5 Secrets every aspiring entrepreneurs should know

Starting a business doesn’t necessarily make you an Entrepreneur, making it work does.

“Entrepreneurship is much broader than the creation of a new business venture,” said Bruce Bachenheimer, a clinical professor of management and executive director of the Entrepreneurship Lab at Pace University. “At its core, it is a mindset – a way of thinking and acting. It is about imagining new ways to solve problems and create value.”

That said, aspiring Entrepreneurs should possess an interior fuel and stamina that drives their actions, strategy and business idea execution.

Here are 5 practiced and trusted secrets every aspiring Entrepreneur should know to become successful in Business;

Be confident and self-motivated.

The first rule in the book is confidence and self-motivation. If you don’t believe in your dream, business idea, product and service, you can’t sell it to someone else. Be confident in your idea.

Knowing why you started your business keeps you motivated. Whenever you catch yourself losing motivation, go back to your “why” and remind yourself the reason behind what you’re doing.

Solve a problem

Aspiring entrepreneurs should always be in search of problems to solve and not the other way around. Never start with a solution looking for a problem. Look around you for the missing link and opt to bridge it. Take the time to recognize what that need you are trying to fulfill is because that’s the root of everything that you’ll do moving forward.

Be passionate and Persistent

When you start your own business and you go down the path less taken, the road could be very foggy sometimes. Successful entrepreneurs are driven primarily by a need for achievement and the desire to make a meaningful difference. Let this also be your driving force. Rome wasn’t built in a day neither was any successful business established without building blocks and learning moments. Let your passion drive you and never give up.

Progress Not Perfection

Small changes taken every day, over time become big changes. Becoming a savvy entrepreneur will require you to pay your dues in terms of the sacrifice you have to make. Continue to learn and apply, you’ll get there sooner than you think. Be willing to fail and start over again, internalizing the lessons you’ve learned to create something new and improved.

5. Find a Support Group

It’s important to find other like-minded people for encouragement, perspective and companionship. Despite how self-motivated you are, you’ll run out of fuel eventually so it’s comforting to know you have other people who you can fall back on. Not only that, a support group will offer you a sense of belonging and an alternative perspective. They will help you see your situation in a way that may not be that obvious to you.

Also, take advantage of Fund raising initiatives for StartUps like the #100KStartUpFund campaign happening on Tuesday, November 14th, 2017. Click here for details.