Starting a company can be one of the most rewarding, exhilarating, and interesting
opportunities you'll ever get. If you're aware of the risks and you're still
determined on becoming an entrepreneur, use the strategies and advice provided by experienced
entrepreneur Jeremy Abelson in this guide.
Being your
own boss, making all the shots, working for your own interest, entrepreneurship
is the ultimate career goal for many people. And why wouldn't it be? The idea
of working from a fun co-working space or a remote tropical island seems way
better than working in a boring 9-to-5 faceless corporation. However, after having
established his own business venture Irving Investors, Jeremy Abelson explains
that as awesome as running your own business sounds, it's also incredibly
difficult. Just how difficult? Well, according to latest research data, as much
as 75% of startups fail within the first few years.
Back in the
days, most kids aspired to get a master’s degree from a prestigious university and get hired by a multinational company. Today, almost every other teenager wants
to drop out of school, learn computer programing, and become the next Steve Jobs or Mark Zuckerberg.
When it
comes to starting your own business, there are some common guidelines to
entrepreneurship. The first and foremost guideline is "do what you
know". Trust Jeremy Abelson when he says you don't want to start a
business you know nothing about. Entrepreneurship is hard work, so you want to
focus your attention on something you care and you are passionate about. To
have years of success, you have to love what you do. As the years go by, money
won’t be a big enough motivator to sustain the business, and you’ll need more
than money to keep you motivated.
Last, but certainly
not least, educate yourself. Getting an academic degree or completing a course can
help you with the pitfalls that you need to avoid. Nowadays there are different
types of educations that can boost your chances of long-term success as an
entrepreneur. Jeremy Abelson recommends choosing a type of education that is
directly related to your field.
