How to be an Entrepreneur on NewsFeed - So you want to be an entrepreneur, but you weren’t born into Donald Trump’s family and you didn’t think of Facebook in time, well you’re in luck, because being an entrepreneur is easy. First, think of a really good idea that nobody has thought of yet and register it as an LLC. Second, get a small business loan for hundreds of thousands of dollars to start up the next Dave and Buster’s! And third, watch your credit slip into oblivion because you didn’t have a proper business model, your permits didn’t come through, your idea was pretty terrible and the government is taxing you out the ass to compensate for the billions we owe China.So you want to start your own business. It is as easy as thinking up an idea that nobody has thought before, cashing in all your spare change, getting a business loan, and losing it all when it doesn't make any money.