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In Pursuit Of Entrepreneurship

Updated on February 22, 2016


A quick reference to Webster’s Dictionary tell us that an entrepreneur is a person who is willing to organize, operate, and assume the risk in a business venture in expectation of gaining a profit.

Just about everyone is familiar with the concept of a 7 year old in a neighborhood cul de sac with a table, a sign and container full of lemonade looking to make a few dollars.

In the most uncomplicated of ways this reflects the seeds of entrepreneurship.

The same can be said of the enthusiastic smile of the 5th grade Girl Scout who knocks on your door to secure an order of delicious famous thin mint cookies?

All entrepreneurs must move against the status quo in order to see a dream or goal become a reality. In many ways entrepreneurship is like art when it comes to business.

The inspiration to begin and succeed is often as fluid and flexible as the imagination of the children above.

However the stakes are much more menacing when it comes to such pursuits as an adult. This may explain why many never get started. The fear of failure and the uncertainty of risk outside of a steady paycheck can often cause the dream of entrepreneurship to go unrealized.

Realizing the Dream

As a result of modern technology and the Internet there are a variety of businesses that can be undertaken by the aspiring entrepreneur.

Let’s take a look at a possible low risk option of entrepreneurship models that can be started on a part-time basis while maintaining a full time job.

The great thing about these choices is they can both be highly leveraged through technology. This helps to minimize one of biggest hurdles to the business start-up, the ability to locate and engage prospective customers on a limited budget and to build a sustainable long term cash flow.

Of course without a product, service or idea of some kind to sell to a customer we are not in business.

Become a Freelancer

If you have a passion and expertise in a particular field you can offer the knowledge of that as an independent freelance contractor.

Don’t let the thought of “being an expert” dissuade this option. As long as you are enthusiastic and competent you’ll find others who will give you an opportunity to do something they can’t or prefer not to do themselves.

You’ll be amazed at the range of basic to more complex things that others will purchase from you in the Freelance business model.

Everything from the world of web design and graphic arts to computer programing, copywriting, editing, proofreading, music recording, video production and many other knowledge based skill sets can be offered virtually.

Then there are physical brick and mortar freelance endeavors such as a wedding planner, student tutor, or personal assistant to shop, prepare meals, and clean, or hundreds of other practical things you can offer as a freelance contractor.

Again, it will only be your creativity that limits the potential of offerings. Along the same lines are opportunities where the marketplace itself helps to guide the direction of your business.

Become a Consultant

Similar in nature is the opportunity of offering consulting services to help improve or enhance other existing businesses.

Instead of preforming specific activities or tasks as the basis for the business you are providing advice, coaching and recommendations based on your experience and specialized knowledge.

A consultant much like a freelancer positions themselves as a solution provider on a performance pay basis.

In other words, revenue and compensation is based on the results you deliver within specified parameters which are set by your customer or client.

As a consultant your key asset is your ability to analyze and make recommendations of ideas that will solve problems and bring net results to the bottom line.

Whether we consider freelancing, consulting or any other knowledge based business the key is to utilize the expertise, experience and skill sets we have acquired during our lifetime.

Therefore everyone has something that can be packaged, marketed and contracted as a business service to someone somewhere! Translation - Yes You Can!

Take a Step

We can start as a pure independent contractor or choose to work through sourcing websites like elance.com or freelancer.com

These communities bring customers and providers together, as well as offer training, best practices, industry insights.

Reach out for help, take little steps, don’t be afraid that you can’t try unless you know and understand everything.

Remember it’s all about being willing to take a calculated risk, step out and take action in order to become an Entrepreneur.

StayPos!


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    • StayPos profile imageAUTHOR

      StayPos 

      7 years ago from Florida, USA

      Lady_E,

      Thanks for dropping in from across the Atlantic; it’s always a pleasure :-)

      In the midst of all the sobering economic news for the United States, UK and Europe we need a resurgence of individuals pursuing entrepreneurship!

      While it may be difficult to duplicate the business success of Donald Trump and Lord Alan Sugar there is plenty of room to build our own thriving enterprises!

      We may even inspire others to do what we do, just like the Apprentice :-)

      Cheers!

    • StayPos profile imageAUTHOR

      StayPos 

      7 years ago from Florida, USA

      Business Time,

      Glad you were inspired :-) I’m sure there’s a canvas of some kind for all who dare paint their expression of business! We don’t have to conquer the world, let’s just do a little something every day toward the goal. Thanks for stopping and adding to the conversation!

      All the Best

    • StayPos profile imageAUTHOR

      StayPos 

      7 years ago from Florida, USA

      Dexter,

      Thanks for the kind compliment and vote of support :-)

      I must say I enjoy the privilege of inspiring others to break out of their comfort zones and go for their dreams!

      Entrepreneurship is just one of those ways! It seems to be resonating with people so I plan on expanding further in upcoming hubs :-) Stay tuned!

    • Lady_E profile image

      Elena 

      7 years ago from London, UK

      This is full of motivation. I like it. I wonder if people like Donald Trump have little programmes to help young/new peeps starting out in Business.

      In UK, we have some one called "Lord Alan Sugar". His equivalent in America is definitely Donald Trump...

      Both have done the TV program "The Apprentice".

      Thanks. :)

    • BusinessTime profile image

      Sarah Kolb-Williams 

      7 years ago from Twin Cities

      This is a great hub! I love the notion of entrepreneurship being like art. Some people have the touch, some people crumble under the pressure -- but anyone can find support to help supplement their weaker areas and follow their dreams. Thanks for the inspiration!

    • Dexter Yarbrough profile image

      Dexter Yarbrough 

      7 years ago from United States

      StayPos! You never cease to amaze me with your intellectual skill and willingness to share information with others. I look forward to reading your hubs.

      This hub provides the necessary sound advice, tips and inspiration for those that have a desire to jump into the entrepreneurial pool. Thanks for nudging many of us along in a positive way!

    • StayPos profile imageAUTHOR

      StayPos 

      7 years ago from Florida, USA

      Paradise7,

      Glad you enjoyed :-) Thanks for your comments. It's definitely the time to stay positive, be creative and take focused action toward our dreams and goals of self employment and entrepreneurship!

      All the Best

    • Paradise7 profile image

      Paradise7 

      7 years ago from Upstate New York

      Great hub, Stay Pos. We need to think what we have to offer and look outside typical employment situations in this economy. Lots of times people end up better off going on their own.

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