It’s a great time to be an entrepreneur. In the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur you have more access to information that lets you make better decisions faster. They have an advantage over larger companies when it lighter, more flexible and faster on its feet. You can target new markets quickly and can make a penny.
But as a successful entrepreneur should be the picture and take note of a plan from beginning to end. Rieva Lesonsky, editor in chief of Entrepreneur magazine offers a few tips that may help you to starting your own company:
1. Don’t Quit Your Day Job.
Consider your business part-time, especially if online while you work, and a stable income. It usually takes six months to a year for permanent work and do not want your assets to a payment to your company hinges makes an immediate success. Start with what you can handle, economically and within a reasonable time, and how big is your business grows.
2.Find their niche.
The days of the general stores are over. In particular, consumers looking for specific online stores. We have a need, but as a specific group of people who can not the big chains and big wish. Recommends Lesonsky “You can’t compete with the big guys, so you have to find where the big guys aren’t and go into your niches”.
3.Have an online presence.
Even if you not plan to start a business online retail sales, believes that the Internet remains an important role in your company. After an online presence prevented the boundaries of the physical location and is expanding its customer base literally millions of people. It is also an excellent tool to promote yourself and allow people to do, even in your own field, know you’re there, and what you do.
4. Refuse to Quit.
Successful business development requires creativity, energy and keep going when you fail. Few people know, before Bill Gates made the success of Microsoft 3.0, Microsoft created a 1.0 and 2.0, both of which flopped but he kept at it. And that determination and the refusal to give up, what are successful entrepreneurs successfully separated. Lesonsky said: “Arm yourself with optimism to get beyond the ‘No’ or the trouble. There’s nothing wrong in failure—just don’t repeat the same mistake!”