Ready For An Entrepreneur Opportunity Now?

by Dena-Lynn

in Entrepreneurship

Inspiration is an important aspect of identifying an entrepreneur opportunity.

Entrepreneur Opportunities

Do you want to be a successful entrepreneur? You probably have an excellent idea and you’re thinking over whether it’s doable or not, whether it will bring in revenues, and whether it has the potential to expand into a more profitable business venture. When you find yourself with the desire to start your own business, there are many things you have to consider and think about.

To start, ask yourself if you have what it takes to own and maintain a business. You should know that the world of entrepreneurship is not for everyone. Yes, the opportunities for profit and self-fulfillment are great, but so are the risks as well as major commitments involved.

Taking on an entrepreneur opportunity can be a life-changing endeavor; thus, you should have a clear vision for the direction of your business. And, there are some specific character traits that every entrepreneur must possess or develop. Perseverance, hard work, independence, self confidence, commitment to quality and success, and integrity are essential.

If you think that you have what it takes to be an entrepreneur then you are ready to proceed to the next step – find the type of business you want to establish and own.

Finding the right Entrepreneur Opportunity

As you know by now, there are literally thousands of business opportunities available for the budding entrepreneur. With all these choices, what type of business are you going to pursue? There are actually two approaches to finding the right entrepreneur opportunity for you. There’s the traditional approach and the “follow your passion” approach.

The traditional approach to finding the right business opportunity involves a systematic and methodical process. It involves careful planning – thorough research of the market, recognizing a need and creating the product or service to fulfill that need.

Following the traditional approach, you start with making your preliminary business plan. Make sure to do market research to see the market potential for your chosen business. Re-evaluate and re-assess your business plan and determine how much capital that you’re going to need – you can seek out investors and lenders who can help you finance your business. The traditional approach to discovering entrepreneur opportunities is obviously labor-intensive and time-consuming, as well as potentially expensive, but careful planning before actually starting the business will reduce the risk of failure as time goes by.

You can also choose to find the right entrepreneur opportunity by using the “follow your passion” philosophy. This approach involves following and doing what you love and the money will start coming in. This can be an excellent way to start your own business and can work just as successfully as the traditional approach if you engage in planning, focus, business-mindedness, and passion.

This approach encourages you to find out what type of business you should pursue through self-discovery and observation. Reflect on what you’re truly interested in and passionate about and look for ways to make a business out of it. Observe your surroundings to see if there is an unmet need. From there you can easily create a product or service to fulfill that need. 

Create your own entrepreneur opportunities.

The idea that simply popped into your mind while driving your kids to school may actually lead to excellent entrepreneur ideas that can eventually lead to success.

You can also decide on a tried-and-tested business model and copy it in another market. Franchise opportunities serve this approach. Entrepreneur franchises are already proven business models. And, they come with support and training from the company to help you start out and manage your business. Just be aware, purchasing a franchise may require a heavy upfront financial investment and you’re required to pay monthly royalties to the company. If you prefer small business opportunities – an unfranchise may be perfect for you. 

An unfranchise business is similar to a franchise in that you have a proven business model as well as ongoing support and training from the company. But  – you don’t have the heavy upfront financial investment and monthly royalties are not required. A network marketing venture is a type of unfranchise entrepreneur opportunity.

Entrepreneur Opportunities Are Easily Accessible

I watched The Men Who Built America on the History Channel, which tells the stories of the great capitalists of Capitalists of Entrepreneur Opportunitiesentrepreneur opportunities: Andrew Carnegie, Henry Ford, J.P. Morgan, John D. Rockefeller, and Cornelius Vanderbilt. You’re probably aware of the source of their fame and their wealth. Even so, I recommend that you watch this show if you’re a history buff, like me, and if you want to know the intricacies of how their success came about. Good stuff.

Common denominator: they all recognized how natural and creative resources could be directed to fulfill a need and at the same time, do so for profit. You can use creative resources to do the same.

And then there’s the old news story about Mitt Romney on the campaign trail. He reportedly told students at an Ohio university to borrow money from their parents if they wanted to start a business. There’s some disagreement about whether or not he said exactly that or that’s what he meant. I’m not going to weigh in on that, watch the video, you can decide for yourself.

My point: If you want to go into business – doing a little business or a lot… the amount needed to borrow is negligible if any at all. In fact, it’s never been easier to build a big business on a shoestring,

Using these approaches are effective in helping you discover what entrepreneur opportunities are right for you. Although they’re not failure-proof (nothing is), they’ll certainly help you increase your chances of success going forward in the entrepreneur opportunity that you ultimately choose.

To Your Triumphant Success,

Dena-Lynn
Dena-Lynn
Skype: Dena-Lynn
Email: dena@dena-lynn.com
Work With Me: Free 30 Minute Warrior Session

If you’re ready for an entrepreneur opportunity in 2013 or if you’re involved in one now, share and tweet this post so we can spread the word!

© 2013 – 2017, Dena-Lynn. All rights reserved.

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Dena-Lynn

+Dena-Lynn is a Mom, Grammie, Author, MS Warrior, IM Consultant & Professionally Trained Life Coach. Inspiring The Warrior Within to TRIUMPH in a home based business and in life!

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Chery Schmidt

HI Dena Lynn, You did a great job with this post. I do agree that entrepreneurial opportunities are abundant these days, the important thing though is to do your diligence before getting started. But once you figure this out go for it and never give up all to often, these entrepreneurs get started with something and after a few weeks when they don’t see something happening for them they just go looking for something else. People need to stay focused if they are ever to see any amount of success online.. Thanks for sharing Dena Lynn… Chery 🙂
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Dena-Lynn

Focus and perseverance are essential when going down this road. The initial excitement inevitably fades – commitment to our goals and purpose will keep us going.

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Jacs Henderson
Twitter: JacsHenderson

Great job preparing folks for being an Entrepreneur Dena Lynn – I would also encourage researching your sponsor/mentor/team to work alongside some equally motivated and going places people – working with a group/team/tribe is a wonderful way to gain confidence and support, in what can be a tough and lonely road.
You’ve covered some excellent ground in this post, and I love the way you refer to the historical business entrepreneurs – history is a good teacher and always repeats itself, like fashion!!
thanks Dena Lynn 🙂
Jacs

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Dena-Lynn

You brought up an excellent point about choosing your potential colleagues wisely. Thanks, Jacs!

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marquita herald

Terrific advice Dena-Lynn. Just another small tip, it’s really important to take some time and get real with yourself about how much effort you are willing to put into your “opportunity.” For example – if someone is starting part-time while holding down a full-time job, they need to be clear about how many hours a day or week they will commit to developing their new business. And of course, part of that process is understanding that these things always, always take longer than we expect/hope they will 🙂
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Dena-Lynn

You are absolutely right, Marty. Realistic planning is always essential to success.

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Sarah Arrow

Hi Dena-Lynn, I love how you show that creating your own opportunities is a part of being an entrepreneur. As Chery mentions above, you have to do your due diligence, you have to research your opportunities thoroughly.
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Dena-Lynn

Hi Sarah, thanks! I agree, due diligence and careful research are vital.

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Shelley Alexander

Hi Dena-Lynn,

Excellent article and suggestions on starting a business. I agree with all that you mentioned and I would add that you need to be really clear on how much time, money, and effort you are willing to invest in this business to make it successful. If you go into this business while having a full-time job you need to be clear on what you are going to do every week to grow your business and keep it from just being a hobby.

Thanks for the great tips!
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Dena-Lynn

Great distinction, Shelley. Knowing what your goals are and what’s required is key.

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nick catricala

Dena-Lynn,
you radiate success.. Thanks for sharing your great topic above… not certain I am an Entrepreneur… what I know is that I dislike to work a 9-5 job… hope that is qualify me as an entrepreneur since I have been doing it for 25 years and love to believe I will continue for the rest of my life… Great advice, great clear suggestions and wonderful way to get people in the NOW… before getting into something that they may not be fit to be…

Thanks so much for sharing.
nickc
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Dena-Lynn

Thanks, Nick. I’m sure that you say that with tongue in cheek. With 25 years of entrepreneurship under your belt, I’m sure that you have a lot to share about what it takes to succeed.

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Gregory Bowen
Twitter: gregsmokeybowen

Hello Dena-Lynn…..You Hit a home run with this post! Very well said!….This is all helpful information, and said in a positive manner that is informative and encouraging…yet truthful…nice post!….Smokey
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Dena-Lynn

Thanks, Smokey! I’m glad that you found value here.

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Jose Palomino
Twitter: palo025

Thanks for sharing Dena.
I believe in building business relations. If people show me the initiative by responding back, then I can actually feel more comfortable with their company.
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Dena-Lynn

Hi, Jose. I’m with you – responsiveness is SO important for me too!

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Clint Barber

Hi Dena-Lynn,

Excellent post, I am a great believer of the logic you get out what you put in!
Many Entrepreneurs that I know work minimum of 12 hours per day and often 6-7 days per week. Success is the result of hard work…

Thanks for all your hard work,
Clint Barber
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Dena-Lynn

Yes, hard work and tenacity will often lead to success. It’s not easy, and it’s not for everyone.

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Richard Goutal
Twitter: Goutal Richard

Liked that you gave significant space in your overview to research and looking into your passions. I notice that some people kind of push one or the other. While one might start with one or the other, it seems to me that both play a role.

One or thought is the use of the word “passion.” For some the word is off-putting or it is hard to relate to it. Passion connotes a STRONG feeling. It is good also to consider what you “enjoy” doing or what “gives satisfaction.” But however it may be phrased, it is hard to stick to it with something that is just plain boring/frustrating/foolish/unimportant to someone on a personal level.
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Dena-Lynn

I would say that we’ve hit a home run when our research reveals that our strong interest, or passion, has high marketability. There’s nothing wrong with choosing a business that is viewed on a personal level as just a highly marketable profit center; but, it sure adds some spice to life when we’re engaging in a business that we love.

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Lydia Brown
Twitter: lydiajbrown

Dena awesome post. It can make your head spin there are so many opportunities in our profession. The amount of prelaunches seem to be breaking records. I learned a long time ago that when I become overly excited about something I really need to research it. Came to realize that certain words are a trigger for me.
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Dena-Lynn

I agree, there are so many that it could make your head spin. Researching is key to ensure that any opportunity is a fit for what you ultimately want to accomplish.

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Jordan

Hi Dena-Lynn, I am so glad I came across your site. I definitely agree that the world of entrepreneurship is not for everyone. It goes with the saying that many were called but only few were chosen. I really love this topic of yours. Passion is one of my key that I never left alone to pursue my dream entering this world of entrepreneurship. Thanks for this. It is really indeed very helpful. Keep up the good work.
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