10 Tips for Beginning Entrepeneurs [2020]

Success also means learning from those who have already achieved their goals. This figure is known as the Mentor. Here are 10 tips for beginning entrepeneurs to inspire you on your way to the top.

1. Start NOW.

One does not live on ideas. If you keep lengthening the start of your project, you will never advance. It is not about jumping without a parachute, but about being active and committing yourself and your business idea.
Find, research, analyze the competition, the opportunities, the problems to solve and jump. The world is waiting for you to contribute your value.

2. Believe in yourself

Henry Ford said: «Whether you think you can or not, you are right in both cases.» Believe that you can do it, believe that you will succeed and you will find all the ways to overcome obstacles and difficulties. If you don’t believe in yourself, you will find excuses.

«Wheter you think you can or not, you are right in both cases.«

3. Have a clear vision.

Having a well defined vision will make you focus on what is really important. David Karp, the founder of Tumblr, claims that an entrepreneur is a person who has a vision and the desire to create it.

4. Don’t think about money, think about the customer.

A very common mistake when undertaking is thinking about wanting to earn money and nothing else. Focus on solving problems for society and money will be a consequence of the value you are bringing. This works like this. If you establish as a fundamental pillar the philosophy of creating a product or service that responds to the needs of the market, you will have been right. It is clear that we all need (and want) money, but that it is a means and not an end.

5. Test fast.

The Lean Startup methodology makes it clear that we must test our idea as soon as possible. Create a minimum viable product and test it with the market. This way you will get feedback with which you can improve and offer a really good solution.

6. Learn from your mistakes.

Failure is only part of success. Many entrepreneurs claim that these failures were what led them to the top. Don’t worry if you fail, the important thing is to learn and get up again.

7. Give more than expected.

When a person receives a much higher value than expected, you have not got a customer, you have gained a fan. Larry Page from Google encourages entrepreneurs to give much more than customers expect from us or our products.

8. Build a team.

“If you want to get there fast, go alone. If you want to go far, go accompanied. ” A good team is essential in the success of business. If you want to find partners for your company or business, here is an article with 6 tips for finding business partners.

9. Be patient.

Success is not born overnight. Apply the kaizen philosophy and improve 1% every day. When you least expect it, you will be having a successful company.

10. Face your fears.

Many times we do not undertake for fear of failure, fear of people’s opinion… But all these fears are limiting beliefs that are holding you back on your way to success. Be clear that it will not be easy, but you will come.

These tips can help you get started in your business. If you want to learn about coworking, read this article.

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