Entrepreneurs face many questions when they are just getting started. Forbes asks Adelaide Lancaster and Amy Abrams what they believe new entrepreneurs should do, and whether their business should grow quickly or stay small. Does their advice suit your own experience?
What reasons should an entrepreneur have when starting their first business?
This is the very first question that we encourage entrepreneurs to ask themselves! There are so many reasons to start a business: autonomy, creativity, increased earnings potential to name a few. . The beauty of entrepreneurship is that it gives you the opportunity to create a business that delivers what you want. There are a lot of ways that you can set up and structure your business, but they right way is the one that allows you to achieve your goals.
Why should entrepreneurs reconsider what size company they want to have?
Despite our super-size culture, we believe that bigger is not necessarily better. Conventional business wisdom encourages entrepreneurs to grow big and grow fast. But bigger businesses aren’t guaranteed to deliver bigger rewards or even the specific rewards you want. Instead, entrepreneurs ought to be clear about what they want the business to accomplish and what they want the business to provide them. Taking these two factors into consideration is a better way to determine the right size to grow your business. In order to be successful, a business doesn’t need to be big, it just needs to be big enough to achieve your goals.
Photo by georgpetschnigg
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