Becoming an entrepreneur

Let’s imagine we are employees, dreaming about becoming entrepreneurs.

Maybe we have outstanding ideas. Maybe we know something or can do something, and we assume that there are people ready to pay for our knowledge and skills.

Business Model.

What should we start with?

With a business model, of course.

The model of how to produce value, how to inform people about this value and how to get paid for the value you delivered.

At this point, the situation gets complicated. Very complicated.

Why?

1. We actually do not understand our actual value quite yet.

2. We do not know what is the efficient way to communicate our value to “the people”.

3. We never know how many people are there, which would pay for our value.

4. And we can barely imagine what is a fair (or competitive) price.

The Real Truth.

The truth is, that we almost always start from nothing.

Meaning, we will spend a considerable amount of money, attention and energy, before we even understand how our business model works and start building it.

We will be burning our vital resources in a situation where we actually do not know if our idea is even going to work.

And if we are going to get enough income to cover expenses plus return on investment.

Black Hole Paradox.

Starting something new – it is like throwing a whole bunch of valuables into a black hole, having nothing but hope that we will still get something back.

The bigger the project is, the bigger and deeper this black hole appears to be.

The paradox is, that we do not ask ourselves how much we want to earn from our business endeavour.

We ask ourselves how much we are ready to burn.

So the question is simple – will we be able to generate enough return before we run out of resources.

Life is Unfair.

As we can see, becoming an entrepreneur has nothing to do with motivation, inspiration and believing in ourselves.

It is about our ability to work under pressure in the position of a total obscurity.

Besides that, modern capitalism works in a way to promote big capital and to suppress small, local entrepreneurship.

Before we start any business activity, get some basic ideas straight: we are on our own and we are the only one to rely upon.

If we want some help or assistance – we need to be ready to pay for it. Yes, it is unfair.

At least from our point of view.

The Good News: self-organization.

The good news is, that our ability to work in darkness and under pressure is a skill which we can develop and grow.

Self-organisation is the key.

As only we create a habit of setting up tasks and getting them done, we create the engine to move toward our bigger objectives. Obscurity becomes categorised and pressure becomes portioned.

We become able to beat chaos with order.

The more reliable our inner engine is, the steadier is our performance and the higher are chances of getting a desirable return.

ByCycle Working Tool.

In ByCycle, all our efforts are organised in a very simple and ergonomic way.

If we want to be an entrepreneur then ByCycle work planning application is the best tool for that.

Just give it a try, and see how it works for you.

NB! Use browser version for registration. Our mobile version is under development now.