Becoming a successful entrepreneur is one of the most profoundly difficult, yet rewarding things someone can strive to achieve. No matter how difficult though, there is plenty of proof that success is possible.
One thing that all entrepreneurs have in common is that none of them became successful by following the exact same path. In this article we will explore 6 tips from 5 different, highly successful entrepreneurs and go over why these tips are beneficial.
Don’t Plan to Jump Ship Before You Have Even Begun
While an exit plan can be beneficial once you have succeeded and are ready to retire, it’s not something that essential to a start-up. People often come up with exit plans when they are afraid of failing which is natural part of the process. Unfortunately people get so wrapped up in how they are going to get out of their business if it fails that they forget to plan for what to do if they succeed.
As a new entrepreneur or small start-up, all of your focus should be on getting things up and running so you can do what you set out to achieve. Planning for success instead of failure is a better way to handle things. Plan for how you are going to celebrate when you achieve each milestone or goal you set out to conquer.
In an interview with Rieva Lesonsky of web.com’s Small Business Forum, Thomas Gorny of Nextiva said “As an entrepreneur, you shouldn’t have an exit strategy. If you are planning for an exit, your mind is focused on the wrong things for your business. It is the same advice that I would give to anyone today.”
Frustration is a Waste of Time, Just Keep Moving
Many people believe that frustration, anger, and sadness are part of the journey to becoming successful. This couldn’t be further from the truth. Instead of allowing those frustrations to take root, turn them into action and move forward with your plan. That means making more phone calls, knocking on more doors, sending out E-mails, whatever it is that is going to get your brand to the people. Eventually you will come across someone who believes in you and your product as much as you do.
During an interview with Alexandra Salas of Ladieswholaunch.com this is what Essie Weingarten had to say about frustrations, “Never, ever get frustrated. Perhaps they’re not interested in your product or service now, but they will be. They just don’t know it yet. When they come back, and they do, you are in the driver’s seat. You set your terms. They want and need something only you can give them.”
Networking is Highly Underrated
Becoming an entrepreneur doesn’t mean you have to go it alone. In fact there are millions of people on the journey to becoming successful doing something they love. Get out there, talk to other people who are actively involved in your niche, whether it’s a hobby or their work. They might be able to give you tips on businesses or people who purchase similar products, marketing, and a plethora of other topics.
Clare Dreyer, a success strategist and inspirational speaker, noted that it is important to not only make connections but to stay in touch with them and to ask for advice and assistance. The relationships you make, today can greatly impact your life and business tomorrow.
Have a Plan in Mind
Before you delve into the entrepreneurial world, it is important to figure out what you are good at and what you want to do. It is difficult to hone your skills perfectly for one niche, let alone several. It is also important to think about what you are actually good at. An industry is not a niche, isn’t a specialize trade, it is an umbrella term that describes many jobs and skills.
Hone Your Skills
Going back to the DIY example, DIY (Do it yourself) is a broad term that is used to describe many things from handmade furniture, re-purposing items, to handmade furniture, and home design. As you can see within this one area, there are several niches that one can become an expert in. Some of which have niches of their own, such as handmade jewelry. Handmade jewelry describes several different techniques and materials that can range from metal to clay beads. According to George Shepherd many people spread themselves too thin and end up quitting because they are simply too tired.
Focus on Helping Others, Not Money
Most of the time people go into business for themselves to make money. It’s rare when someone starts up a company just to be of service and to help others. However, that’s exactly what Rena Hedeman says you should do. Even before you begin your business, you should be trying to figure out how you can add value to the lives of others, how you can be of service, and how you can make a difference. Focus on what you love and the money will follow.
Customer service is highly underrated in today’s business world. Because of that you see a lot of people who are unhappy, not just with products and services, but their lives in general. If every item a person buys doesn’t do what it’s supposed to, how is it adding to their lives or making things easier? It isn’t, so take a look at what you want to do and ask how it helps.
Becoming an entrepreneur is not nearly as easy as it might seem at first. It often takes a lot of hard work and time to become successful. There are several things you must take into consideration and figure out. Entrepreneurship is an adventure; if you stick to doing what you love you will eventually succeed. There will be some bumps in the road and maybe some hard times, but planning ahead is a great way to do this. Get out there; network, become a guru, and have an awesome plan to help you along the way.