Is now a good time to be an entrepreneur?
This episode was inspired by an article that Wendy shared with Krystal on Apple News: The easiest businesses to start right now as a solopreneur
It sparked a lively Voxer conversation between these two partners – is now a good time to be an entrepreneur?
Despite the upcoming promises of recessions, we still believe the answer is YES. Listen to today’s episode to hear why.
But quickly – let’s start with the word “easy.”
Is anything really “Easy”? Not really. We are always really leary when someone says easy.
There is a lower barrier to entry for entrepreneurship these days. And we think that there are a lot of fabulous opportunities as an entrepreneur at any given time. But there area few things to consider.
It takes time to ramp up as an entrepreneur.
Overnight successes are few and far between. You need to know your runway, and you need to have things in place like start-up capital, etc to get started. Setting realistic expectations and setting realistic goals are imperative to have in place before you get started.
Ask what your gaps are.
You may have a brilliant offer, but you may need some help managing the back end of your business whether it’s social media management, or bookkeeping, marketing strategy, etc. There are a lot of things you may not even know that you don’t know. Hire your gaps. But you’ll need to have the capital to invest in education or people to help fill those gaps.
Know where you want to go.
It’s not enough to just open a business and hope for the best. How much money do you want to make? What are your operating expenses? Do you have money leftover to sustain the life that you want?
We are loving the shift in online business that is taking place in the online industry right now. It is such an exciting time to dive in, but “Easy?” Nothing worth it is ever really easy.