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10 Tips for Entrepreneurs

10 Tips for Entrepreneurs

Being an entrepreneur is difficult and not having guidance makes it even worse. Here’s a tip or two that could help.

10 Tips for Entrepreneurs
by Chrissie Kafalinji

 

Tip 1: “Changes call for innovation, and innovation leads to progress.”- Li Keqiang

Entering the Business world is not as easy as it may seem. One of the hardest issues is convincing people that your product or service is somehow better than the rest and actually worth their time. The fact is if you’re entering the market with a product or service that already exists you need to be innovative in the way in which you choose to present your business to the market.

Tip 2: “Leadership is the capacity to translate vision into reality.” -Warren Bennis

Becoming an Entrepreneur is about supplying the world with a product or service that you feel is important. Those brave enough to not only follow their vision, but to share it as well. The hardest part of this Tip may be the fact that not everyone will share your vision and this will lead to doors being shut in your face or worse having big corporations stealing your ideas.

 

Tip 3: “The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”-Mark Zuckerberg

As an Entrepreneur the word risk doesn’t exist in your vocabulary, what does exist is an opportunity. Risks will always exist, but with the large growth in entrepreneurs on a daily basis. The biggest risk is waiting for the perfect time to become an Entrepreneur.

 

Tip 4: “There’s a lot of whiners in every crowd.” –R. Lee Ermey

As Entrepreneur you aren’t a stranger to struggle, but you also understand the value of time. Simply hanging around complaining isn’t exactly going to help you solve any crisis. Therefore, it’s best to keep the vision close, so surround yourself with people who have already achieved what you’re working towards.

Tip 5: “Patience is not simply the ability to wait – it’s how we behave while we’re waiting.”  -Joyce Meyer

Patience is key in Entrepreneurship. Understanding the that success takes time and that however long you think it is, the journey is probably longer. It’s one thing to have patience, but your behaver is also important. You can’t lose momentum during this process.

 

Tip 6: “I look to a day when people will not be judged by the color of their skin, but by the content of their character.” Martin Luther King, Jr

Character might not seem that important in the beginning, but when you need to align your business with your personnel the stretch can’t be too far off. This could compromise your work culture and environment.

 

Tip 7: “What you get by achieving your goals is not as important as what you become by achieving your goals.” -Zig Ziglar

There is no better way to measure your success then by setting goals. Goals of act as a map of the places you need to be before you reach your destination, but it also challenges you if you set time limits with each goal.

 

Tip 8: “A satisfied customer is the best business strategy of all.” -Michael LeBoeuf

Understand their problems and you will develop a better solution. The client comes first each time and every business should understand this. About 80% of the business, comes from about 20% of the clients.

Tip 9: “There exist limitless opportunities in every industry. Where there is an open mind, there will always be a frontier.” -Charles Kettering

As an Entrepreneur, you need to understand your industry. Once you understand your industry, you will have the ability to attract your market towards you. Simply, because you know what you want.

 

Tip 10: “Give your clients the earliest delivery consistent with quality – whatever the inconvenience to us.” -Arthur C. Nielsen

The client’s satisfaction is essential for growth with any business. More than the pursuit of new clients the tending to your current clients is more important, simply because they could either make or break you. Having a loyal client that adores you and spreads the word about your product or service is never a bad thing.

 

References:

https://www.santam.co.za/blog/business-advice/10-tips-for-becoming-a-successful-entrepreneur/

https://www.entrepreneur.com/article/203254

https://www.entrepreneur.com/article/247540

https://www.entrepreneur.com/article/297978

 

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