A person who organizes and operates a business or businesses, taking on greater than normal financial risks to do so.
Entrepreneurship, in theory, seems relatively straightforward. Yet building a successful business can require more grit, time, and money than many people realize. Nevertheless, entrepreneurship continues to be a rewarding path for those up to the challenge.
Despite the obstacles that are bound to emerge, entrepreneurs and businesses can help create a strong foundation to weather any storm by utilizing core practices. While it’s impossible to predict what’s to come, it is possible to create a solid base. Use these startup tips as you embark into the world of entrepreneurship.
The customer comes first– there is simply no business without customers. The way to acquire and maintain a consumer base is to care and to show you care. This should be a driving force throughout the entire lifetime of entrepreneurship. The amount of care put into a business’s customer is reflected in their success or lack thereof.
Know Your Purpose
At the beginning of an entrepreneur’s career, the resounding purpose of calling them to take such risks is readily apparent. However, as time goes on and business expands, the reasons someone began their business may fall entirely out of view, likely impacting business sales and/or potential. Write down your purpose for starting and never forget them.
Starting a business requires a vision. It requires the fortitude to create that vision; to achieve that goal. But leadership is far more than sharing a vision with others– its about building your employees, coworkers, and yourself. Starting a business requires a leader who can not only impose a vision but also be the example of the vision. Whether the company is ten people or 1,000 people large, the leader sets the tone for the entire organization.
All Show, No Tell
Show and tell was a fun game in kindergarten that allowed each child to feel unique and seen. Showing and telling can do the same in business; however, it can do a lot worse. For starters, telling people about your ideas will create accountability. However, if it turns out impossible or it falls through, you’d either have to retell that it can’t happen or leave them wondering what happened to the idea. Another downfall to telling before showing is that someone could take the idea for their own. Rather than show and tell, just show.