Entrepreneurship / Self Business
If you don’t want a job, you can start a business and become an entrepreneur. It carries risk—but once successful, wealth creation can be rapid.
Try building a business at least once in your lifetime—step out of your comfort zone. There’s abundant guidance online. Wishing you the best!
Why entrepreneurship?
- Upside: Autonomy, impact, and scalable wealth if you solve a real problem.
- Reality check: Income can be volatile; expect uncertainty and long hours at the start.
- Mindset: Treat it like an experiment—iterate fast, learn from customers, manage risk.
Simple first steps
- List problems you understand well (your domain, community, or past work).
- Validate demand with 5–10 real customer conversations; collect objections.
- Define a Minimum Viable Offer (MVO): what value in exchange for what price.
- Start small: landing page + simple demo; take pre-orders or pilots.
- Track basics: CAC, LTV, gross margin, payback period, and runway.
Risks to plan for
- Insufficient demand or product–market misfit.
- Cash-flow crunch; late receivables; under-capitalization.
- Regulatory, compliance, and tax obligations.
- Founder burnout; key-person dependence; hiring mistakes.
Suggested books to read
The Art of the Start
by Guy Kawasaki
Rich Dad Poor Dad
by Robert T. Kiyosaki