For some people, the idea of a dream job is one they have created for themselves. Something conceived from their own hard work and sheer imagination. But starting your own business and being your own boss can be problematic and, if you’re not careful, the dream can soon turn into a nightmare. So, how do you dodge the pitfalls and build the foundations of a successful startup? We spoke to EU alumni Joad Lopez, Pau Fernández and Ricardo Gómez, who gave some valuable tips on how to become an outstanding entrepreneur.
Do your research
First things first, you need to have a plan of action. As the old saying goes: ‘Fail to prepare – prepare to fail’. Before you launch your business, have a clear idea of what you want to do and where you want to go. CEO and co-founder of eyescream and friends, Joad Lopez, an EU BBA alumnus says:
“Do your research, make sure you innovate and make sure you come up with a concept, a product or a service that really captivates people’s minds.”
Get out there
Pau Fernández, head of corporate development at Itnig and EU BBA alumnus, believes that there’s no better way to learn than from experience. Get an understanding of what it takes to be a modern entrepreneur by working for someone else first. This way you’ll learn the ropes, picking up some smart tips and honing your ability to recognize potential problems. All this before you jump in at the deep end. Fernández says:
“For students who want to start their own business, I would advise them to definitely work for an existing startup. There they can meet all the difficulties that you cannot find in books or online.”
Trust in yourself
Ricardo Gómez, EU MBA alumnus, thinks self belief and a willingess to take a risk are crucial.
“I think it’s really important to trust in yourself. Understand that whatever comes to your mind comes because of something. You should give it a chance.”