How to be an Entrepreneur

Everyone dreams of being a self-made millionaire. But what does it take to get there? Drive, ambition, risk…just to name a few. In a world full of enormous competition, how does someone with a great idea or invention take the next step forward? Let’s have a look and see what we can find.

Want to follow along with the video or take notes? Check out the transcription of this video below.

[00:01] Many of us want to become entrepreneurs. Starting your own business is one of the biggest dreams of our times, but how do you get to be an entrepreneur? Most of the advice focuses on the practicalities, writing a business plan, raising money, finding staff, marketing and PR. We’ll go down a different route in our eyes, at the heart of successful entrepreneurship lie something oddly more abstract, an accurate insight into the causes of human unhappiness. To Be an entrepreneur means essentially to become an expert in the things that make life difficult for people. That’s because every properly ambitious business is in some way trying to fix things for other people and the bigger and more original what you’re trying to fix happens to be the more successful your business can be because consumer society is now well developed. It may be easy to think that all the big problems out there already have thousands of fixes anyway.

[01:02] Think of all those car companies or pizza or outlets or news websites. We surely have enough of everything. What could we possibly add to what’s already out there, but to get a sense of the vast opportunities that still remain in capitalism? All you need to do is ask yourself where and in what areas you’re unhappy. In the course of an average day, every unhappiness is really a new business waiting to be born. Your frustrations are nearly inexhaustible. Source of raw materials, out of which the businesses of the future can be built, so while there may already be plenty of breakfast, cereals and tee shirts and cell phones and cab rides for sale. There’s so much more that frustrates and depresses us. Think of how difficult it is to get on with one’s partner. Educate children, cope with anxiety. Discover what you want to do with your life.

[01:51] Find a nice place to live. Calm down in the evening. One could go on an on our griefs and irritations are endless. Thankfully for the budding entrepreneurs, the biggest first step to take towards entrepreneurship is therefore to learn to study your own unhappiness and what might possibly heal it for you and others. When profits decline in businesses. It’s really the result of too many people throwing themselves at trying to fix the same area because they can’t think of anything more innovative to do rather than start a new airline, mobile phone company or supermarket chain, and by contrast, healthy profits are a reward for understanding and mastering an area of human distress ahead of anyone else. Of course, ideas aren’t enough on their own. You need to take care of practicalities in money, but they won’t help you if you were original. Psychological insight into human unhappiness isn’t sound, and by the same token, if your insight into what makes people unhappy is razor sharp and your solutions bold than however difficult the journey your business will stand a high of making money and benefiting humanity too.

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