Thinking of going onto Dragons’ Den? Or pitching to Lord Sugar on The Apprentice?
According to BBC News, there is a huge rise in young entrepreneurs right now. Perhaps now is the time for you to get into the business world?
Here are ten tips you NEED to know about before embarking on your entrepreneurial journey…whether you will start it on TV or not.
1. Work on something that you love
If you are passionate about something it will show in what you do. Steve Jobs, Mark Zuckerberg, Kelly Hoppen – they all believed in what they were creating.
2. Don’t expect overnight success
Building a business takes time. Remember that great accomplishments don’t happen straight away. It takes six months to build a Rolls-Royce and only 13 hours to build a Toyota. Surround yourself with positive people who are energetic and passionate about what they do.
3. Failure happens to everyone, be prepared to face it head on
A really successful entrepreneur can carve gems from rubble. Harnessing loss can help you get better. Tame your ego and see room for improvement as motivation to try harder and push yourself.
4. Embrace the unknown
Don’t fear what you don’t know. Successful entrepreneurs like Mark Zuckerberg ventured into the unknown and made millions. Fear can hold you back, you need to have faith in your abilities and make the most of situations.
5. Don’t worry that you have missed the boat on an idea
Thought of a great app idea but think someone has probably already beaten you to it? Have faith in yourself and go for it! Arianna Huffington founded the Huffington Post when there was lots of competition already out there.
6. Use your story to help your business
So your life hasn’t been smooth sailing so far. Most people’s rarely are! Use your genuine story to light up your startup or venture. Your story could get your business idea remembered.
7. Offer the best service
Client and customer service can make your business brilliant. People like to be respected and if they are shelling out money they expect to be treated well. Kim Garst, the CEO of Boom! Social said on Twitter (@kimgarst) that: “Legendary service is one of the criteria that sets one company apart from its competitors. It’s the mark of a truly authentic company – you just can’t fake caring!”
8. Social media could be your secret weapon – use it
Listening and sharing on social media can teach you so much. You should value feedback as it can help you improve. Bill Gates said on Twitter (@BillGates) that: “Your most unhappy customers are your greatest source of learning.”
9. Know that money isn’t everything
Google’s first office was in a rented garage. Spanx was founded by Sara Blakely on just over £3,000. You don’t need money to make money. Crowd-funding websites could come in handy, so do your research.
10. Embrace your individuality and go for it
Trust your gut instinct and yourself as a person that you know what you want and you are the compass in your own life. Every journey starts with an idea. Have faith and take a leap.