3 guaranteed ways of becoming an entrepreneur

You have a breakthrough technology – This is perhaps the most celebrated form of becoming an entrepreneur. Names of great inventors such as; Henry Ford, Thomas Edison, Larry Page and Sergey Brin of Google, Mark Zuckerberg of facebook, Elon Musk of Tesla, Bill Gates of Microsoft, and of course, the legendary Steve Jobs all come to mind. These are extraordinary people whose inventions have moved the world forward.

They have literally changed the way the world works through their breakthrough technologies. Entrepreneurs in this category are the exceptionally gifted minds. When people think of the word entrepreneurship, they are the very first kinds who come to mind, naturally. Permit me to say this; they are the standard when it comes to entrepreneurship. Their breakthrough inventions are not response to existing market needs. Rather, they just create new needs and new markets that absolutely never existed.

Their ability to invent breakthrough technologies often leaves the rest of us to wonder if we could ever become an entrepreneur. The impact they make in the world as a result of their breakthrough technologies, make the rest of us seem like we are just playing. We cannot help it but to wonder if we could ever accomplish such feats in our life time. I don’t know about you, but I certainly ask myself this. I mean, these people are simply out of this world, they literally invent the future!

You have an idea – Closely following the people who become an entrepreneur by creating new business ventures from their breakthrough technologies are those with great business ideas.

They don’t invent any breakthrough technology, they simply think up breakthrough ideas that completely change the way a product or service or industry works. These breakthrough ideas are then translated into new business ventures. As a matter of fact, their ideas are usually a radical improvement or alteration of an already existing business model. They literally turn the old on its head and come up with unusual ways of solving the same problem faster, better or cheaper than all the existing players in the market.

Their genius lies in thinking up new ways of combining different processes or approaches of solving a particular problem or creating a particular product or delivering a particular service. Popular examples include; DELL, Fedex, eBay, Wal-Mart, McDonalds, CNN, SouthWest Airlines, Starbucks, Amazon, Spanx, etc.

You have a passion – The last, but certainly not the least way of becoming an entrepreneur and starting your own business venture is by having a passion. Of all 3 ways of becoming an entrepreneur, this is perhaps the easiest entry level for everyone. Anyone willing to take the initiative and risk entrepreneurship requires will do just fine with this 3rd option. This is the kind of entrepreneurship for the rest of us! When compared to the other two options, it is far less intimidating to become an entrepreneur by starting a new business venture around your passion.

The first requires a great level of creative genius in a particular field. The second requires a great level of insight and opportunity. All living souls have passion. It is there whether you choose to admit it or not. People who become an entrepreneur by starting a business around their passion are seemingly ordinary people who do what they do extraordinarily well.

Conclusion

As you might have now realized, there isn’t anyone who can’t become an entrepreneur. The problem in most cases is trying to become a different kind of entrepreneur following a path you weren’t created to function. Finding your own category of entrepreneurship is crucial to your entrepreneurial journey.

You shouldn’t force your way into a category you don’t have what it takes to function, rather, flourish in your category. Nevertheless, there’s no law that restricts you to any one of these 3 ways of becoming an entrepreneur. I wrote this unusual article to point out that there are other approaches to becoming an entrepreneur, than you might be aware of. What’s most important is that you know which one of them you started or is starting your entrepreneurial journey on. And make sure you enjoy the ride; after all, no one forced it on you!

Tito Philips Jnr. is a young Nigerian that is M.A.D – Making A difference