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decashempire:What's your current rate? |
What's your favorite success tip for budding entrepreneurs. Share below from your experience or knowledge. |
Being successful often means learning from those who have already achieved their goals. Having a mentor is an amazing blessing to an entrepreneur, but not everyone can find one in person. If you haven’t yet found your personal business guru, here are 20 tips for young or aspiring entrepreneur to help get you started. 1. Challenge yourself. Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too! 2. Do work you care about. There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in. 3. Take the risk. We never know the outcome of our efforts unless we actually do it. Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying. 4. Believe in yourself. As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses. 5. Have a vision. The founder and CEO of Tumblr, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times. 6. Find good people. Who you’re with is who you become. Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be. 7. Face your fears. Overcoming fear isn’t easy, but it must be done. Arianna Huffington once said that she found fearlessness was like a muscle -- the more she exercised it, the stronger it became. 8. Take action. The world is full of great ideas, but success only comes through action. Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your success as well. 9. Do the time. No one succeeds immediately, and everyone was once a beginner. As Steve Jobs wisely noted, “if you look closely, most overnight successes took a long time.” Don’t be afraid to invest time in your company. 10. Manage energy, not time. Your energy limits what you can do with your time, so manage it wisely. 11. Build a great team. No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success. 12. Hire character. As you build your team, hire for character and values. You can always train someone on skills, but you can’t make someone’s values fit your company after the fact. 13. Plan for raising capital. Richard Harroch, a venture capitalist, has this advice for upcoming entrepreneurs: “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.” 14. Know your goals. Ryan Allis, co-founder of iContact, pointed out that having the end in mind every day ensures you’re working toward it. Set goals and remind yourself of them each day. 15. Learn from mistakes. Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success -- even though you initially failed. 16. Know your customer. Dave Thomas, the founder of Wendy’s, cited knowing your customer as one of his three keys to success. Know those you serve better than anyone else, and you’ll be able to deliver the solutions they need. 17. Learn from complaints. Bill Gates once said that your most unhappy customers are your greatest source of learning. Let unhappy customers teach you where the holes in your service are. 18. Ask for customers’ input. Assuming what customers want or need will never lead to success. You must ask them directly, and then carefully listen to what they say. 19. Spend wisely. When you spend money on your business, be careful to spend it wisely. It’s easy to spend too much on foolish things and run out of capital too soon. 20. Deliver more than expected. Google's Larry Page encourages entrepreneurs to deliver more than customers expect. It’s a great way to get noticed in your industry and build a loyal following of advocates. Being a successful entrepreneur takes a lot of work, a lot of vision and a lot of perseverance. These 20 tips, from entrepreneurs who have already found success, will help you navigate the path much more easily. |
1stNumeroUno:Nice one. Olabisi99 follow this advice here. He had said it all. All the best. If you have further questions, you can ask here. |
1.Begin with the end in mind Every kid gets asked every now and then what they want to be when they grow up? A pilot, a doctor, a footballer, etc. I personally wanted to be anything but a doctor. Kids are always sure of what they want to be. Ask yourself what kind of business you want to do. Don’t think of your business simply as an entity merely selling a product or service. Think more broadly, in terms of value delivered to the customer. If twenty-five years ago, your end game was to be the largest typewriter-selling company in the world, you won’t have a business today. But if your end game has always been to provide small businesses with tools that enhance productivity, then your business won’t get stuck selling typewriters. It would transition to selling computers or any other product or service that increases productivity. Having an end game built around value delivered to customers allows your small business grow beyond trends, fads, economic down times and industry changes. Your vision and mission statements, culture, and value propositions all draw meaning from how you see your business when it is grown up. 2. Study the role models Very few businesses thread paths that have not been threaded before. Whatever you are trying to achieve has been done before. Studying models, businesses and entrepreneurs that have effectively done what you are attempting to do saves you from mistakes and accelerates your small business progress. When businesses scale rapidly, it comes down to measuring and tracking just a few financial and non-financial indices. Financial indices include revenue, operating expenses, cash flow, etc.; non-financial indices include culture, leadership, candor, staff turnover etc. Keep your eyes on the indices and guard closely against anything that allows your numbers run negative. 3. Document and measure Most small businesses start out with the owner and maybe another team member. Adrenaline levels are high, the atmosphere is electrified and everyone does everything necessary to keep the business going. Whatever work needs to be done gets done. As the business grows and more customers are added, cracks begin to show. Someone didn’t reply to a customer’s email, someone ordered a wrong set of company materials, another gave more discount than was reasonable, and details of a soon-to-be-delivered order cannot be found. Step back for a minute and go back to your drawing board. Imagine the business when it is wholly done. What kind of structure would you have? Consider the kind of reporting system you would like to have. What are the specific functions of each office? How will job performance be measured? You might ask how to get around doing these things when you are busy putting out fires every day. I am asking you to build a fire proof system or a year from now you will still be putting out fires. If you are yet to face these kinds of challenges in your small business, eventually you will and the best time to get an umbrella is when it isn’t raining. 4. Follow the trend Conventional business wisdom today says to be different, to do more, faster, better, cheaper, etc. and I agree with these. When I talk about flowing with the trend, I mean you should observe carefully how the dynamics in an industry are changing. Your small business gains nothing by being different when the fundamentals of an entire industry are changing. Small businesses (and big players as well) that don’t respond quickly enough and follow the trend eventually lose out. Nokia lost out in the mobile phone market when that industry went smart with the proliferation of apps. They stuck with the hard ware functions of phones. They eventually did respond but not after losing significant market share. Blockbuster lost out in the movie rental business as DVDs got obsolete and online streaming and downloads changed the industry. They paid the price as they filed for bankruptcy a few years ago. Beyond following the trend, it helps if you spot a trend and position yourself or business to profit from it long before the trend goes main stream. Apple spotted the trend of music purchase going from CDs to digital downloads and continues to profit from it today. Beyond studying your industry, look across other industries and see what is going on. You may be able to borrow a few concepts which when applied to your business may be the edge you need to scale up. 5 Cash is king This is simple enough. All small businesses that scaled quickly had some cash to do so. You can’t grow rapidly on a shoestring budget. The dynamics of interactions within your business require the oil of cash to constantly lubricate the wheels of growth. The importance of cash cannot be overemphasised and you should have some cash on ground to grow the business. It’s hard enough scaling a business and you would have several things that would fight for your attention every day. You don’t plan for many of these events but you can plan to have the cash issue taken care of upfront even before you require it. |
DonDemu:Alright bro |
ksmart027:Alright bro. |
DonDemu:Alright bro. Thanks So, i should vacuum up the water in it already and put only recommended coolant? How many liters please? |
Hello House, I have a Toyota Corolla 2002 model i recently bought. I scanned it and it gave the error in the pix attached. (FYI, this is the only error code it gives, i have scanned many times) I am considering reverting it to factory settings - installation of thermostat and disconnecting the direct fan to the battery which was done by the previous user. But my fears are: 1. Does this have any negative effects? 2. What should i watch out for and prevent in advance ?(though a professional is handling the work for me) 3. Any other advice or tips ? I will really appreciate candid opinions from car gurus here and those who have reveted their cars to factory settings and the experience they have. Thanks a lot fam. cc GAZZUZZ nurey costee kingreign otthers
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Agbebakun22:Go with Venzal and come back with testimonies. Search for Venzal or Venzal1 here on nairaland. You are about to have a change of situations. All the best bro. |
Agbebakun22:Talk to Venzal. Search for Venzal or Venzal1 here on nairaland. You are about to change your life. All the best! |
BigDick70inch:Alright bro. All the best. |
Agbebakun22:1. Learn High Income Skills first like Copywriting. 2. Then, sell your skills via freelancing. They are some threads here in this business section that talk about freelancing. Do well to dig them out. You will do yourself the best good. |
BigDick70inch:No, it's not. You can put some percentage of it for some unforeseen circumstances. Be wise. |
Let the roll begin. For me, i will list some: 1. Think and Grow Rich - Napoleon Hill 2. Rich Dad, Poor Dad - Robert Kiyosaki 3. Tough Times Never Last, But Tough People Do - Robert Schuller 4. Millionaire Fastlane - M.J DeMarco 5. The Power of Positive Thinking - Norman Vincent Peale |
I am sure you got attracted with the topic. You want to know where the money is in 2020 so that your financial lot in this year can be better than previous years. The truth is "There Is Money Everywhere" Actually, a lot of money. If you are broke right now or your income is very little, the reason is because you either don't know this truth or you just don't know where the money is or how to get it in 2020. And that is why I am writing this post. You might have only N20,000 in your pocket right now but when you successfully execute at least one of the businesses described in this thread, you could be having N.5m over the next 30 days. It depends on you. Many will read this post and do nothing about it. But I want you to be different. Read, understand, learn and take massive actions. Sit back and relax as I roll out some biz ideas that you can make millions with in 2020. |
SFSNIPER:Mine was through Amazon Kindle Publishing. |
It will come as no surprise to learn that the majority of startups fail. There is a whopping rate of about 75 percent of startups failing in their first five years of operations. But how do you ensure your business is not one of them in 2020? I have some tips to share with you in this post: 1. Know your purpose What need does your startup address? Why will people care? If you can answer these two major questions you’re already well on your way to success. 2. Do something you love If your heart isn’t in it, the temptation to bail during difficult times will be high. If you’re able to do something that you love, you’ll have much more motivation to keep persevering. Startups require more than a 40-hour workweek—make sure this is something you’re willing to do around the clock! 3. Believe in yourself Self-doubt can be crippling, so it’s important that you believe in yourself. If you know that you’re putting 100 percent into making your business a success, you’ll find that self-confidence often follows. 4. Surround yourself with supportive people While you don’t want to surround yourself with “yes” men, it’s also important that you don’t have to constantly contend with people putting you and your business down. Don’t waste your time or energy on the defense. 5. Challenge conventional wisdom Learn to spot when helpful advice is merely a suggestion to conform to the popular paradigm of the times. 6. Learn from criticism Relentless negativity is of no use to you, but thoughtful criticism can be very valuable. Any opportunity to improve an aspect of your business should be warmly welcomed. 7. Keep learning Think you know it all? Think again. There’s always more to learn, so be wary of becoming too complacent. Everything you learn is an opportunity to improve your business. That goes for mistakes as well—all startups will suffer from mistakes, but the entrepreneurs that learn from them are likely to be in the successful 25 percent. 8. Serve your customer, not yourself While you should rightfully feel ownership of your startup, remember that ultimately it’s there to serve your customer and not you—vanity projects won’t last long. Keep the customer in mind with every decision you make, and you’ll build a product or service they can get excited about. 9. Find out what your customers want Blindly assuming you know what your customers want could prove costly. Fortunately, researching it first doesn’t have to be expensive—you can search forums, ask questions on social media, or spend some money on surveying opinions (and save yourself a pricey mistake!) 10. Raise the right amount of capital While you need enough money to give your startup every chance of success, bear in mind that having too much can make you lazy and all too willing to part with your cash. Of course, you may want the option to access emergency funds—you’ll just have to make sure you can stick to a strict budget and define what exactly an emergency is. 11. Plan thoroughly A business plan is much more than a necessary evil to help you get funding—it can act as a guide and keep you focused on the task at hand. It’s easy to get caught up in the minute details and lose sight of the big picture. 12. Surround yourself with the right people Networking is a means to an end—you need to establish who is worth your time and who isn’t. Don’t underestimate the value of someone useful, and similarly, don’t underestimate the destructive potential of someone who isn’t. 13. Be dedicated to working Launching a startup is not like having a regular 9 to 5 job—if you want to avoid failure, you have to be prepared to fit your life around work. It may seem like working for yourself will mean better hours, but to be successful, you’ll most likely be going way over the standard 40-hour workweek. On the bright side, whatever results from your hard work is entirely your own. 14. But find time to relax While any entrepreneur must expect an increased workload, you still need to find time to unwind. Without being able to occasionally relax, you’ll inevitably suffer from burnout, causing more damage to your business. 15. Negotiate everything Whenever a price is quoted to you, remember that a healthy proportion of that is the profit margin. Can you lower that margin for your benefit? You might not always be able to coordinate a discount, but it’s worth remembering one of life’s most important rules: if you don’t ask, you don’t get. 16. Develop an elevator pitch Of course, if you want to convince the vital people that you’re worth their time, you’ll have to capture their attention within 30 seconds. If you can develop an elevator pitch that will intrigue people and show your idea has potential in that amount of time, you’ll inevitably be afforded more time to discuss matters with them later. 17. Start marketing If people don’t know you exist you can’t expect positive results. Whatever your budget, there are things you can do to start getting the word about your startup out now—tweet, contact blogs, and tell everyone willing to listen about your new venture. 18. Don’t give up In many cases, startups don’t fail—the people behind them give up. The single most effective thing you can do to make your startup a success? Refuse to throw in the towel. |
Olamide940:More like a mobile bank. |
Hello… I want to show you something. I promise to keep it short, simple and sweet. Shall we? What i want to share with you is ‘’money plan’’ that will ensure you make more money in 2020. Whaoh! Sounds cool, right? You love it? Let's ride then. Now, what i have to show you involves a little mathematics. Don't scared yet. It's a simple mathematics. I want you to get a pen and a paper. Ready? Let’s get this done. How much do you want to make in 2020? Write it on a paper. Let’s say it’s 10 million naira. Divide it by 12 (months). That would be 834,000 naira. Now if you have to make 10 million naira in one year, you’d need to make 834,000 naira every month to hit your target. Right? Now…that’s a figure. But it is NOT clear yet. We now know how much we need to make every month to hit our yearly target. Now we must come up with WHAT we need to SELL to make that money. Yes! No sales, no money. Here is how to come up with that. The monthly target is 834,000 naira. To come up with what you need to sell, we need to divide that figure with HOW many of that stuff you need to sell. (Mind you, it can be a product or service ) Chill you will get it. Let’s say you intend to sell 50 units. Divide the monthly target by 50. And that gives you 16,680 naira. Now, that figure is the price of one unit of what you need to sell to hit your target every month. The next thing to do is to find a 16,680 naira worth of product or service you need to sell. And any month you sell less than 50, you need to make up for it by selling the deficit number the next month. You got that? This keeps you on track, makes your goal clearer and helps you achieve more. Try it…. And here is why it is powerful, when you come up with a unit price, what you need to sell comes up along the line. Do it now…. After coming up with your figure, I will like to help you achieve that goal this year. So it is important you do it now and follow me. Watch out for more tips. Till then, I remain your friend Mayor. |
Fastlinkpro:The statistics for KENP pages read come below that of the one for sale. Yes, you will be paid for every page of your books read. 1k pages read will give you $5. Hope you understand? |
Tickles001:Not him bro. |
You have an e-mail. You are leaving a lot of money on the table. Smart Work pays bro. MacSmart: |
Congrats bro. Nice one. I hope the next two or three books you are about to write are in line with this one recently (i mean the same keywords) published with these statistics? (A) If yes, don't enroll them in KDPselect. (B) If No, consider writing and publishing along with the same hot keywords and do as I said in (A) above. Why? Simply do as I said above. Come back and give positive results with increased sales. Congrats 1ce again. MacSmart: |
Sorry, I know how it feels. I have been there. When it first happened to me, I was surprised, even at e-book sales refunds. My mentor was the one that explained better to me. Just get over it. It's part of the process. Keep writing, (quality books at that) and continue doing the right things. Don't be discouraged Tickles001: |
Tickles001:Yes, possible. It does happen.. |
Yes, possible. |
88joshua99:Chat me up on whatsapp or drop your number here. Let's talk business. |
cbngov01:I am having issue as yours with my maxima. After changing radiator, mecho is insisting it's gasket that is burned. I am still reluctant on it. |
Seuntek:You can go with this: https://www./syinix-50-inch-android-4k-uhd-smart-led-tv-50a710u-32267086.html It's a 4k uhd smart tv at less than 100k. Customers who bought gave nice reviews about their experiences with it. Hope you find it a great value to you. Regards PS: I discovered the full link is being tampered with. Put jumia dot com dot ng before the syinix |

