This Article is About
keyword search terms
light bulbs
red wagon
profitable business
light bulb
complete control
business model
entrepreneur
How To Be An Entrepreneur
Join 1000's of Authors at StreetArticles Today!

How to Be An Entrepreneur

Do you know someone who has started a business and manages the business facing considerable risk because the business model is innovative and untested? Do you want to know how to be a entrepreneur? In most things in life if we have faith and act on our dreams, we will succeed. But many entrepreneurs are not in that mold. They are completely different, see things differently than others, and do something that has not been done before. Now this idea is not completely correct. Some entrepreneurs take an existing idea and expand it into a system. They may obtain somebody else's idea and expand it into a growing and profitable business.

Another example is McDonald's. The original owner started out with one store. He then build other stores. McDonald still owns many of the McDonald businesses you visit. Then he decided to let others own his business as long as they ran the business exactly as he prescribed. That is he franchised his business. That is what the founder, Donald Kroc, did to become an entrepreneur. That is one way how to be a entrepreneur. (Correctly, to be an entrepreneur, but we have to follow our keyword search terms so that people can find what they are looking for..)

There is the element of expansion in entrepreneurship. John D. Rockefeller wanted complete control of his oil operations. He wanted a system that produced oil, refined the oil, and sold it at his service stations. Edison went beyond his light bulb. He took an existing idea, perfected it, and then build the systems to take the power into homes and businesses so that the light bulbs could be used. In that process he created General Electric. Now, that is how to be a entrepreneur!

I met my first entrepreneur when I was a boy. My older friend, Paul, told me to grab my red wagon and go with him. We picked up bottles along the highway, sold them to the grocer, bought bottles from the junk lady and sold those to the grocer. We made full deposit on those we picked up along the road and one red cent on each bottle we bought from the junkyard lady. Later, Paul bought dozens of homes, repaired them and converted them to rentals. Later he built (or bought) and sold condos. He got caught in the "condo crisis" and lost his shirt, but he recovered and is still in operation. Paul and his brother, Bob, were both "born" entrepreneurs.

I knew the brother, a mailman, of a man who took advantage of a special situation. World War II created a market for coal-burning stoves to heat army barracks. He became very wealthy building stoves and selling them to the government and spend his later years doing church work and writing books. Meanwhile his brother continued to deliver mail.

You can see that if you are not born with that entrepreneurial spirit that you can still become an entrepreneur. Think of building a system from an idea of your own or someone else. Look at Sam Walton. He not only build stores but he also got control of his product sources. Wal-Mart tells its suppliers what they must do to sell to Wal-Mart but the company will buy from those who want to introduce new products desired by their customers. You should contact them about this program. You might be able to get a new product in the marketplace quickly.

Wal-Mart is not a franchiser. But you could buy or create a single-location business and then sell franchises. You can require that all of your franchisees operate their business your way and purchase their materials and supplies, etc., from you. You would help them secure financing, select a location, build the structure, train the workers and operate the business.

Franchisees may be able to work from home, providing a service to other businesses. It may operate from a van like a rug-cleaning business. It may do office or professional work for businesses. There are so many ways to learn how to be a entrepreneur.

Many people earn a living on the Internet. They learn the skills needed and go on from there. No matter which way you decide to go, make sure you talk to business men, bankers, "free" consultants that work with you local college or university, and people in the business in which you are interested. Don't forget governmental sources of information secured loans from the Small Business Administration.

Fly Old Glory!


Street Talk

No comments present
You May Also Like
Arizona Pioneer History – Conducting Ancestry Research By Date
On February 14, 2012, Arizona will celebrate its centennial. It’s a timely reminder to reflect on how far the state has progressed since the days when dusty dirt trails traversed the state, winding in and out of fledgling settlements. Places which birthed after forcing dry reluctant land to sustain new…
By: Fenxx Publishing LLC in  Home and Family  >  Genealogy Family Trees   Aug 08, 2011  
1
  Likes: 1

How to Pick Out Replacement Head Light Bulbs for Your Vehicle
Driving home from town a few days ago I pulled into the driveway and noticed my headlights were dimmer than usual. After checking I found I had a headlight burned out. After doing a bit of research I found a need for an article on how to pick out replacement…
By: Shawn Lee  in  Automotive  >  Repairs   Jun 27, 2012  
21
  Likes: 9

Going Green at Home
Many concerned citizens hope to live with better environmental awareness these days. You might be one of these folks and are wondering how to go about it. If you want to cut down on your bills and do what you can to minimize your carbon footprint, read on for how…
By: Natanael in  Home Improvement  >  Green Living   Jul 06, 2012  
0
  Likes: 0

How to Find the Best Work Light for Mechanic
A work light is one of items mechanics can never work without. There are so many types of work lights for mechanic on the market at different prices. If you have some knowledge of each type of lights, you will be able to find the best work light more easily.…
By: Taka in  Automotive  >  Repairs   Mar 29, 2013  
0
  Likes: 0

Ste By Step How to Clean A Bathroom
Looks like I am back to those apartments again that people want to leave for another home, but don't want to leave it clean. And that's where I come in. The apartment is vacant or pretty much so. Sometimes there is something left behind and most likely it is stuff…
By: Georgianna in  Home Improvement  >  Cleaning Tips and Tools   May 23, 2011  
0
  Likes: 0

How to Save Energy
Most of us common folks would like to know how to save energy. The talk shows are always telling us how to do this. There is always somebody sticking their nose in our business. Well, they are just trying to help. But I do get tired of all the talk…
By:  in  News and Society  >  Energy   Apr 24, 2011  
0
  Likes: 2

Reduce Your Energy Usage
Use Less Energy When the time comes to pay your bills its a difficult time especially when it comes to the high electric bills which seem to get higher every month. I'm sure you would like to finf a way to reduce your electric bill . In this article I'm…
By: Francis Parsons in  Home Improvement  >  Energy Efficiency   May 14, 2011  
0
  Likes: 0

How to Go Green With Your Small Business
Simple and effective solutions such as recycling waste paper greatly reduces the amount of waste that ends up in dump sites and saves you money that would have otherwise been spent on managing waste. Eco printing also creates a favourable impression of your business as a champion for environmental conservation.…
By: johnpeter642 in  Business  >  Business Travel   Sep 15, 2012  
0
  Likes: 0

Team Building! Important?
The development of the team idea can be followed back to the late 1920s and mid-1930s. These included a progression of examination exercises intended to inspect inside and out what happened to a gathering of laborers under different conditions. After much investigation, the specialists concurred that the most huge variable…
By: Shaista Kiran in  Business  >  Entrepreneurialism   Jun 02, 2016  
0
  Likes: 0

Looking for A Perfect Match
Like looking for a perfect match, shopping for diamond could be tedious and stressful if it’s your first time or if you don’t have much knowledge about it. Who would really settle for something of less value? Even the people we choose to be with, if it does not complement…
By: Mike Nekta in  Business  >  Entrepreneurialism   Jun 01, 2016  
0
  Likes: 0

Life Of A Jeweler
Passion... Commitment... Integrity... common words yet requires so much devotion. A pledge you would hear from a jeweler to himself. It is a typical stigma of people seeing someone with so much elegance as someone who has an “easy life”. A usual mistake you would think from someone who is…
By: Mike Nekta in  Business  >  Entrepreneurialism   May 30, 2016  
0
  Likes: 1

Creating A Unique Children’s Roller Disco Huddersfield
When you make up your mind to host Children's roller disco Huddersfield, you will have to start with the preparations so that you give the best to your kids. Children love to grab fun and enjoyment through parties. Therefore, if you get the opportunity to host parties and entertain children,…
By: watsonjerry in  Business  >  Entrepreneurialism   May 19, 2016  
0
  Likes: 0

Choose the Best Floor Cover With Floor Covering Services Bradford
If you have invested a lot of money in making your house a palace, then you should choose a decorative floor covering that will add to the look of your home. Many floor covering services Bradford companies are there that will help you to pick the best floor covering for…
By: jfab7 in  Business  >  Entrepreneurialism   May 11, 2016  
0
  Likes: 0

Wood Flooring Little Elm Tx: 3 Hot Trends In Hardwood Flooring
Replacing your old carpet, tile, or laminate with new wood flooring Little Elm TX is a smart investment, but selecting the style and color can become overwhelming. Fortunately, understanding some of the hottest trends in hardwood flooring can help make your decision a little easier. If you are considering adding…
By: Stephen E. Barnes in  Business  >  Entrepreneurialism   Apr 19, 2016  
0
  Likes: 0

Commercial Wine Cellars Dallas Tx: How To Sell More Wine
Whether you own a restaurant that serves wine or you own a wine shop or high-end liquor store, selling more wine is your main goal and the best way to do that is by installing one or more commercial wine rooms or commercial wine cellars Dallas TX. There are two…
By: Lawrence J. Dozier in  Business  >  Entrepreneurialism   Apr 18, 2016  
0
  Likes: 0

Article Views: 2004    Report this Article