Entrepreneur - Do I need a degree?

So you want to become an Entrepreneur? You then need some education or degree, right? WRONG! Becoming an entrepreneur require cetrain skills, but not necessaliry an college degree.

Some of the most successfull entrepreneurs today were college drop-outs or did not need their college degree. Now don't get me wrong... If you want to be an entrepreneur, don't drop out of college and think you will become a successfull entrepreneur.

This list is just an example that it can be done without a degree.

1. Michael Dell. Dell started the most profitable computer manufacturer company in the world - Dell Inc. He dropped out of college at age 19.

2. Walt Disney. Everybody knows who Walt Disney is. The Walt Disney Company has an annual revenue of $30 Billion. He dropped out of school at age 16.

3. Steve Jobs. Jobs co-founded Apple Computers - today known as Apple. He also was CEO and co-founder of Pixar before it merged with Walt Disney. Steve Jobs dropped out of college in his first year.

4. Bill Gates. Gates is the founder of the largest software company in the world, Microsoft Corporation. He was ranked the world richest person form 1995 - 2006. Bill Gates dropped out of college to start his business.

5. Richard Branson. Branson is today the ower of Virgin Megastore and Virgin Atlantic Airway. That is just two of the 360 companies under the Virgin Brand. Richard Branson dropped out at the age of 16 and started his first successful business venture, Student Magazine.

These guys made it without degrees and higher education in their field. On the other hand, having a degree can always be there for a backup, so don't just drop-out and think it will turn you into a Bill Gates!

Am I an Entrepreneur

Now the next thing that you need to ask yourself - "am I an entrepreneur"? I have found these questions and decided to post them on Entrepreneur Tips and Ticks. If you can answer YES to all of them, go for it and become an entrepreneur.

1. Are you Passionate? You have to be pasionate in what you're doing and believe in what you're doing. If you can't be passionate, rather don't start.

2. Are you always looking for Opportunities? All entrepreneurs are always seeking opportunities. You need to see an opportunity even if it's a failure - you need to see the positive in it.

3. Do you believe in yourself? You need to always believe that "I can do that better". Always be able to see an idea, that in your eyes, will make the situation better.

4. Do you live your work? You are an entrepreneur because you believe in something more than a 9-to-5 job. You see the opportunity to collect more then just a paycheck. You must be able to eat, sleep and live your work.

5. Do you dream ahead? You must be a big-thinker but must also be able to focus on detail. It's all about working constantly to achieving success and by accomplishing the little things makes the ball move forward... to the bigger plan.

6. Are you an ego-maniac? You've got a healthy ego. Ego is important because it will help you take risks to make the plan succeed. You believe strongly in your own abilities.

7. Can you say, "I don't know, but I'll figure it out"? Don't fake it - too many people duck and dive their way through answers they don't know. You can't know it all, but you must be willing to learn, move quickly and get the answers.

8. Are you a strategist? You shouldn't be thinking about tomorrow. Think much further ahead. Use your abillity to dream together with your strategies.

9. Are you a builder? You must be able to create things. Recognition, praise and awards are not important. What's important is that you need to care about what you are doing and building and you must enjoy it and benefit from it.

10. Are you in control? You need to be in control of the situations you get yourself in. You watch the world spin around and want to harness that more. You want to bear the torch!

So by asking yourself these questions.... do you think you are an entrepreneur?
YES? then get working... time is running out!

Mindset of the Entrepreneur

We all know that starting your own business is not easy. It requires extensive research and analysis of many factors. But most of all we need to get the mindset right.

Wanting to be an entrepreneur is one thing; being one is quite another. You will have responsibilities and commitments far different than the average employee. It's will be a challenge that can be very rewarding, that is if you are mentally and emotionally prepared for it.

Are you a Self-Starter?
Nothing in business happens by itself. As the owner, you will be responsible for everything from establishing your firm’s vision to setting the daily work schedule.

Are you a Positive Thinker?
The moment you become a business owner, you represent yourself, your business and your expectations for success. What you say and do must convey confidence and commitment to moving forward. Employees who sense these qualities will share that determination to succeed, even under difficult circumstances. If you work alone, there will be days when you have to be your own cheerleader.

Are You Disciplined?
Your days of the “9-to-5 routine” are over. Running a small business requires a continuous commitment to quality and detail. You cannot afford to cut corners, miss deadlines or make promises beyond your capabilities. If you plan to run the business from home, you must be able to resist temptations and distractions in order to get your work done.

Can You be Objective?
Your ideas and practices may seem “bulletproof,” but reality may be far different. Is there really a need for a particular product or service in your area? Are the hours of operation fair to your employees? Is renting equipment better than owning it? A good business owner knows how to examine an issue from many perspectives and understand that strengths and limitations of each.

Looking at these questions, you should know if you are able to do the job. Keeping the mind focused and ready for action is of very importance.

I have once heard someone say - "Working for yourself will be one of the loneliest things you will ever do" - SO KEEP THE MINDSET FOCUSED!

Being an Entrepreneur

The word Entrepreneur (according the dictionary) means "a person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk."

Now looking at the description the words that catch me the most are "Initiative" and "Risk".

Being an entrepreneur is not always as easy as it sounds. Normally when I reveal that I'm working for myself the first respose that I get is - "so you can sleep late and play golf every second day". Yeah right, come have a piece of my day. I hardly get time to play golf. I work longer hours then normal 9-to-5-ers and the amount of stress is just incredible.

If you asked me I would say that the most unsatisfied boss in the world is being your own boss. There is just always something to do... and ofcourse, if I don't do it myself, who else will.

The stress that is related to beeing a entrepreneur has also got nothing to do with workload. It's all the other stuff that comes with the job. Stuff like, paying the bills, collecting money from your clients and always to be ontop of your game.

What about motivation? To keep yourself motivated is another trick. You need to have the drive to do all the work and also enjoying it - otherwise you can just as well sleep late.

Have a look at this article - It pretty much says it all...

The Realities of being an Entrepreneur.