In order for there to be an introduction to my business journey journal curious entrepreneur magic, I needed a business and more importantly I needed a business idea. Next, the magic I chose to use for this idea came from a huge mound of dirt. Similar to the mountain of elevation in our Envision Dream design. For instance, this mound of dirt is symbolizing a business idea and how an entrepreneur will use their creative mind to make a profit off selling the dirt. On the other hand, they are taking on all of the risks of losing the dirt and their own money. Basically, balancing the risk of making money and losing money is what an individual must weigh out. This is also true with time. Specifically, time spent and time gained.
Curiosity is what get’s you to research and visualize an opportunity for greatness. However, you will need to understand the 4 types , 7 characteristics and 3 skills needed to be a successful entrepreneur. The magic happens when you decide to take that plunge and go for it. Watch our full video below on Introduction to My Business for more insight.
What is a business idea?
To have a business, I needed to have a business idea. For instance, Envision Dream became the idea I had in my head. Indeed, this was the starting point for my entrepreneurship. To be more specific, a business idea is a starting point for any current or future entrepreneurs. Furthermore, it is essential because it is the beginning of a new life. Above all, this is a lifestyle change because it is the life of your business and the life of your entrepreneurship.
What is an entrepreneur?
Now that I have a business idea, I have decided to start a new lifestyle with entrepreneurship. Specifically, I turned Envision Dream into a Limited Liability Company. Clearly, an entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Ultimately, entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, and continued growth opportunities
4 Types of Entrepreneurs
What Are the 4 Types of Entrepreneurship? Anyone interested in starting and running their own business should consider which entrepreneurial model they prefer:
- small business
- scalable startup
- large company
- social entrepreneurship
7 Characteristics of Successful Entrepreneurs
- Self-Motivation is one of the most important traits of entrepreneurs- you are your biggest critic.
- Understand What You Offer. You need to know what you offer, and how it fits into the market.
- Take Risks: Weigh out the pros and cons for taking the risks
- Know How to Network– connect with like minded people
- Basic Money Management Skills and Knowledge
- Flexibility-when you are flexible, you bend verses brake
- Passion– Your passion will push you to keep going even with the toughest of times.
3 Important Skills of a Successful Entrepreneur
- Adaptability
- Persistence
- Hard Work
Yes, adaptability, persistence and hard work are the 3 keys to success in a small business. However, they are also three important skills no matter what your endeavor is. First, we need to be able to adapt thru changes. Remember the tide changes every day. Specifically, low and high tides. Second, we need to be diligently persistent so that we are able to be comfortable with hearing the word “no”. Specifically, you will receive 5 “no’s” before you receive a “yes”. This is why persistence is important. Third, nothing is gained without hard work. It should be noted that nothing is gained and nothing is lost unless, you are willing to push yourself with sweat and tears kind of hard work.
Tips for How to Introduce your Business in a Letter
- Start with a bang. Open with a sentence that grabs interest and establishes a reason to keep reading.
- Introduce yourself in terms that matter to the person to whom you’re writing
- Tell the prospect what you can do for him or her
- Keep your letter short
- Make a clear point
- Edit and proofread
- Sign your letter
Below is an Introduction Business Letter for Envision Dream, LLC.
To Whom it May Concern:
Are you ready to see your vision and be your vision? Good, we are too! At Envision Dream, LLC a newly launched E-Commerce Store, we believe in visualizing possibilities for future opportunities. We want to help you be the vision you see in yourself. When we search for our life’s purpose, we begin to move toward a destination that will fulfill our Life’s journey. As we navigate different paths, we hope you Envision your own look, Capture your own style and Roam wild and free. Remember this is your Journey!!
Wishing you all the very best of envisioning your own dreams.
Sincerely,
Sheryl Peno
Owner and Creator
WATCH OUR FULL JOURNAL VIDEO DISCUSSION BELOW- Introduction to My Business Journey
If you are going through hell, keep going
Winston Churchill
Our next “My Business Journey” Journal Discussion is scheduled for January 12th, 2021 with the Topic: 3 Collections Live on Instagram @sherisdreamcatcher 8pm eastern standard time
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Opinion Disclaimer-This is a personal blog. Any views or opinions represented in this blog are personal and belong solely to the owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company or individual