Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
What if you could be your own boss in a business that relieves stress and brings joy and happiness to the lives of others, while making you great money? Is there really a job like that? Yes! At BusinessOpportunity.com, we have a business opportunity as an independent vacation...
Do you want to want to work for yourself and secure your future with unlimited income potential but don’t have a lot of cash to buy into a franchise? Do you want to learn about the social media marketing and use its power to earn money online? Then you need to check out...
Are you looking for a lucrative business opportunity in banking or financial services? You’ve come to the right place! At BusinessOpportunity.com, we have a plethora of opportunities that allow anyone the ability to open a business,...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free!
I-insureme
$$$ BUILD HUGE INCOME SELLING SOMETHING EVERYONE MUST HAVE $$$ Call our 24-hour message line at 301-276-5575 now!
Hempworx
Want to get into the Hemp business? Cash in on the emerging $7.1 Billion Cannabis industry! Act now-ride the green wave.
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
National Property Inspections
Flexible work schedule, no experience needed, and complete training and support available!
 
Resource Center > Article
Want to Be an Entrepreneur? You May Want to Hang Out with One First!
7 Nov 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

If there’s one thing that buying a business opportunity, franchise or any other proven business model has in its favor, it’s the fact that you’re surrounded, or at the very least have access to, other entrepreneurs who have some knowledge you might want and need and that they are willing to share. Maybe it’s no wonder then that going the established-track-record route has so much appeal for so many.

According to a new Kauffman Foundation study, that’s not surprising. In fact, its primary contention is that entrepreneurship is at the very least somewhat "contagious." That’s right, the study’s authors write, “The entrepreneurial instinct is, like many human behaviors, imitative.”

Citing many instances where humans become heavily influenced by what they observe others doing as the basic premise behind their theory, it turns out that there is a strong statistical likelihood that you’re more likely to become an entrepreneur if you know one. Observe others doing what you’d like to be doing successfully, the authors say, and odds are tipped in your favor that you’re an entrepreneur in the making.

“While we can’t determine specific causality, the association between knowing an entrepreneur and being one was significant and large,” the study found. Additionally and perhaps even more interestingly, men were more likely than women to become entrepreneurs if they knew entrepreneurs.

All of this speaks to a concept that we here at BusinessOpportunity.com have driven home many times before…having a mentor when you’re starting out in business—someone who’s been there, done that—is really important. But the expert advice that a mentor can provide is only one of the many benefits that can come from making a concerted effort to seek help from those who have walked the walk.

Here are some others to consider:

They’ll Tell It to You Straight

Buying a home-based or other business opportunity or small business is never smooth sailing at first, and having someone there to tell you when you’re doing things the hard way or the wrong way can save you a lot of time and money. Sometimes we don’t always want to hear what we need to, but in business it’s crucial to remain open, especially when the counselor is someone you respect and know you can trust.

They Know the People You’ll Want and Need to Know

Networking is a crucial part of startup and overall business opportunity or other small business ownership success, whether it’s to find the right partners, vendors, consultants or even experts to round out your team. Mentors who already have been successful in business for themselves have the contacts ready-made that you may very well want and need to get things going and keep growing over time.

They May Offer a Complementary Skill Set

No two entrepreneurs are exactly alike, so chances are that your small business mentor will have some expertise and innate skills that you simply don’t. When you’re looking for the right one, that may be something you want to consider. Looking for someone who isn’t just like you may be a plus. Combined you may just make an unbeatable team, and finally….

It Offers Great ROI...of Your Time

Finding a mentor is oftentimes a fairly risk-free endeavor. In fact, it’s almost always free or at the very least low-cost and requires little more than an investment of your time. If you do buy into a business opportunity or other established small business model, chances are that having a mentor to guide you comes along with the territory in some way, shape or form. But if not, there are many organizations out there to help where entrepreneurial mentoring is concerned. In fact, it’s usually a very large part of what they do as a matter of routine. Options include SCORE, the nationwide network of Small Business Development Centers and even your local Chamber of Commerce, among others.

The trick is to recognize that associating with people you identify with and who can both propel you in the right direction and serve as a positive and capable role model matters, and it matters a great deal. So be conscious about the kinds of people you surround yourself with if your ultimate goal is to become a successful entrepreneur.

Perhaps Colin Powell said it best…

“Never receive counsel from unproductive people. Never discuss your problems with someone incapable of contributing to the solution, because those who never succeed themselves are always first to tell you how. Not everyone has a right to speak into your life. You are certain to get the worst of the bargain when you exchange ideas with the wrong person. Don't follow anyone who's not going anywhere.”

For more on the Kauffman Study, click here on Getting the Bug: Is (Growth) Entrepreneurship Contagious now!

 

Related Blog Posts
30 Apr 18 Posted by: Todd Hatch
in Featured Articles
What if you could be your own boss in a business that relieves stress and brings joy and happiness to the lives of others, while making you great money? Is there really a job like that? Yes! At BusinessOpportunity.com, we have a business opportunity as an independent vacation...
24 Apr 18 Posted by: Todd Hatch
in Featured Articles
Do you want to want to work for yourself and secure your future with unlimited income potential but don’t have a lot of cash to buy into a franchise? Do you want to learn about the social media marketing and use its power to earn money online? Then you need to check out...
20 Apr 18 Posted by: Todd Hatch
in Featured Articles
Are you looking for a lucrative business opportunity in banking or financial services? You’ve come to the right place! At BusinessOpportunity.com, we have a plethora of opportunities that allow anyone the ability to open a business,...
29 Dec 17 Posted by: Margaret Mallonée
in Featured Articles

It’s time to wrap up the year, but before we do, we’re sounding off our Top 10 Blogs of 2017! Don’t miss these must-reads for entrepreneurs, mompreneurs, small business, and home-based business owners!

It’s the last working day of 2017, so it’s a great time to take a look back and reflect at...
1 Dec 17 Posted by: Margaret Mallonée
in Featured Articles

Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor