The Path to Successful Entrepreneurship

Successful Entrepreneur

The Path to Successful Entrepreneurship

The road to becoming a successful entrepreneur is often long and tedious, full of trial and error and setbacks. However, for those who are able to persevere and overcome those setbacks, the rewards can be significant. The world is full of people who dream of becoming an entrepreneur. Some of them want to start a business, others want to create a groundbreaking new product, or solve an existing problem with a disruptive solution. However, the large majority of people who want to start a company or become an entrepreneur either don’t ever get started or fail miserably. So how does one go about becoming a successful entrepreneur and what does it take to start a successful company?

Choose Something That Matters to You

Recently, Facebook founder and CEO, Mark Zuckerberg shared some of his insights about starting a company in an interview with Y Combinator. Mark started his own company when he was only 19-years-old, so he knows a thing or two about getting started early in life. However, he has some words of advice for any young person who wants to do something to impact the world. “I always think that the most important thing that entrepreneurs should do is pick something they care about, work on it, but don’t actually commit to turning it into a company until it’s working.” In reality, he said, a large percentage of the best companies that have been built have followed this pattern.

Motivated by a Desire to Make a Difference

In other words, the best companies often come from people who are passionate about changing something but not necessarily from people who decided upfront that they wanted to start a company, without really having a product or service in mind. In Facebook’s case, for example, Mark says he didn’t really set out to start a company and he wasn’t really sure of the moment it became a company. “I think it became a formal Delaware company when Peter Thiel invested about six months in.” Despite its an initial promise, he said his plan was to actually go back to school and continue his education while working on Facebook on the side.

A Company Born Out of Necessity

He and his partner just got busier all the time but they still didn’t drop of school. However, as the workload increased it became more evident that they couldn’t do both at the same time. Eventually, they told Harvard they were going to take a semester off. After that, they took another semester off and then it turned into a year off. They ended up not going back. So for Mark, even though he wanted to keep working on Facebook and taking it to loftier places, he didn’t start out dreaming of building a company. It was only after he and his partner, and eventually their investors, developed the groundwork of what would become the largest social media platform in the world, that they realized it was time to start a company.


We hope you found this article about “The Path to Successful Entrepreneurship” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio is a proud sponsor of The American Dreams Show.



The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4 (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

Unlocking Success, One Idea at a Time: An Interview with Lynn Thomas CEO of Thomas Consulting Inc.

See Lynn Thomas’ Recent Interview with Alan Olsen: Lynn Thomas has been helping clients unlock success, one idea at a time by executing tailored client presentations that deliver extraordinary client experiences. Her firm specializes in creating and implementing plans based on new tax laws and the ever-changing market research. Lynn connects with her clients…

Pushing the Boundaries of Science and Technology: Insight from Dr. Lee Hood

See Dr. Lee Hood’s recent interview with Alan Olsen: Dr. Lee M. Hood is best known for his development of technologies which have enabled the advancement of predictive, preventative medicine. Dr Hood’s journey began at a young age, when he was an assistant professor of molecular immunology at California Institute of Technology in 1973.…

Ali Nasser: Building A Successful E-commerce Business From The Ground Up

See Ali’s recent interview with Alan Olsen on Youtube: Ali Nasser is a serial entrepreneur who has been helping business owners for nearly twenty years. He understands the legacy dilemma and financial freedom that many business owners face when it comes to their life experience, which is why he has developed a powerful and…

The Master of Retention with Lynn Thomas, CEO of Thomas Consulting Inc

Transcript Alan Olsen Welcome to American Dreams. I’m here today with Lynn Thomas. Lynn, welcome to today’s show. Lynn Thomas Thank you for having me on. I’m delighted to be here. Alan Olsen So Lynn, for the listeners, you have a remarkable career. I think you started out with Arthur Andersen. Lynn Thomas Yes, I…