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6 pieces of advice for new entrepreneurs

16 May, 2018

Starting out a business can be a taxing experience if you are not prepared for it. Most new entrepreneurships fail within the first months of having been set up because the leading heads were not prepared to face the challenges and demands that a new business requires. If you have been an employee most of your life and you are going out on your own, no one can prepare you for the long hours, the hard work, the research, and the different mindsets of every customer you’ll be dealing with. We’ll list 6 pieces of advice to make your path less difficult and build some character as you become a successful and independent entrepreneur in your niche of choice.

  1. Failure’s not an invitation to cease your project: Let’s be clear on something, you will fail quite a few times as you begin your business. The hard truth is that nobody does every single right as they learning how to handle a business, even if you are an expert in your field. Your failures are not excuses to stop. They are an invitation to keep going and fix your mistakes.
  2. The Customer is always right (except when he’s not): You have read and listened everywhere that “the customer is always right”, but in this day and age that may no longer be the truth. A client will always be a hard case when they want things done their way or when they want to save a buck. As you are the specialist on the service you provide, try to get on their good side and make them understand why it would be best to take your proposed course of action.
  3. Learn: This one it’s easy. Every market is continually updated in some fashion. Make sure that you keep yourself updated with the latest trends and knowledge available to your field. That way you’ll be able to provide your services with modern standards
  4. Be Flexible: If you are starting your business and you set out to follow a plan, don’t get frustrated if it doesn’t go as you want. Have some flexibility and you’ll be surprised at how a little detour can lead you to better things.
  5. Keep it real: your short-term goals and the long-term ones should be grounded. You’ll be expecting to be able to rank in the millions in your first year, but the hard reality will probably be a bitter one. Think about how to keep your business afloat one day at a time.
  6. Be Organized: Maybe the hardest advice offered on the list. All of us have very different conceptions of what “organized” means, but business-wise there’s a 101 for each niche when it comes to accounting, profits and loses that it’s necessary to keep tabs on to understand where we are at all moments with our brand. And to see how much are we achieving with our business. Don’t lose sight of it.