Becoming a successful, young entrepreneur can be
challenging. Set a clear path to success for yourself by deciding on your goals
and securing start-up capital. Grow your enterprise by working hard,
surrounding yourself with great staff, and getting the word out about your
product or service. Once you hit the big time, reinvest your income in other
business ventures or in your original business.
Part1
Finding Your Entrepreneurial Spirit
1. Take a personal inventory.
Before becoming an entrepreneur, you'll have
to determine whether you have what it takes to succeed. Take a realistic view
of your strengths and weaknesses. Specifically, look at areas of capability
(knowledge and experience), aptitude (skills and likes), and personality
(persistence, resilience). Do you have the knowledge and experience required to
succeed within your chosen industry? Can you deal with failure and hardships
along your path to success? Finally, assess whether or not you have the
financial standing required to start a business.
2. Be a problem solver.
Lots of people recognize things they wish they could do, or
imagine useful products or services they wish they had. Few people actually act
on those ideas, though. To be a successful young entrepreneur, you’ll need to
stay open to inspiration by looking at the world around you with the eyes of a
problem solver. To kick-start the process, ask yourself guiding questions like:
What kind of content do you wish was online?
What kind of games do you wish you could play?
Is there a product or service that could help you feed the
homeless?[1]
Whatever path you take to entrepreneurship, it must begin
with identifying problems and dreaming of solutions. Write down all your ideas,
no matter how crazy they might seem.
3. Give yourself time to be creative.
Before you can get to work, you need to give yourself time
to be inspired. Work some time into your schedule to decompress and allow your
creative juices to flow. Take a walk in the woods, read a book in a quiet spot,
or hit the road for a drive without a destination. Give yourself some quiet
time to contemplate, reflect, and think about how you can best develop yourself
as an entrepreneur.[2]
Stay active. Don’t sit in one spot for more than an hour.
Regular exercise -- at least 30 minutes each day -- is critical to both
physical and mental health. Even walking can improve your thought process and
make you feel more creative.
4. Learn from others.
Investigate how
other young entrepreneurs have found success. Think about how you can
incorporate their ideas, methods, or techniques into your own entrepreneurial
activity. Read their books and articles. If possible, network with other young,
successful entrepreneurs. Being around these people will help you grow, learn,
and see what it takes to be successful.
In addition to learning from other young entrepreneurs,
solicit feedback from employees and coworkers.
Seek counsel from wise friends, associates, and successful
business persons about how to best grow your enterprise.
5. Live passionately.
Success will only
come if you believe in and are excited about your product. Your energy will
inspire potential investors and partners, and help you grow your business.
Your passions can inspire entrepreneurial activity. Identify
a cause you feel strongly about and figure out how to fight for it. For
instance, if you’re interested in saving the whales, you might invent an app
that helps track whale populations or publicize whale hunts around the world.
6.
Take
risks.
The most successful entrepreneurs didn’t get to where they are by
playing it safe. As an entrepreneur, you need to take calculated risks to move
your business forward.
For instance, you might decide to create a search engine
even though there are many search engines available. If you believe that your
search engine is better than the others, or offers something the others don’t,
go for it.
Taking risks doesn’t mean jumping in blind. Do your homework
before developing a new service or opening a new store.
Be_Inspired!!!
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