When you are in race to achieve a goal, it is pertinent that you follow whatever rules might have been laid down to get you to that desired destination.

Usually, Businessmen and women read about what they should do, buy, and read to be great and successful. But how about things they should not do?

Our list comprises of things a good businessman should never do.

1. Wake up without a plan

Time management is a crucial part of being an entrepreneur. There are only so many hours in a day, so to be efficient you need to know what your goals are and what tasks you need to get done prior to starting your day. If you are scrambling to create a plan of attack every day you are going to be in trouble. End each day by mapping out the following day’s to-do list.

2. Never Look back

As an entrepreneur, you are going to face hard times, difficult decisions and possibly even failure at some point. Don’t let small bumps in the road stop your forward progress. Find ways to maneuver around obstacles and continue to push forward, never looking back.

3. Choose short-term comfort over long-term benefit.

Once successful people know they want something that requires a painful, time-limited step, they do not mind the painful step because it gets them to a long-term benefit. Living out this principle is one of the most fundamental differences between successful and unsuccessful people, both personally and professionally.

4. Be scared to make changes, Evolve or adapt

You need to be willing and able to adjust your plan and overall strategy, because there is a very good chance that you will need to adapt to maintain success in the future. Imagine if Apple never adapted and just stuck to making computers? After releasing the iPod it started manufacturing smartphones, tablets and now are releasing its first wearable technology, the Apple Watch. Once just a computer company, it is now a consumer-electronics powerhouse.

5. Let failure stop you

Most statistics state that, eight out of every 10 new businesses fail. Successful entrepreneurs go into everything knowing that there is a chance of failure. If in fact they fail, it is viewed as part of their growth and they keep plugging along.

source: http://www.edliner.com/5-things-good-enterpreneur-never/22829

Life is good with LG ELECTRONICS

Really good advice.

Nice motivation Op. Brilliant advice. On number 5, it's difficult to look at failure in the face and still rise. Mostly, it's easier said than done. but successful entrepreneurs are the ones who beat those odds.

I wrote this article to highlight the 3 stages every entrepreneur faces on his journey. Most of us are stuck on the second stage, trying to get out of it. The ones who are strong and principled enough to endure will get out of it and become successful. Here is the article: http://www.nextnaijaentrepreneur.com/3-stages/

Nice article.

Na that number one dey hard pass , with the way Nairaland just dey turn person to addict . I love Nairaland

Great advice especially the number 3.

BRAVO

Thanks, good tips

Nice write up OP.

Op u r so on point. one dog egg sausage for you with chilled moi moi.

kkkKKEEEP doing shyt

I like educative posts like this one

Who's gon borrow Mii money make I start bizness

K

Just like nairaland is scared of change.. Just look @ the old interface for how many years.. I wonder how long it will survive

i think that number 5 should be "dont let failure stop you"

I still don't understand your version of English though.... ..the tittles are IPOBish in nature.

Nice one bro. Proudly entrepreneur!!!!!!

I am intested in sound and profitable business ideas from smart Nigerians within a decent investment threshold. Please, I will really appreciate if you can send me a detailed plan of the business, the cost implication (office rent inclusive), the profit margin, the partnership terms and expected time to break even to enable me make an informed decision about investing. Am looking at an initial investment of a little over a million Naira and subsequent investment depending on the profitability. Contact me on: sundayjiana@yahoo.com please ensure you drop your phone number should I require further clarification. Thank you
my email: sundayjiana@yahoo.com

ezechueze:
nice post

This kind of post with no boobs display , no need to rush and book space, just take your time, next 2 hours you can still comment on the front page

Never spend all your profits and capital on socialisation and karashika's!!!!

An entrepreneur ought to be optimistic, innovative, creative, proactive, productive, be original and follow the signs of time.

And never be a Wolf of wall Street!!!!

Nice

Thank you op. Am writing an Entrepreneural test today at Uniyo and I believe this post will be of help to me to an extent.

Great Advice

Thanks

I HAVE AN EXAM ON ENTREPRENEURSHIP AND INNOVATION TODAY LEMME CHIP IN A LITTLE FROM WHAT I'VE READ SO FAR WITH REGARDS TO OP's.


6)fear of competition: competition is an important variable for business. an entrepreneur should not always be scared of competition as this would help him/her to improve his/her business.

7)lack of dealing with failure: an entrepreneur should be ready to deal with failure. he should not see failure as the end. he should always have the plan to counter failures in his business cos entrepreneurship involves risk.

lack of leadership: every entrepreneur possess some leadership qualities that enable him to influence people. a good entrepreneur should not lack this leadership quality if he wants to succeed.

reference:entrepreneurship and innovation . DAYSHOW HOPE THIS HELPS TOO

#noted

Same old story.