Entrepreneurship is like providing eco system to a tree to nurture. Watch your steps. Re evaluate your status. Ensure direction is right. Most of the time patience runs out, cracks develops in the faith, fruits gets destroyed or goes to some one else.
The best lesson I have learned is to clearly define your target market. Without that, you are not focused on any of your objectives. Without a clear market, your marketing efforts go to everyone, not the group you have selected. By focusing your market, you avoid costly expenses and can better serve your true customers.
Thanks for all the insightful responses and for contributing. Check out my latest blog article "9 Valuable Bits of Business Advice For New Entrepreneurs," in which I've compiled much of the advice you have all provided and included links to some of your mosaicHUB profiles.
1) know yourself and never lie to yourself.
Read the 7 habits - use that book to guide. Think synergy and always begin with the end in mind . . . You can boot strap plenty of businesses ideas but if you fail to position it for the sale you will never be rewarded for your hard work.
73% of businesses never have a wealth event because they fail to plan the end from day 1.
The lesson that I have learned and that has been reinforced time after time is that you must know and understand who you are, what you want, what is your passion and how much you are willing to give in order to succeed before you make any decisions about entrepreneuring. People who do not do this are far more likely to fail. They are far more likely suffer in their career. They are also likely to search constantly for a better deal without finding the right one. Once you have the first four features in order, traditional business analysis, commitment, launch and operation systems that are readily available will help to maximize your opportunities for success. The final step is to proceed cautiously and fearlessly. Pursuit of learning and living what is right for you and pursuing your passion intelligently and without fear is the most important lesson that I would like to pass along.
If you want to succeed you have to be prepared to risk failure. However, you must remember that failure is an event and not a person, so don't be afraid to get up and try again.
Patience combined with determination. In addition, any business whatever the size needs to have the ability to accept rejection and see it as a positive way to develop and learn for the future.
1. To Be Truly Successful . . . You Must Work LESS!
2. You Can Sell at Prices HIGHER than Your Competition!
3. The Customer is Always . . . WRONG!
Find a simple business platform of business plan.
See if someone like you, or who you think is like you has succeeded at the business.
Get to work. Get started and don't quit.
If you want to shorten the time it'll take you to succeed, copy the successful person in the industry you go into. Better yet, get a coach or mentor in the exact same business.