” Why not? Startup success spawns a whole range of benefits. But clearly, “success” is our the keyword, and 75{e082d79694c7684ac199cb9e6bbdb9013bf4cdb14a338de47532a93f8d90ce11} of startup ventures never meet it. How do you steer clear of that statistic?
Be willing to fail.
Failure won’t keep you from ultimately being successful – in fact, it may well be a stepping stone. For the best entrepreneurs, there is no room for fear. Sometimes, some of your plans will not come through, but it is those that do that will shape you as an entrepreneur.
Keep networking.
When your business hasn’t lifted off, your connections will help you keep it afloat and later become your strongest allies. So keep making those connections and be humble enough to ask for their advice. Slowly build your network even if you don’t need it just yet. In fact, there couldn’t be a better time to begin.
Master your niche.
For several startups, success came after determining a niche and concentrating on it. By discovering something no one else has thought of or has effectively offered the market before, your chances of success shoot up. After all, this is what being an entrepreneur is all about.
Study like a professional student.
Being a successful entrepreneur requires openness of mind, an endless hunger for advice, new ideas, and opportunities to learn from people who have made it before them. Entrepreneurship is mainly about providing solutions to problems as you roll.
Don’t be fixated on money.
They say wealth begets wealth. But that’s not where it ends. The best entrepreneurs are not just concerned about the money they make but also about the value – social, psychological or financial – they add for their customers’ benefit.
? but be smart with it.
That said, it’s impossible to add value if you can’t pay your bills. That’s when you need to think of something that lets you support yourself while working on your entrepreneurial ambition. Having a part-time job can help you with the financial aspect, for example, while also being a networking opportunity.
Listen to the market.
You may think you’ve found the perfect niche, but it’s not going to be the way it is forever. Markets don’t stop changing – and usually frequently -and consumer are always going to look for the best that is available to them. Unless you can turn to where the winds of change are heading, you’ll be left behind or blown away.