Let’s delve into the various ways you can work towards being triumphant in the business world.
An entrepreneur is defined as ‘a person who attempts to make a profit by starting a company or by operating alone in the business world, especially when it involves taking risks’.
Now that we know what an entrepreneur is, how does a person become one and what separates an entrepreneur from your everyday business owner?
If you’re an entrepreneur you will..
Consider challenges as growth opportunities
Not everyone is going to agree with or see the vision you have for your business. You’re more than likely going to face some challenges, whether they be to do with finances, making a name for yourself in the market or employing and retaining staff.
Luckily, there are Registered Training Organisations like the ABS Institute that can assist you with issues like your finances by providing income support for a particular period of time while you are focusing on getting your business off the ground.
To be eligible for Self-Employment allowance you must be receiving an eligible Centrelink benefit i.e. Jobseeker payment. If you are unsure if you will be eligible please contact us to discuss.
Be willing to continually learn and get your hands dirty
One of the most fundamental business skills or traits that aspiring entrepreneurs must possess is the desire to consistently learn and to not be afraid of doing the jobs that no one else wants to do. No task should be considered ‘too small’ or ‘insignificant’.
The world is constantly changing and business owners need to have their finger on the pulse for their company to survive. One of the tools that entrepreneurs need to be well-versed in is social media.
Through Self-Employment Assistance ABS Institute can provide accredited small business training that covers subjects such as marketing, accounting, and legal obligations to keep business owners on top of the trends, which truly takes them from being business owners to entrepreneurs.
Have a strategic and sales-driven mindset
Some business owners tend to be more focused on the day-to-day operations, whereas entrepreneurs also consider what will make them money in the long run. This way of thinking also commonly involves taking marketing and sales into account.
Ideally, entrepreneurs need to wear many hats, including those of a salesman and a strategist. It is essential to have these practical skills in business and always be searching for opportunities to grow your company.
ABS also offers Business Advice Sessions if you have trouble shifting your line of thinking from short-term to long-term, as well as being able to help you improve your business’ commercial viability.
Receive mentorship from an experienced business owner
Seeking out a mentor in the form of an established and successful business owner and learning from their past mistakes is an extremely beneficial way to work towards becoming an entrepreneur.
The ABS Institute can arrange training and mentorship for business owners in the first year of operation or who are at risk of not being viable, making it that much easier for you to become the savvy entrepreneur you’ve always dreamt of being.
Are you starting up a business in Australia? We can help you unlock your entrepreneurial potential! Visit our website today to discover how you can take advantage of the ABS Institute’s flexible programs to support those looking to start a business or who are currently running a business but are struggling.
