How to become an Entrepreneur

An entrepreneur is a broad title and can refer to people in many different industries. The traditional view is of someone who establishes a business, often as a start-up, and builds it to success. Once the business develops and involves more employees, the entrepreneur will often take a position as a manager or high-level executive. Depending the trajectory of the company, the entrepreneur may then become a board member for the corporation.

Personal requirements of a Entrepreneur

  • Critical Thinking
  • Attention to detail
  • Strong communication skills
  • Patience
  • Ability to work to deadlines
  • Ingenuity and creativity
  • Strong oral and written comprehension and communication
  • Conceptual

Education & Training for a Entrepreneur

There is no one course or qualification that will create an entrepreneur and many have no formal business qualifications, or any qualifications at all. The nature of starting a business means a steep learning curve, with entrepreneurs learning as they build and grow their business. An entrepreneur should be relatively knowledgeable about business administration. Undergraduate qualified entrepreneurs may also pursue postgraduate study, with an MBA being a popular choice for business founders. For further details, visit and

Duties & Tasks of a Entrepreneur

The key role of an entrepreneur is to nurture the beginnings of the business, using their skills, motivation and acumen to push it past the early obstacles. An entrepreneur will use their logic and reasoning skills to identify the strengths and weaknesses of solutions, conclusions or approaches. Entrepreneurs appear in every type of industry. From the medical profession to retail, entrepreneurship requires a good idea and the motivation to see it through to fruition. In the beginning, an entrepreneur will be responsible for marketing and advertising, finding investment capital, creating and delivering the product or service, and every function of the business. An entrepreneur will need to have the conceptual thinking skills to validate their business idea, or work with someone who brings those skills. A shortfall in the skills needed means that entrepreneurs often work in pairs or teams to build their business.

Working conditions for a Entrepreneur

Entrepreneurs can come from all walks of life and create a new business at any age.

Employment Opportunities for a Entrepreneur

Being an entrepreneur doesn’t offer a single, defined career path and job websites won’t have any listings for “entrepreneurs”. Becoming an entrepreneur requires a business idea and vision, as well as a high level of self-motivation. A successful entrepreneur will have independence and flexibility, and will direct all business actions for a company.

Employment by state:

Education level:

Age brackets:

15-19 - 0.1%

20-24 - 6.1%

25-34 - 26.8%

35-44 - 22.6%

45-54 - 19.5%

55-59 - 8.2%

60-64 - 7.1%

65 and Over - 9.5%

*The data above is sourced from the Department of Employment’s Job Outlook website.

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