Successful Tips for the Young Entrepreneurs

1. Success Tips for Young Entrepreneurs Do what you love : Know what you want Choose a small business idea that aligns with your interests, no matter what they are just love what you love. This is one of the main factor to become successful businessman. Entrepreneurs are notoriously focused and single-minded. You have to be prepared to accept defeat as well as enjoy the wins, and to move on undaunted Be Radical : Don’t be afraid to be out on the edge. Clients love innovation Make sure that your quirky pitch is well thought-out. Don’t use gimmicks, use strategy and a clear and precise knowledge of the market. follow the rules : Manage your time Register your business, keep records and pay tax to escape from legal and administrative headaches. Keep yourself presentable, trendy and keep a good impression between your clients and colleagues. Another successful tip is time management. Manage your time. Organize a well maintained appointment book, Microsoft outlook or an online time/project management system and make most of your time. Stay objective : No matter how passionate you are about your business idea, you must remain objective about its viability. Get advice from an established entrepreneur or from someone unconnected with your business. Rather than ploughing ahead with ideas, focus on the realities of running your business. Take a hard look at profit and loss forecasts, current market, and resources such as funding. When you’re sure that these items are satisfactory, you can continue to innovate. Find a mentor : Arrange for mentor who will help you understand the risks and challenges of business and also provide you a sounding board for your ideas and help you find investors for your company. Use the media properly : Promote your business via social media such as Facebook, LinkedIn and twitter. Social media is phenomenally successful at promotion but has to be used with great care. Twitter, in particular can be a friend or foe of small businesses. Engage with your audience, don’t broadcast constantly. Above all, don’t repeatedly re-post other people’s links. This will lose followers faster than anything. Be good to yourself : Despite of how organized and eager you are, a few day will overpower you. Don't be reluctant to venture back from work and do whatever relaxes you. Whether it's the endorphin surge of activity, the lively company of great friends or a calm day of meditation on the beach, take advantage of opportunities to empower yourself and balance your responsibilities with relaxation. Check your attitude : At this young age, If you’ve already started your own business, or going to begin one, the chances are that you’re pretty self-confident. This is an important characteristic but make sure that your self-confidence doesn’t come across to clients, suppliers, and contacts as arrogant and presumptuous. Everyone prefers a pioneer however no one likes a shrewd alec. As well as thinking about developing the brand for your product or service, consider creating a personal brand, which is the expert identity and picture you use good to go. Sachin Karpe www.sachinkarpe.org