Rules That All Entrepreneurs Should Live By
Starting your own business is a great way to take back your life and make money for yourself. There is no salary cap, you don’t have to report to anyone, you can run things however you’d like and you can work on your own terms and time. When looking at the pros and cons of being an entrepreneur, for almost everyone the pros seem to outweigh the cons. But that doesn’t mean that there aren’t cons and that you don’t have to be cautious about not doing certain things. Let’s take a look at some of the do’s and don’ts of being an entrepreneur:
Do something everyday. Starting a business takes a lot of time, preparation and hard work. Your business won’t just pop up overnight and be profitable. Doing something everyday, even if it’s just a little something like sitting on the computer and doing research about your industry, will add up over time and help you stay on track and build your business. You can work on creating connections, starting a blog, or filing paperwork. Somedays you will do more than others but doing something everyday will keep your mind in the game and help you accomplish your goal faster.
Don’t think that it’s too late to start the business of your dreams and get your idea into motion. Maybe you have been working for 20 years and have a job, children and a mortgage. So what? That doesn’t mean that you can’t do it. Maybe you start off as a hybrid entrepreneur and then become a full time entrepreneur? No matter what your reasoning may be it’s never too late to follow your dreams. Just look at Arianna Huffington who founded The Huffington Post when she was 55 or Henry Ford who was 45 when the Model T was introduced.
Do something that you love. Starting a business that you are extremely passionate about will make it much easier. You will be excited to grow your business, want to wake up and go to work everyday and truly give it your all to build a successful company. Being passionate about your work will spark something in you and help you build a team of like-minded individuals that will help turn your dream into a reality.
Don’t be scared. Whether you’re scared of the unknown of where your company will go, of negative feedback or of failing, remember that it’s normal to fear these things. You are not the only entrepreneur who has felt this way before. Don’t shy away from something just because you’re scared. Let that fear of the unknown fuel you to keep going and do better.
Do invest in social media. In today’s age of technology, utilizing social media is one of the best ways to build a client base. Instead of investing in a costly marketing plan from the get go, instead focus on building up your social media presence. This free way of marketing your business can help you more than you know.
Don’t forget about your team. Your employees, your customers, your family, and your believers are all apart of your team. Yes, they each play a different role, but none should be forgotten or thrown by the wayside. Along the way and when you do eventually become a profitable business, remember to continuously thank all of these people for helping you reach your goals and getting you to where you want to be. Showing these people your thanks will not only make them feel appreciated but will also help you in the long run, as they will be more likely to stick around.
For a longer list of what entrepreneurs should do and not do check out visualistan.com.