13 secrets to success for entrepreneurs

14
13 SECRETS TO SUCCESS FOR ENTREPRENEURS

Upload: knowstartup-indian-startup-news

Post on 20-Jan-2017

729 views

Category:

Small Business & Entrepreneurship


5 download

TRANSCRIPT

13 SECRETS TO SUCCESSFOR ENTREPRENEURS

SECRET 1Identifying and understanding the gap worth solving, the system-level technology or design to solve that gap and the business and financial intelligence to execute with strategic speed.

SECRET 2A 'get it done' work ethic is the most essential trait. Starting a business takes a lot - financially, emotionally and physically.

SECRET 3Always strive to do things better. The road of the entrepreneur isn't going to be easy, and that chances of success are very small.

SECRET 4Leverage your connections. Your network can make valuable introductions, contribute financially and most importantly provide realistic, experiential advice.

SECRET 5The best entrepreneurs need to be resilient and bounce back from anything. You need to be constantly thinking of how to enhance and grow your business because your competitors are doing the same.

SECRET 6You need to keep trying, push yourself and experience new things. It helps being a good listener, accept feedback and seek guidance from people

SECRET 7Hire smart, value work and stop meddling when you can. Stay attuned to your own perspective, as a slight change there affects all.

SECRET 8Keeping things in perspective and lightening up on a regular basis make you more approachable.

SECRET 9You need to have a personality that never gives up. You should not be afraid to wander into unchartered territory and to learn new things.

SECRET 10Build a solid executive team and board. Strong partners make a strong organization. Your startup also needs to consist of several layers of knowledgeable individuals, from the engineering team to sales and marketing.

SECRET 11Entrepreneurship breeds intellectual curiosity. They are focused on creation and leveraging these technologies to create new solutions optimized to address the market need.

SECRET 12Stay level-headed, even-keeled and focused on the longer term. In startups, the highs are higher and the lows are lower - the emotional swings can drive you crazy.

SECRET 13You always have to be prepared for failure. Just because you were successful once doesn't mean you will be the next time. You've got to be resilient and enjoy the ride as much as the reward.