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  • Many of us want to become entrepreneurs.

  • Starting your own business is one of the biggest dreams of our times.

  • But how do you get to be an entrepreneur?

  • Most of the advice focuses on the practicalities:

  • writing a business plan, raising money, finding staff, marketing and PR.

  • We'll go down a different route.

  • In our eyes at the heart of successful entrepreneurship lies something oddly more abstract:

  • an accurate insight into the causes of human unhappiness.

  • To be an entrepreneur means, essentially, to become an expert in the things that make life difficult for people.

  • That's because every properly ambitious business is in some way trying to fix things for other people.

  • And the bigger and more original what you're trying to fix happens to be, the more successful your business can be.

  • Because consumer society is now well developed,

  • it may be easy to think that all the big problems out there already have thousands of fixes anyway.

  • Think of all those car companies, or pizza outlets, or news websites.

  • We surely have enough of everything.

  • What could we possibly add to what's already out there?

  • But to get a sense of the vast opportunities that still remain in capitalism all you need to do is ask yourself:

  • where and in what areas you're unhappy in the course of an average day?

  • Every unhappiness is really a new business waiting to be born.

  • Your frustrations are a nearly inexhaustible source of raw materials out of which the businesses of the future can be built.

  • So while there may already be plenty of breakfast cereals, and t-shirts, and cell phones, and cab rides for sale,

  • there's so much more that frustrates and depresses us:

  • think of how difficult it is to get on with one's partner, educate children, cope with anxiety,

  • discover what you want to do with your life, find a nice place to live, calm down in the evening.

  • One could go on and on.

  • Our griefs and irritations are endless, thankfully for the budding entrepreneurs.

  • The biggest first step to take towards entrepreneurship

  • is therefore to learn to study your own unhappiness and what might possibly heal it for you and others.

  • When profits decline in businesses it's really the result of too many people throwing themselves at trying to fix the same area

  • 'cause they can't think of anything more innovative to do rather than start a new airline, mobile phone company, or supermarket chain.

  • And by contrast, healthy profits are a reward for understanding and mastering

  • an area of human distress ahead of anyone else.

  • Of course ideas aren't enough on their own; you need to take care of practicalities and money

  • but they won't help you if your original psychological insight into human unhappiness isn't sound.

  • And by the same token, if your insight into what makes people unhappy is razor sharp, and your solutions bold,

  • then however difficult the journey,

  • your business will stand a high chance of making money and benefiting humanity too.

Many of us want to become entrepreneurs.

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