I’m guessing a lot of young people are in college right now, dreaming about owning a business before they hit thirty. Many of us will have this aspiration. We wish, hope and dream of becoming the next Mark Zuckerberg. But is it a real possibility? I think the chances of gaining the success Zuckerberg has achieved is a akin to being hit by lightning…ten times. But I do think that owning a business that’s profitable before you’re thirty is certainly possibility. You just need to know how to get the ball rolling and I can help you out there. There are a few simple steps you need to take. So, are you ready to get started?
Set Yourself Up As Product
If you want to own a business, you need to start turning yourself into a product that can be sold. You have to make sure that people will want to buy what you will soon be selling. The best way to do this is to start getting active on social media and blogging. By doing that, you can find a base of customers that you’ll be able to use to make your company profitable quickly. The trick is to use every social network at your disposal setting up plenty of online profiles. Once you have done this, you should soon have enough support to propose a business idea.
Of course, you’re not going to get very far unless you have the skills and knowledge to run a company. That’s why I do recommend you take a business course at somewhere like East London College. There, you will be able to get a full qualification in business and find out exactly what you need to know. Once you have your degree, you will be taken more seriously by investors and loan companies. I know many people will have read about business owners that never finished college. But it’s important to realize that these guys are the exception not the rule.
Formulate Your Idea
You might have an existing concept for a business already. This could be selling an original product or service. Or perhaps, you’ve found a way to market an old idea in a new and exciting way. I’ll give you an example of this. 3D has been a gimmick on cinema screens for the last ten years. What people don’t realize is that this isn’t the first time 3D has taken over cinemas. Anyone who remembers Jaws 3D and those red and blue glasses knows what I’m talking about. You can say that tech has evolved since then but it’s essentially the same idea. It’s just marketed and presented in a different way. The important thing is making sure you know how it will be profitable.
Take Out A Business Loan
Any amateur entrepreneur can take out a business loan if they wish to. They just need to apply for a loan from a company. The only issue is making sure you understand the interest rate and the amount you have to pay back. For this reason, it’s best to keep your business quite small at first. Then, once you start to find success, you can borrow more. Or, invest what you’ve already made.
It’s as simple as that. Follow these steps and before you know it you could have your own company in whatever field you like.