Are you considering becoming an entrepreneur and opening your own business? Well, if you are, there is no better time than right now. “Why” you ask? Well, in the last decade, technology has opened more doors and helped many new entrepreneurs get their business off the ground. In 2017, as an entrepreneur, there is a plethora of information available to you, which then allows you to make more intelligent decisions. Don’t get discouraged about not having a BIG corporation. In fact, you have an advantage because you have less regulations to worry about, a smaller customer base which allows for closer relationships, and you don’t have the expenses of a big business.
Although being an entrepreneur gives you a lot of freedom, and allows you to have an unlimited income. An entrepreneur must be able to look at the bigger picture to make sure their business is long-term. In this article, I’m going to cover 4 tips that each entrepreneur should take to heart when considering your own business.
- Keep Your Day Job.
When first starting out, I would recommend only working part-time on your new business. I say this because most businesses take about 6 months to a year to get off the ground. Therefore, you should keep your day job. The last thing you want to happen is to quit your day job in hopes of having an overnight success only to be disappointed and not be able to pay the bills.
- Find Your Niche.
Specialize, specialize and specialize some more. You might be saying “Brian, what do you mean specialize?” Well, these days’ people are looking for a specific answer to their specific problem. That being said, it is up to you to do research into the market you wish to compete in and give your potential customers what they are looking for. The more specific you can get to your niche, the better.
- Have an Online Presence.
In 2017, it’s all about having exposure online. Even if you don’t plan to have an online business, it’s still important to mark your territory online. Once you can create an online presence, you free yourself from the limitations of the physical world. That means people from all over the world will be able to find you once you stake your claim online.
- Never Give Up.
Never, never, never give up. Even when things aren’t going as you planned. Most people have seen the movie “Rocky” but what most people don’t know, is that before “Rocky” was made Sylvester Stallone was nearly homeless. In fact, he was so poor that he would go to the libraries in the winter just to keep warm. Not only that, when he took the “Rocky” script down to the producers they said that if he acted in the movie it would be a flop. Well, what did Sylvester Stallone do? He refused to give the producers the script until they came to a deal and allowed him to play Rocky. So what is the point of this story? Well, when the producers told Sylvester Stallone that his film would be a flop if he was rocky he refused to give up and it turned out that “Rocky” ended up grossing over two hundred million dollars. So at the end of the day, don’t give up keep your head up when things don’t go your way, and follow through on what you start because you never know where it’s going to take you.
So, if you are considering becoming an entrepreneur and you remember these 4 tips, and use them I promise it will be much easier to grow your business into a long-term lucrative adventure.