Being a young entrepreneur could be a tough task; it’s when you build the foundations for your success, and it isn’t really an easy task. A lot of young entrepreneurs have dreams and visions and when they enter the real world — they discover that things weren’t as they envisioned it to be, and many give up in the process.
These tips would help guide every young entrepreneur out there.
1. The capital for starting your project isn’t really the biggest deal; many young entrepreneurs believe that everything would be perfect when they get enough funds for their business; but this is only the beginning and not the end.
2. Planning is everything; a good business idea might be great, but planning is what would bring it to fruition.
3. Innovation is what stands you out from the rest; you just have to think outside the box.
4. A lot of people would disregard you, until they see how far you’ve gone.
5. Never let people’s validation weigh you down; they are only doing their job, you should do yours.
6. Know the difference between negative judgement and constructive criticism, and try to learn from constructive criticisms.
7. Only have a partner that has same passion and zeal as you, else you won’t have the energy to continue.
8. Stop talking and start doing.
9. The best time to take your biggest risks are in your 20’s and more calculated risks in your 30’s.
10. Your plan A more often than not wouldn’t work, always have a plan B and C.
11. Always learn from your business environment; never stop learning, and that’s how you stay in business.
12. If you’re running a service or business where you interact with customers, you should really treat them as kings. Word of mouth is the best and cheapest form of advertising you can get.
13. Never ever show desperation when handling business; people would rip you off once they notice you are desperate.
14. Until you start getting breakthroughs, the stress would keep coming thick and fast — never give up.
15. Learn from your failures, never give up.
16. When something isn’t working, it means you are doing something wrong — look for ways to fix it.
17. Your designated plan would usually be different from what you would truly face in the business world.
18. Take a job if you have to, but it should never drive you away from your goal.
19. If you have an idea that keeps you awake at night, do something about it or someone else will. And at the end, it would only be just a dream for you.
20. Learn something new every day.
21. Good marketing isn’t luck.
22. Write every idea, so you don’t get to forget it.
23. Try to create a work-life balance so that you don’t get depressed.
24. Believe in yourself and be confident, because no one else would if you aren’t.
25. Celebrate those little achievements; they would keep you going.
26. Don’t give up.
27. Don’t give up again.
28. Finally, don’t give up. It’s the best advice you could get.
Being a young entrepreneur comes with a lot of hurdles and pressures, but you can make it at the end of the day — and the feeling when you are where you want to be can never be explained.
Jake