Self-Assessment and Role Analysis In today’s society, aspiring to be an entrepreneur is the career choice many people dream to have. Many people want to become an entrepreneur to escape the typical nine to five job and open up their own business and become their own boss. Entrepreneurship can be exciting, but it can also be very intimidating and terrifying. Many people, including myself, believe that being an entrepreneur automatically means success while living a stress free lifestyle, but that isn’t always the case. Entrepreneurs undergo many challenges on a daily basis and as a student thinking about pursuing entrepreneurship as career I expect to experience many personal and external challenges.
“Choosing a great business idea [is] one …show more content…
This is probably the biggest concern for many aspiring entrepreneurs with a great business idea. How can a business flourish without financial stability? It can take a lot of money to get a business up and running so until the business starts to generate profit and can help finance itself, you will need help from an outside force. According to Bruce Hurta, author of Facing The Challenges of Financing a Small Business Startup, “If your ideas are sound, and if the business plan has enough research and facts included to make it believable, you are off to a good start,” to find an investor that believes in your idea and is willing to finance your business …show more content…
Small Business Administration reports that over 50 percent of small businesses will close within its first 5 years. Therefore, most entrepreneurs are not sitting around, soaking up the sun and relaxing. It is natural for entrepreneurs to experience periods of high stress while trying to figure out how to get enough clients, what rates to charge, how to market your product and do all of the things your previous employer once handled for you.” (Three Common Challenges Entrepreneurs Face)
Stress is a challenge that I know I will have to know how to cope with while taking up a career in entrepreneurship. I’m sure many entrepreneurs have faced the challenge of not having a business plan work out the right way the first time therefore, having to start from all over from the beginning. No one likes to hear that their idea that they’ve worked so hard on get denied. You may get a lot of “no’s” and negativity but to be successful you need to push through and let the negativity be your motivation to keep moving forward. A lot of times people can get discouraged after an idea doesn’t work out as planned, but the challenge is learning to look past the negativity and pushing through the roadblocks while staying committed to your
“Choosing a great business idea [is] one …show more content…
This is probably the biggest concern for many aspiring entrepreneurs with a great business idea. How can a business flourish without financial stability? It can take a lot of money to get a business up and running so until the business starts to generate profit and can help finance itself, you will need help from an outside force. According to Bruce Hurta, author of Facing The Challenges of Financing a Small Business Startup, “If your ideas are sound, and if the business plan has enough research and facts included to make it believable, you are off to a good start,” to find an investor that believes in your idea and is willing to finance your business …show more content…
Small Business Administration reports that over 50 percent of small businesses will close within its first 5 years. Therefore, most entrepreneurs are not sitting around, soaking up the sun and relaxing. It is natural for entrepreneurs to experience periods of high stress while trying to figure out how to get enough clients, what rates to charge, how to market your product and do all of the things your previous employer once handled for you.” (Three Common Challenges Entrepreneurs Face)
Stress is a challenge that I know I will have to know how to cope with while taking up a career in entrepreneurship. I’m sure many entrepreneurs have faced the challenge of not having a business plan work out the right way the first time therefore, having to start from all over from the beginning. No one likes to hear that their idea that they’ve worked so hard on get denied. You may get a lot of “no’s” and negativity but to be successful you need to push through and let the negativity be your motivation to keep moving forward. A lot of times people can get discouraged after an idea doesn’t work out as planned, but the challenge is learning to look past the negativity and pushing through the roadblocks while staying committed to your