Tips for New Entrepreneurs

Starting a new business can be daunting. It takes a special kind of bravery to launch an enterprise. Many try, and many fail - some learn from their lessons and try to pass those on to the next generation of entrepreneurs.If you haven't found a mentor of your own yet, do not fret. Here are the top tips of 3 entrepreneurs:


1. Challenge Yourself


Greg Olson, Founder of Growl Agency shares: "Hope is for the hopeless. Plan it out and make your own results." 

As a growing entrepreneur, challenging yourself is the best way to stay motivated and headstrong in the game. It is essential to position yourself as a continuous learner if you plan to be successful in your industry and life -- view business and life, in general, as educational institutions where you're learning new things every day.  

Through the process of entrepreneurship, know you will encounter adversity along the way; however, every time you fall, dust yourself off and keep moving. As long as you endure the storm and continue to learn from your failures, they won't last forever. Remember, failure is part of the processes, and every successful business has a story to tell.

2. Choose the Right Business for You

"Choose a business - or role in the business - that is something you are both good at and love to do," says Bev Kremmling of ReceptionistHardware.com. The key to success is finding needs that you can fill. It doesn't stop there. You need to be sure you're passionate about fulfilling those needs. The only way to be satisfied in life is to engage in something that you're not only passionate about but also believe in. It will give you the motivation you need to get through the hard times that no business, regardless of industry, can escape.

As a young entrepreneur, the importance of starting a business or taking up a role in the business that brings fulfillment cannot be overemphasized. This is the only way your business can survive the hurdles.


3. Don't Overthink It

Starting a business from scratch is indeed a daunting task, and it can be paralyzing. Debbie McMurtry of myKaratestore.com points out: "The best way to start is just to do something. The momentum will carry you: Just start!" Don't relent in your effort. Put in the hard work, and in no time, you'll see the light at the end of the tunnel. Keep in mind that creating a business requires dedication, creativity, commitment, and persistence.

Despite each business being very unique, it's fascinating how many of the same challenges we all run into. As a means of giving back, these entrepreneurs have provided their own valuable lessons for new generations of businesses to learn from. One of the most powerful lessons that most experienced business owners have learned is actually to learn from and collaborate with others. Who knows - you may find yourself sharing your own tips in the future!

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