Useful Tips for Upcoming entrepreneur
Ojo Taiwo
In the world where unemployment is striving, one of the ways out is been an entrepreneur. An entrepreneur is a special breed of a businessperson who wants to own his own business. While many people dream of owning their own company and creating their own schedule, the entrepreneur path is not for everyone. A true entrepreneur sees the difference between a nice dream and a viable, money-making concept. Research the project, time and money requirements of being an entrepreneur in details before deciding to quit your day job and venture out on your own.
To be a good entrepreneur you need time, money and sometimes good personality. However there are others things require,
The following things should be put in place before you venture into your own business.
1. Evaluate your ideas:
What do I have a passion for? Write out your ideas, do a feasibility study on what is require for the business. Have a unique thing you want to add to your own idea that will make it different from others. Know all the necessary things you need to start-up.
2. Be Creative:
Creativity will sell you. What is a business idea if not a creative solution to a common problem? When you encounter obstacles in a new business or just need something new, your creativity is what will lead you to your next great idea.
3. Plan for the future:
When planning for the future, you need to check the risk involve in the business, before venturing into it. What drives you to chose the business, what are your business goals, when you start expanding how do you plan to manage it. When will I need more hands, how will I keep managing the business standard and goals, how will I manage my earning and expenses that won’t affect the business. All these are the questions to ask yourself before putting your leg in the business.
4. Evaluate the risk:
In every business risk is involved, even by going into business, you are taken a big risk. Since you have made up your mind to face the challenge, then you musk plan on how you will tackle the business challenges when it arises. Go to people who have done the same business and have failed. Learn from their mistakes and build on it.
5. Be passionate about it
When you are passionate about your vision it keeps you moving. Passion drives you. It’s what makes you work extra hours, go the extra mile, and take the necessary risks to make your ideas a reality. Without it, you’re severely stifled. Plus, if you aren’t passionate about what you do, how can you expect anybody else in your business to be?
6. Plug into it:
Start from small, put yourself in your vision, sleep and wear it everywhere you go. When you put yourself in your vision it will be easy for you to fulfill them when you wear it, you will always be pushed by it till you reach greatness. When you plug into your vision, you will easily adapt to changes, because they’ll need to evolve and it’s your responsibility to oversee.As most businesses fail due to the inability for the visionaries to adapt to change as it evolves. The world is not static, it rotates, gone are the days when Benz is the best car, every day new cars are produced and people change their preference daily.
7. Map out your work ethic:
Map out all your work ethic and disciplinary measures that will help you in your business. When you don’t punch a time clock or answer to a boss, it can be easy to take extra time off.
Every entrepreneur needs to put the required time into developing his business and not fall into a relaxed lifestyle. So it is necessary to give yourself a target and the time frame to work, so you can be able to measure up your success and your effort.
The moment other hands begins to join you, they will have a work ethic to run with and discipline will not be an issue.
When you put all steps into practice, You are bound to excel as an enterpreneur.
ALSO READ:17 SIGNS YOU ARE NOT PRUDENT IN YOUR MARRIAGE
Follow us on Facebook – Dailyfamily.ng, Twitter – @DailyfamilyNG and instagram @dailyfamilyng for more updates.
