4 Essential Online Resources for Budding Entrepreneurs

Fear of failure is a common reason why people think twice about entering the world of entrepreneurship. What are 4 essential online resources for budding entrepreneurs?

Starting a business can be a fulfilling experience – you get to be your own boss, manage your team, and, more importantly, reap financial rewards if you manage it well. However, venturing into the world of business can also be daunting, especially for budding entrepreneurs who don’t have much experience. A survey by the Global Entrepreneurship Monitor found that more than 70% of Brits think that it’s easy to set up a business, but only less than one in 10 is determined to do so. Fear of failure is a common reason why people think twice about entering the world of entrepreneurship, especially with the financial risks involved. Thankfully, there are many resources available to help you get started. 

In the digital age, it’s easier to access a diverse range of tools that can help you learn new things. These tools can give you relevant tips and an extra boost in your entrepreneurship journey. If you’re looking to build a business from the ground up, here are four essential online resources that can help you:

Website builders

If you’re looking for a platform where potential consumers can reach you or learn about your startup business, then a website builder can help. Squarespace is an all-in-one content management system where you can create a website with your domain name. It also offers e-commerce tools that allow you to create your online store for your business, list the products and services you offer, and collect payments. In 2023, Squarespace also launched an integrated payment platform that can help you directly collect payment without the need for an external payment processor, making it easier for you to manage finances in your startup business. 

Digital libraries

Reading ebooks or listening to audiobooks is also a great way to learn the fundamentals of entrepreneurship and how you can successfully manage your startup business. Digital library Everand hosts a rich catalogue of ebooks, audiobooks, and podcasts that can help you build your business from scratch. David J. Murchow’s The 7 Secrets to Startup Success and Dileep Rao’s Finance Secrets of Billion-Dollar Entrepreneurs both offer practical advice and insightful information that can help your business thrive. These titles, along with other resources on Everand, can help you learn from some of the best in the industry, including their mistakes that should be avoided to achieve financial success.

Upskilling courses

More than reading, you can also take the time to upgrade your skills so you can gain expertise and obtain knowledge on how to effectively manage and sustain your startup business. Learning new skills helps you keep up with the latest marketing strategies and practices that you can apply to your business. Coursera offers a lot of helpful entrepreneurship and business courses online to help you stay up-to-date on emerging marketing trends and technologies. Obtaining new insights and approaches from the classes available on the site can help you gain professional advantage in a fast-paced industry, so grab that opportunity to acquire helpful skills.

Educational videos

You can also try watching educational videos that tackle the how-to’s of managing a startup business. Award-winning entrepreneur Dr. Wendy Labat hosts a series of shows geared to help you make wise financial decisions. From managing cash flows to optimising profitability, useful tips from Dr Labat can help you avert any financial risks and losses as you start a business. She specifically focuses on financial healing, which looks into the psychological and emotional aspects of entrepreneurship and how your relationship with money affects your business. Her videos can help you understand these dynamics and reshift your mindset about money and success, allowing you to build and foster a prosperous business environment.

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