Being an entrepreneur at a young age is a dream most of us. Only, the process to achieve those levels 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.
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?
1. Focus. Focus and Focus!
Often a novice entrepreneur as if impatient to 'take' all the business opportunities that exist. In fact, as is known, opportunities always appear like a wolf in sheep's clothing; uncertain. Perform various types of businesses at the same time not only requires a lot of resources but will also divide your focus so that might be all that you have previously initiated will end up with a number of failures.
Should do one thing perfectly, rather than making 10 things that did not work perfectly. If you feel the need to jump into another project, preferably it is your own business idea, do not easily influenced by other people's business idea before you actually have to exist with current business.
2. Know What You Do, and Do What You Know
Do not start a business just because it seems cool or offer large profit margins and quick turnover. Do what you love with people you care about. Businesses are built with the strength and talent that you have will have a greater chance for success.
It is not only important to create a profitable business and stay productive, but it is also important that you are happy to manage and grow day by day with your business. If your heart is not in it, sure you will not succeed alone.
3. Master the 100% of your Business Concept
Take charge of your business concept. It 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 interested in investing with you. Scott says: "Say it in 30 seconds or do not say it at all!"
4. 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 know-it for all your business dealings. Make sure that you along with advisors and mentors who will help you become a better entrepreneur. Befriend an already successful entrepreneurs, especially with those who have business interests and goals similar to yours.
5. The Simple Act
Forget the stately offices, luxury cars or other things that describe 'social status' as a successful entrepreneur. All this in turn will come to you, but not now. Currently, you must know your business cash flow and make sure to walk in a positive way. If the cash flow of your business is not running correctly, then rest assured your business will soon be over.
6. Learn from Failure
No business or business plan that can predict the future or fully prepare you to become successful entrepreneurs. No plan is perfect.
Do not jump straight into a new business without careful thought or planning is good, but not too 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.
7. Be Economize
Yes, this is true. If you are just starting a business, rest assured there will be no investors are willing to help you just like that. Find a way to prove your business model with a frugal budget. If your concept is successful, your opportunity to raise capital from investors will dramatically increase by itself.
8. Keep Health
You will be much more productive if in good health. entrepreneur's lifestyle, not a job that should take up 80% of your time. Eat right, Exercise regularly and set aside time for yourself and your family.
9. The word indulgence Not Too Much
The most important thing is ACTION, not words. Do not be too frequent indulgence in business without a plan of action. Do not be too much to boast the achievements of the moment, when your business goals are still very far ahead. In essence, prepare everything nicely, do not have much to say!
10. Know When to Stop
A smart captain will not sink with the ship. Do not do stupid things just for the sake of ego or to prove to others that you too can make a business. If your business idea does not go well, reflect on what went wrong and the mistakes made.
Evaluate what would you do differently. Decide how you will utilize the things that are difficult to get any better for the future of your business. Failure is not inevitable, but a true entrepreneur will always work through any difficulties that exist!
Good luck!
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