10 important things become a successful entrepreneur

BE someone who is successful at a young age or have a life of business success in the old days, is the dream of every person. However, to achieve it all is not easy. Need precision, wit, tenacity, and maturity in making decisions.

To be an entrepreneur or owner of a large company is not as easy as turning the hand. Higher education is not enough. It takes a strong instinct, which may not be obtained on the bench education.

Many of those who succeed in business despite low education, not even finished. Not infrequently also among those in the top university graduates or overseas fails to build a business. What is wrong?

In business start up a business that you like, and know what you will do. Reporting from Entrepreneur.com, there are 10 things that must be considered to be a successful entrepreneur. Excerpts:

1. Focus, focus and focus

Many first time entrepreneurs build businesses jumped when he saw a chance to come. This opportunity is often a trap "wolf in sheep's clothing". Juggle some businesses will limit the effectiveness and productivity. Should do one thing perfectly, not a bad thing. If you need to jump to another project, it should be from your original concept.

2. Know what you are doing. Do what you know

Do not start a business just because it seems sexy or offer large profit margins. Do what you love. Businesses built around the strength and talent will have a greater chance of success. It is not only important to create a profitable business, it is also important that you are happy to manage and grow from day to day. If your heart is not in it, you will not succeed.

3. Let's say in 30 seconds or do not say it at all

In a chance meeting with an investor, you should always be prepared and understand your business. State your mission, service and goals clearly and concisely. Convince these people. If you do not understand, do not say that makes him hesitate.

4. Know what you know, what you do not know, and who knows what you do not do

No one knows everything, so do not come as a know-it-all. Surround yourself with advisors and mentors who can help be a leader or a better entrepreneur. Find or someone knowledgeable individuals, business interests and the same goals, as well as seeing the value of working together with you for the long term.

5. Start saving act

Forget fancy offices, fast cars and large accounts. Wallet you live from the blood of the company. Practiced and perfected the art of frugality. Note any dollar or rupiah by checking every expenditure. Maintaining low overhead and manage your cash flow effectively.

6. Learning under fire (under fire)

No business book or business plan can predict the future or fully prepare you become a successful entrepreneur. Nothing is perfect plan. There is no perfect way or the easy thing to go through. Do not jump right into a new business without any thought or planning, but do not spend months or years awaiting execution. You will become a better entrepreneur when tested under fire. The most important thing you can do is learn from your mistakes, and never make the same mistake twice.

7. No one will give you money

Think, no one will invest in your business. If you need a big capital to start a business, go back to the planning board. Find a starting point, not an end point. Lowering expensive plan and spending wah. Simplify the idea until it can be managed as an early stage venture. Find a way to prove your business model on a tight budget. Demonstrate your value before seeking investment. If your concept is successful, your chances of raising capital from investors will dramatically come.

8. Live Healthy

You will be much more productive if more attention (health) yourself. Entrepreneurship is a lifestyle, not a profession 9-to-5. Working to exhaustion will burn your energy, and make you less productive. Do not make excuses, eat right, exercise and find time for yourself.

9. Do not become a victim of its own boastfulness

Do not talk the talk unless you can do it. Impress with action not conversation. Support your business not only with enthusiasm, but the taste. Avoid exaggerating truths and touting far from achieving the goal. In short, do or shut up.

10. Know when to quit

Contrary to the beliefs of each person. A smart captain does not go down with the ship. Do not go on a fool's errand for the sake of ego. Know when to walk and go. If your idea is not going well, reflect on what went wrong and what mistakes were made. Assess what you would do differently. Decide how you will use this as a hard lesson for the better and your future entrepreneurial businesses. Failure is inevitable, but a true entrepreneur will win the trouble.