Are you thinking of starting a business ? Then you have come to the right place.
What you are about to read will empower you to take that first dramatic step toward starting your own business and doing it right the first time.
There’s no doubt that setting up and making money from your own business is one of the most rewarding ways to earn a living and also the most challenging.
Consider these while Starting Business
There Are Incredible Highs and Lows
They say that being an Entrepreneur is one of the loneliest jobs on the planet.
But they also tell you that it’s one of the most rewarding ones that can create unlimited freedom for you, too.
There will be times when business is booming, and times when things are slow, but that’s all part of the journey. Entrepreneurship has its mixed bag of highs and lows.
Learn from the lows and feel inspired by the highs, and hopefully that will translate to a smoother ride with your business.
The more prepared you are, the more equipped you’ll be to handle the challenges of entrepreneurship.
Mentors are necessary
Experience is a very expensive asset yet it’s crucial to business success.
Having someone who has walked the path as an entrepreneur is vital. You can gain wisdom from your mentor’s experience and discover insights that you would never have had before.
Perhaps the most obvious benefit of finding a business mentor is that you can learn from their previous mistakes and successes.
Your mentor, being an experienced businessperson, is likely to have an extensive network, and can offer you access to far more senior decision-makers than you currently have.
As you can see, the rewards of having a business mentor can be great and the risk is non-existent.
Here are reasons having a mentor is important.
- A mentor will help you stay in business longer.
- You’re more likely to succeed with a mentor.
- Network opportunities.
- Gain experience not shared in books.
It can be lonely
Research has shown that entrepreneurship can be a lonely journey. It is, however, mostly ignored and rarely discussed.
As any successful entrepreneur will tell you, it’s not always easy. In fact, entrepreneurship is almost never easy.
Along the entrepreneurial journey, there are a good number of successes to share with your team, with your stakeholders and your customers. But there are a ton more failures and setbacks. Few people around you share in those.
That means you are essentially alone. You can only rely on yourself.
Your first idea probably won’t be your best idea
Some of the greatest entrepreneurs had to settle for their plan B. Henry Ford went bankrupt twice before creating the Ford car company which made him $199 billion.
Sometimes Entrepreneurs first idea fails because they don’t solve the following business problems:
- No one wants the product or service you are selling.
- Everyone else is selling your product/service (or a reasonable substitute) and they are doing it better than you.
- No one knows about the product you are selling. Or it is not findable where people that need it are looking.
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