Are You an Entrepreneur? Take Action!

Are You an Entrepreneur? Take Action!

By: Abbas Virji
  5568 reads

Before you begin your entrepreneurial journey, there is something that should be clarified. That is, not all entrepreneurship entails starting your own business. Some of the most successful entrepreneurs did not intend to create a business, but rather to develop a category. Creating a business is not the challenge – rather, it’s creating something unique in a world that is becoming increasingly competitive and full of a variety of products and services. As this post from the LinkedIn blog demonstrates, entrepreneurs are people who try as hard as they can to achieve success, whether their initiative is a home-based business, a franchise, network marketing, a social enterprise, startup, etc. They create a need for something that wasn’t previously a necessity. But, their aim was to create a new category, not a business – this is a mindset that should be taken into account.

If you want to take action but are unsure if you’re ready for owning your own business or you’re hitting hurdles, check out ‘14 Tips for Jumping Entrepreneurship's Hurdles ‘, ‘Entrepreneurship 101: A Guide for New College Grads Looking to Fly Solo’, and ‘Secrets from 10 of Canada’s most successful entrepreneurs.’ All of these resources provide valuable insight into the world of entrepreneurship with an invaluable student perspective. Do you think you have what it takes to be an entrepreneur? Take this self-assessment.

Even if you don’t score highly on the assessment, there’s no reason to panic. There are many organizations available to you to help develop and assist in growing your ideas. There are some SFU-specific resources for entrepreneurs, which you can read about here. The following list is not comprehensive, but it does provide some organizations with prominent chapters in BC.

 • Canadian Youth Business Federation

   Are you struggling with your entrepreneurial idea, even though it’s a great one?  
   The Canadian Youth Business Federation can help. They provide pre-launch
   expertise, online business resources, financing, and mentoring. They are a “non-
   profit organization dedicated to growing our nation’s economy one young
   entrepreneur at a time.” Find out more here.

 • GrowLab

   “GrowLab is a Vancouver-based startup accelerator that helps entrepreneurs build  
     great companies through seed funding, mentorship, collaborative workspace and
     3 months of intensive programming. GrowLab connects the best and brightest
     entrepreneurs from around the world with our global network of top tier
     investors, mentors and partners.” Visit their site here.

 • Social Enterprise Canada

   Social Enterprise Canada is a service that aims to “provide a virtual doorway to        
   information, toolkits, resources, national and regional conversations, social purchasing
   information, a social enterprise marketplace, and facilitate linkages to
   other intermediaries who support social enterprise in Canada.” For more information,
   click here.

 • YMCA Self Employment Vancouver and the Sunshine Coast

   The YMCA, in conjunction with WorkBC, can help you start your own business by  
   providing you with the support you need, whether through mentoring,
   entrepreneurial workshops or business launch and implementation support. You
   can find out more about their services here.

As Peter Drucker mentions, “the best way to predict the future is to create it”. An entrepreneur is defined as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk” (source). Essentially, this means that risk is inevitable at some point in your journey as an entrepreneur. But, the rewards you end up with could make it more than worth your while.

Indeed, there really is no better time than now to start something new, as this article from Inc. describes. Taking risks, and even turning a company around, is something entrepreneurs do on a daily basis with each new step in the company. Airbnb and Pandora would not be as successful as they are today without taking risks, even if they may have been calculated risks.

With that said, best of luck with your next venture. Don’t forget to check out this recap of Career Services’ #OLCChat on Tuesday about entrepreneurship, which contains some very useful advice from SFU Venture Connection!

Beyond the Article:

    • Check out this TED Talk from Daniel Pink about ‘The Puzzle of Motivation.’  He
       shares some insightful advice from his own experiences. He is also the author of
       “The Adventures of Johnny Bunko: The Last Career Guide You'll Ever Need” – a
         very popular book here at Career Services!

*Lead image: creative-commons licensed photo by Cristian CarraraImage resized & red block added by blog author.

Posted on March 06, 2014