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How To Start & Suceed Mini Importation Business In Nigeria | Finance Naija / As An Entrepreneur Do You Need To Join Your Profession Community Before... / 5 Benefits Of Being An Entrepreneur (2) (3) (4)
|If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 8:46am On Aug 08, 2018|
I must say that starting and succeeding in business is not as easy as many people think. But, it is achievable. Here are a few tips that will help you:
1. You have to be determined to succeed- If you do not want your business to be a statistics within 5 years you must be determined to succeed. I am saying this because in the journey of entrepreneurship there are many hurdles to surmount. It's not always rosy especially at the beginning ( usually within the first 5 years ) before breaking even. However, if you are determined to succeed and if you apply the right principles and prepare properly, you should scale through.
2.Start small - I can't stress enough. Don't wait until you get everything set and until you have all the funds needed before you start your business. Start small! You will never start if you keep waiting for everything to be ready . Most great multinational businesses you see today started small. The Coca - Cola, Face book, Apple, Google, Amazon, Alibaba and many others started small. Take time and read their start-up story and you will be amazed and inspired. You may have heard about the Apple story. Apple is currently the most valuable company in the world.
3. Put customers satisfaction at the centre of your business vision - If your only goal of starting any business is to make money, then you may not succeed because, you might give up if the money doesn't starting coming as fast as you expected - and it doesn't always do initially.
We all go into business to make money, but making money should not be your only drive. Instead, satisfying an identified human need should be your focus. When you do this, the money will come in the process. Customer satisfaction should always be at the front burner of your business plans and projects. This cannot be over emphasized.
4.You should develop a business plan - Some people see writing a business plan as a waste of time. It is never a waste of time. It is very vital.
A business plan helps you to harness and refine your business ideas and also enables you to have a clear picture of your business vision. It helps to remove the guess-work out of your business project. It help you to carry out SWOT analysis ( Strengths Weakness Opportunities and Threats ) of the business. A business plan equips you like a soldier going into the battle field to fight. It prepares you for success in the battle field of business.
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|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 3:15pm On Aug 08, 2018|
Entrepreneurs create jobs in any society.
|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 3:27pm On Aug 09, 2018|
If you are willing to start small and keep pursuing your vision and dreams no matter the hurdles that you make encounter, few years down the line, your business could become a world-class business employing thousands of people and putting smiles on the faces of consumers all over the world.
|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 3:45pm On Aug 09, 2018|
Small and medium scale enterprises or businesses drive the economy of every country.
Do you agree with me?
|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 9:11am On Aug 10, 2018|
Patience is a key factor in entrepreneurship.
The reason is that a business usually don't start yielding enough profits after start up. You need patience to hang on and not give up in doing the business until it gets more profitable.
|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 8:28pm On Aug 12, 2018|
Why is it that most of your youth don't like starting small?
1. Societal influence
2. Family pressure.
3. Peer pressure.
5.Lack of proper knowledge about the principles of business success.
|Re: If You want To Suceed As An Entrepreneur, Do These Four Things by FrankTalk1: 7:57am On Apr 30, 2019|
Knowledge is power.
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