The Two Paths to Becoming an Entrepreneur

Most people understand that there are two ways to get into business in order to become an entrepreneur. The first is the standard academic method; you apply for a school, get a degree, and learn real-world applications before you start your own business. The second method is to start from nothing and try to learn as you go. This works off the concept of failing faster; an idea that the faster you make mistakes, the faster you learn how to overcome them.

 

There are some critical differences between both of these paths, and we’re going to break them down in order to give you some idea of how they’ll ultimately affect your path in life.

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The pros of studying

 

Firstly, there are thousands of degree choices that relate to business. For instance, a business management online degree program is easy to find and there are several advantages over visiting a traditional school. It’s cheaper, can be done from the comfort of your own home, and you can still receive financial aid to pay for it. The only drawback is that there are still some requirements. For example, if you skipped high school then you might be required to revisit your past studies or take a foundation course to brush up on your skills.

 

Studying also prepares you for a lot of potential issues in the future. You’ll learn all about failures that real entrepreneurs have made and how they overcame those issues, and you’ll also have plenty of real-world experience to practice with before investing in your own business. Studying also enables you to network with figureheads in the industry. Since you’ll be in a class with others, you’ll also have colleagues (or potential rivals) to start businesses with as partners.

 

The cons of studying

 

One of the major drawbacks is the cost. Studying is expensive and unless you’re able to secure financial aid or have a lot of savings, expect to save up a lot of money or even work while you study to obtain your degree.

 

Business is also an ever-changing landscape; you can’t conquer it with a textbook that’s a decade old and you can’t plan for future situations that you don’t know. Business is all about reacting to trends and understanding how the market flows, which is why it’s important to get real-world experience. Although most degrees offer some kind of experience and real-world practice, it’s ultimately still going to be different from starting up your own business.

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The pros of starting early

 

As mentioned before, the idea of failing faster is one that you can apply to starting up a business without study. As long as you keep a diary or a log of your failures and study them, you can avoid them in the future and create a business off the back of your experiences. This does mean you’ll be spending a little more money on starting up a business and investing into it, but it’s still far cheaper than paying for an education.

 

Starting a business also means you can play with different ideas and react to market trends. If you see an opportunity while you’re studying, it’ll be difficult to invest in starting up a business to take advantage of it. However, if you’re just waiting for an opportunity, then it’s much easier to react if you aren’t already invested in something. Starting a business early also allows you more freedom to do what you want and network with people who are relevant to your industry. Because of this, you can pursue a career in an industry you personally enjoy instead of being funneled into something you’ve learned during your study.

 

The cons of starting early

 

Simply put, you still need to study but it’s going to be unguided study. You’ll have to look around on websites and read articles and blog posts to get your bearings, and there’s no telling what kind of outdated information is out there. Due to this, it’s hard to actually get started and you’ll also need some funds to start up a company and invest in things like equipment, employees or even just a website.

 

Without proper guidance, it can be difficult to learn from your mistakes as well. You might realize that you’re not getting enough customers, but do you know why? Probably not. It takes a lot of experience and some analytical skill in order to examine the problems in your business, so make sure you’re prepared to fail and make sure you’re ready to study in your own time.

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Workplace Safety 101

Depending on your job you might face certain dangers at work. Obviously, some jobs are going to be a lot safer than others but you are bound to face some hazards wherever you are. Whether you are in the office all day or you’re out and about on a construction site you need to be careful to ensure that you don’t injure yourself. Having an injury at work can cause all sorts of problems for you and your employer so it’s best to do anything in your power to avoid it. Here are a few simple tips to make sure your work day isn’t dangerous.

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Know The Dangers Of Your Workplace

 

Every workplace is going to have its own hazards so you need to make sure that you are aware of what they all are. There will be plenty of obvious ones, for example, if you’re working on a construction site then there are plenty of heavy objects around that could fall on you, and you’ll be working at height quite often. However, there will also be plenty of less obvious ones, like faulty electrical equipment, or repetitive strain injury in an office. You’ll have to be thorough in your examination of workplace dangers to make sure that you don’t miss anything. Once you’ve identified all of the problems then you can start making arrangements to combat them.

 

Wear Proper Clothing

 

This one isn’t applicable in some situations, but a lot of jobs require you to wear safety clothing. I know it might feel like health and safety regulations are getting a bit out of hand, but protective clothing exists for a reason. Visit sites like https://steelblue.com//au/en/boots-and-accessories/boot-catalogue/?typ=9033 to make sure that you get good quality protective boots if you are doing anything that involves heavy lifting. If you are working at heights, or in the dark, you need to be wearing hi-vis clothing so that you are visible.

 

Stress

 

When people think about workplace dangers, they usually focus on physical injuries. While this is important, there are other workplace issues. You should also take mental injuries into consideration as well. The level of stress that we are under at work seems to be getting bigger every day. If left untreated, high levels of stress can lead to more serious problems like anxiety and depression disorders. Don’t fall into the trap of accepting stress as just being part of your job. It doesn’t have to be. Some of the most common causes are long hours, heavy workload and tensions between coworkers or bosses. If you’re experiencing any of these problems, you need to talk to somebody about it sooner rather than later. You have certain rights as an employee and so if you are being overworked or treated unfairly by colleagues, your employer has a duty to do something about it. If you have any trouble with your employer and they won’t help you deal with stress in the workplace, seek legal advice as there may be something that you can do about it.

 

Following these simple steps, you can ensure that you’re always safe in the workplace.

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Everything You Need To Work From Home

Working from home might seem like the perfect situation; you save money on commuting to work, you’re never too far from your fridge, and you’re always home in time for dinner. However, there are some downsides to being at home all the time; you can get easily distracted by dirty dishes, your pets and children can constantly demand your attention, and you might soon realise that your neighborhood isn’t as quiet as you think. Even though you’re going to be home all day, you need to act as though you’re going into the office; this, plus the following tips, are essential to boosting your productivity.

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Productive space

If you’ve ever had to work in an office that’s dull, lifeless, and badly lit, you’ll recall that your overall productivity suffered during your tenure in said workplace. Get your home office off to a good start by adding some creative, yet productive touches. Find a quiet room in the house and make it entirely your own by painting it a color you love. Make sure your office has enough natural light coming through, as well as a well-lit lamp. For some people, subtle scents can soothe the stress of thought blockages and procrastination, resulting in increased focus. These small touches can really help your home office come to life.

Comfortable chair

Although people who work from home might be tempted to work at the dining table, on the sofa, or even in bed, your mind works better if you’re working on a proper desk and seated in a good chair. However, it has to be the right kind of chair. Since you’re likely spending several hours a day sitting in this chair, you want to take precautions against back pain and long-term discomfort. The key to reducing back pain, headaches, and poor concentration is to have a Crossford Executive Lumbar-Support Office Chair that provides good lumbar and pelvic support to promote healthy posture, better breathing, and improved concentration and endurance through long hours of seated task-work.

Clear desk

No matter where you work, paperwork has a habit of piling up. Since you’re already in a tight space, you should make your life easier by decluttering often; file anything that needs to be kept, shred any documents you don’t need, or go paperless to reduce the amount of work you need to put away. You should also fight off anyone who wants to use your office as temporary storage for boxes of clutter. This is your space; don’t let anyone else encroach on it.

Something to keep you focused

The best part about working home alone is that you have complete freedom to find the thing that motivates you. If you find it helpful to listen to music while you work, then make sure you have really good speakers on your laptop. If you need to move every once in a while, get some small weights or a jump rope to do exercise for five minutes to get your blood flowing.

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Four Ways to Kill Your Profits

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It’s true that profit isn’t the only thing you should be working towards in your business endeavors. While it’s certainly true that profit is one of the best incentives for beneficial human behavior around – if not the best incentive – there’s no denying that many business owners find the pursuit of loftier goals to be very good for both their business and their general outlook.

 

But let’s face it: if you’re not making good profits, then you’re putting your entire business in jeopardy. Of course, even in the pursuit of maximizing profit, many business owners will end up making moves that ultimately harm their profits. Here are some of the common errors you need to avoid to ensure you’re not killing your profits, or profit potential.

 

Lousy outsourcing

 

Outsourcing particular tasks can be a great way of saving a lot of money on work while ensuring that quality isn’t harmed. But you need to make sure you’re really working with a reputable company that will deliver you the best possible work for your money. More small businesses than ever are relying on such companies, but many also make the mistake of assuming that sub-par work is to be expected when you don’t do things in-house. Wrong: you should be getting completed work of the highest standard. Don’t settle for less just because you’re outsourcing. Less quality means your profits will be harmed in the long run.

 

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Limited methods of payment

 

There are more ways for your customers to pay you than ever before. It’s best that you ensure you can accept as many payment methods as is reasonable. If your business deals largely in products that cost in the triple digits and over, you may even want to look into financing to ensure you get the maximum customer potential. Take time to learn more about retail consumer financing. Aside from this, ensure you can accept a plethora of different credit and debits cards.

 

Inept finance managers

 

If your accountants and financial controllers aren’t that great at their job, then you can’t expect your potential profits to emerge unscathed. A lot of small businesses make the mistake of hiring very affordable but ultimately sub-par financial managers in the nascent days of their company. If you need to make sure you’re saving money in this area, then consider outsourcing the task. The mistake a lot of business owners make is that they know they really only need someone part-time, or that the work involved isn’t the complex, so they think they can compromise on quality. Don’t make this mistake.

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No legal protection

 

Hate on intellectual property laws and patents all you want: the fact is that they allow the truly innovative agents in the business world to protect their ideas and inventions, allowing them to make the profits instead of allowing a bunch of thieves to try to get a cut of the action without having to put in any effort of the imagination. Protect your ideas, your inventions, your branding; otherwise, the less reputable elements of the business world can take advantage, which will end up throttling your profits in a big way.

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