Being an entrepreneur at a young age is the desire of most of us. Only, the process to reach that level is not as easy as turning the palm of the hand. There are many factors that must be considered from how to start a business, how to manage and develop them into productive and competitive business, and other important matters.
Well, according to Scott Gerber of entrepreneur.com site, there are 10 important things that should be known by an entrepreneur (entrepreneur) who are just starting a business. What is it?
Focus. Focus and Focus!
Often a novice entrepreneur seemed impatient to 'take' all the business opportunities that exist. In fact, as is known, opportunities always look like a wolf in sheep's clothing; uncertainty.
Perform various types of businesses at the same time not only requires a lot of resources, but will also split your focus so that might be all that you have previously initiated will end with a failure.
Should do one thing perfectly, rather than make 10 things that do not work perfectly. If you feel the need to jump into another project, it should be a business idea of your own, do not easily influenced by other people's business idea before you actually have to exist with the current business.
Know What You Do, and Do What You Know
Do not start a business just because it looks cool or offering large profit margins and rapid return on investment. Do what you love with people you care about. Business is built with strength and talent that you have will have a greater chance of success.
It is not only important to create a profitable business and stay productive, but it is also important that you're happy managing and growing day by day with your business. If your heart is not in it, be sure you will not succeed.
Act It Simple
Forget swanky offices, luxury cars or anything else that describes the 'social status' as a successful entrepreneur. All this in turn will come to you, but not now.
Today, you must know your business cash flow and make sure it goes in a positive way. If the cash flow of your business is not running correctly, then rest assured your business will soon be over.
Know what you know, what you do not know and who knows what you do not know!
Get to know yourself! No one knows everything, so do not knowledgeably to all your business dealings. Make sure that you along with advisors and mentors that will help you become a better entrepreneur. Befriend entrepreneur who has been successful, especially with those who have business interests and goals similar to yours.
Do Too much indulgence in Words
The most important thing is ACTION, not words. Do not be too frequent indulgence in the business plan without any real action. Do not be too boast this achievement while, when the purpose of your business is still very far ahead. In essence, prepare everything well, no need to say much!
Learn from Failure
No business or business plan can predict the future or fully prepare you to become a successful entrepreneur. There is no perfect plan.
Do not jump straight into a new business without careful thought or planning, but also do not wait too long to execute a business opportunity. The most important thing you can do is learn from your mistakes - and never make the same mistake twice.
Save!
Yes, this is true. If you are just starting a business, rest assured there will be no investors willing to help you with it. Find a way to prove your business model on a shoestring budget. If your concept is successful, your chances of raising capital from investors will dramatically increase by itself.
Keep Health
You will be much more productive when in a healthy state. the entrepreneur lifestyle, not a job that should take up 80% of your time. Eat right, Exercise regularly and take time for yourself and your family.
Master 100% of your Business Concepts
Take charge of your business concept. This is very important, especially if your business needs help investors or cooperation with other parties. If you can not clearly describe your business, rest assured there will be no investors are interested in investing with you. Scott says: "Say it in 30 seconds or do not say it at all!"
Know When to Quit
A smart captain will not sink the ship. Do not do stupid things just for the sake of ego or to prove to others that you can also make a business. If your business idea is not going well, reflect on what went wrong and the mistakes that have been made.
Evaluate what would you do differently. Determine how you will use the things that are hard to get better for the future of your business. Failure is inevitable, but a true entrepreneur will always make it past any difficulties.
Hopefully Helpful and good luck. The focus of what you want to achieve then you will be successful. good luck.
Focus. Focus and Focus!
Often a novice entrepreneur seemed impatient to 'take' all the business opportunities that exist. In fact, as is known, opportunities always look like a wolf in sheep's clothing; uncertainty.
Perform various types of businesses at the same time not only requires a lot of resources, but will also split your focus so that might be all that you have previously initiated will end with a failure.
Should do one thing perfectly, rather than make 10 things that do not work perfectly. If you feel the need to jump into another project, it should be a business idea of your own, do not easily influenced by other people's business idea before you actually have to exist with the current business.
Know What You Do, and Do What You Know
Do not start a business just because it looks cool or offering large profit margins and rapid return on investment. Do what you love with people you care about. Business is built with strength and talent that you have will have a greater chance of success.
It is not only important to create a profitable business and stay productive, but it is also important that you're happy managing and growing day by day with your business. If your heart is not in it, be sure you will not succeed.
Act It Simple
Forget swanky offices, luxury cars or anything else that describes the 'social status' as a successful entrepreneur. All this in turn will come to you, but not now.
Today, you must know your business cash flow and make sure it goes in a positive way. If the cash flow of your business is not running correctly, then rest assured your business will soon be over.
Know what you know, what you do not know and who knows what you do not know!
Get to know yourself! No one knows everything, so do not knowledgeably to all your business dealings. Make sure that you along with advisors and mentors that will help you become a better entrepreneur. Befriend entrepreneur who has been successful, especially with those who have business interests and goals similar to yours.
Do Too much indulgence in Words
The most important thing is ACTION, not words. Do not be too frequent indulgence in the business plan without any real action. Do not be too boast this achievement while, when the purpose of your business is still very far ahead. In essence, prepare everything well, no need to say much!
Learn from Failure
No business or business plan can predict the future or fully prepare you to become a successful entrepreneur. There is no perfect plan.
Do not jump straight into a new business without careful thought or planning, but also do not wait too long to execute a business opportunity. The most important thing you can do is learn from your mistakes - and never make the same mistake twice.
Save!
Yes, this is true. If you are just starting a business, rest assured there will be no investors willing to help you with it. Find a way to prove your business model on a shoestring budget. If your concept is successful, your chances of raising capital from investors will dramatically increase by itself.
Keep Health
You will be much more productive when in a healthy state. the entrepreneur lifestyle, not a job that should take up 80% of your time. Eat right, Exercise regularly and take time for yourself and your family.
Master 100% of your Business Concepts
Take charge of your business concept. This is very important, especially if your business needs help investors or cooperation with other parties. If you can not clearly describe your business, rest assured there will be no investors are interested in investing with you. Scott says: "Say it in 30 seconds or do not say it at all!"
Know When to Quit
A smart captain will not sink the ship. Do not do stupid things just for the sake of ego or to prove to others that you can also make a business. If your business idea is not going well, reflect on what went wrong and the mistakes that have been made.
Evaluate what would you do differently. Determine how you will use the things that are hard to get better for the future of your business. Failure is inevitable, but a true entrepreneur will always make it past any difficulties.
Hopefully Helpful and good luck. The focus of what you want to achieve then you will be successful. good luck.
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