Tips for young entrepreneurs

tips_ entrepreneurs

Entrepreneur is businessman who manages risk reward equation of business very well. Becoming entrepreneur is not everyone’s cup of tea especially for middle class person, because mindset of middle class people is different. They see the world from different angle, they study hard, get good job & remain happy with safe and secure job. They don’t want to take any chance, they just want to be prisoner of visiting card and the logo on it.

For all these people I would like to say: “Please imagine your future if you have joined any company as manager in corporate sector. Five years down the line you will be senior product manager if you are too good in 8 year you will become marketing manager …In 25 year you might become CEO somewhere.

Ask yourself: – “Is this what I want in life?”

small_big

If your answer is no & If you don’t want to sign any complex agreement to become prisoner of 9 to 6 job.

If you have burning desire to become Entrepreneur we are here with proven tips which will help you as entrepreneur.

Tips to entrepreneurs:-

  • You don’t need any capital to start, you can start with zero capital. If you have capital, great. If you don’t, it doesn’t mean you can’t start. 
  • Don’t just think about it, don’t just wish for it, jump in to it and do it, if you are really serious. 
  • If you believe in product, never give it up. You will succeed. It may take time, it will cost money. 
  • Choose your field very carefully – there must be a ‘huge’ (large is not good enough) market and potential. 
  • You have to be  Good Team leader

team_india

  • If you are not passionate about what you are doing, then you are in the wrong place. 
  • Be early. You can make your mistakes while it is cheap to make them, when there is no competition. 
  • Do not exaggerate in your business plan. Under commit and over deliver.  
  • Get great people – sell them the vision, the idea and share the wealth, be generous with offering stock. 
  • Make plans but remain open to all possibilities as events unfold in the marketplace. 
  • Keep thinking about how to grow the business. 
  • In every business more you know about the grassroots, the better. 
  • Entrepreneurship is risky. So you should have a mindset, should be prepared to fail. If you are not prepared to fail and can’t handle failure then this is not your cup of tea. 
  • If you are starting a business to make money, don’t do it. Chances are that you will fail, because there will be hard times. And if your motivation is not something beyond money, those hard times will test you. You will quit and go back to your job. But if you are doing something other than money, you will rough it through the hard times.

enterpreneur

  • Don’t be an entrepreneur without very good financial knowledge. Or have a trusted partner who knows all about this. 
  • Keep patience during difficult times. Don’t lose your balance, and try to carry the team with you. 
  • You can achieve beyond your dreams, so it’s OK to dream and make an action plan to turn it into realty.

Article by Raviraj

Hi, I am Raviraj. I am passionate about money matters and finance. I have 10 years of rich experience in the field of financial planning, Investments & Insurance. I have written 850+ article on this blog. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing.

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Leave a Reply

Your email address will not be published. Required fields are marked *