Becoming an entrepreneur means becoming your own boss, starting a new business (or several) from scratch, and maybe even offering a product or service that doesn’t exist yet. If all this sounds good to you, you’re not alone, as lots of people have taken the entrepreneurial path and found success. If you want to be one of them, here are the first steps to becoming an entrepreneur.

Have a vision

Every business starts with an idea. Whether that entrepreneurial idea has come to you already or not, you have to make sure your vision meets a few criteria. One, you want to challenge yourself- otherwise, you’ll get bored with your venture. Two, you want it to be something you care about- or else you won’t have the passion for carrying it through. If your vision has both of these things, start forming a business plan.

Form a plan

Before you start your business, you need to form a solid business plan. This should include your strengths and weaknesses, what you are offering, and what you will do if anything goes wrong- and things will inevitably go wrong. Having all these things planned out will help guide you as you start and run your business, and you’ll be thankful you took the time to make a solid business plan when you run into any roadblocks.

Take action, take risks

At a certain point, you’ve done all you can to prepare, but it won’t feel like you’ve done enough. When you reach that point, it’s time to take action and start your business. It’s important to remember that no successful entrepreneur got to where they are today without taking risks, and all of them also met with some form of failure. You have to get over your fear of failure to become an entrepreneur, and you have to be willing to take significant risks. Otherwise, you’ll never find success.

Becoming an entrepreneur takes a lot of time and hard work, but it can pay off in tremendous dividends. These steps will help you get started, but always be willing to learn more as you grow your business. Good luck!