There’s never been a better time to pursue entrepreneurship as a career. Today, you can find just about any online business and personal development course. Take a few minutes to sift through the countless courses out there, and try not to get overwhelmed by the choices.
In this post, we’ll help you determine what type of entrepreneur you want to be, discuss some pros and cons of entrepreneurship, and give you the tools to find the best online entrepreneurship courses.
Determine What Type of Entrepreneur You Want to Be
“Entrepreneurship” is a catch-all term that involves the process of developing and running a business. The courses you take will largely depend on what style of entrepreneurship you’re pursuing and the type of business you’re running.
Some entrepreneurial styles will resonate with you more than others. Here are some brief overviews of the most common types of entrepreneurs:
Small Business Entrepreneurs
Most entrepreneurs will fall into this category. Small business owners are generally looking for profit that earns them an income to support themselves, their families, and their lifestyle. They aren’t as interested in making large-scale profits or seeking venture capital funding.
Many local businesses are included here, like grocery stores, hair salons, specialty shops, and handyman services. Other small businesses can include e-commerce stores or smaller online brands.
Large Business Entrepreneurs
This type of entrepreneurship is suitable for advanced professionals who thrive in an executive or corporate environments—think of brands like Apple, Walmart, and Disney. A small business can eventually grow into a large one as they provide goods and services that meet consumer demands on a large scale.
Are you an inventor? Do you like solving problems? An innovative entrepreneur is a person who regularly comes up with new ideas and inventions and pursues them as business opportunities. One of an innovator’s driving motivations is improving people’s lives through the use of their inventions, like Thomas Edison and the light bulb.
Hustlers are not easily defeated and are willing to do whatever it takes to achieve their goals. These entrepreneurs put in consistent effort to get the results they want. Rather than throwing money at it, they’ll grow their business through sheer determination and hard work.
Hustlers are often willing to do things other entrepreneurs won’t do. Hustlers will demonstrate their determination by cold-calling until they make a sale or posting daily blog articles until they reach their financial goals.
Buyers and Investors
Instead of constantly grinding away at a goal as hustlers do, buyers use their wealth to grow their business ventures. They have an eye for identifying great opportunities and then investing in them for a profit. You may want to acquire an already established business or use your capital to start or grow your own business.
Attributes of a Successful Entrepreneur
Becoming an entrepreneur can be highly rewarding. But to be successful, you have to exhibit some specific attributes.
For starters, you have to be willing to take risks. You aren’t guaranteed a steady paycheck as an entrepreneur, and you even risk losing some of the money you invest. This can be especially frustrating to new entrepreneurs who don’t see any tangible results in the beginning.
But keep at it. A successful entrepreneur is patient and hard working. They have to stay optimistic about a project while remaining logical each step of the way.
READ MORE: 4 Steps To Becoming a Better Entrepreneur
Pros and Cons of Becoming an Entrepreneur
Entrepreneurship can yield high rewards, but you may have to put up with some negatives as well. You should weigh the pros and cons if you decide to go down this path.
- You work for yourself
- Lets you follow your passion
- Potentially more lucrative than a regular job
- More freedom to do what you want
- Flexible schedule
- More leadership experience
- Work from anywhere you choose
- Build a business based on your personal ethics
- Higher sense of pride and accomplishment
- More difficult and stressful than a regular job
- Higher risk of losing money if the idea or project fails
- You may go without pay for extended periods of time, especially in the beginning
- Returns may not be as high as hoped
- Requires sacrificing free time
- Can be a lonely experience
How to Find the Best Entrepreneurship Courses
Entrepreneurship requires a lot of investment and learning, and taking courses can help you navigate this world. But finding the best online entrepreneurship courses can seem daunting. Here are some key things to consider before taking an online course:
- Where you are in your entrepreneurial journey – Some courses are designed to be introductory courses for beginners. If you already have plenty of experience, you’ll want to enroll in a course that’s more suited to your level. If that’s you, then grabbing one of these courses is a great starting point.
- How much the course costs – Learning is an investment, and some courses have a higher asking price than others. You must decide if the course will be worth that investment, or if you’ll pass.
- Course format – What format does the course take? Some online courses give you unlimited access to their materials and let you learn at your own pace. Others are based on a schedule and have assignments with deadlines.
- Group settings vs. one-on-one – By design, some courses let you have direct one-on-one meetings with the instructor, while others are more collaborative in nature. A great course will put you in a community with other like-minded people pursuing the same goals.
READ MORE: 10 Questions to Ask Your Financial Advisor
Researching Sellers and Their Courses
Once you’ve determined your entrepreneurial path, it’s time to look into courses. There’s no shortage of them out there, and many claim that they’ll help you create a career in entrepreneurship. So how do you distinguish the good ones from the bad?
Here are a few tips to help you sort the legitimate courses from the less-than-stellar ones:
- Make sure the course will help you – You have to identify whether or not the course will help you achieve your goals. A course about dropshipping isn’t going to help you when it comes to investing in the stock market.
- Research the instructors and their brand – It’s hard to trust someone selling a course when they don’t have authority. Take time to research the instructors and read their “about” page. Do they have a proven track record and an established following? What credentials? Have they helped solve their community’s problems?
- Look at past testimonials – Take a look at the testimonials associated with the course. The person giving their testimonial should be able to offer specific information about the course and the instructor. Take time to watch multiple video testimonials.
- Read reviews left by people who took the course – One of the biggest indicators of a course’s quality will be the number of positive reviews. See what real people say about their experience and their results from the course.
These are all great indicators of the course’s quality. Take the time to investigate the course—it could be the difference between wasting your money or becoming a world-class entrepreneur.
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Want to learn more? See how Derek has changed the lives of countless entrepreneurs like you.