Introspection

Step 1

First, you need to contemplate. Are you able to handle risks and uncertainties that come in entrepreneurship? Do you want to do business for passion or glory? Think wisely.

Ideate 

Step 2

Entrepreneurship is about solving a problem with a viable business model. Find a problem, do surveys, talk with friends and industry people to confirm its commonness.

Plan

Step 3

Once you have an idea, go for planning. Think about your strategy, budget to spend, and minimum product/service to launch in the early stage. Look for knowledge gaps, and skills to learn.

Execute

Step 4

Now, it's time to execute your plan. In the real world, you face problems and get feedback. You have to utilize them to improve. Go part-time before your business yields revenue.

Crucial tips

1.  Don't hurry and show patience. Results in entrepreneurship take time. 2. Make sure to chat with family members and clear things upfront. 3. Don't give up in tough times.