It’s no surprise that many people fantasize about a life where they are their own boss. Being an entrepreneur means living independently without the need to follow orders. Furthermore, entrepreneurship may lead to flexible work hours with no limit on your income and owning your own business empire.

However, building a business from the ground up is no easy feat. Only 40% of small businesses are profitable, while the other 60% either break even or lose money continuously.

So how exactly does one master business in this harsh economy? Though there is no fixed formula, but here are some tips on learning how to help you learn business and get started as an entrepreneur.

1. Start Small

Starting small is underrated. Most aspiring entrepreneurs try to hit the ground running immediately, before even learning the basics and pitfalls to avoid. My advice is to take things slowly in the beginning…

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