Tips To Become A Successful Entrepreneur

They say that true success is not in employment but in doing business. And yes, many entrepreneurs have proven that doing businesses is actually more profitable than getting employed into some company. One good example is

Bill Gates – the man behind the Windows brand. The man did not even graduate from college but he hit big in the field of entrepreneurship.

Although people also do hit big in employment, they are very few. This is the reason why many people want to venture into entrepreneurship. The problem is that very few among them have the necessary skills and knowledge base. As a result, many people venture into business without really knowing how to do things correctly. Such entrepreneurs are bound to fail.

So what should you do? Should you enroll into some university and learn the trades and secrets of entrepreneurship? Well, that is certainly a sound choice to take. But it may not be necessary. The trades of entrepreneurship can be learned even without graduating from college. Self--‐study, research, and experience --‐ these things will give you an edge in entrepreneurship. And to help you get started, we summarized some of the most helpful entrepreneurship tips out there.

In this blog post, you will find 50 unique tips that will help you achieve success in doing business. Everything is written with the assumption that some readers are not well--‐versed in business language and terminologies. Therefore, this post is written using simple words and simple language.

Helpful Hints…

1. Practice Careful Optimism

2.  Practice Healthy Pessimism

3. Find Motivation

4. Have Vision, Mission, Goal

5. Believe In What You Do

6. Start In Your Field of Interest

7. Work In Your Field of Qualification

8. Work on a Field Where Resources Are Available

9. Work on a Field Where Talents Are Available

10. Do Business That People Will Go For  

11. Do A Market Research

12. Run A Survey

13. Look For Products/Services That Are In Demand

14. Take Advantage of Untapped Markets

15. Study The Culture in the Place

16.Identify the Purchasing Power of the People

17. Analyze the Behavior of the People

18. Analyze the Behavior of the People Towards Brand Names

19. Look For Markets That Have High Demand And Low Supply

20. Grab Opportunities As Soon As Possible

21. Do A Research On What Problems Similar Businesses Faced

22. Think of Possible Reasons For Your Business To Fail

23. Formulate Possible Solutions/Preventive Measures to Possible Risks

24. Get a Business Advisor

25. Assume That Possible Risks Are Real

26. Ponder On Who Will Buy From You

27. Device Plans On How To Attract Your Target Group

28. Know Where Your Products/Services Will Sell

29. Understand Why Your Target Customers Want Your Products/Services

30. Make Sure You HaveSuppliers 

31. Make Sure You Have A Backup Source of Financing

32. Check The Prices of Different Suppliers 

33. Check The Reliability of your Suppliers

34. Do Re-­Assessment Every Now And Then

35. Do Not Enter Into Transactions Without a Clear Cut Agreement

36. Make A Feasibility Study

37. Come Up With An organizational Plan

38. Plan The Flow of Tasks Well

39. Make Sure That Job Descriptions Are Clear And Detailed

40. Make A Draft of Future Plans 

41. Focus On Your Target Customers

42. Know The Trend of Your Target Customers

43. Analyze How Your Target Customers Are Exposed To Media

44. Consider The Unique Culture of Your Target Customers

45. Come Up With Promotional Plans

46.Hire People That Love What You Do

47. Do Cross-­Selling

48. Offer Freebies

49. Use Discounts Wisely

50. Train Sales People

Watch out for more tips to becoming a successful entrepreneur in my future post.