Entrepreneurship is a difference-maker. It can help anyone get the freedom to do things that he or she is passionate about. But given the changes in technology, not only do you need to be entrepreneurial, but you also need to be tech-savvy at the same time.
Steve Barbarich is a well-known entrepreneur and published author of “The Complete Manual on How to Make Money from Your Inventions and Patents”. Learning from his life experiences can help improve your learning curve. With over a decade of experience and expertise in internet marketing, he shares the following lessons to those who want to generate wealth and create business opportunities online:
Study, dive, repeat
Steve graduated with a degree in Engineering, but he is also an inventor. Thus, he is very familiar with the struggles of marketing a creative idea or an innovative product.
So in 2000, he published a book that aims to guide inventors on how to make their products saleable and maximize profits by patenting their inventions.
With his patent-processing guide, he was able to share how one innovative product can create income annually thereby providing more opportunities for the innovator. After receiving good reviews on his book, Steve recognized a new business opportunity and created a company that would help struggling inventors who need financial assistance.
This is the first takeaway that we can learn from our featured entrepreneur - do initial research, take action, get feedback from the market, then create a new solution based on a new problem presented by the market.
Learn From Failures
It isn’t always going to go your way. There will be instances when you will need to regroup and readjust. Steve Barbarich over the years experienced both success and failure. A quick search for his accomplishments and you might even see a few blunders here and there. But at the same time, he learned from these mistakes and he was able to bounce back.
Never Forget Your Community
For Steve Barbarich, it is always important to never forget about your community. With his success, he never forgot about the community that supported his business. He helped people who suffered from natural calamities and women who needed to have a mammogram. These are just a few things that made him not only popular in the community as well, but also someone respected by customers.
Always Evolve
Lastly, Steve Barbarich learned that you should keep on learning and evolving. Over the years, Steve Barbarich became an inventor, author, and entrepreneur. On top of that, he is considered by some as a philanthropist.
He believes that there are instances when you need to explore new horizons. This will help give you the chance to find success in other fields. It is even possible to find greener pasture.
Final Thoughts
Entrepreneurship isn’t always easy. But with a smart approach, just like what Steve Barbarich did, it is possible to become successful in your chosen niche. You’ll be able to know what your audience wants and understand their pain points. And who knows, you might be the next Steve Barbarich.
