Itís a great time to be startpreneurs in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an startpreneur, 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 youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
It ís a great time to be an entrepreneur in the last decade, technology has leveled 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 youíre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.
But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:
1.Don’t Quit Your Day Job.
Consider starting your business part-time, especially if it’s online, while youíre working and have a steady income. It usually takes six months to a year to get a business going and you donít 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 needósomething a specific group of people want, but canít get at the big chain storesóand fill it. Advises Lesonsky, ìYou canít compete with the big guys, so you have to find where the big guys arenít and go into your niches.î
3.Have an Online Presence.
Even if youíre 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. Itís also a great tool for promoting yourself and letting people, even in your own area, know that youíre there, and what youíre doing.
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 floppedóbut 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 #No1 or the trouble. There’s nothing wrong in failure just don’t repeat the same mistake!
Save your family some time and buy their groceries
Help someone academically – lend them your study notes
Bake something for your family/friends
We rarely listen to others – ask someone about their day
Someone wronged you? Forgive them
Make your voice count – sign a petition for a good cause
Pay for someone else’s meal today
Tell a friend about ARK/World Kindness Day
Smile at 3 people today
Let someone know how much you appreciate them
Take a Random Pick of the Motto. Think about it. Relate it to your life stage.
See meaning into it. Compare your life state and Facts with the words. Do they resonate? Is there a message there for you? Can you choose one of these Random lines as your Motto for the Rest of your life?
- Spirits guide us, spirits watch over us.
- Sword or pen, we conquer all.
- Actions bring results
- Peace, prosperity, progress.
- Hope, homeland, honor.
- Haven of peace.
- Pride and prosperity.
- In spirit and truth.
- Honor, duty, valor.
- We will persevere.
I shall bring these to you every Monday, so you can mull over and adapt if you like .
Or wait till next Monday 🙂