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.
You will eventually fail at a lot of different things, but there is two ways to deal with it. First, don't complain and fix the problem. Second, learn from it and move on. Anything else is a waste of time and energy.
Journalism and business is a match that works very well. I am in media and have come up with great media solutions for everyday changes! The best advice as a consultant and a partner in media ventures is to always disrupt the common clichés- or as I like to say "Why do we re-invent the wheel? Because I still don't like changing flat tires!"
Have a dream and stay focused and never compromise your values, regardless if do so would mean success. Ask questions of people and listen to understand and follow up with why and if not clear ask why again. Plus one other thing many get 'surprised' when the tax man calls. Set aside you tax money plus 10% even if you have to struggle and when you become successful have the discipline to continue setting aside money for the future. When success comes don't get caught up in it stay focused.
Focus on developing your niche and your brand. Stay as narrow as you can and still be profitable. Avoid the temptation to be all things to all people. It is hard to say no when just starting out but it is often the best response so that you are able to develop a unique and identifiable brand.
In my experience, it is best to meet as many people as you can - ask them about their businesses - everyone has a story - even if you do not get them as a customer, they are a valuable resource. They may know someone who needs your services or they may need your services in the future. Networking is so valuable to the new business owner.
The best advice I've received is from the book Blink by Malcolm Gladwell. The book helps analyze why some people are such great decision makers and why other people struggle. The book helped me realize the factors I can control and the factors I cannot.. as an entrepreneur it's helped me not focus on the little product changes or hiccups I can't change, but look at the overall picture to meet my goals. You should check out the whole series by Malcolm as a reference for your personal content. Good luck!
Morgan, The best advice for going out on my own - don't listen to the naysayers who tell you that you can't do it, you are crazy to give up the security of a paycheck, you won't be able to do it on your own, and so many other 'you can't' comments. Believe in yourself and do it.
As far as my area of expertise...business consulting and coaching is in my blood. Cut me and I bleed business - I just love it, and I love helping others build the business they dream of.
I hope that helps. Can't wait as well to hear from others.