How to Be an Entrepreneur and Become Financially Independent

The evolution of the internet has opened a door to a lot of possibilities. Today, we not only have information and knowledge at our fingertips but even tools to become what we want. We can not only learn online but also earn good money. In fact, in the past few years, a lot of wealth has actually been created online. Take Jack Ma and Alibaba’s example. An ordinary man has not become one of the wealthiest men on earth, thanks to the internet. Well, we may not become another Jack Ma but we surely can do online business and become an entrepreneur. Since we have the internet, we don’t have to invest big or manufacture products to become an entrepreneur and become financially independent.

Twenty-five years ago, if you did not have money to invest or could not manufacture products, you did not have any chance to become an entrepreneur. However, after the evolution of the internet and development of platforms like WordPress, Woocommerce, and Shopify, the barriers to enter into the world of entrepreneurship have been removed. Platforms like WordPress, Woocommerce, and Shopify give anyone the power to become an entrepreneur without big investment or manufacturing products.

What exactly is entrepreneurship? How one becomes an entrepreneur?

By definition, entrepreneurship basically is an act of creating and building a business or business for generating economic prosperity. However, this definition is a bit limiting. Today, entrepreneurship is understood as something that can change the life of people, society, and country by creating products and services that solve problems, creates opportunities and transform lives.

You become an entrepreneur by creating a business, building the business, and generating profits. The basic idea behind becoming an entrepreneur is to create or generate wealth for financial prosperity. However, the entrepreneur also changes the lives of people by offering a solution to a lot of complicated things, making peoples’ lives easier, creating possibilities and opportunities for other people etc.

Well, the broader definition of entrepreneurship may not convince or attract everyone, however, the basic idea behind becoming an entrepreneur i.e. do a business and generate wealth might attract a lot of people.

These days it is quite easy to get started. All you need a little bit of knowledge on website building and some cash to get started. You don’t need to manufacture or acquire products to become an entrepreneur, you can refer buyers to a certain store and make money as an affiliate. If you don’t like affiliate marketing, you can create a dropshipping business and sell products without actually manufacturing or acquiring products.

Since you have free tools like WordPress and woocommerce, you can build your business with little money (domain registration, webhosting, and marketing). If you think free tools are restrictive, you can use platform like shopify to build your online store and sell products without actually acquiring and storing in your warehouse.

People choose to become an entrepreneur because they want to generate wealth without being controlled by another person. In other words, they don’t want a boss to manipulate their professional life. Financial independence is another reason why people choose to become an entrepreneur.

19 thoughts on “How to Be an Entrepreneur and Become Financially Independent

  1. A very useful article for a person who wants to start as an entrepreneur, lots of positive and needed points mentioned. Please keep on writing articles like this to motivate us and guide us
    Thank you

  2. This is a good article of encouragement for those who wish to start up their own business. There are many people out there looking for jobs and still with no luck. Rather than depending on others for jobs, have our own business. Many youths start their own business to gain knowledge, fame and profit.

  3. Great explanation. Finally understood what entrepreneurship actually is. I like the content. Keep it up!

  4. This is very informative and interesting article. I have planned to become a small business owner and starting a startup. The tips will surely help me a lot in initiating my entrepreneurial journey.

  5. A great article and good ideas for financial independence I work these ideas and try to apply them all True that everything in the beginning is difficult but by learning and training Thank you again I was pleased to visit your site

  6. Hi! It’s very interesting article about what many of us are considered: Entrepreneurs. And is interesting because there are many points of view of what an Entrepreneur really means. And always we can learn something new about this fascinating topic.

  7. that was helpful for me, thanks for sharing. I think that passion, creativity, and resilience are the most crucial skills in business. also, financial freedom is a great goal to achieve in this life !

  8. This article helped me to gain more knowledge and ideas thoroughly about a successful entrepreneur and got idea about different fields to gain skills, given confidence by creating awareness to become a financially independent person.

  9. I’m really interested in becoming an entrepreneur, but I cannot think of an idea. I don’t have much hobbies or passions..

  10. Entrepreneurs today have exploded thanks to technology like Shopify.many skills required to start a business.Calculated risk taking and entrepreneurship go hand in hand.

  11. Thank you for the tips. I started my business two years ago, but it didn´t work. Now that I think about it, I didn’t do some of the things you say in your article. I going to take your advices. Again thank you for encouragement me to keep traying.

  12. Thank you for the tips. I started my business two years ago, but it didn´t work. Now that I think about it, I didn’t do some of the things you say in your article. I going to take your advices. Again thank you for encouragement me to keep traying.

  13. This is very informative and interesting article. I have planned to become a small business owner and starting a startup. The tips will surely help me a lot in initiating my entrepreneurial journey.

  14. The risks of being your own boss are real, but so are the rewards. While you don’t need to wait for a “perfect” opportunity, because there is no such thing, you must be ready to accept 100% responsibility, because success or failure will come back to you.

    There is nothing like a business that has built from scratch to find its place in the world. And if that idea reaches the core of who you are and makes you want to get up and start something right now, you can be an entrepreneur.

  15. the way explanation is done here is quite elaborate, the person knows his skill. for person like us who still are in their colleges or people who just graduated, would be benefited.

  16. Entrepreneurship is the art to mobilize people to make the result, now, imediatly. This is the job of the future. We need to do our world better.

  17. In today’s world, Entrepreneurship has proved itself as a world-changing platform in all the involved fields. Any information about it is welcome to all who practice it, Thank you for the article.

  18. This is Usefull and interesting article for those who wish to start up a small business owner and new startup. This post is helped me to understand What is exactlly entrepreneur means. Great information for new starters and thanks a lot for such a informative post. Good Job

  19. I am in the process of becoming entreprenure so that i can be financialy independent . This article is so related to me. Walt disney part was so inspiring.

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