Starting any business is easy but these are the lesson you must learn before becoming an Entrepreneur can boost your business to a greater height.
Top 5 Lesson Before Becoming An Entrepreneur
Gone are the days when people are only focusing on getting Jobs in recognized company and earn a descent income but that scenario is changing now. People are now more into Startup and want to became a successful Entrepreneur.
But people makes mistake in Starting their new venture and stops in midway. So what you can do to prevent failure.
These Option Can Save You From Making that Mistake
I have been in the same position as you are now. But after hard work of 5 years I can now tell you about the things I would have not done. So here is some motivation which might save you from failure.
1. You Cannot Work Alone
You may have started your Startup or Blog alone, As I did some year before. But the fact is that you alone can’t handle all the department.
I too have failed in managing all Blogs by Myself which I have paid price by Loosing all the equity to other person and don’t have that blog now.
Don’t hesitate to ask for help. You might be best in your field but you alone can’t handle all the department. Like in Blogging you have to have Copywriter, Social Marketing person and the one who takes care for all the department (Managerial Role). That include if you have multiple blogs like now I have Crackjacks and Success Piper.
Single Blogs can be managed by one person but having multiple Authors/Writers can boost the Blog at super speed.
So don’t hesitate to ask for help. You can ask your friend or relative for help. Even if you get 1-2 post a week you will have a little help to boost for your success.
If you want to have a professional help you can get by spending few money to hire someone to do your work.
There are many sites that can help you in doing your work. Some are given below.
2. Stretch Your Budget
Even if You are a Startup You cannot start your Business from scratch. You have to set a particular budget for the business you are into.
For starting successpiper.com it cost me domain price and Self hosting price. Similarly the same goes in any other platform of startup.
There is provision to start a free blog and earn a descent income but that all does not last long. Plus a dot com domain always been a standard of Brands.
You can even start your Online store or Freelancing site from as low as $29-$299.
The budget should be efficiently used in order to maximize the profit.
3. Look Professional
Professionalism is the major aspect during most of the Startup Business if you want people to take you seriously.
The first thing people will notice about you is your website. Its your first virtual handshake and people will notice.
A well designed website with custom email id gives a professional feel to your business.
A well designed Business card is also the best way to promote your business offline and it will give people the trust for your business.
Having a banner around your locality can be an added advantage to promote your business offline.
4. Read Everything
There is so much learning to do! And the quicker you can tackle the learning curve for your industry, the better you’ll do.
Obviously, what you should read depends on your niche. But the bottom line is that you need to learn as much as you can and stay up to date with your industry.
And reading is a heck of a lot cheaper than continually trying and failing.
5. It Takes Time to Establish
We all heard a saying “Success Don’t Come Overnight.” And this is true for every small and large scale business.
Being an entrepreneur is not a get rich quick scheme. Apparently, 2-3 years is the common time frame before a startup makes it big or sells out. Which isn’t encouraging, since 50% of startups don’t make it past year 2.
And if you’re starting without funding, it could take you a while longer to build up capital just to get the gears turning. This all means that patience will become your best friend, and possibly your biggest challenge.
These are some of the lesson you must learn before becoming an entrepreneur not only increase your sales but also makes you a brand.
Spread the articles so that new Entrepreneur could learn something.