Business Coach | Grow Your Business

How to Become an Entrepreneur

Tayde Aburto

October 12, 2012

3 MIN READ

 

Become-EntrepreneurIf you always seem to see things in a slightly different way, are constantly “improving” the way any task is accomplished, and find others looking to you for ideas and motivation—you could very well be an entrepreneur-in-the-making.  Entrepreneurs can’t help but try to make the world a better place; fixing things, changing things—it’s in their blood. So, what’s the difference between having an idea and being an entrepreneur?  Taking action, of course.

1. From Idea to Business Plan

The idea is the spark that leads to the Big Bang of the truly inspired entrepreneur. But it isn’t enough to decide that what the world needs now is another brand of widget to choose from.  What you need to envision is a special or entirely new widget—a widget that becomes the only choice for smart, stylish, informed widget-users.

Once you have a unique idea, the real work begins. Your idea lives in the world of speculation, but the product or service lives in the real world—and a business plan helps evaluate how well your great idea will work in the marketplace. It details everything necessary to bring your venture to life, and forces you to ask yourself the necessary questions: Where is your market? Who is your competition? How much capital do you need? How much profit can you make? If you can’t answer every question completely, satisfactorily and within your means, it may be time to rethink your idea.

2. Be Prepared to Work Hard

Okay, now you have the product or service down. You have a business plan. You have the money, or a capital partner, or a plan on how to acquire the necessary funds to begin. Now be prepared to sacrifice nearly every semblance of your normal life to make it all come together. A true entrepreneur lives, breathes, eats, sleeps and dreams the business.

The price of being your own boss is high, and your social life will probably suffer, as you put in 12-hour days nearly every day.  That said—don’t lose sight of your family, your kids, and your health.  Make appointments with yourself, on your calendar—and keep them!  Remember that your body fuels your mind, not the other way around.  You’ve never quite seen burn out until you’ve worked 365 days before you suddenly realize you haven’t had even one day off that year. Exhaustion dulls your mind and drains your enthusiasm.

3. Avoid Procrastination – Stay Focused

Don’t put things off—write them down! Checklists are great accountability, especially when your mind is exploding with new ideas by the minute.  Whittle away at your list daily, and reprioritize each morning.  If you aren’t crossing something off day after day, take a second look.  Is there a reason for that?  Maybe it’s not really important, or maybe it is out of your comfort zone; if so, consider getting some advice or feedback from a friend, partner or mentor—because that one item could be keeping you from moving forward.

As a working entrepreneur, you will lose heart at times, and maybe get frustrated, and you may look longingly at the couch and think about taking the rest of the day (or night) off. But don’t—at least not yet. Think: is there anything else you need to do before calling it a day? If you have any tasks slated for that day, get them done and write down tomorrow’s plan while you’re at it.  This will put your mind at ease and allow you to rest and come back the next day replenished.

4. Be Prepared for Change

If you’re expecting a smooth, level road to success you’re definitely in the wrong line of work—honestly, true entrepreneurs thrive on shifting gears and rebounding with gusto; in fact, the more change the better.  They are undaunted and delight on creating new and innovative ways to approach every arising issue.

Entrepreneurs know instinctively that tastes will change, markets must shift, money dries up and the competition can slide in under your nose.  If nothing else, change forces you to keep up or go under, and adversity is the impetus to exploring new approaches, different markets, and possibly even rethinking your entire customer base.

5. Never Give Up

Inspire others with your passion and dreams, and they will be your most loyal customers.  Hold tight to your integrity and others will trust you and what you have to offer.  And take heart—when you put in your best efforts day after day, it has a way of always coming back to you—just when you really need it the most.

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Is there a lazy employee on your team sucking the energy and progress out of your business? 

It’s easy to dismiss this employee as simply “lazy” and move on, failing to address the issue.  But here’s the thing: 

- Laziness is often a symptom of a larger problem. 
- It could be something personal or professional hindering them. 

To address the situation, start with empathy. 

Ask about any issue in their life and how you can help. 

Provide ongoing feedback on their job performance. 

Set clear and achievable goals for them. 

You can find out what motivates them and create a plan to keep them engaged. 

If none of these strategies work, intervention is necessary. 

At times, people won’t change until they face consequences. 

It may be time to have that difficult conversation about the consequences if the behavior persists. 

Don’t let your entire team suffer due to one employee. 

Take action, but always lead with empathy and understanding.

#business #smallbusiness #associates #employees #businesscoach
Self-respect is like a magnet that draws others towards you. 

When you value yourself, others notice and are drawn to your confidence and authenticity. 

It's not about being perfect, but about knowing your worth and setting healthy boundaries. 

People are naturally attracted to those who respect themselves because it shows strength and integrity. 

When you treat yourself with kindness and respect, others are more likely to do the same. 

So, embrace who you are, stand tall, and let your self-respect shine—it's the secret to becoming truly attractive.

#selfrespect #confidenceboost #authenticity #knowyourworth #selfworth #innerstrength #beyourself #attractiveness #selflove #positivevibes #businesscoach #entrepreneurmindset #successcoach #businesstips #growthmindset #leadershipdevelopment #coachingbusiness #entrepreneurialjourney #businessmentor #startupadvice
“Man plans, God laughs.” 

Uncle Tony shared this story with me today @lajollaopenairemarket . He is 85 years old and very smart. I always enjoy my conversations with him. He is a wealth of knowledge. 

“Growing up, my dad would always say that phrase. 

It wasn’t until I grew older that I realized how right he was. 

Life doesn’t always bend to our will. 

We can have a plan and work hard towards it but oftentimes, the outcome looks nothing like what we expected. 

That’s not necessarily a bad thing. 

In fact, it’s an opportunity. 

What we learn, how we grow, and what we ultimately become can be defined by how we respond to unexpected twists and turns. 

So keep planning, but be ready to laugh along with God when He changes the script. 

It might just lead to something even better than what you thought you wanted.”

A perfect story for a beautiful day in #LaJolla. Happy Mother’s Day! to all the wonderful Mother’s out there. 

#life #plans #destiny
When your children don’t want to take over the family business, what should you do? 

Here’s a secret: 

First, celebrate your children’s individuality. 

Success without feeling fulfilled is unfulfilling. 

Let them find their own way. 

That said, addressing what happens after you’re gone is important. 

- Who will take over? 
- What will happen to the company? 

Consider talking to your children about having someone managerially competent take over the business. 

Take time to plan thoughtfully because this isn’t only about your business legacy but also about your family’s legacy. 

Don’t take it personally, and be supportive of their choices. 

Remember: the important thing is that they’re happy.  But also make sure your hard work isn’t lost.

#familybusiness #businesslegacy #sellbusiness #business #businesscoach
Millennials, despite being the most educated generation, hold only 4.8% of all wealth, much less than previous generations at the same age. 

This highlights the need for alternative paths to wealth accumulation. Starting their own businesses or joining family ventures could be promising avenues. 

By breaking away from traditional career paths and exploring innovative avenues, Millennials can work towards building a more prosperous future for themselves. 

It's a shift towards self-reliance and resourcefulness in response to economic disparities and evolving job markets.

#millennialwealth #entrepreneurshipjourney #familybusinesslegacy #financialfreedomgoals #wealthbuildingstrategies #generationalshifts #economicadaptation #innovativewealthgrowth #socialmediainsights #financialawareness
Subscribe to the Morning Profit! I’ll launch it on May 24, 2024. A newsletter for business owners looking to boost profits with practical morning habits. Expect actionable tips and inspiring ideas delivered straight to your inbox. #themorningprofit #morningprofitpost #profit #smallbusiness #business
Success often slips away when facing three common enemies; the comfort zone, learned helplessness, and seeking easy ways out. 

To overcome these obstacles, realize that worthwhile achievements require effort. 

Don't let comfort, excuses, or shortcuts hold you back. Take charge now and accept the challenges for true success.

Follow @taydeaburto for more!

#businesscoach #smallbusiness #startuplife #successcoach #businessstrategy #entrepreneurmindset #businessmentor #leadershipdevelopment #growyourbusiness #businesstips #bizcoach #leadershipcoach #businessgrowth #entrepreneurialmindset #businessconsultant #breakthecomfortzone
Don’t wait to invest in you or your business! The moment is now. You don’t want to miss opportunities just because you aren't ready. I have invested in myself and my business even when I didn’t have to, and that has helped me to reach many of my goals and positioned me for bigger and greater things in life. Be Intentional! #investinyourself #personaldevelopment #business #smallbusiness #businesscoach #life
If you want to increase the value of your business before your exit, let’s chat! If you are ready to sell your business, please visit https://www.m1bossacquisition.com to start the process. #sellingmybusiness #business #smallbusiness
Even when things go wrong, keep trying. 

Despite setbacks and sadness, find the courage to believe that a fresh attempt might bring a better result. 

Be the one who refuses to give up, even when it's tough. 

Be the person who keeps on trying!

#keeptrying #nevergiveup #persevere #newattempt #believe #courage #positivity #instaquote #inspiration #motivation
Here are some options if you are going through a divorce and you and your ex are trying to figure out what to do with the business. 

Besides those, 

✅ If you need a mediator
✅ If you need help to add more value to your business before you sell it
✅ If one of you keeps the business and wants to increase sales and profit

Contact me. I can help you out. 

Don’t make the mistake of selling your business for a low price or letting a profitable operation go down. You worked hard to make it happen. 

If, for some reason, you have grown apart, don’t let that stop you from having a profitable exit or continuing to build a business that can be profitable for many more years. Please send me a DM!

#divorce #businessowner #smallbusiness #business
Why investing in yourself is the ultimate investment 

Think about it: when was the last time you invested in yourself? 

20 bucks on a book? 
200 in a course? 
$2000 on a conference? 

On the surface, it sounds frivolous, but it’s actually the best investment you can make. 

Personal development is the foundation of success, both in your work and in your personal life. 

- Learn new skills 
- Unleash your creativity 
- Build your network 
- Improve your mindset Everything starts with you. 

The ROI speaks for itself: 

- More confidence 
- More opportunities 
- More money 
- More happiness 

The best part? You don’t need to invest much. 

Just a little bit, every day. 

Start small and watch the benefits pile up. 

You’re worth it! Thank you, @donaldmiller and @businessmadesimple @storybrand  team, for a very productive and insightful strategy session. I’m grateful for your support, your leadership, and everything you do to provide us with the tools and resources that we need to help our clients thrive in the marketplace. 

#business #smallbusiness #businesscoach #personaldevelopement
Personal growth is a journey where we strive to become better versions of ourselves. 

If you can honestly say you've improved as a person compared to your past self, that's a victory. 

It's about learning from experiences and making positive choices. 

Accepting change and self-improvement leads to a fulfilling life. 

So, celebrate the progress you've made on this journey of becoming a better person!

#personalgrowth #betterme #selfimprovement #journeytochange #positiveliving #mindfulchoices #embracethechange #progressoverperfection #kindnessmatters #celebrateyou
My business partner doesn’t help. So, what now? 

First, it’s time to re-evaluate. 

What are they not doing? 
What are their strengths? 
What are their weaknesses? 

Based on the answers, decide to: 

A. Get them on board 
→ Discuss how their strengths can help 
→ Acknowledge their weaknesses and offer solutions 

B. Realign expectations 
→ Clearly define their roles and responsibilities 
→ Set deadlines and make them accountable 

C. Step back or part ways 
→ Decide the business agreement or compensation 
→ Hire help or find a new partner 

No solution is easy. 

But seeking a resolution will get you out of your rut and back on track. 

Remember: Your business depends on it.

#business #smallbusiness #businesspartner #businesscoach
Burnout is a rite of passage for entrepreneurs. 

“I can do it all” is the mantra entrepreneurs live by. 

I used to do it too. 

But it’s not sustainable or scalable. 

1 key phrase saved my business: “It’s not my problem.” 

Yes. You read that right. 

I don’t mean to abandon responsibility or be rude. 

I mean to delegate and outsource. 

You need a team to scale. 

You need the time to focus on growth. 

Delegating enables you to: 

- Work on the things that matter 
- Grow, learn, and scale 
- Prioritize your energy and mental health 

Ask yourself: “What is not my problem?”. 

Delegate and reignite your passion for your business.

#scale #business #smallbusiness #businesscoach
The 1% rule is about getting better bit by bit every day!

If you make a tiny 1% improvement in your skills, habits, or goals daily, it might not seem like much at first. But over time, all those small changes add up to a big, positive difference.

It's like saving a little money each day - it might not feel like a lot, but in the end, you'll see significant growth.

The idea is that consistent small efforts can lead to impressive achievements, showing how dedication and gradual progress really pay off.

Follow @taydeaburto for more inspiration!

#ProgressEveryday #OnePercentRule #ConsistentGrowth #SmallStepsBigResults #DailyImprovement #HabitsForSuccess #AchieveGoals #DedicationPaysOff #PositiveChange #PersonalDevelopment #SmallWins #IncrementalProgress #SuccessJourney #MindsetMatters #GoalSetting #CommitToGrow #SelfImprovement #PersistencePays #ContinuousImprovement #Success Mindset

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An Angel has been watching my son’s heart progress for 15 years. She saved my son’s life and hundreds more in her career. Blessings! Our journey is unfinished yet, but we are progressing under her watch. Thank you, God! 🙏🏻

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