Some people are born entrepreneurs, others grow into them. Matt Rush, for instance, always believed that he was born an entrepreneur, but he quickly found that he had much to learn. Now well-established, he aims to teach others from his experience, his successes, and his mistakes. At the heart of that lies that entrepreneurs have to have a desire to achieve, and not a desire to make money.
How to Be an Entrepreneur According to Matt Rush
Rush recommends that everybody starts by considering why they want to become entrepreneurs. There are millions of possible answers to this, and none of them, except “for the money”, are the wrong answer. Most people also have multiple reasons why they want to be entrepreneurs. By having an understanding of why you want something, you will also have a greater vision in terms of what you need to do to achieve it. And, according to Rus, there are some key things that you must focus on as well.
There is a huge disagreement on whether or not you should have an education. People cite entrepreneurs like Richard Branson, who did not have a formal education before becoming successful (although he has been educate since). The flipside of that is someone like Mark Zuckerberg, who went to Harvard. An education is not the key to becoming an entrepreneur, but an ability to learn is. Whether you learn by going to a formal school or through personal life experiences doesn’t matter, so long as you have a thirst for knowledge. Entrepreneurs constantly develop themselves, constantly stay up to date with developments, and always learn new things.
2. Relationship Building
The second vital thing that all entrepreneurs are good at, is building relationships. A true entrepreneur is someone who sets up a business, builds it, and then moves on to the next one. This is why people like Branson and Zuckerberg are not actually entrepreneurs, but people like Warren Buffett are. Generally speaking, a first enterprise isn’t successful, but it isn’t meant to be. It is meant to be character building, both for the entrepreneur and for their partners. It is a chance to show who you are and how you cope with failures, what you are good at and what you are not good at. Most of all, it is an opportunity to build professional relationships and networks. When you then set up your second enterprise, those who you have impressed will be more likely to get onboard, to invest in your idea, and to join forces. And you then have to continue to grow that network for the next venture, and the next one, and the next one.
You also have to build a good name for yourself. Whenever you set up a new business, you will need to staff it. If you have a built a reputation of being a horrible boss, nobody will want to work for you and your next venture will be a failure. Relationships are hugely important to any entrepreneur.