3 Principles That Make It Easier to Become an Entrepreneur

By Sophia Bera

NEW YORK (AdviceIQ) -- More than half of Gen Y-ers are starting or want to start their own business. I wholeheartedly believe entrepreneurship is the new job security for Gen Y, which is why today I'm focusing on how to prepare yourself to become a successful business owner.

Relying on someone else to provide you with a paycheck is a big gamble. It sounds counterintuitive, but think of it this way: Deriving 100% of your income from a single source is the same as putting all your money in one stock. It is actually pretty risky, as the Great Recession shows. You are at the mercy of others' decisions that you have no control over.

Working for someone else used to be the safe option 20 years ago, because starting your own business was expensive. But we live in a different world now -- a digital one. You're connected on a global level. More ideas, resources, tools and options than ever before are at your fingertips for free. Barriers to starting a business are significantly lower.

Also see: How to Make Your Own Part-Time Job

But before you dive into a big entrepreneurial dream, check out these tips about what it takes to be your own boss.

You have to make your own opportunities. No one is going to give you permission to start on an idea or hand you resources, clients and connections. As an entrepreneur, you are responsible for making things happen.