Innovation. Globalization. Celebration!

Practical Resources For Becoming an Entrepreneur

Many people around the globe ask me ‘How do I become an entrepreneur?’ or ‘What resources are there for becoming an entrepreneur?’ Some people are just starting out, while others want to transition from their current careers and situations.

Being and entrepreneur can be fun, but it is also risky and challenging. Big changes are like an adventure. Massive changes are very challenging. It takes a lot of time and effort to do well in one discipline or field. It takes a different level of dedication to be able to build more layers on top of that and juggle many disciplines well.

My entrepreneurial journey is quite a co-incidence. While working as a lawyer and undertaking other roles in many countries, I participated in my own and family international businesses. En route to becoming a law professor, I realized that more entrepreneurship experience was required on my part to fully assist bright law students reach their full potential. My explorations lead to many exciting paths from real estate, venture capital to technology. These natural increments progressed to innovation, new product development and globalization.

Today we have many products and innovations in progress and incubated in different areas of the globe. While I am still learning and transforming as an entrepreneur every day, I just wanted to share some experiences before we launch into our GlobePreneurs Win Interview Series, per the request of many people around the world.

Amazon

The following are some (basic) practical resources and suggestions for becoming an entrepreneur:

1. Successful People: I learn a lot from successful people, especially when they share their words of wisdom, techniques, experiences online, in print etc. e.g. Richard Branson, Elon Musk etc.

2. Interviews: Many startup and company owners like to share their journey and wisdom. Hopefully our GlobePreneurs Win Interview Series will provide some great insights, advice and inspiration for aspiring entrepreneurs and GlobePreneurs.

3. Entrepreneurship Magazines: There are usually lots of helpful materials available on entrepreneurship and business magazines such as Forbes, Huffington Post, Inc., Entrepreneur etc.

4. Formal Programs: There are many Startup accelerators and programs that help you with startups. e.g. The Founder Institute http://fi.co

5. Events: There are on-going conferences, seminars, networking events etc. There are also online events like hangouts and live chats/streams etc. You never know who you may meet online or otherwise!

6. Books – Some suggestions of recommended reading include:

‘The Fountainhead’ by Ayn Rand – Self-made billionaire Mark Cuban states that ‘this book is required reading for every entrepreneur.’

‘Business Adventures’ by John Brooks – This became Bill Gates’ all-time favorite business book after Warren Buffett recommended it to him in 1991.

‘Benjamin Franklin’ by Walter Isaacson – Elon Musk, the billionaire CEO of Tesla and SpaceX, says this book is one of his all-time favorites.

‘Think and Grow Rich’ by Napoleon Hill – Daymond John, cofounder of clothing business FUBU and investor on ABC’s hit pitch show ‘Shark Tank,’ indicated that this book changed his life.

Ebay

7. Networking: This is a continuous process to build relationships, which may open doors for collaboration, introductions, exposure etc.

8. Experience: It is good to try a diverse range of projects. That will help you work out your passions, strengths, weaknesses etc. If you ‘fail’ or have some imperfections, that is ‘perfect as it is.’ Failure is essential for success in entrepreneurship. If we have not failed we have not been innovative enough. It is easier to be safe and not try new things. Most entrepreneurs who are successful e.g. Mark Zuckerberg, Oprah Winfrey, Steve Jobs etc. have had their fair share of ‘failures.’ It is what we learn and how we carry on from failure that is important. I would not worry about ‘failures’ in entrepreneurship but rather see them as part of the journey to success!

Best wishes for a successful entrepreneurial journey! Please feel free to reach out and share your thoughts. Thank you for joining this amazing journey with us!

What aspects of this article did you find helpful? What are your suggestions for future interviews and features? Please feel free to send suggestions to and enjoy life to the fullest around the world with Hon. Pauline Truong on Facebook, LinkedIn, Instagram and Twitter!

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116 Comments

  1. robin rue robin rue
    April 12, 2017    

    I love reading other people’s interviews. I always get great information from them.

    • April 13, 2017    

      cant agree more, very much so with Networking. How so very important. My wish to you is only of success, love and prosper…continue to inspire

  2. April 12, 2017    

    I have to say, this has so much great information. I personally learn the most from people who do the same type of things as I, and failure. Failure has taught me the most and hardest lessons, and while not entreprenurship but life lessons, I can usually apply them to other areas of my life.

  3. April 13, 2017    

    Thanks for sharing these tips. I have gone through them and i found them so helpful.

  4. Ema Ema
    April 13, 2017    

    Thank you for the tips darling! Never give up! ‘! 😊

  5. April 13, 2017    

    Hi, I do have a question, Do you maybe have advice in finding investors when starting a new business or know any articles that could help?
    Also From all the tips I think Networking worked the best for us 😉

  6. April 13, 2017    

    These are excellent tips. I love listening to podcasts, I have learned so much this way. It’s smart to take the time to learn from those who have already learned so many valuable lessons.

  7. April 13, 2017    

    Nice long read. Thanks for the tip.

  8. Jan Jan
    April 13, 2017    

    Thank you for sharing this Timely Post. I’m just taking my first tentative steps so this post has been really informative.

  9. Tina Gleisner Tina Gleisner
    April 13, 2017    

    Love how you remind people that there are great resources offline, that the world doesn’t start or end on this crazy place called the Internet.

  10. Jay Simms Jay Simms
    April 13, 2017    

    I am building up a side business. These tips are great and can help me build up.

  11. April 13, 2017    

    Great Guide. I really liked the your article. I want to be a successful entrepreneur and to fulfill that I already started my journey online business. Online communities & resources helping me a lot to understanding the complex things involved in the process. I will try to implement few steps stated in the article.

  12. April 13, 2017    

    I will keep these tips in mind for sure! I love the quote!

  13. April 13, 2017    

    I think to be successful you have to fail a few times. The key is trying again.

  14. April 13, 2017    

    These insights fit for general career development, as well. My husband’s biggest career enhancement is rubbing shoulders with talented people. Great suggestions. Thanks

  15. April 13, 2017    

    My team was fortunate enough to be accepted in the Techstars Accelerator Program. It was amazing. We learned so much in that three months and our network grew beyond what we ever expected. But I agree, getting started is hard. It’s really difficult to know where to begin. My advice is to just start talking about it to as many people as possible. That’s what lead us in the right direction.

  16. Alayna Alayna
    April 13, 2017    

    I’ve never picked up Ayn Rand but I really need to get around to it. Thanks for this list!

  17. April 13, 2017    

    Entrepreneurship is a gift, but also hard work. Thanks for your tips. 🙂

  18. April 13, 2017    

    Wonderful tips! We can use these for the new business we are creating! Thanks for sharing

  19. April 13, 2017    

    I once worked for one of 2015’s ten worst entrepreneurs. It’s so important to continue learning! Until you’re the one everyone wants to hear from, it’s a good idea to look at these tips.

  20. April 13, 2017    

    I think the most important two are definitely networking and experience. Not just for entrepreneurs, but for any work.

  21. April 13, 2017    

    I think that learning from other people’s experiences is a great tool, which interviews and books can tie into as well. I have nothing but the best things to say about networking too – it has helped just as much – if not more!

  22. April 13, 2017    

    Great article – these are definitely great resources for the entrepreneurial journey! I’ve read Think and Grow Rich too, and that book is amazing!

  23. April 13, 2017    

    These are great tips! I think networking is a big part of becoming a successful entrepreneur. Making those business connections can open so many doors.

  24. April 13, 2017    

    These are great tips and this post was very informative. I made some great notes so that I can implement these tips

  25. eazynazy eazynazy
    April 13, 2017    

    i have been through them and found this post really helpful,thanks for sharing

  26. April 13, 2017    

    I love watching successful people. However, I have learned that what worked for them won’t always work for me. I must make my own way!

  27. April 13, 2017    

    Thanks for these great reminders. Being an entrepreneur is not for the faint of heart but is so worthwhile!!

  28. April 13, 2017    

    I think everyone can benefit and learn from the stories and experiences of others, which are often found in interviews and books, like you mentioned. I also think that networking is super important, if not even more so. While no one will make their way the same as another both of these together can help answer questions and serve as a guide for those starting out!

  29. April 14, 2017    

    This is a great post. I am benefited to grow as a entrepreneur. Subscribed. Hoping for more…

  30. wendy wendy
    April 14, 2017    

    I love these tips! Thank you! I think people can benefit and learn from stories like these!

  31. R U S S R U S S
    April 14, 2017    

    Well-said. It isn’t easy being an entrepreneur, but I guess it’s all a matter of perspective. There are people who see failure as well, failure but the real entrepreneurs take it as an opportunity to learn and be better. It’s always great to read about other people’s stories & successes because we get to learn from their experiences.

  32. Agentszerozerosetter Agentszerozerosetter
    April 14, 2017    

    Very useful and informative tips! They can be applied in many works!

  33. Angela Milnes Angela Milnes
    April 14, 2017    

    What a good tips and I really love reading this! I love other people interview! Glad that you share this with us

  34. April 14, 2017    

    These are really good tips. I’ll have to remember these practices for the future. Thank you!

  35. April 14, 2017    

    I’ve printed out this article to add to my list of references I need to go to. Thank you for haring this information. I wonder if one is too old to reach one’s goals. At fifty, I am not sure if this is just a wild dream.

  36. April 14, 2017    

    Very good list and I like #1 & #7. These 2 have more weight than the other combined, in my opinion.

  37. April 14, 2017    

    What a great interview! There’s so much you can learn from these interviews! I just love reading about them!

  38. April 14, 2017    

    Great article. I believe networking is the key to success. So many great tips.

  39. April 14, 2017    

    I agree being and entrepreneur can be fun, but very risky and challenging. I think it is important to take some type of training before opening up any type of business because there is so much to learn.

  40. April 14, 2017    

    This is a great post! So helpful and insightful. Networking is so important, that’s a great tip for those starting out. Thank you!

  41. April 14, 2017    

    Nice article. My aspirations are all writing and freelance related so I guess MY question is, how did you go about getting published by Huffington Post?!

  42. April 14, 2017    

    This is a fabulous post with many great ideas! I love hearing the success of others not so much to emulate them rather to be inspired by them. Seeing others succeed truly makes me happy. My only addition which you’ve somewhat said is just never give up and continue to chase your passion. The rest will follow 😊

  43. April 14, 2017    

    I love #8 and live by it. Each “fail” is a stepping stone to success. Just learn from it, and build on the pieces that did work.

  44. Tina Gleisner Tina Gleisner
    April 14, 2017    

    Like how you expanded on experience as that’s the most important. We learn so much more through our mistakes, and taking (making) time to analyze what’s working, what’s not & changing direction.

  45. April 15, 2017    

    You have highlighted some brilliant tips and personally I feel networking and writing has helped a lot.

  46. April 15, 2017    

    I enjoy reading, and I find reading business materials (whether it is a book, an article, or an interview) to be most helpful. The next item on your list that I strongly promote to anyone starting a business is networking. Making contacts in your field or in other fields who can help you build a customer base, help you navigate the minefield of building a business, or provide you with skills/services to build your business is important.

  47. Hannah Marie Hannah Marie
    April 15, 2017    

    Thanks for sharing your tips. Those are great guides for me and lots of people. We should consider our failures as a step forward our success.

  48. Ruth I. Ruth I.
    April 15, 2017    

    I agree with your list of (basic) practical resources and suggestions for becoming an entrepreneur. For me the best teacher is the experience. I have failed many times but it also means that I have plenty lessons that I got.

  49. April 15, 2017    

    Our failures can shape us and make us into better people. Or our failures can eat us alive. I would prefer mine did the former. But I also don’t want my fear of failure keep me from succeeding, which is the ultimate failure.

  50. April 15, 2017    

    Networking events are always so much fun and I learn so much. I have a few conferences I am going to this summer.

  51. April 15, 2017    

    I’ve always wanted to become an entrepreneur and this gives me such motivation to work hard today! love your post keep posting more! if okay you can give us some resources too

  52. April 15, 2017    

    This is an inspiring read, and I agree with the failure part of an entrepreneurship journey as being essential for the growth.
    The book list sounds very interesting, I’d definitely like to read them all.

    Sabina | I’ve Got Sunshine

  53. April 15, 2017    

    Becoming an Entrepreneur is not an easy task. In reality, those who fail have so much to teach and valuable advice too!

  54. April 15, 2017    

    These are the type of posts I enjoy reading. Staying positive. Failing is a huge part of success. You learn from it and it makes one stronger.

  55. April 15, 2017    

    Great list! In my personal experience, networking has always been my greatest source of learning. Being able to learn first hand from successfully people has taught me several skills.

  56. April 15, 2017    

    Very nice tips! I think ill benefit with this lost. I wonder how can you share your post huffingtln? Just wonderkng thanks

  57. April 15, 2017    

    This is a very successful inspirational and entrepreneurial post. I too look to people like Richard Branson for inspiration, I recently read he drinks over 50 cups of tea per day!

  58. eazynazy eazynazy
    April 15, 2017    

    These are some really great tips, gonna keep them in mind for sure

  59. April 16, 2017    

    Good tips. One thing I understood is; go out, meet new people with good mind, share your knowledge, and embark on the road to success.

  60. April 16, 2017    

    This was a good read ! Have been thinking on tbe same lunes and then came across your post. Good going!

  61. April 16, 2017    

    Being an entrepreneur can be risky. And I believe that if you take risks and succeed, it will all be worth it. But if you lose, at least you’ll be wise.

  62. April 16, 2017    

    Thank you for sharing this..There are times when I feel sad and depressed…this is really gonna help me…Thank you once again

  63. Chiara Lisbeth de Lisi Chiara Lisbeth de Lisi
    April 16, 2017    

    Seriously interesting and useful tips! We never learn enough, there is always something new to know to grow!

  64. Colleen Wool Colleen Wool
    April 16, 2017    

    This article has a lot of great tips and advice. And yes, being an entrepreneur takes a lot of time and patience.

  65. April 16, 2017    

    It seems like there is a lot of interested recently in becoming an entreprenuer. They is a course you can take online through edx and MIT about becoming an entrepreneur which might be of interest.

  66. Elizabeth O. Elizabeth O.
    April 17, 2017    

    We have to realize that it’s not going to be a smooth ride especially when you’re starting. There will always be challenges and it’s up to you if you want to give up or keep trying. Great tips!

  67. April 17, 2017    

    Some great tips! I agree with you that networking is key!

  68. April 17, 2017    

    I’m a huge proponent of learning more and trying new things. I love challenging myself!

  69. Rosey Rosey
    April 17, 2017    

    Networking does not come naturally to me. But boy oh boy does it open doors!

  70. April 17, 2017    

    I loved that statement on the picture. You are right, if you are failing your aren’t being innovative enough, as there are tons of information out there that can help you succeed. How bad do you want it?

  71. April 18, 2017    

    Practical tips that every entrepreneur should take into consideration. Keep posting! This will help a lot especially to novice.

  72. April 18, 2017    

    Great discussion! I think networking is a really important step. I know that it can definitely make things a lot easier when you are just starting out! Being an entrepreneur is definitely risky but it has great rewards in the end I believe

  73. April 18, 2017    

    Love this list! So inspirational and motivational! Failure is part of the learning progress and everyone who is successful has also failed at some things.

  74. April 18, 2017    

    lovely tips! Especially for someone who is starting like me. thanks for sharing them

  75. April 19, 2017    

    Good read and good touch points. All of these are important and consistency!

  76. Colleen Wool Colleen Wool
    April 19, 2017    

    Thank you for the thoughtful tips. This post has a lot of valuable information.

  77. Milica Milica
    April 19, 2017    

    I find this post very interesting and I learned a lot! So many useful tips! Thanks for sharing!

  78. April 21, 2017    

    Great post! This is so true!

  79. April 21, 2017    

    I definitely agree that failure is indeed the road to success. Just like losing. People learn the heart break of losing and will be motivated to work harder the win the next time around.

    I find this post inspiring and the quotes motivated me to do more with my own dreams.

  80. Lisa Rios Lisa Rios
    April 21, 2017    

    My favorite tip here is to listen to successful people. I love listening to audiobooks, cds, and reading articles and books by successful mentors such as Jack Canfield, Brian Tracy, Oprah Winfrey, Brendon Burchard, and others. People are always saying that by looking at what they did to get to success, you can get ideas, too!

  81. April 28, 2017    

    Awesome article, I think that I found what I am missing in my journey to become an entrepreneur. Thanks for sharing!

  82. April 29, 2017    

    Watching interviews of successful entrepreneurs is a great way to learn from them. Books and magazines are also a big source. Thanks for sharing such wonderful insights.

  83. April 30, 2017    

    You’ve made some VERY good points here! I certainly agree on the importance of all of these things when working toward being the best entrepreneur that you can be. Networking, I’ve found, is one of the key things you must keep in mind to help yourself and the personal brand you’ve created for yourself, grow.

  84. April 30, 2017    

    Interesting article. I so admire Elon Musk. And I didnt realise that Mark admired Ayn Rand’s book so much. I read Atlas Shrugged when I wan in my teens. Later on I read so many criticism of the book, but Cuban is right, one needs to read that book.

  85. April 30, 2017    

    Thank You for sharing your post! Great tips, I do believe that reading about the successful people in our field can motivate us a lot! 🙂

  86. April 30, 2017    

    I love your list of resources! Sometimes I am overwhelmed by all the things that need to be done. But when thinking about it, Steve Jobs, or the other examples you named started small, too! So #dreambig and #bebold #dontquit!!!

  87. Toma Toma
    May 1, 2017    

    Thank you for amazing tips really helful! 🙂

  88. May 1, 2017    

    This is a great list of resources! Thanks for sharing.

  89. May 1, 2017    

    Great post and thanks for sharing it. It is a great source of inspiration and let us stay focused on our goals.

  90. May 2, 2017    

    nice points to help an entrepreneur .thx

  91. May 2, 2017    

    nice points to help an entrepreneur .thx

  92. Great tips, thanks for sharing. I think these apply to blogging as well, networking is very important to build relationships with other bloggers and clients

  93. May 2, 2017    

    Your right and it is usually in failure that I find my greatest achievements blossom. Success is not easy but learning how to move forward from your mistakes help x

  94. May 2, 2017    

    THis post it’s very informative, thank you for recommending those book. I will definitely check them out.

  95. Tina Tina
    May 2, 2017    

    I also learn a lot from reading books and talking with other successful people. These are the two biggest ways I learned as an entrepreneur myself. Great post!

  96. May 2, 2017    

    These are absolutely awesome tips! I do have a hard time getting my business to do what I wanted to do but I have never thought about giving up. I will have to check out some of these resources.

  97. May 2, 2017    

    Awesome post. I love the quote at the top. If you aren’t failing, you aren’t pushing your boundaries!

  98. May 2, 2017    

    Great post here. It’s important to take full advantage of all tools at your disposal when you’re making a go of starting up a company. Bookmarking.

  99. May 2, 2017    

    I think that the desire to be one is in our DNA perhaps. Some people are and some are not. Nothing wrong with either. Informative article for those who desire to be.

  100. May 2, 2017    

    These are great tips! Thanks for sharing! My family has a strong desire to work for ourselves one day. These will come in handy.

  101. May 3, 2017    

    I need to bookmark this post and read it again and again! Especially the book list! Thanks for sharing!

  102. May 3, 2017    

    Great article! I love networking, it helps me build long lasting relationships

  103. Michelle Waller Michelle Waller
    May 3, 2017    

    Thank you for sharing these tips. These are great for bloggers and people looking to build their business.

  104. Rebecca Swenor Rebecca Swenor
    May 3, 2017    

    This is a great post on practical resources and suggestions for becoming an entrepreneur. It is so important to research everything you can before you jump into something you don’t know much about. These are all great tips for those wanting to become an entrepreneur. Thanks for sharing the information.

  105. May 3, 2017    

    I’ve dabbled in networking and I couldn’t manage. I found it hard to be consistent and that’s the key part. Good luck to you, positive vibes your way

  106. Beeb Ashcroft Beeb Ashcroft
    May 3, 2017    

    I love reading material that helps me grow. IT takes a lot of research and patience to be successful.

  107. May 3, 2017    

    This is great. A whole new world for me!

  108. Ali Rost Ali Rost
    May 3, 2017    

    I and so many friends are entrepreneurs and these are such great resources. Especially going to events and networking. I’ve met so many great people doing things like this!

  109. May 4, 2017    

    I agree with everything you are saying. Sometimes we need encouragement too, for that reason I love reading articles like this one!

  110. May 4, 2017    

    I’ve actually read The Fountain Head. great book! Thanks for the tips. I hope to turn my blog into some sort of business one day.

  111. May 5, 2017    

    That’s really cool and exactly what I needed. I just started out so this is super helpful!

    XOXO // Check out my latest post if you like 😉
    SINCERELY OPHELIA | CELINE TRIO: WHAT FITS.

  112. May 6, 2017    

    It’s interesting to hear about other peoples experiences in their work life as you can learn so much from them.

  113. May 8, 2017    

    Becoming an entrepreneur is a great suggestion. Thanks fo the article

  114. R. Williams R. Williams
    May 8, 2017    

    Much good information here. Thanks for sharing!

  115. May 8, 2017    

    Great article. Failure is trully an option

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