Opportunity Does Not Knock

Q: I'm graduating this year with a degree in business and would like to start my own business rather than get a corporate job. I have a few business ideas, but none of them really gets me excited. Should I just put my business plans on hold and get a job until the right opportunity comes along? -- Carlton M.

A: Congratulations on the impending degree, Carlton. Never having attended a higher institution of learning myself, I have great respect for anyone who can withstand four years of non-mandatory schooling and emerge with sheepskin in hand. I drove by a college once. It looked hard, so I kept going. I do have a pair of sheepskin boots, but I don't think they ever helped me get a job. They do make me taller, but that's another story.

Seriously, I envy your position and applaud your efforts. You're young, you're educated, you're ambitious, you're probably much better looking than me, and soon you'll leave the comfort and warmth of your tiny dorm room to go out into the big, cold, cruel world to seek your fortune and make your mark. The fun is just about to begin, my friend. I hope you're ready for the ride. If you think college was tough, just wait until real life sets in.

Now on to your question: should you put your business plans on hold and get a job until the right opportunity comes along. I really can't make that call for you. That's a decision you'll have to make for yourself, based on your situation, your goals, your finances, your responsibilities, your commitments, and all the other factors that make Carlton's world go around.

I can tell you that as a breed, entrepreneurs are an impatient lot and many jump on the first business bandwagon that comes along just for the sake of being in business. That's a big mistake that usually comes back to bite them in their entrepreneurial behinds.

You should always have a solid idea and a very clear plan of action before starting a business. It is the failure to plan that leads to the failure of most businesses. You didn't plan on hating the business you're in, you didn't plan on needing so much money to get started; you didn't plan on growing so fast; you didn't plan on there being no market for your product; etc. A failure to plan is a plan to fail. Of course you probably learned that in "Old Business Adage 101."

Starting a business simply because you have a business degree is not a smart thing to do. That would be like deciding to jump out of a plane just because someone handed you a parachute while standing on a street corner. Start your business career only when you get an idea or find a business concept that gets you so excited and so passionate that you can't sleep at night. That's when you go into startup mode and not a minute before.

Now on to the soapbox part of our program (you didn't think you were going to get away without a sermon, did you?). Here's a word or two about waiting for opportunity to come along.

I know you were just using an old expression, but you pressed one of my hot buttons because many wannabe entrepreneurs do just that: they proclaim themselves as entrepreneurs, then proceed to sit and wait for opportunity to come calling with a business idea and a bagful of money. These misguided folks better have a comfortable chair in which to wait because they are going to be sitting there for a very, very long time.

If just one more of these armchair entrepreneurs call me up and tell me that they are born entrepreneurs and all they need is the chance to prove how smart they are and will I please, please, please give them that opportunity, I think I'll hurl (in a business-like manner, of course). This ain't an audition for The Apprentice, folks. Who do I look like: Donald Trump? We both have great hair, but that's where the similarity ends.

The truth is opportunity does not come along. Opportunity does not knock. Opportunity doesn't even know where you live. Opportunity doesn't know your name, your phone number, or your personal situation. Opportunity does not appreciate your talents, your skills, or anything else about you. Opportunity does not care that you are a great person who just needs a chance.

Real entrepreneurs know that opportunity is not delivered like pizza. Real entrepreneurs do not wait for opportunity to come along. Real entrepreneurs seek out opportunity. They get up off the couch or get out of their cubicles, go out the door, and run up and down every street in town knocking on every door they come to. Sometimes opportunity answers the door, sometimes not, but real entrepreneurs keep knocking.

Real entrepreneurs know that you can knock on a thousand doors and never find opportunity waiting on the other side. They also know that opportunity might be waiting just at the next stop, so they keep finding doors and they keep knocking.

When people ask where I went to school I give the old reply: The School of Hard Knocks! But I don't mean that life has beaten me up on my way to where I am today. I mean that I went up to a lot of doors and knocked as hard as I could and every now and then, opportunity answered.

So get your degree and catch your breath, Carlton. You have your whole life ahead of you. Then, when you're ready, get off your duff and go knock on some doors.

If opportunity is out there, you'll find it.

Here's to your success!

Tim Knox

Small Business Q&A is written by veteran entrepreneur and syndicated columnist, Tim Knox. Tim serves as the president and CEO of three successful technology companies and is the founder of DropshipWholesale.net, an online organization dedicated to the success of online and eBay entrepreneurs.

Related Links:
http://www.prosperityandprofits.com
http://www.smallbusinessqa.com
http://www.dropshipwholesale.net

---

Empathy - Not Business Plans - Key to Your Home Based Business Success - Do You Have Empathy?

EMPATHY is a Natural Talent, you were born with it... Read More

Entrepreneurial Ongoing Education Advice

I would like to give some advice to all the... Read More

Your Company Needs A Mission Statement; Make It Count

Does anyone remember that book "Built to Last" done y... Read More

7 Lean Marketing Laws For The Inspired Entrepreneur

The following laws will provide guidance on how to act,think... Read More

Dream It, Create It, Become It! Design a Dream Board

Have you ever heard of "Dream Boards" or "Treasure Maps"?... Read More

Venture Capital Negotiating Issues

When companies enter into negotiations with venture capital firms, there... Read More

Can a Microbusiness Help You Enjoy a Better Retirement?

Not having enough money for a comfortable retirement tops the... Read More

Used-Book Case Study

Dwight Payne and Gary Heap reside in Santa Barbara, CA,... Read More

Drive Website Traffic Unconventionally, Force Your Children To Do It

If you believe that every little bit helps then keep... Read More

The Dirty Dozen

1) No Umbrella Business Plan or Strategy -- Without a... Read More

Before the Business Plan

Purveyors of conventional wisdom would have you believe that the... Read More

Find Me the Expert on This!

Many people who set up as consultants never make more... Read More

Making the Financial Transition

Making the financial transition from paid employment to earning a... Read More

Definition of Entrepreneur

EntrepreneurAn entrepreneur is a man who organizes and manages the... Read More

Cut to the Quick - What is an Entrepreneur? The Inside Story

Enjoying the title of entrepreneur is a hollow feeling.If you... Read More

The Reluctant Entrepreneur

It seems odd to think of a person opening a... Read More

Starting Your Business: 3 Tips for Bootstrapping Your Way to the Top

Bootstrapping a business startup does not necessarily mean that you... Read More

Corporate Espionage in Franchising

Franchising Trade Journals do not do well, because today with... Read More

Defining a R&D Framework for Entrepreneurship and Innovation on Information Product Generation

IntroductionKnowledge is the key resource that forms the institutional basis... Read More

Entrepreneurs, Are You Hauling Buckets?

Once upon a time, there was a village on the... Read More

Executive Suites - A Way To Save Cash

Cash is one of the most important resources to a... Read More

Expand Your Resourcefullness!

The success and failure for the entrepreneur is largely dictated... Read More

Find Out If You WILL Be Successful As a Franchisee?

Will I be successful as a franchisee?One of the soundest... Read More

Be Where the Pucks Going To Be

The "Great One" said it bestHockey legend Wayne Gretzky, when... Read More

10 Ways Entrepreneurs Shoot Themselves In The Foot

Entrepreneurs and their businesses have a tendency to ambush themselves... Read More

The Entrepreneurial Difference

Who would ever have imagined that going door-to-door in my... Read More

Entrepreneurs Ask: As a Novice Entrepreneur, How Can I Feel Less Overwhelmed?

Great question! Overwhelm is very common even among the most... Read More

Identifying the Right Venture Capital Firm Partner

Venture capital firms are comprised of individual partners. These partners... Read More

Double Your Income Automatically

It is a common known fact that it is far... Read More

How Entrepreneurs Succeed - The 5 Qualities Needed For Business Success

What is it that sets a successful businessperson apart from... Read More

What Makes an Entrepreneur?

Rupert Steiner in his book 'My First Break' attempted to... Read More

How Entrepreneurs Make Money Selling Global Brands On and Off-line

Did you know that thousands of companies from all over... Read More

Customers - Why Should They Buy From You?

There are a whole range of reasons why customers buy... Read More