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5 Business Tips For Young Minds...before Going Into That Business Read This. - Business - Nairaland

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5 Business Tips For Young Minds...before Going Into That Business Read This. by Bbsharon(f): 1:38pm On Aug 01, 2016
1 : Identify A Need Or Passion.

I once met someone who told me he has passion for making money(lol). Funny enough he works hard at making that money with his little business. For you to start a business you need to look around you and try to see if there is a need to be attended to. Maybe on your street there is no one supplying a particular but common grocery or a service you feel most peoole in your area are in need of . When
you recognise that then you start making plans on how to meet this needs. Think of how to monetize this needs and turn them to small or huge gains for yourself. It doesn't have to be big at first but you know you have something doing and there is an income coming from there at the end of the day or month. If it's a passion you have to do certain specific things, think of how to turn your passion into money and earn well from it. Work on developing yourself and mindset towards making it big.


2 : Creativity

Here you bring your intelligence to work. Get well detailed information, ideas and read wide about your line and scope of business. Come up with something that will make your
business stand out and be exceptional. So even if you are doing what everybody else is doing you will be unique. Don't start up a business solely because everybody is doing it, that way you easily get lost in the crowd. Be distinct in your own way of carrying out your strategy. In being creative your presentation comes out, the way you present yourself is the way you will be addressed. Don't present yourself in a way that demean what you really are or what your business is all about. Your presentation to your customers and clients really goes a long way to define who you are and what your business is all about. As there say everything is packaging, package yourself in such a way that it portrays all what your business is all about without you even talking.

3 : Be Focused And Disciplined.

By being focus you set goals for yourself, you should be determined to make whatever you are doing work and bring good yield. Don't let distractions or setbacks get at you, disappointment will come here and there but it all depend on how you handle each and every one and come out stronger and even better on the long run. Be discipline with how your spend your money, do not spend your capital at any point in time. Learn how to separate your business money from your normal daily spendings. When you start spending every capital and profit you earn then be ready to pack up faster than you imagine.

4 : Learn to be patient.
Patience is a virtue that js very essential to any entrepreneur or business man/woman. If you are young in business you might want to get discouraged with the way you have to tolerate customers or your client attitudes and all but if you want to take that to heart you might end up ruining your business so the best approach is to be patient when handling your patients or clients. Also you have to be patient with your success rate, don't expect too much at the beginning so you won't get disappointed. At times the profit might not come up as well as you want but you still have to keep working hard and pushing till you start making profit such that you can relax in between without it affecting you.

5 : Understand Basic Principles Of Business.

In business you need to understand they are risk and they are obstacles that comes with every business, you need to know your business have competition or similar competition in a case where your business is your own innovation and how to succeed in the race against all other product or services, you need to know to be successful in whatever business you need to be consistent with your plans or strategy to make it work, and finally you need to know that in most cases to quit is never an option except to lazy minds rather persevere and keep pushing till you hit the nail on the head.

http://www.demitalks.com/2016/08/5-business-tips-for-young-mindsbefore.html?m=1

Lalasticlala mynd44 seun

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Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by Abodunrin07(m): 1:44pm On Aug 01, 2016
Good
Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by Bbsharon(f): 1:47pm On Aug 01, 2016
Abodunrin07:
Good

Thanks.
Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by robosky02(m): 2:09pm On Aug 01, 2016
Bbsharon:


Thanks.



you are too hot today haba

nice thou

brainy girl cheesy
Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by Bbsharon(f): 3:48pm On Aug 01, 2016
robosky02:




you are too hot today haba

nice thou

brainy girl cheesy

Thanks o
Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by Bbsharon(f): 10:02pm On Sep 08, 2016
Lalasticlala mynd44 fynestboi please help move to frontpage. Thanks.
Re: 5 Business Tips For Young Minds...before Going Into That Business Read This. by Nobody: 2:23pm On Sep 26, 2016
Bbsharon:
Lalasticlala mynd44 fynestboi please help move to frontpage. Thanks.

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