How to convince your parents & friends that you want to become an entrepreneur

  • Published on
    19-Aug-2014

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The number of young graduates actually starting u a business after their studies is rather low! We need more entrepreneurs in Belgium. Here are some tips on how to convince your parents and friends that you want to start a startup. Stop Talking, Start Building! 

Transcript

HOW TO CONVINCE YOUR PARENTS AND FRIENDS THAT YOU WANT TO BECOME AN ENTREPRENEUR 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llZ! SOURCE TIP #9 FIND A MENTOR NICOLAS TRY AND LOOK FOR PEOPLE WHO ARE WILLING TO GUIDE YOU IN YOUR JOURNEY. SEASONED ENTREPRENEURS ARE WILLING TO HELP. THEY LIVE BY THE PAY IT FORWARD PRINCIPLE SOURCE TIP #10 EXPLAIN YOUR IDEA ON THEIR TERMS NICOLAS SHOW THEM YOUR IDEA IS A GOOD ONE, THAT YOU ARE CAPABLE OF ACTUALLY CREATING IT, AND CONVINCING PEOPLE TO USE IT. SELL THEM YOUR PRODUCT AS IF THEY WERE YOUR CUSTOMERS SOURCE YOU CONVINCED YOUR PARENTS? WHAT NOW? APPLY FOR THE TELENET IDEALABS ACCELERATOR YOU GET: MEET NICOLAS GUIDANCE BY 80 MENTORS 25K (NO EQUITY) NICOLAS GETS ACCELERATED! 1 2 3 WORKSPACE ACCESS TO TELENET TALENT & NETWORK BE SURROUNDED BY STARTUPS ATTEND A LOT OF ENTREPRENEURIAL EVENTS HEY LAURA, YOU SHOULD JOIN NICOLAS IN HIS JOURNEY! MEET LAURA NICOLAS APPLY NOW FOR THE TELENET IDEALABS ACCELERATOR