Tag Archives: focus

Creating a successful business

 “Ultimately, there’s only one way to start your career, and that’s by starting a business. If you find yourself hesitating, remember my motto: Screw it, just do it,” – Richard Branson

Remember, starting up a business is a no easy task. Here is what you need to have within yourself to startup.

  1. Fall in love with your idea.

Falling in love with your idea is the key factor which drives you to achieve and create a successful business. Don’t start a business because you think it will make profits. Think of what the subjects and problems are that interest you and then justify which idea to convert into a business. Find out a talent or industry knowledge you have, then carry that with passion and love. This will help drive achievement.

2. Start locally

Now that you are sure of your idea and have justified it, start looking for the problems you have as a customer in the product or service you intend to sell/provide. Start with your area/city and think how your business could help overcome the problems you and your friends face. This way you would figure out what the market is missing and design solutions in your own product/services that could make the customer experience better. Once you have achieved in a smaller areas, think of expanding to other areas/cities.

3. Work around things

Just focus on designing your product and service to serve the society, this is the way how business work, : “by improving other’s lives”. Once you have done that, you make more money than you spend to create the product.

4. Listen to advice and overlook discouragements

Ensure to take advice from the ones who have experience in your field and be careful not to confuse discouraging comments for good advice. There will be numerous people who will tell you that you won’t succeed, you need to overlook discouragements but at the same time you also need to listen to those people too.

5. Stay Focused and Stay Motivated

In the first year, focus and motivation is a key to success. You need to dream big but at the same time you need to concentrate on establishing your business and surviving through the first year. Set small targets for each day, then week, month, quarter and a year, this way you will be motivated at all times and enjoy your success very frequently.

6. Be passionate of what you do

Passion is a vital part of your business. Enjoy and be passionate of what you do, let your employees be passionate and love what they do and so your customers.

Just adding an image which may feel irritating to the eyes, but if you focus on the word “focus”, it will give comfort to the eyes. So Focus is the key to success.

Focus
Focus
Advertisements

The Success 3

On July 15, I shared the first insight on becoming an entrepreneur. Today let’s go through a few more examples and how the collaborative approach towards incorporating leadership and entrepreneurship skills from these people will help you become a successful entrepreneur.

The people who I am really inspired other than Sir Branson are; Steve Jobs, Mark Zuckerberg and Jordan Belfort and I think that they have left a great blueprint to follow for all of us.

Below are a few traits that are phenomenal amongst all of them and I would suggest be the basics for any entrepreneur. A combination of all of them would make you very successful.

  1. Vision and Imagination (The ability to create a determined and compelling vision for the future)
  2. Focus (The ability to stay away from distractions and focus only on your goals)
  3. Taking calculated Risks and adopting the right strategy.

In line with what keeps you motivated to become an entrepreneur, the next phase is to explore the above mentioned qualities in yourselves.

You all have these qualities in you, make them work for you!

Having a great vision and imagination does not work by itself, it has to be accompanied by Focus on your goals and once these two are in place, you need to learn is to take calculated risks and adopting the right strategy.

Taking calculated risks and adopting the right strategy is the only factor that would differentiate between success and failure in your entrepreneurial venture. Even taking calculated risks but not adopting the right strategy would lead to a failure and vice-versa.

Then comes Leadership,

Leadership is having a vision, being able to articulate that so the people around you can understand it and giving a consensus on a common vision. – Steve Jobs

In my further posts I would be sharing more about Vision and focus and later I would discuss some of the most effective strategies and risk taking attributes. All of these combined learning will help you as a start-up entrepreneur. Keep watching.

Here’s an inspirational video featuring Steve Jobs: