Elon Musk beats Jeff Bezos to be the richest person in the World. With ventures like SpaceX, The Boring Company, OpenAI, Tesla, Neuralink, and probably some more firms. Every company is unique to beat the monotony.
4 characteristics of entrepreneur for non-affluent
Start Early
Right Background
Be ready to take Risk
Act Affluent
Elon Musk was born to an Affluent family in South Africa. He moved to Canada and to the USA. He made his first billion by selling PayPal to eBay. Elon Musk is quite lucky in his starting days. He is a self-made Billionaire. The quality of entrepreneurship was in his blood. His guts to be different cannot come worrying about how to fulfill needs and live life.
Bill Gates was also a kid of an affluent family. His attitude to be an outlier rather than being usual comes from his affluent backing. Bill Gates had his mother behind him to think differently.
Many billionaires had some support from their affluent families. They don’t have to worry about the last penny.
I understand business is all about being resourceful, the ability to foresee trends, imagination, people person to succeed. Everything becomes easy if you are born with a silver spoon in your mouth and have easy access to financial capital. No one will throw away money to become an entrepreneur. It means that it eases the effort.
The competency of managing money and business comes with family roots.
Entrepreneurship is about the right decisions. These decisions are not during the firm inception. They start in a teenage. It is right the day you enter University for a Graduation degree. My Entrepreneur life had difficulties and I can give a commentary. Read through to set your entrepreneur’s mind.
Start Early
This might be tough since every teenager is busy playing in their life. Teenagers are unsure about life. Study tech or be an investment banker or detective? Nothing is sure about.
Being Affluent is different. Affluent teenagers invest in shares or probably start a lemonade shop.
Starting early can get you ready for adversity. It can help you make the right friends and take up the right education. Your early age sets the foundation of the entrepreneur.
The right choice of institute, course, or even university can help set your roadmap. It is about whom you are hanging around in your teenage, which will set your entrepreneurship. Many entrepreneurs studied at Harvard, Stanford, or from IIT & IIM of India.
To do this, don’t need to be from an affluent family, you need good grades.
Right background
Being in the right background and surrounded by the right people in need. When you start a business apart from your skills and traits, the most important is with whom you hang around.
No one is interested if you are wearing branded clothes, listening to which rock band or who you follow on Instagram. What matters how it helps your business venture.
How are you selling, producing, and financing your business is what your background will set?
Make the right choice of background.
Be ready to take Risk
Life issues are crazy. They can always hit you hard. It can be a liability that needs to serve. Be true to your relationship and its demand. Taking care of your loved ones. Saving small to pay for retirement. These are the reasons most of us opt for an easier life.
Start taking a risk at your early stage.
Fail fast and correct your strategy. Taking a risk at an early stage will not hit you hard. The impact will be lesser.
Act Affluent
Money is less issue now, with so many investors, incubators, seed funds, or crowdfunding. It lessens major problems.
The left out is with attitude, decision, and hanging around with the right people. This will help to be affluent without being one. Carry yourself with leading the way.
Entrepreneurship in the 21st century is the about right mindset. That can come even when you not affluent.
Just make sure you start early.