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My Thoughts On Being A Budding Entrepreneur

I have a big PASSION for tech and I love to see tech positively changing our lives. I love supporting persons doing GREAT things and especially in the region. Seems like a good way to start is by defining the term entrepreneur. Here is one definition that I found and like:

“An entrepreneur is an individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.” — Investopedia

I asked my social streams “How would you define an entrepreneur?” and got some interesting responses. Responses touched on being an innovator (new ideas for old situations), love for fixing stuff and making money from that, doing something for profit and not being afraid to fail, building economic growth and creating opportunities. A dreamer and doer. One comment hinted that the entrepreneur should stay away from the overuse of jargon and big talk. What is your definition (or one that you like) for an entrepreneur? Share with us in the comments below.

I have always had intentions of being an entrepreneur and working for myself. After twelve years of work experience and circumstances I decided to be an entrepreneur full time. I have still left myself open to full time work (and entrepreneurship on the side) because that is my plan B. Don’t want to put all my eggs in one basket so to speak.

So once I decided I was going to do this I had some things to think about as follows

  • What services am I going to offer (at least initially)?
  • What are the advertising options available to me? (classifieds, call cards, flyers, word of mouth, email, cold calls, online, radio, TV and loud speaker).
  • Create my website ( Simple because that’s my style.
  • I should be living what I am selling. In other words my own business should be using the tech. Of course my budget and resources and circumstances might be different from another business. But I need to walk the walk as much as I can talk the talk.
  • Use tech to stay organised, track performance and manage customers.
  • Do my research and seek professional advice.
  • Get training and attend events. (I see NEDCO has a timetable of different training)
  • Register my company. (The process at Registration House was uncomplicated)
  • Study the competition and marketplace.
  • Get customer feedback. (From surveys for example).
  • Look into remote work options. (Check out this group on Facebook).
  • Participate in knowledge sharing through social media, forums and groups.
  • Consider startup incubators, investor opportunities and competitions.
  • Network and make connections. You hear it a lot in Trinidad (and it probably applies to other countries), you have to “know” someone to get things done.
  • Balance my life and stay healthy. Blogging, photography, walking and music. That is how I stay sane in a world that can be cruel at times.
  • Be thankful. Remember all those who help you along the way. (Eg My relatives put up money to buy the laptop that I am using)

My advice to anyone thinking about becoming an entrepreneur is simple, JUST DO IT. Be positive. It might not be an easy road and there will be struggles. I like these words from a popular Soca song, “from you wake up this morning you is a winner.”

So let’s recap. I have introduced myself, tried to define the term entrepreneur, listed some things to consider and gave some parting advice. I am no expert and I made sure to include the word budding in the article title but I understand the power of sharing and I am sharing my thoughts with you. Now it’s your turn. Share your thoughts with us in the comments below and share this article with your circles.

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