This will sound contradictory but the same traits that make you a successful business owner could also cause you to fail. If you understand why, you won’t join the legions of entrepreneurs that had the drive and passion to succeed but ended up going back to work for somebody else.
It’s all about leverage and if you’ve never studied how this largely misunderstood word is pivotal to your success, now is the time. You probably learned about leverage in your high school science classes. Remember how simple machines like levers and pulley could multiply your strength? Leverage in business works the same way. If you multiply your resources, you gain an advantage and allow your business to grow.
Offbeat trends which could be potentially considered for hobbyist entrepreneurship at the minimum. Check these out below:
Vlogging: Now, YouTube has opened up a world of opportunities for entrepreneurs to let their creative juices flow; in the form of shooting videos, editing these, and using the whole YouTube platform as a platform to spread the right causes. In fact, notable Vloggers today even believe that actual monetization advantages could also be derived from the platform.
Being an officepreneur: Now, if you are in a scenario wherein you have a family business or simply have to head teams at the office for the first time; you could turn into an officepreneur to ensure that your team gets to make the best out of the healthy work environment (at office) which you create.
Hence, if you plan on recruiting millennials, it becomes imperative to ensure that the right kind of internal work environment is offered to them; by actively ding the designing part yourself. Ensure that you design the office environment in such a way that your team members become entrepreneurs themselves while they go about completing work tasks; and thereby riving revenue to your company.