10 Important Points about Entrepreneurship

TechInAfrica – Some say that entrepreneurship is for everyone, some say it is not—it is for those who have certain values which others don’t. Whichever you agree on, entrepreneurship is not easy. They have to be tough and see an opportunity in every challenge.

Their business is always a constant test to their capabilities of being entrepreneurs, including failures, accessing capitals, and venture into the market with limited knowledge. Only those who have entrepreneurs’ mentality will survive.

Cited from businesstoday.co.ke, here are 10 important points of being entrepreneurs for business starters looking out to venture into this field.

1. Read a lot

Many successful entrepreneurs agree that books give you more information and stay up to date with the trends in technology and other related fields. Moreover, inspiring books give you such motivation you need, especially when you are on the low. So, always read lots of books no matter how busy you are. Spend at least a half hour to read books.

2. Keep your word

Trust is important, especially when you sell your service or products to consumers. People will always remember the words you say, so, make sure you always to keep it. When you promise to do something, always remember that people remember it and it means anything to them.

3. Have self-discipline

When you decide to be an entrepreneur, self-discipline is a must. It determines how far you can go with what your business. You have to be the one who manages your actions because nobody will order you what to do. Being self-discipline means you have good management in executing and assigning your daily duties. Additionally, you also should have the mind when to pay your employees and rent.

4. Focus on customer satisfaction

As an entrepreneur, you have to put customer satisfaction as the top of priority. It is worth noting that customers are at the heartbeat of any business that you always need to pay attention to. The saying “the customer is always right” is definitely describes how customers are holding the key of your success.

5. Plan your time-spend well

No matter how busy your schedule is, make sure to always plan your time well. In a week, at least you have one “me time” day, stay off from your busy schedule. It helps to keep your sanity and release stress away. On the other hand, at the end of your busy days, always make sure to plan your activities for the next day, week, or the month.

6. Stay positive

Negative energy will drain you while positive energy boosts your inner peace. Positivity helps to survive when the storm hits your business. Many successful entrepreneurs agree that positive energy attracts more positive response while negativity is the other way around.

7. Don’t be afraid of failing

Most successful entrepreneurs have failed before yet they learn from their failures and mistakes to improve their strategies. If you want to succeed in running any business, the first thing to keep in mind is not to be afraid of failing. You have to pick yourself up every time you fail. This mentality brings you to a successful life and career.

8. Believe in yourself

Believe in yourself. Always tell yourself that you can do it. Every time you face a new challenge, always believe that you can get through it. Without self-trust, you will never achieve your ultimate goal: success.

9. Experience is important

In entrepreneurship, the experience is very important. It helps you to encounter challenges in running your business. Before you run a business, make sure you have gained enough experience from employment.

10. Entrepreneurship is not easy

Entrepreneurship is indeed not easy, it requires time and patience to achieve success. Often times, many entrepreneurs fail even before they reach their goal. Therefore, you need to develop a strong mentality to help you endure all harsh and favorable conditions when running your business. It’s worth noting to always be prepared to lose your money, customers, friends, or even family.

Source: businesstoday.co.ke