I think the future of entrepreneurship will be really easy.
Don’t get me wrong, success will always be hard, but the barrier to entry to become an entrepreneur is going to drastically decrease. 10 years ago, it was extremely difficult to start your own thing. 100 years ago, nearly impossible. Nowadays, anyone can start their own business. I predict that 10 years from now, it’ll be substantially easier. 100 years from now, it’ll be a breeze. The decrease in barrier is due to the increase of these 3 things:
1. Access to Knowledge
When you first start a company, you the entrepreneur must juggle numerous hats. You’re the programmer, the designer, the accountant, the salesperson, the marketer, the recruiter, along with a dozen other roles. The existence of the internet has enabled anyone to learn anything. You can literally pick up all of the aforementioned skills online. It was a lot harder starting my first company than it was starting my last company. Access to knowledge has enabled me to become the jack-of-all-traits that I need to be as a founder. Treehouse, Lynda, Skillshare, Udemy, and Coursera are all great places to learn.
It’s important to get into a habit of online learning and understand that school is no longer the only source of knowledge. Successful entrepreneurs of the future will never stop acquiring new skills.
2. Access to Tools
They say that to start a company, all you need is a website and a newsletter. While somewhat true, it’s not that the requirements have changed, it’s that the access to emerging tools have made everything so much easier. Have you tried building a website from scratch, with HTML and CSS? Or code a newsletter by hand, with PHP and MySQL? Nowadays, you can build your own website through a few clicks with Wix or Squarespace. You can have your whole newsletter setup within minutes using Mailchimp. Much of what I have access to today simply didn’t exist when I started my first company. Access to tools allowed me to become exponentially more effective as an entrepreneur. Keep yourself up to date with app review sites like AppVita.
It’s important to always be on the lookout for new tool that can empower your workflow. Successful entrepreneurs of the future will possess an army of tools that empower them to achieve superhuman feats.
3. Access to Resources
Increasingly so, the world is investing in entrepreneurs. Programs and initiatives designed to support entrepreneurship are being developed around the globe. I was granted free office space for a year at Venture Connection in Vancouver and another year at Digital Media Zone in Toronto. I was granted $95,000 in seed funding through The Next 36 as well as access to a pool of phenomenal mentors. Startup funding ecosystems are maturing. Words like angels and venture capitalists never existed 100 years ago. Networks such as AngelList and F6S are great for discovering new opportunities.
It’s important to identify your own weaknesses and seek out the resources you need to fill the gaps. Successful entrepreneurs of the future will constantly hold a list of opportunities and resources they can tap into.
In summary, it’ll be much easier to become an entrepreneur in the future. Naturally, there will also be more noise and competition. As the rules become clearer and tools more accessible, business will become more and more like a game of chess. Those who understand all the pieces, how and when to use them, will certainly have the upper hand.