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Before the Industrial Revolution and the rise of companies, most people worked for themselves. Now that millions of workers have experienced independence, we’ve gone full circle.

What is reawakening people’s interest in creating their businesses? Many people reached a breaking point at the height of pandemic lockdowns. People felt more self-sufficient since they could work from home, spend more time with their loved ones, and tailor their schedules to their needs. Many individuals are resigning and starting their businesses because they are unwilling to give up their newfound freedom.

Perhaps you are one of the many individuals who desire to follow your dreams. Remember that the journey from “I quit” to “I succeeded” is everything from linear, predictable, or uncomplicated. It is, nonetheless, feasible, especially if you engage with well-established company models that provide networks, resources, and help.

The Entrepreneurial Scale is a tool for determining how successful a firm is.

Before we go into what a proven business model is and why it matters, it’s critical to understand the spectrum of entrepreneurship. The self-employed 1099 contractor is positioned on the page’s far left side. On the right, you have someone who creates something out of nothing, a visionary who is prepared to risk all.

The tried-and-true business model strategy may assist those in the middle range. They are in command of their own lives, with no one instructing them what to do, but they also avoid the trial and error that comes with establishing anything from the ground up.

Make no mistake: adhering to a tried-and-true business plan does not restrict your flexibility. You’ll still have control over your time. However, to succeed without having to reinvent the wheel, you must adhere to the strategy offered to you.

If you desire more freedom than the corporate world can deliver, look inside yourself first. Take a step back and evaluate if you have what it takes to be an entrepreneur, as well as the kind of entrepreneur you are. If you believe you might benefit from some form of structure, the next step is to determine which business model is ideal for you. Begin with the following:

1. Determine if you have the potential to be an entrepreneur

An entrepreneur don’t need to be told what to do. You don’t ask for permission; instead, you ask for forgiveness afterwards. Furthermore, you are taking action right now, just following your intuition. You take chances, but you accept responsibility for them and hold no one else accountable for your errors or losses. You have the capacity to think beyond the box and identify difficulties and solutions that others do not. Above all, you have a strong desire to work independently and for yourself.

Once you’ve determined that you’re an entrepreneur, determine where you fall on the spectrum. A tried-and-true business approach may help you thrive if you’re in between a self-employed contractor and a startup entrepreneur. However, be sure that you know where you belong. For example, if you’re a visionary with big, bold ideas, you can be too far to the right to find fulfilment in a pre-existing paradigm.

2. Choose a task that will ignite the fire inside you

Work that isn’t focused on a defined purpose becomes tiresome quickly. That is why so many workers with entrepreneurial ambitions get disillusioned. As a consequence, you should establish and state your goal. For example, I’ve always been interested in aiding companies. Consequently, I was able to discover a tried-and-true strategy for becoming a business coach.

To begin, write a list of everything you’re enthusiastic about. Working with youngsters or college students might be an option. Take a mental note of whatever it is. Then, elaborate on your aim a little further.

Assume you like working with youngsters in schools. Would you want to instruct them? Do you intend to engage in the activity daily since you like it so much? After you’ve identified what will keep you motivated to keep going, you may start looking for a comparable firm with a proven earning strategy.

3. Look for existing business models that correspond with your objectives

A multitude of business options are accessible. Some need a large sum of money, while others require just a little sum of money. Before searching for business ideas that go inside your budget, make sure you have one in mind. For example, if you want to teach children, you may create a Kumon Learning Center in your neighborhood. These are often low-to-medium investment opportunities.

Perhaps you have a higher budget and a strong desire to feed others. Opening a well-known franchise restaurant may be the most outstanding solution. You’ll almost definitely need a big chunk of money to get started, but many chains have established business ideas that may be successful if properly followed.

Be cautious while exploring for business prospects. If a percentage of the model’s revenue is contingent on someone else earning from your involvement, this should raise some red flags. It matters who introduces you to the model. Be wary of anybody who is financially motivated to get you into the model, beyond maybe a small referral fee, since they will receive a large portion of your money. It would help if you only collaborated with a model’s business operations staff, not with those looking to join their downline.

4. Determine who you want to lead the organization

Before you begin the process of screening the various opportunities accessible to you, you must honestly examine yourself and identify what kind of entrepreneur you are and want to be. For example, do you want to be in charge, or do you want to hire employees to operate your business?

Consider WaveMax, a coin-operated full-service laundry franchise, if you want to be a hands-off company owner. All you have to do now is write the check and hire the general manager. It’s a consistent source of passive income that you may increase or decrease based on the success of your investments.

5. Assess the company concept’s support system

You’ve narrowed your business model options down to one or two options. It’s now time to rate your top rivals depending on how much assistance they supply.

A proven business model should have leads, a sales and marketing plan, a firm growth framework, and other elements. This enables you to skip many of the back-end startup tasks and start generating money sooner.

It is also a good idea to check references. Consult with other business model users: do they feel the model works and assists them in achieving their objectives? Are they profitable, or are they on the approach of being lucrative? The more data you have, both empirical and anecdotal, the easier it will be to identify which model is ideal for you.

The road to entrepreneurship is neither easy nor straightforward. Many entrepreneurs never get off the ground. Aligning yourself with a firm plan that has shown to be effective over and again, on the other hand, may offer you the runway you need to fly.