50 Views

How To Be A Successful Entrepreneur

Being an entrepreneur is an exciting and potentially highly profitable venture. However, entrepreneurs incur huge risks since there’s a high likelihood of failure. To be a successful entrepreneur, you have to have the right attitude, build your business intelligently, and keep it running with wise management. Here are a few easy steps on how to run your own business successfully!

Having the Right Attitude
Love what you do. Passion is the single most important ingredient for a successful business. If you don’t love what you do, entrepreneurship will be a constant grind that ends in defeat. As the owner of your own business, you have to go all in. You can’t do that unless you love your company.
*Make a list of your strengths and weaknesses. Have your business play to your strengths. For instance, if you specialize in cooking and customer service, start a restaurant! If you’re more mathematically oriented, go into accounting or engineering. If you’re a people person, start your own party planning business!
*Make a list of your passions. If you love baseball, running, watching sports, and going to the gym, consider starting a personal training business.
*If you are already an entrepreneur, ask yourself if you love what you do. Be honest with yourself. If you truly do love your work, your determination will be reaffirmed. If you’re struggling and don’t like the kind of work your business does, consider changing your company to align with your interests or starting over from scratch.
*Take your work seriously by giving your business your full attention and effort. Be determined to succeed. A positive mindset will lead to positive results. Running your own business is more than a full time job. It’s your life. You need to be committed or you won’t make it.
*Be prepared to work harder than you’ve ever worked before. Starting a company from the ground up requires an enormous effort. You need to be committed if you hope to succeed.
*Have a mindset of working as hard as possible. This will be stressful, but especially at the beginning, there’s no time off. You need to work constantly to grow your business. Otherwise, somebody else is working harder than you and they’ll succeed rather than you.
*Work from home. Answer emails and make calls even when you’re out of the office.
*Make sure you take time off too, though. It can be tempting to work 24/7. The trick is to be at 100 percent when you work. Working harder is better than working longer. To be at your best, you need time off. Take a short vacation if you’re feeling burned out. Take time to stretch your legs and relax during the work day. Take lunch breaks every day.
*Be organized. Organization is key to being efficient with your time. This doesn’t just mean keeping your paperwork and files in order. You have to have systems and routines in place to accomplish daily tasks. To-do lists are a great way to stay organized.
*Create a calendar that has everything on it. This is more efficient than separate calendars for separate activities. Include work, social, and family events into your calendar. Keep it up to date, and check it regularly.
*Budget your time wisely. You should look to fill the entire day with productive work, punctuated by short breaks. Don’t waste time on a fool’s errand or a long shot.
*Don’t be afraid to innovate. Tap in to you inner creativity and trust your intuition. A big part of what sets successful businesses apart is that the owners are trail blazers. You can’t just follow in everyone else’s footsteps. At some point, you have to set yourself apart from the pack.
*You need to take risks to be successful. You won’t always have all the information or all the resources necessary to make a decision. Go out on a limb and trust that you’ll make the right choice.
*Brainstorm and come up with new solutions. Try your own method of fundraising or your own approach to managing employees. Better yet, come up with a new product entirely.
*Be willing to listen and learn. This is essential, because you don’t know everything. Build relationships with industry professionals and take their advice to heart. Work closely with your business partners and employees, and ask them for the input. Even if you don’t take it, they’ll appreciate the sentiment.
*Good leaders always ask for help. You need to accept that you don’t know everything, and you can be a better leader with the collective knowledge of your friends and coworkers. Try to find a mentor in your industry to help you along the way.
*Invest in yourself. All the best entrepreneurs take time and money to better themselves and become experts in their fields. Buy your market’s best books and journals, and read about the market every day. Attend business seminars and constantly educate yourself. Practice the relevant skills and take classes.
*Money should be no object when investing in yourself. Those investments will always have the biggest returns in the long run.
*You should, however, balance time spend on yourself and time spent on your business. Your business should come first in the short term, but self-investment should focus on the long term.
*Be an exemplary leader. Project a positive image and it will pervade your company. You are the standard bearer for your business. How you act determines how people perceive your business. Go out of your way to make sure your image is professional and welcoming.
*Go out of your way to make a good first impression. This is especially important when meeting with investors or industry leaders.
*Be encouraging and positive. This positivity will trickle down to the rest of your company.
*Be accessible. Have an open-door policy, and encourage people to come talk to you about anything and everything.
*Always dress for the part. This is essential for your image. Look and act professional at all times.
*Have a top-notch office if possible. If you work from home, have meetings in a public place like a coffee shop or library instead.
*Be prepared to face failure and adversity. Eight out of ten small businesses fail. The odds are against you, and you’re sure to face adversity. To come out successful, you need tenacity and determination. Don’t be afraid to take risks. You need to be relentless and fearless to overcome the challenges ahead. If you aren’t that kind of person, being an entrepreneur may not be for you.
*Find motivation to keep going. Have a personal mantra, a pump up song, a person in your life to push you, or an inner flame that keeps you going. Whatever it is, you need to be strong and motivated.
*If you fail, get up and try again. It may take you a couple tries to get a successful business off the ground. Don’t be discouraged if you fail the first time.

ALSO READ  5 Steps: How To Start A Day Care Center In Nigeria

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Davido Buys iPhone For Friends To Celebrate The Release Of Umarudeen Kayode
Entertainment
32 views
Entertainment
32 views

Davido Buys iPhone For Friends To Celebrate The Release Of Umarudeen Kayode

MT - January 20, 2018

Dmw Boss Davido puts smile on alot of his crew member and friends Face by even going far to get them an iphone X just to celebrate…

Anti-open Grazing: Why APC Governors Are Begging Ortom To Reverse The Law
Politics
34 views
Politics
34 views

Anti-open Grazing: Why APC Governors Are Begging Ortom To Reverse The Law

MT - January 20, 2018

Governor Samuel Ortom of Benue State is under intense pressure to prevail on the state assembly to repeal the antigrazing law, which had become a sore point…

What Could President Buhari Have Told This APC Chieftain That Got Him This Way? (Photo)
Politics
33 views
Politics
33 views

What Could President Buhari Have Told This APC Chieftain That Got Him This Way? (Photo)

MT - January 20, 2018

President Muhammadu Buhari had this man laughing during the dinner hosted for APC Party Chieftains in State House yesterday.

Photos Of American-Nigerian Rapper, Jidenna Smoking Heavily
Entertainment
25 views
Entertainment
25 views

Photos Of American-Nigerian Rapper, Jidenna Smoking Heavily

MT - January 20, 2018

Caption This Adorable photo of Jidenna smoking Heavily Any caption?

Yewande Adekoya Celebrates Her 35th Birthday With Makeup Photos
Entertainment
29 views
Entertainment
29 views

Yewande Adekoya Celebrates Her 35th Birthday With Makeup Photos

MT - January 20, 2018

Actress Yewande Adekoya Stuns In New Makeup photos As She Celebrates 35yrs birthday Today. Yewande Adekoya (born 20 January 1983), is a Nigerian actress, filmmaker, director and…

Why Your Smartphone Can Make Emergency Calls Without A SIM Card
Technology
28 views
Technology
28 views

Why Your Smartphone Can Make Emergency Calls Without A SIM Card

MT - January 20, 2018

If you're an active mobile phone user, you will notice that your phone can actually make emergency calls without any SIM. I know you must be wondering…

PHOTOS: Inside Jubilee Syringe Manufacturing Factory In Onna, Akwa Ibom
Best of Nigeria
25 views
Best of Nigeria
25 views

PHOTOS: Inside Jubilee Syringe Manufacturing Factory In Onna, Akwa Ibom

MT - January 20, 2018

Today the Honourable Commissioner for Information and Strategy Mr. Charles Udoh led print, online and broadcast media professionals to see some of the achievements recorded in the…

World: Cristiano Ronaldo’s Girlfriend Enjoys Playtime With The Twins And Newborn Baby
Sports
26 views
Sports
26 views

World: Cristiano Ronaldo’s Girlfriend Enjoys Playtime With The Twins And Newborn Baby

MT - January 20, 2018

Cristiano Ronaldo’s girlfriend Georgina Rodriguez has shared a sweet snap of herself with twins Maria and Mateo and newborn daughter Alana Martina. Despite having her hands full…

I Spoke To Arsene Wenger About Iwobi’s Punishment After Misconduct- Super Eagles Coach
Sports
46 views
Sports
46 views

I Spoke To Arsene Wenger About Iwobi’s Punishment After Misconduct- Super Eagles Coach

MT - January 20, 2018

Super Eagles coach, Gernot Rohr, has revealed that he reached out to Arsenal boss Arsene Wenger over Alex Iwobi’s disciplinary issues earlier this month. Iwobi attended a…

My Experience At Port Harcourt Maximum Prison – Kemi Olunloyo
Entertainment
42 views
Entertainment
42 views

My Experience At Port Harcourt Maximum Prison – Kemi Olunloyo

MT - January 20, 2018

No one ever prays to go to prison; however, for the popular blogger, Kemi Olunloyo, 2017 is a year that she would likely not forget in a…

13 Steps To Help You Bounce Back From Betrayal
How Tos
30 views
How Tos
30 views

13 Steps To Help You Bounce Back From Betrayal

PH - January 20, 2018

  We suffer quietly through disloyalty from a partner, friend, or family member, but this embeds harmful emotions deeply into our being. Our trust in others erodes…

Residents of Ipoyewa community Laments 15yrs Blackout
General
33 views
General
33 views

Residents of Ipoyewa community Laments 15yrs Blackout

PH - January 20, 2018

Residents of Ipoyewa Phase 3, Adamo, Ikorodu area  of Lagos State have cried out to Governor Akinwunmi Ambode to come and rescue them from total darkness. The…

Friends Of TY Bello’s Throws Her Suprise Brunch To Mark Her 40th Birthday (Video)
Buzz & Trends
45 views
Buzz & Trends
45 views

Friends Of TY Bello’s Throws Her Suprise Brunch To Mark Her 40th Birthday (Video)

PH - January 20, 2018

Nigerian singer, songwriter and photographer, Toyin Sokefun-Bello, better known as TY Bello turned 40 last Sunday, January 14, 2018, and she was surprised by family and friends to…

2yrs After Partial Stroke, Nollywood Actress Iyabo Oko Returns From India
Buzz & Trends
51 views
Buzz & Trends
51 views

2yrs After Partial Stroke, Nollywood Actress Iyabo Oko Returns From India

PH - January 20, 2018

Veteran Yoruba actress, Kudirat Odukanmi Eluyemi otherwise known as Iyabo Oko has finally returned to Nigeria 2 years after she was diagnosed with partial stroke and flown abroad by her eldest son…

Zainab Balogun Wants Her Future Husband To Know This
Entertainment
51 views
Entertainment
51 views

Zainab Balogun Wants Her Future Husband To Know This

PH - January 20, 2018

Zainab Balogun who relocated to Nigeria six years ago, says she doesn’t understand if something is wrong with Lagos men. Nollywood actress, Zainab Balogun who was born…

BBNaija Winner Efe And Olamide Shoot Music Video For Warri (Photos)
Entertainment
37 views
Entertainment
37 views

BBNaija Winner Efe And Olamide Shoot Music Video For Warri (Photos)

MT - January 20, 2018

Big Brother Naija 2017 winner, Michael Ejeba aka Efe and top rapper, Olamide aka Baddo, have shot the music video for the collaboration titled, `Warri,’ which was…

Who Rocks It Better? Actress Angela Okorie Versus Reality Star, EJ Johnson
Entertainment
37 views
Entertainment
37 views

Who Rocks It Better? Actress Angela Okorie Versus Reality Star, EJ Johnson

MT - January 20, 2018

Earvin Johnson is the son of Magic Johnson Whilst Angela is one of Nigeria's actress in the Eastern part of the Country....They both rock the same look..and…

Why I Stand With Buhari – Femi Adesina Writes
Politics
37 views
Politics
37 views

Why I Stand With Buhari – Femi Adesina Writes

PH - January 20, 2018

Femi Adesina, special adviser to President Buhari on Media and publicity wrote a piece on why he believes in his boss and how he's the best man to lead…

Loading...