Hey everyone!
I am a new joiner (as of yesterday) to this forum and I guess you can call me a wantrepreneur. My biggest problem is knowing where to focus my energy and attention as I have several interests. Let me explain.
I graduated from college last year and landed a "sweet" position with one of the Big 4 accounting firms as a consultant. Except that I have come to find out, working for the man isn't all that sweet! I have always had an entrepreneurial bug in me, but falsely assumed the corporate world was how I could build skills while retaining job security and benefits. Over the past year, I have read books, articles, blogs, forums, watched Ted Talks, Tony Robbins, and other videos - all of which have completely changed my mindset. While I enjoy my job, I no longer wish to move up the corporate ladder and I'd rather create my own destiny. I want to develop a set of skills that will allow me to run businesses to ultimately help people solve their problems (which is why I chose consulting). I now believe the only viable way to do that quickly and efficiently is to start businesses myself (not to mention it will be FUN).
I am not so concerned with the "How" to start a business as I have always been able to figure out how to do something via finding mentors, self-education, and trial and error. I am more concerned with where to focus my time and energy.
For instance, I am halfway through my CPA exam. Once I have that certification, I plan to open a tax practice. I provided tax prep services this past year, but I want to focus on tax consulting in the real estate niche. The issue is that service isn't very scaleable and accounting as a whole has been commoditized.
I also want to get in to commercial real estate. I want to learn how to raise money, how to structure deals, and how to handle investors. I really think commercial real estate would be a ton of fun.
Lastly, as @IceCreamKid, @JackEdwards, @JasonR, and @zend***phin commonly speak to, I want to contact 100 people in an industry (I have yet to choose one) and ask for interviews in an attempt to identify their pain points. I like this idea as it will allow me to expand my knowledge of said industry while simultaneously working to develop a solution to a problem.
Before you ask if I have taken any action, I have, though not in the traditional sense. I have networked with several people in both the tax and real estate industries. I have joined forums and educated myself which is a perpetual process as I believe no one person can have "too much" education. I have made friends and created mentor/ mentee relationship with various people in the fields mentioned above.
My number one problem is: how to know what business venture to focus my attention on? As @MJ DeMarco said, you can't succeed with the "grass is greener" mindset. I want to focus my attention on one or two opportunities, I'm just not sure how to decide which one. While I am motivated by making money, I am more so motivated by solving someone's problem. That work is what gives me an adrenaline rush.
Please note I am not asking anyone to give me a guide or walk me through starting a business. I'd just like to hear advice and personal experience related to how you go about choosing what business venture to pursue.
Thanks in Advance,
B
I am a new joiner (as of yesterday) to this forum and I guess you can call me a wantrepreneur. My biggest problem is knowing where to focus my energy and attention as I have several interests. Let me explain.
I graduated from college last year and landed a "sweet" position with one of the Big 4 accounting firms as a consultant. Except that I have come to find out, working for the man isn't all that sweet! I have always had an entrepreneurial bug in me, but falsely assumed the corporate world was how I could build skills while retaining job security and benefits. Over the past year, I have read books, articles, blogs, forums, watched Ted Talks, Tony Robbins, and other videos - all of which have completely changed my mindset. While I enjoy my job, I no longer wish to move up the corporate ladder and I'd rather create my own destiny. I want to develop a set of skills that will allow me to run businesses to ultimately help people solve their problems (which is why I chose consulting). I now believe the only viable way to do that quickly and efficiently is to start businesses myself (not to mention it will be FUN).
I am not so concerned with the "How" to start a business as I have always been able to figure out how to do something via finding mentors, self-education, and trial and error. I am more concerned with where to focus my time and energy.
For instance, I am halfway through my CPA exam. Once I have that certification, I plan to open a tax practice. I provided tax prep services this past year, but I want to focus on tax consulting in the real estate niche. The issue is that service isn't very scaleable and accounting as a whole has been commoditized.
I also want to get in to commercial real estate. I want to learn how to raise money, how to structure deals, and how to handle investors. I really think commercial real estate would be a ton of fun.
Lastly, as @IceCreamKid, @JackEdwards, @JasonR, and @zend***phin commonly speak to, I want to contact 100 people in an industry (I have yet to choose one) and ask for interviews in an attempt to identify their pain points. I like this idea as it will allow me to expand my knowledge of said industry while simultaneously working to develop a solution to a problem.
Before you ask if I have taken any action, I have, though not in the traditional sense. I have networked with several people in both the tax and real estate industries. I have joined forums and educated myself which is a perpetual process as I believe no one person can have "too much" education. I have made friends and created mentor/ mentee relationship with various people in the fields mentioned above.
My number one problem is: how to know what business venture to focus my attention on? As @MJ DeMarco said, you can't succeed with the "grass is greener" mindset. I want to focus my attention on one or two opportunities, I'm just not sure how to decide which one. While I am motivated by making money, I am more so motivated by solving someone's problem. That work is what gives me an adrenaline rush.
Please note I am not asking anyone to give me a guide or walk me through starting a business. I'd just like to hear advice and personal experience related to how you go about choosing what business venture to pursue.
Thanks in Advance,
B
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