When you decide to be an entrepreneur; you empower yourself with the rights to organize a business venture.  Entrepreneurship encourages the building of prosperity and the creating of greater opportunities for your family and/or you.  Using expert knowledge seek all the enriching and beneficial rewards that are available to you as an entrepreneur.  Knowledge and organization are the keys to building a successful entrepreneurship and providing the means to live a better and higher standard of living.

What are your interests?  What are your skills?  What can you do that you can be good at?  What is your hobby?  Set life goals to incorporate any of these attributes or activities into a business venture for profit and experience a newer higher lifestyle of prosperity and fulfillment.  Entrepreneurs are often fulfilling their dreams and building a new destiny for themselves and their families with rewarding work and expert planning.  This rewarded lifestyle provides for a greater prosperity and abundance that an employee does not have access to.  

Utilize legal government regulations to purchase assets and pay for expenses needed for earning business income and deducting the cost involved.  Like to own a home office with the latest equipment and write off a portion of the mortgage interest and other home ownership cost, as an entrepreneur it is possible.  Want to own tools and equipment, drive a better vehicle purchased with tax free income, think entrepreneurship.   Always wanted to build a dream team of employees, own commercial property, share, make a difference to all you meet and pay less taxes for the gross income you take in, entrepreneurship is your way to accomplish that. 

The success of your entrepreneurship venture often depends on the building of your foundation. 

You should choose a business idea or venture that will bring you the most success and happiness.  Begin by looking around and see if there is a need and if people or businesses are willing to pay for it.  Evaluate the factors involved in the business.  Are there factors that would allow you to make above average return for your efforts?  Do the customers require products with the services and if so how high is the mark-up?  Is there a demand for repeat sales, and if so how often?  Is the service specialized and therefore receives a premium return due to limited entry into the market due to licensing, cost, education, availability, location or other factors?  You may have to purchase a franchise, get a trade, complete an apprenticeship, upgrade your education, study and research to gain skills, or seek work experience first to have the skills it takes to earn above average business income in a business you chose.  Check out the Yellow Pages and see if you can find a business ideal you could start.  Is that business making good money or able to provide you with a lifestyle you would be happy with?  

Other factors to consider are; Is there the possibility of hiring employees to generate more profits, increasing the customer base, is there growth in the industry, are there favourable government regulations,  can other locations be started, is there internet sales, is there opportunities to add new products and offer specialized services, and what is the competition?

Chose an accountant and ask him/her what they know about the business.  They have experience and seen the successes and failures and knows what it takes and can provide you with expert advice.

Next determine how can you finance your business idea, which business structure to use, how much time you have available, how to begin, and what are the proper tax strategies to follow?

No matter what path you take small or large you can begin experiencing entrepreneurship benefits and begin growing your business venture and with proper organization and knowledge reap the maximum benefits available to you for increased success.