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Showing posts with the label small business owner

Entrepreneurship Requires the Eyes and Ears of a Wolf

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Entrepreneurship is a popular occupational choice for Generation X and Y who desire more freedom to determine their own fate. When conversing with young people you will hear their stories of how they would like to someday be a business owner, work in an industry they have a passion for and keep their freedom. If you want to be an entrepreneur than having the eyes and ears of a wolf will help you discover opportunities. Opportunities abound but seeing potential opportunities can be a more difficult process. It takes considerable experience to see and understand where price differences occur and how to capitalize on these differences. Sometimes these opportunities are easy to discern while at other times considerable research must be conducted before it can be realized Consider the years and efforts it takes to successfully run a small business. Most businesses fail within the first five years as wishful thinking meets market realities. As entrepreneurs stick with their efforts th