what is entrepreneurship?
The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.
The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace
20 steps to become a successfull entrepreneur:
1.Do not let emotions impact your decisions
Emotions, it’s important, but it sometimes distorts the judgment …
2.Accept critics no matter who formulates them
Criticism, that’s good, use it!
3.Never stop networking (networking)
Alone, we go faster. To many, we go further
4.Learn from your mistakes
The problem is not to make mistakes, but rather to reproduce them constantly.
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5.Learn from the mistakes of others
Listen a little to those who have been there before you.
Behind every corner is an opportunity for you to sell something
Yes, do not forget it!
6.Do not be too greedy …
The frog and the ox (of the master Jean de la Fontaine), remember!
7.Try to separate your personal and professional life
I know, it’s hard!
Intersted in Earning over 300.000$
8.Whatever your success, never stop learning
We can always progress, even if we are called Steve Jobs or Xavier Niel!
9.Investing in good lawyers and accountants is important for a long-term business
Cover yourself if you can.
10.I am creating a free training for you here. You will have all the weapons to become an excellent contractor!
11.Do not choose a stupid company name, and avoid changing it
You might regret it otherwise.
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12.Hire employees will not solve most of your problems
This is important, but not the most important.
13.Be agile. People who do not know how to adapt never win
We can see that in the job market, for example.
Being agile is not enough, you must also know how to fight
Your boxing gloves are ready?
14.Having good partners will help you achieve success
You may find them on the forum?
15.Do not be afraid of what you do not know
It works for life in general too.
It’s easier to save money than to earn money
Common sense 😉
You do not have to innovate
Nothing serious to copy and improve the concept of another. Geniuses often do more than copy elsewhere …
16.Have a real marketing plan
I speak a lot about it in my book.
17.Do not underestimate your competitors
You must know what they are doing and how they are doing it.
Watch movies like “The Insiders”
to learn to sell, nothing better than a court in front of a good movie.
If you do not have a mentor,
(a person who succeeded before you and who coaches you), you should find one!
18.Your income will be on average the same as that of your 5 closest friends,
so choose them wisely!
Avoiding putting all your eggs in one basket is a good idea.
20.What you want is not important,
what your customers want is.
You do not always have to pay for advice
Be smart …
The best chance for you to become rich is to work hard
Yes, the truth is sometimes hard to hear …
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The most idiotic idea can sometimes pay off
Sex sells and will always sell
It’s crazy and so true.
Sell again to your customers
The best way to make more money is to sell more to existing customers
Base your important decisions around safe metrics (quantifiable and safe indices)
Avoid the wet finger technique.
There is nothing better than a safe bet
You do not need to start a business to be successful
But it’s a good idea anyway!
Obtaining venture capital investor funds is less likely than being struck down
Yes yes, I assure you.
Staying hidden is not always a bad thing.
Being too visible attracts potential competitors
Learn to “play” as a team
You will go further to many.
If you ever get caught by someone,
think carefully before throwing yourself into an adventure with him again.
Learn how to manage your staff and your business money together
Live where other entrepreneurs live
A better network and better ideas.
By KABONGO FRYDOLIN…