It's an exciting time to be an entrepreneur—technology has leveled the playing field and sparked an entrepreneurial revolution in the last decade. As an entrepreneur, you now have more information at your fingertips, allowing you to make quick and informed decisions. You have an advantage over large corporations because you are lighter, more adaptable, and quicker on your feet. You can more quickly target new markets and pivot on a dime.
But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Here are some practical guidelines that can help you when beginning your own enterprise:
1. Don’t Quit Your Day Job Just Yet
Consider starting your business part-time, especially if it’s online, while you’re working and have a steady income. It usually takes six months to a year to get a business going and you don’t want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.
Personally, this is what I did. In the morning I work as an IT Analyst in a Regional IT Head Quarters of a Pharma Distribution Company. After work, I do my Direct Selling Business as a Sales Director in Mary Kay where I do one-on-one or group product presentations through conducting skin care classes; I do trainings, motivational talks and networking. After 7 years f doing this, I, together with 2 business partners founded an IT Software Consulting business. For 3 years, I was doing 3 things!
Was it hard? Oh yes, my social and personal life were out of priority. Was it worth it? Definitely! Now, I can share these experiences and knowledge with you freely!
2. Find Your Niche
The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a need—something a specific group of people want, but can’t get at the big chain stores—and fill it. You can’t compete with the big guys, so you have to find where the big guys aren’t and go into your niches.
3. Have an Online Presence
Even if you’re not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. It’s also a great tool for promoting yourself and letting people, even in your own area, know that you’re there, and what you’re doing.
4. Practice the Abundance Mindset
There is always enough for everyone.
This is an important belief that every person in business should keep.When you strongly believe that there are enough resources for everyone, you automatically trust that you can access what you need when you need it. This mindset can make you run your business with much confidence.
Need help in changing your belief and mindset from scarcity mindset to abundance mindset? Download this FREE handbook on the 5 Steps To Developing an Abundance Mindset that I have created for you.
Know that everyone on this planet has the opportunity to live an abundant life; it all depends on one's mindset. Once you are fully aware of your thoughts and your ability to change your thinking process, you will find an abundant, happy, and fulfilling life. You can achieve your goals faster because you know you can achieve it. Know that anyone can develop an abundance mindset and achieve whatever they truly desire and believe they are entitled to.
If the FREE HANDBOOK is not enough, feel free to visit my ABUNDANCE MINDSET short course where you can learn the following plus more!
- How you can benefit from adopting a new mindset and live an unlimited life
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- The 2 secrets of the law of abundance that will give you more
- 6 rules to live an abundant life and keep stress away forever
- 8 habits that blocks you from accessing abundance and how you can transform them for more opportunities
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- How to apply changes in various areas of your life to create more wealth
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5. Never ever Quit
Entrepreneurship requires creativity, energy, and the determination to keep going even when things go wrong. Few people realize that before creating Microsoft 3.0, Bill Gates created Microsoft 1.0 and 2.0, both of which failed miserably—but he persisted. And it is this determination and refusal to give up that will distinguish successful entrepreneurs from those who fail. To get past the 'No' or the trouble, arm yourself with optimism. Failure isn't a bad thing—just don't make the same mistake twice!
Also, always have a Plan B, C, or even D. Your plan may not always go as planned, but if you are flexible and adaptable enough, you will have something to fall back on if your initial plan fails.
Here's to wishing you a good and abundant life!
Love,
Coach Cecille