Starting out as an entrepreneur can seem quite daunting. However, all successful entrepreneurs were once beginners. Thomas Huling is a successful businessman who currently runs multiple corporations that he founded, both abroad and at home. He gives this advice to those just starting out as entrepreneurs:
•Decide on your industry. Thomas Huling has corporations in multiple industries. However, when you’re first starting out, it’s best to focus on one area. What are your interests and passions? Is there an area where you already have some education, experience, or certification?
Every entrepreneur has a first venture. It’s important to pick something that will hold your interest and has a good chance of being profitable.
•Get educated. Choosing an area in which you already have an education tends to be easier.
However, it’s never too late to become educated or certified in your industry of interest.
Education can be expensive, but just as often there are more affordable ways to learn the skills you need. Loans are also an option. After your venture is successful, paying off your loans will be no problem.
•Seek advice. Whether from the school or person you’re learning your needed skills, as a new entrepreneur it is of the utmost importance to get advice on how to proceed. It’s easy to make a mistake and lose your starting cash. Getting advice from someone more experienced is a great protection against this.
•Network. Thomas Huling has worked with some of the highest rated finance companies in his businesses. Networking can help you gain investors, learn, and break into a field. Who you know can be as important as what you know.