There is a lot of risk and opportunity cost in building a business and you need to be okay with taking that on.
Who should be an entrepreneur? Creative thinkers and risk takers are the people who should be entrepreneurs. If you’re looking for certainty, you’re not going to find it in your own business. You are able to mitigate some of that risk by being a business owner instead of an entrepreneur, for example opening a franchise which has a higher rate of success. If you’re someone who craves certainty and security, don’t be an entrepreneur. If you’ve been thinking about it for a while and you have an idea, if everything else is relatively stable, now could be the right time to give it a shot.īeing an entrepreneur isn’t an exact science, you just have to take the cards you're dealt and play them the best you can. Is now the right time to start something? Now may actually be a great time to start a new business, especially for those who have been laid off with nothing to go back to.
#Contents of cashflow 101 game software#
He kept up his involvement in computers and software development, and found himself in the right place and the right time to offer a solution that jump-started a business. It wasn’t until Troy took an economics course on a dare that he realized that he loved the study of economics and completely switched tracks.
Troy’s original plan was to become a doctor, not an entrepreneur. Even a mediocre idea, when executed well, can work out. Ideas are everywhere, execution, perseverance, and discipline is what’s rare. They need to take these ideas and pick one, then execute, and then when they get bored they have to keep pushing instead of flipping to the next one. Whatever the opportunity was, Troy was willing to take advantage of it.įor the average entrepreneurial minded person, the problem is having too many ideas. Troy has sold all sorts of products including greeting cards, seeds, and computers. Podcast Highlights Who is Troy Underwood? Troy considers himself a necessity entrepreneur and has been doing the entrepreneurial thing since elementary school.
#Contents of cashflow 101 game how to#
His new book is How to Launch Your Side Hustle: Start and Scale a Business with Minimal Capital. His healthcare venture, benefitsCONNECT, innovated healthcare benefits administration and resulted in a highly successful acquisition. Part technologist, part economist, and all innovator, he revolutionized the motor vehicle industry with the nation’s first electronic title system for financial institutions, which was later sold for $106 million.
0 kommentar(er)
