College 101: Tips for Becoming an Entrepreneur – The Daily Cardinal

MKT Plan

Entrepreneurs are business leaders. Being an entrepreneur means investing time, energy and money into new businesses. You will have an opportunity to be your own boss, implement your own ideas and benefit financially from your success. Self-made millionaires account for 88% of all millionaires in the United States.

It can take entrepreneurs many years to achieve success. Over 600,000 small businesses are launched every year, but a comparable number of businesses shut down. In order to set yourself up for success as an entrepreneur, there are some important tips you can implement.

Preparation Is Key

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Before you can effectively start a business, you must research that industry. You may discover that several other companies have already implemented your idea. You may also notice gaps in service that you could focus on. You may be able to secure loans or investments on the strength of your business plan. Great business