Ready for Entrepreneurship?

Entrepreneurship is defined as the process by which individuals pursue opportunities without regard to resources they currently control. (Barringer, 2010, p.6) To me being an entrepreneur means having the ability to be creative, my own boss and be able to improve the lives of other people that are affected by my ideas.

Some of my earliest memories have an entrepreneurial value. As a child I was always seeking information and problems solving. I even dabbled in having a fruit stand and lemonade sales in the summer time. In high school, my friends and I were always coming up with different way to make money. After I turned 16, I was buying, fixing up and selling cars at a dealership rate. At 18 and friend and I bought a failing baseball card shop and figured out new ways to sell over a million baseball cards. By age 22 I was really on a roll and I stated a complete clothing line. We were able to quickly get nation wide exposure by promoting bands and musical artists. After seeing my own stuff on, MTV, VH1, David Lettermen’s show, Jay Leno’s show and several more, I knew we had something. Eventually went back to school, finished college and at age 27 I stated a small Fire preventing water pump company, which did pretty well right at the big California fire storm of 2007. Eventually I sold the company and the domain name for a very decent profit.

After which I went to work for a company made up of a group of individual DBA’s that sell a wide rang of products in various markets. They are basically a group of experienced entrepreneurs that all operate under one roof. I have worked on the online markets for numbers products while at the company, including the selling of E-cigs, Porsche rims, carbon fiber helmets, inferred thermometers and several more projects. Currently, I am just starting on a new project there that was my idea and my creation. This means not only will I receive a profit share, but I will also be an owner of this company/DBA should it be successful. It is still in the very early phases but I have received a great deal of help and support from some of the senior members at Spark.

Although I am 29 years old, I have had a descent share of business experience. I grew up in a family of entrepreneurs and small business owners. I graduated a few years ago with a bachelor’s degree in economics and I am now pursuing my MBA to push my business skill level even further.

“If you swing for the fences, entrepreneurship may be your best choice. If you prefer a consistent batting average, perhaps you should reconsider.” (Allen, 2010) What Scott Allen is saying here is that if you like and can handle risk, than you can be an entrepreneur, but if you prefer a steady income, you may prefer a different career. Personally, I like the risks and rewards that are involved with being an entrepreneur. However, all my risk taking has been very calculated, as I do not like to gamble. I have crafted my own life around the notion that I am a young entrepreneur. This has mean finical and time investment. I am always working, always thinking about the next big item. I often spend 10 or more hours working per day, just to go home and continue working on my own projects or educating myself about a new possibility. At the same time I do not have a family or other people relying on me to make a steady income. I have kept my personal expenses to a minimum, but I have never been afraid to invest my own money in my projects.

I have always been motivated, not by the money itself, but what the money from a successful project means. Making a great deal of money from an entrepreneurial project in our modern society usually means your idea was a good one and was at the right time. I have never been driven by money along but I am personally drawn to success. I strive to be successful and think I have an excellent chance at becoming a thriving entrepreneur.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reference:

 

Allen, S. (2010). Risk, reward, and entrepreneurship. Retrieved from http://entrepreneurs.about.com/od/becominganentrepreneur/a/swinging4fences.htm

 

Barringer, B. R. (2010). Entrepreneurship successfully launching new ventures (Third ed.). Boston: Prentice Hall.