✏️ Defining Entrepreneurship: Beyond the Stereotype
The term “entrepreneur” is overused and lacks a clear definition.
Entrepreneurship is not just about being self-employed or starting a business.
Many people creating significant changes are not considered entrepreneurs, such as engineers, scientists, and innovators working for companies.
The key is to find work that allows you to excel at your strengths, enjoy what you do, and earn a good living.
🔮 Emerging Opportunities in the Next Decade
According to futurist Peter Diamandis, the world will see as much change between 2022-2026 as it did from 1900-2000.
New technologies and industries, like Web3, are creating vast opportunities for disruption and innovation.
Aspiring entrepreneurs should look for emerging fields and niches, rather than following the crowd.
🕰️ Building a Business While Maintaining Stability
Don’t quit your day job when starting a new business. Ensure you have a stable income and can meet your basic needs.
Dedicate evenings and weekends to working on your side hustle or new venture, while continuously learning and improving.
Avoid doing what everyone else is doing, as it will be more challenging. Look for underserved niches and emerging opportunities.
🤑 Exploring Alternative Income Streams
Coaching is a growing field, with more companies seeking coaches for their employees.
The crypto and blockchain space, particularly areas like NFTs and DAOs, present interesting opportunities, but require a long-term perspective and caution.
Don’t wait to have a fully defined business idea before registering your company. Start testing and iterating early on.
💪 Overcoming Challenges and Failures
The author’s early venture, Blink Life, was a failed attempt at an early social media platform.
Despite this failure, the company kept testing, innovating, and eventually found success in selling meditation products online.
Adopting a growth mindset, where the focus is on learning and development, can help entrepreneurs navigate the ups and downs of the entrepreneurial journey.
