How To Become An Entrepreneur: In-Depth Guide — 2/2

Do you want to learn how to become an entrepreneur? Many people do as they want to take control of their lives, although becoming an entrepreneur may not be the answer, there are other options.

According to the U.S. Bureau of Labor Statistics data, about 20% of U.S. small businesses fail within the first year. By the end of their fifth year, roughly 50% have faltered. After 10 years, only around a third of businesses have survived.

Before you even think of hiring a marketing agency or approaching an angel investor defining your strategy and vision is key

You may not want to have your own business or to become an entrepreneur and actually, you could live a happy life being a freelancer or an investor.

Freelancers vs. Entrepreneurs

Millions of people are doing this online and working freelancing online. Freelancers by definition, are not independent entrepreneurs. However, freelancers can carry many attributes of entrepreneurs.

But they may not be building something that eventually could be a company, although they can still build income while they sleep.