Its a great time to be an entrepreneur. The technology has changed the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youre lighter, more flexible, and faster. You can target new markets more quickly, and you can take action pretty fast!!
But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. There are 4 great tips to become a successful entrepreneur and can help you when beginning your own enterprise:
1.Dont Quit Your Day Job.
Consider starting your business part-time, especially if its online, while youre working and have a steady income. It usually takes six months to a year to get a business going and you dont want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.
2.Find Your Niche.
The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a product or service a specific group of people want. You cant compete with the big companies, so you have to find what the big guys have not and go into your niches.
3.Have an Online Presence.
Even if youre not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. Its also a great tool for promoting yourself and letting people, even in your own area, know that youre there, and what youre doing.
All the people searching online now for the products or services they want. So it’s important for your business to have online presence. You can’t survive if your business is out of internet.
4.Refuse to Quit.
Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which flopped but he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones. Arm yourself with optimism to get beyond the No or the trouble. Theres nothing wrong in failure just dont repeat the same mistake!
Take action now and never quit or give up. It’s the only way to become a sucessful entrepreneur..