What is the best advice you've received as an entrepreneur?
I am a recent graduate from Boston College with a Business degree and English Journalism minor. I've recently begun putting together my own portfolio of personal content creation. I'm dabbling in the idea of doing a piece on entrepreneurship. Any answers to why you became an entrepreneur or great advice you've received will be really appreciated in giving me a better understanding of the career.
Hi Morgan, the reason why I became and entrepreneur was because of my Passion for my work. I wanted to do it on my time, my way! The best advise given to me by two different people, was "Following your passion will give you more satisfaction--and ultimately more money." If you are passionate about what you do, as an Entrepreneur you will do MORE than just survive!
Well, my advise for prospective entrepreneurs is to get a full time job first. This helps you know what it means to work and how an organizational structure operates. You also then see the real life in a business and know the pitfalls you can avoid once you start out on your own.
In my experience what i got from my well wishers is, an successful entrepreneur should wait for at least 999 days to understand the market pace and ease of doing things. So, your work is all about with cool piece of mind, which give a fresh idea in your work, which could lead to a successful career.
I think freedom of work at your time and place was the important point for me to choose entrepreneurship.
With 3 years of experience as a full-time freelance writer, the most important key for success is to set clear, actionable goals and hold yourself accountable to them. It's easy to get caught up in the little things that don't generate income and don't serve to grow your company. Make daily, weekly, monthly goals and review your progress every day.
1. Avoid hiring mistakes. Be very careful to check references. Learn how to interview. Hiring mistakes can sink your business quickly.
2. Know why you are doing what you are doing. If the answer is to make money, try again.
3. Once you've completed #2, make certain your actions show it.
4. Develop intellectual property to achieve credibility and set yourself apart.
5. Gain a reputation of being a great employer. Happy employees make for happy clients
6. Don't skimp when it comes to good accounting and/or legal advice.
7. Develop a trusted relationship(s) with your #2 person.
8. Constantly read...EVERYTHING you can get your hands on both business and non-business related.
9. Become a public speaker
10. Be open to helping others who are about to start on the path you once took.
Build a close circle of professionals whose strengths are your weaknesses and foster those relationships. With that done, you can tackle any problem. It's all about acknowledging your strengths and weaknesses and using that information to be better.