Entrepreneurial Advice We Just Have to Share!

A few weeks ago we concluded our 5-week series Build Your Own Career Bootcamp, which the Entrepreneurship Hub hosts in collaboration with the Venture Initiative! This program is for folks on campus who want to build their own small business — bakers, makers, creators, consultants, retailers — you name it!

The last five weeks, the group has spent learning about building value, understanding customers, finances, getting a web presence and how to sell. We ended things off with a panel of 3 entrepreneurs who shared their stories of getting started. Their stories were just SO good we had to share them with all of you!

First, let’s meet our panelists!

Andrew Latty, Sayem Reza and Natalina Tuy are all entrepreneurs who have found their entrepreneurial spirit from family roots or exploring their passions.

So what did they wish they knew when they got started?

When asked about how they each got their first sale, each had stories to share of reaching out to someone they didn’t know, getting their message out through word of mouth, applying for contracts, doing giveaways, getting referrals; but there was a bigger message shared!

Three big things our panelists emphasized was (1) just start! Make something for someone and get feedback, reach out to that potential customer, just get started! (2) Know your value! Understand what it costs to offer your product or service, think about the cost of not just tangibly what you are doing (like ingredients, supplies, etc.) but think about your time! Make sure you put a value on that. And (3) advocate for yourself! Make sure you are getting what you are worth from your customers. If you don’t think you are being paid fairly, outline why not and highlight the value you bring to the table!

We also talked about work life balance. This is an important topic for everyone! What does work life balance mean to you and how do you make sure you achieve it? Here are some tips:

Lastly, we talked about success and how each of the entrepreneurs knew they had achieved success. Some might expect that they would have answered with “made $5000 a month” or “closed a big client” or “made enough money to quit my job”. None of their answers revolved around the sales they made or the customers they had. Here are some things they were asking themselves?

It took some of the entrepreneurs 1–2 years to get there, it took others 4–5 years to get there! Success is defined differently for everyone and each person takes a different path to get there. Figure out what success looks like for you and your business!

A big thank you to all of our panelists for joining us! We know that your stories inspired the participants in the Bootcamp and your stories were just so great we had to share with everyone!

If you want to learn more about the Entrepreneurship Hub or the Ventures Initiative, please check us out online!

If you are interested in starting your own business, please check out our Entrepreneurial Mindset Certificate or sign up here to be the first to know about our next cohort!

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