Author: Lexi Mitchell| Student, Living Education – Charlotte, 2023-24
“There is something special about being an entrepreneur.”
Students were excited to hear from Mr. Thiel in a recent forum where he shared what he does as an entrepreneur. Mr. Thiel owns M3dia Buy, where he has created online advertisements for over a hundred clients. According to Mr. Thiel, entrepreneurial success is determined by two things: your desires and the market you will serve. In his lecture he reviewed how he started his journey as an entrepreneur, what it takes to be successful, the blessings it provides, and how to become one.
Mr. Thiel described an incident during his childhood where he did not do well in Algebra; however, when he took Geometry the following year, he was very successful. He used this example to illustrate that a struggle in one area does not limit that person from succeeding in another. Later, while studying in college, he started a side hustle making websites, and after 4 years, he earned enough from it to make it a full-time job. Mr. Thiel used his experiences as an entrepreneur to help the students understand what makes one.
Requirements
- Discipline: An entrepreneur must be able to tolerate discomfort and realize that it is temporary
- Resourcefulness: A reference to the 5th law of success
- Self-starting attitude: Ecclesiastes 9:10
- Love: Love is not the same as passion. Entrepreneurs must love the people or customers they serve, which motivates them and gives them perseverance.
He quoted Nietzsche, who said, “He who has a will to live can bear almost any how.”
After explaining what requirements he deemed necessary to be an entrepreneur, he listed the blessings one could receive from this profession.
Blessings
- Financial: “Self-employed people are four times more likely to be millionaires than those who work for others” (Thomas Stanley, The Millionaire Next Door). A blessing of being an entrepreneur is the ability to put as much effort as you want into a business; the entrepreneur isn’t limited to certain hours they work. Proverbs 10:4 states, “He who has a slack hand becomes poor, But the hand of the diligent makes rich.”
- God is your boss: An entrepreneur can create guidelines and policies for their company based on Scriptural principles.
- There is less pressure to work on the Sabbath.
- Status: Being an entrepreneur gives a person the chance to make a name for themselves and to be seen as successful by others. Proverbs 22:29 states: Do you see a man who excels in his work?
- He will stand before kings;
- He will not stand before unknown men.
Paths to Entrepreneurship
- Advertise your skills on gig services like Upwork, Fiverr, TaskRabbit, or Amazon
- freelance/ consulting- get paid for your advice/projects
- Trade jobs
- Writer
- Tech- graphic design, digital advertising
- E-Commerce- Shopify, Etsy, TikTok Shop
- Mobile or doorstep services- delivering service to the customer’s home
Ways to Get Work as an Entrepreneur
Ways to get work include–speaking at conferences, making Google ads, creating a podcast or YouTube channel, and being referred by others for a job on your reputation.
How to Convince People to Pay For Your Idea
Research market interest using tools such as Google Ads keyword planner to check the popularity of the good or service you want to market. Then, test the market by running ads and tracking the sales or calls per ad or creating a webpage.
How to Pitch Yourself
Mr. Thiel described his method for pitching yourself, and it involves two steps:
- Write what you’ve uniquely accomplished.
- Write what you’re offering that appeals to the self-interest of your prospect.
Mr.Thiel provided an insightful forum on entrepreneurship that encouraged the students to think creatively. Drawing on his experiences as an entrepreneur, he provided them with a roadmap for assessing their qualifications to be entrepreneurs and learning how to become one successfully.