Tens of thousands of Americans have a dream of owning their own business. For some, the idea of taking control of their worklife is a huge motivator. For others, it’s the desire to increase personal wealth that drives them. Whether you are looking to just replace your current income with an independent work life or are looking to be the next Bill Gates, you have to start somewhere. Here are five things you can do now to set yourself on the path to entrepreneurship.
1. Live Cheaply Starting a business guarantees you just one thing – you will be on a tight budget for some amount of time. It might be just a few months, it might take a year or so to build your company’s profitability, but your personal expenses will need to be under control before you start. Get in the habit of living cheaply now. Review your household budget (or develop one) and look for areas to cut back. Pay off credit cards, look for deals when you shop, clip coupons, find inexpensive entertainment options. The more you can control expenses now, the less stress you will be under during the early stages of your startup.
To read the full, original article click on this link: Put Yourself on the Path to Entrepreneurship » Wisepreneur: Creativity & Innovation for Entrepreneurs
