’s been on your mind. See what you come up with.
- Don’t Limit Your Dreams. Many people are conditioned to be realistic and practical. Rather dream big for your career.
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The entrepreneurial spirit
The entrepreneurial spirit is one of those characteristics in work and life that you can't teach - they form from within and over time, they become part of who we are.
Indicators of an entrepreneurial spirit
- In-tune with your own passion. When people are genuinely passionate about the problems that your company is trying to solve, they will be energized by any challenge that stands in their way.
- Always questioning how it can be done better. The average person rarely considers how ordinary things can be made better or improved--those with the entrepreneurial spirit can't help themselves.
- Optimistic about all possibilities. They don't spend time thinking about what they can't do, but instead ask themselves, "Why can't I?"
- Taking calculated risks. They make calculated moves while understanding that there are never any guarantees of success.
- Above all, execution. They realize that execution is everything when it comes down to success or failure.
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Where to live
As a freelancer today, you can work from anywhere.
New freelancers like to live in a city where it's easier to network or source new clients. They might like to choose somewhere where their mone...
Personal or Business Banking
Profits from your freelancing career can't simply be added into your personal bank account for the following reasons:
- Mixing personal and business finances can lead to an impossible task at tax season.
- You can be personally liable for lawsuits against your business.
- You'll fail to build business credit.
When you go freelance, open up a business checking account and get a business credit card.
Accounting help
Keeping track of contracts, invoices, overdue payments, and tax can become a burden.
There are several low-cost and free accounting and business management software options to help you stay on top of your finances. During tax season, it may be useful to make use of a professional accountant.
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Mentally Prepare
Think if you are willing to sacrifice your free time to struggle to establish a side hustle and if you can handle the consequences of it.
If you are willing, develop a system of ...
Your Skills And Areas Of Interest
Acquire relevant skills, experience or industry knowledge necessary and ensure you have the passion and competence for what you are going to work on.
A good start is to monetize the skills you already have that are related to the side hustle you want to establish this. And if you lack key skills that relate to your interests or the side hustle you want to create, there's no better time than the present to learn them.
Validate Your Side Hustle
Your side hustle idea may seem awesome and disruptive to you, but your potential customers will likely ignore it like most “brilliant ideas” or even not have a need for it. So, ensure you're not creating a solution to a problem that doesn't exist, as this is one of the top causes of startup failures.
You can do that with objective feedback from potential customers and asking them to join a waiting list, pre-purchase your solution or hire you as a service provider.