The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • Financial and Investment Calculators and Economic Data

A Beginner’s Guide to Entrepreneurship

  • January 18, 2022
  • 1.5K views
  • 5 minute read
  • Rene
a man looking at his laptop and smiles
Share
Tweet
Share

It’s safe to say that 2021 changed the way we think about work. Before the pandemic hit, working in the office was the norm for most people. And while things have de-escalated enough to where working in-office is doable, many people have shifted to remote work.

In fact, remote work has been more prevalent than it’s ever been. One such job that’s become a common remote position is being an entrepreneur.

Over the last two years, so many people have opened their own successful online shops. Perhaps you’re looking to do the same, and even have a killer idea on top of it. But you’re not sure about how to go about things or if it’s the right job for you.

Here’s your guide to entrepreneurship that goes over the pros and cons of the job and the best sectors for beginners.

The Job is Incredibly Flexible

One of the most prominent pros with remote work is how flexible it is. In fact, it’s this type of freedom that’s drawn so many people to the world of remote work. As an entrepreneur, you’re in charge of everything involved.

You choose when and where to work, what you want to sell, and how you plan to distribute it. You also have free reign of advertising and the use of social media. You’re not limited to whatever a company deems necessary.

It’s Not Easy at First

Where there are pros, there are cons and being an entrepreneur is no exception. The first con of being an entrepreneur is that it’s not going to be easy at first. Unfortunately, you’re going to have a hard time when opening your first store.

No one ever opens a business and magically sees an enormous profit overnight. The only way to see a profit is to put in the effort to get noticed. In some cases, some entrepreneurs-to-be can have trouble financing their startup.

This is actually a common challenge people face because despite the ease of access, opening a business can cost a lot of money. Advertising, the equipment, purchasing a domain, and even hiring outside help costs money.

If you’re someone on a fixed budget, opening a business seems like the last thing you should do. However, there’s more than one way to finance a business. Because of the costs, many people prefer taking out a personal loan from a private lender.

Since a personal loan gives you plenty of freedom, you can use it to fund the startup costs and cover the cost of necessary equipment. If you plan on opening a brick-and-mortar location, you may also use the loan to rent an office space.

Although a personal loan can make this project more manageable, you still have to apply and meet the requirements. You must have a decent credit score. Before applying, you can download a free copy of your credit report to see if there are any discrepancies.

Discrepancies are errors on a credit report that can prevent you from being approved for a personal loan. This can include a misspelled name, an incorrect phone number, and even previously closed accounts. Be sure to read over your report at least twice, so you’re assured there’s nothing stopping you from getting the funds you need.

You Can Make a Lot of Money

Another obvious pro is that being a successful entrepreneur comes with considerable profits. Rather than build the success of another business and letting money flow into their pockets, it’s you who reaps the benefits.

All that success will be because of you and your hard work. The best part is the money will go directly into your bank account. For those with hopes of retiring early in life, entrepreneurship can often facilitate that goal more so than a traditional job working for a corporate.

Sectors For Beginners

Now that you have an idea of what’s in store for being an entrepreneur, let’s get into the various sectors that are lucrative and beginner-friendly. These days, you can make a business out of almost anything you set your mind to. The problem that some people can run into is being unsure of which one they should dedicate to. Below are a few sectors that are perfect for beginners.

Technology

Technology is a sector that has exploded in the past few years. That’s because everything is becoming digital, so there’s always going to be a need for tech-savvy people. Web designers, graphic designers, social media managers, and ad managers are all things other business owners will need. You could even look into selling SaaS, like Dropbox and Google Workspace.

Subscriptions

Do you know how people pay for subscriptions, like Netflix, Loot Crates, and Blue Apron? Subscription-based services are another thing that’s seen an increase in popularity. Set up how you wish to distribute your memberships and advertise on social media platforms such as TikTok. Social media is the best way to reach your target audience in the shortest amount of time.

Food Industry

If there’s one sector that will always see business, it’s definitely the food industry. Whether you’re delivering to stores, delivering fast food to customers like DoorDash, or opening your own gourmet market, you’re bound to see success in some form.

Today’s society is all about two things: ease of access and convenience. It’s why companies such as UberEats have seen so much success over the years. Keep in mind with the food industry you also have an opportunity to put yourself into a specific niche if you wish to do so.

People that are dedicated to specific diets, or have medical reasons to follow certain food rules, will certainly buy into companies that make managing their special needs as convenient as possible.

Other Tips You Should Know About

There’s more to being an entrepreneur than meets the eye. Not only does the position require dedication and proper time management skills, but you also need to know how to be resourceful and learn from your failures.

Compromising is also a necessary thing to learn because not everything is going to coincide with your values or work out exactly as you want it. Sometimes, you just have to go with the flow, and that’s perfectly fine. It’s a great way for you to build more on your brand’s identity.

____________________________________________________

Some other articles you might find of interest:

Understand how you can maximize your time to grow your business:

Time Is Money And Your Most Valuable Resource. Use it Wisely to Build Your Business

Looking for effective ways to drive and increase traffic to your startup website?

SEO Traffic Guide To Boost Your Blog Rankings

Looking for effective ways to drive and increase traffic to your startup website?

3 Top Reasons Why Startups Fail and How Not to Become a Victim

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • Commission-Free Brokers in the UK: A Beginner's Guide
  • A Beginner's Guide to Building a Personal Brand
  • A Beginner’s Guide to a Successful Career in Real Estate
  • Absolute Beginner's Guide To SEO - Optimization Made Simple
  • SEMrush Review - More Than Just a Search Tool. The Beginner's Guide
  • Can Entrepreneurship Be Taught?
Share
Tweet
Share
Rene

Previous Article
a woman in front of her laptop wearing a headset
  • Marketing

A Few Tips to Create Social Media Content for Your Brand

  • January 17, 2022
  • Rene
View Post
Next Article
a black man working in the office
  • Entrepreneur Interviews

Black Businessmen and Women Who Were the First in Their Industries

  • January 18, 2022
  • Rene
View Post
You May Also Like
calculator and receipts
View Post
  • Financial and Investment Calculators and Economic Data

A Guide to Managing Business Taxes

  • January 29, 2023
  • Meg Rivera
Real Estate
View Post
  • Financial and Investment Calculators and Economic Data

Uncover The Benefits Of Using Real Estate Expert Witnesses

  • January 26, 2023
  • Frances
betterment-vs-wealthfront
View Post
  • Financial and Investment Calculators and Economic Data

Betterment vs Wealthfront: Which Is Best For You And How Do They Differ?

  • November 16, 2022
  • Frances
Discretionary Income
View Post
  • Financial and Investment Calculators and Economic Data

How To Calculate Your Discretionary Income And What It Is

  • November 4, 2022
  • Frances
Forex
View Post
  • Financial and Investment Calculators and Economic Data

Discover Technical Analysis And Chart Trends In Forex

  • October 27, 2022
  • Frances
revenue
View Post
  • Financial and Investment Calculators and Economic Data

How To Grow Revenue Through Data Analytics

  • October 25, 2022
  • Frances
Multi-Family Real Estate
View Post
  • Financial and Investment Calculators and Economic Data

3 Reasons To Invest In Multi-Family Real Estate

  • October 25, 2022
  • Frances
typing
View Post
  • Financial and Investment Calculators and Economic Data

Top 6 Reasons Why Online Casino Businesses Are Thriving

  • October 21, 2022
  • Meg Rivera

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • Investing in Multifamily Properties 1
    How to Choose the Right Neighborhood for Your Family: A Guide to Making the Perfect Choice
    • February 7, 2023
  • Chiropractic 2
    The Ins And Outs Of Starting Your Own Chiropractic Practice
    • February 7, 2023
  • Apple Device 3
    The Impact Of New Releases On The Value Of Your Used Apple Device
    • February 6, 2023
  • Trucks in a row with containers in the parking lot. Logistic and Transport concept 4
    Make Your Commercial Fleet Fuel-Efficient With These Tips
    • February 6, 2023
  • fist bomb 5
    5 Key Elements of effective teamwork
    • February 6, 2023
Featured Posts
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • how to become wealthy
    The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2023
Categories
  • All Blogs (1,031)
  • Business (181)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (129)
  • Entrepreneur Interviews (24)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (23)
  • Finance (39)
  • Financial and Investment Calculators and Economic Data (114)
  • Fitness (5)
  • Growing Profits (71)
  • Growing Revenues (115)
  • Growing Revenues (70)
  • Marketing (132)
  • Millionaire and Business owner interviews (3)
  • Positive State of Mind (68)
  • Real Estate Investing (16)
  • Retirement (13)
  • Reviews (12)
  • Sales (15)
  • Sell Me This Pen (8)
  • Selling your Business (13)
  • Startup Ideas (13)
  • Technology (102)
  • Top Products (4)
  • Uncategorized (54)
Follow us
Author
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel extra cash Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • man looking at his tablet
      These Are The 7 Mistakes Six-Figure Earners Make
      • January 7, 2023
    • starting your own business
      6 Must-Know Tips For Starting Your Own Business
      • January 1, 2023
    • business loan application
      3 Ways to Use a Business Loan in 2023
      • December 27, 2022
    • bitcoin
      Why Invest in a Bitcoin Casino: Understanding the Crypto iGaming Business
      • December 22, 2022
    • money in grass
      Getting an Affordable Home Loan for the Eco-Home of Your Dreams
      • December 22, 2022
    • saas sales
      3 Proven Tactics to Increase B2B Wholesale Sales
      • December 22, 2022
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.