Module 1 – Being an Entrepreneur

In this module, we will focus on some of the most important aspects of being an entrepreneur, timing and overcoming fears. This module consists of seven lessons, all of which will help you understand our basic philosophy of low risk entrepreneurship. We want to encourage you to start a business by overcoming some of your most basic fears of entrepreneurship. Also, this module is designed to present our overall philosophy for all of the lessons that will follow.

Why be an Entrepreneur?

This basic question is worth a discussion. Why take the risk and work for yourself? Is it worth it?
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Entrepreneurs are the Rich!

This lesson should be very encouraging to you, because in this lesson we show you that in America, the rich are entrepreneurs. About 86% of all first generation millionaires in America are in fact entrepreneurs.
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Are Entrepreneurs Born or Created?

In lesson 3, we examine the long debated question of whether entrepreneurs are born or taught. In other words, are entrepreneurs born with a certain set of skills or can they be created? Academic research has focused on this topic for decades and people are still trying to make their own decisions about this important question. We at the School for Startups strongly believe that entrepreneurship can be taught. In fact, we’ve been teaching it for over a decade and have taught thousands of people how to become entrepreneurs.
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Now is the Time!

This lesson discusses the best time to start a business. We all know that in today’s down economy, the question arises, “Is it still a good time to start a business?” We will show you that today is the best time to start a new business. Starting a business when the economy is good can actually be detrimental to your new business, because it can be too easy. However, If you start a business during bad economic times and still succeed, you know that your process and products are well designed and will be positively received in an up market.
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The Role of Risk

Lesson 4 discusses the role of risk and entrepreneurship. Almost everyone thinks that entrepreneurs are risk takers and almost every definition of entrepreneurship somehow includes the idea of risk. This is incorrect, because the last thing we want to do is induce risk or uncertainty into our lives. We will try to show you that risk does not need to be a part of entrepreneurship, and if done correctly, risk can be avoided altogether.
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The Role of Creativity

Lesson 6 is about the role of creativity. Just as with risk, people will argue that entrepreneurs are by definition creative people. We will show you that this is not true at all, and that successful entrepreneurs need not be creative people. We will show you where to find new ideas, how to copy from others, and how to become more creative.
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Low-Risk Entrepreneurship

This final lesson is about defense. So many entrepreneurs focus on sales, the bottom line and cash flow, but fail to think about costs, savings and spending. Lesson seven shows the importance of careful cash control and monitoring your businesses outflows.
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