M: Do you have any advice for fellow entrepreneur wanting to start a business like you?
JP: There are entrepreneurs and there are entrepreneurial individuals. They sound like they are the same thing, but they are indeed very different! An entrepreneurial individual is someone with the traits of an entrepreneur – self-starter, highly competitive, confident, creative, disciplined, passionate, and have a good measure of leadership and people/relationship skills; and you’re going to do great in a company or startup who embraces you for the awesome person that you are, and qualities you possess.
Being an entrepreneur however, takes these traits one step further – you need to start a company from scratch, meaning that you will need to eventually handle issues such as incorporation, accounting, renting an office, getting office equipment, staff management, filing of taxes, etc. Whether you choose to outsource the administration or not, the burden is ultimately on you.
First figure out which one you are, then embark on your journey of entrepreneurship. Because like what they all say, being an entrepreneur does require a dose of insanity – make sure you’ve really got what it takes.