Be Your Own Boss!

We've previously discussed the necessity of education, but no matter your field of study, you'll eventually need to apply your knowledge. Transforming your knowledge into a profitable venture is essentially what business is all about.

I personally believe there is no need to study business as a separate subject for several reasons:

• It is practical knowledge best gained through experience.
• It isn't complex enough to warrant dedicating three precious years of your life.

Regardless of your field—be it dentistry, medicine, politics, acting, or the arts—you must learn how to monetize your skills. Thus, understanding basic business concepts is essential. Becoming proficient in business isn't as daunting as it may seem.

Every individual needs both social and personal growth, which you can't fully achieve if you're perpetually dependent on someone else. Initially, you might work for someone else, but eventually, others may work for you. It's normal for your ideas to generate profit for your employer when you work for someone else. This cycle is how you learn the ropes until you can leverage others' efforts for your own benefit, a skill that only comes with practical experience—not from any college.

If you decide to venture into starting your own business, you'll need the following qualities:

• Motivation: Essential for any endeavour, most business people have an innate need for continual work and self-improvement.
• Competitive Nature: Successful business figures are typically very competitive, always striving to be the best.
• Self-discipline: Unlike employees, business owners don’t have supervisors to oversee their work. They must manage their own schedules and work diligently without oversight.
• Determination: Effective entrepreneurs quickly assess situations, devise plans, and take action without wasting time on indecision.
• Optimism: A successful businessman believes in his eventual success, whether today or tomorrow.
• Courage: Starting your own business, especially when you begin to face financial obligations, requires a great deal of bravery.
• Delegation Skills: You can’t handle everything yourself. Successful leaders delegate lesser tasks to competent others to focus on critical responsibilities.

Aspiring to start your own business? Often, a strong desire and a solid idea are all you need. Many successful entrepreneurs don't necessarily possess all the skills listed above right away. If you have a viable idea and the determination to see it through, don't hesitate. Good luck!