HOW TO BECOME SUCCESSFUL ENTERPRENURSHIP PART 1 - 2022

  

 HOW TO BECOME SUCCESSFUL ENTERPRENURSHIP PART 1

 

Getting Into The Right Mindset

 

 

1  Practice Careful Optimism

Having a positive mind and positive outlook are crucial to being successful in business. It is optimism that drives entrepreneurs to move forward. But there is danger in sheer and pure optimism. Excessive optimism can make one overlook risks and potential pitfalls. This is what you need to avoid. So while approaching business with an optimistic mindset, you also have to acknowledge that there are dangers and risks that you must exercise carefulness.

 

2  Practice Healthy Pessimism

People will tell you that negative thinking will not get you anywhere. And yes, pessimism does breed fear and that fear can stop you from taking the necessary steps in order to be successful. But there is use in having a little bit of healthy pessimism. Having healthy pessimism means that you are pessimistic enough so as to recognize the pitfalls and risks involved in your venture. However, you are not pessimistic enough so as to allow those insights to stop you. Instead, you are driven to come up with solutions to every risks and difficulties that you encounter.

 

3  Find Motivation

It is good to have the ideas and the opportunities. But even if these things are present, nothing will come into fruition if you do not take action. And to take action, it is necessary that you have the motivation to do so. Motivation may be different from one entrepreneur to another. Find your own motivation to success. You motivation must be something solid that you want to achieve no matter what. Contemplate on this. Do you want to give your family a better life? Do you want to be recognized in a certain field or industry? Do you want to revive an old market that is close to your heart? Any of these can be a motivation.

4 
Have Vision, Mission, Goal

Every business must have one. You can typically see a company’s Vision, Mission, Goal posted on the hallways of its building or on the main page of its website. In a physical setting, the Vision, Mission, Goal is typically framed beautifully which signifies how much it is valued. The Vision describes a company’s ideals. The Mission describes a company’s desired contribution to the society, to its employees, and to others. The Goal describes a company’s desired self-­‐growth in the future. Having a Vision, Mission, Goal to look up to and remember helps keep a company stay on track.

 

5  Believe In What You Do

Some people may not believe in your venture. But what is important is that you believe in it. If you yourself are not convinced in what you are trying to achieve, it is highly likely that you will not achieve it. This is why it is important that you enter into a business venture that you believe in or have faith in. If you are offering a product for example, do you believe in its quality, in what it can do, in what it can provide to your customers? If you yourself believe in what you offer, you will be more motivated and more driven to sell it. And your customers will feel this because it will emanate from you. This will attract them.

 

 

Finding Your Field of SuccesS

 

 

6  Start In Your Field of Interest

Motivation is easier to find if you are working in your field of interest. So when coming up with a business idea, it is a good start to consider the things that you are personally interested with. For example, it is more likely that a computer store will be managed more correctly if its owner and managers are personally interested in computers. Also, an auto supply shop is more likely to be successful if its owner and managers have a passion for cars.

 

7  Work In Your Field of Qualification

Interest and passion should not be your only basis. You also have to ask yourself: do you have the qualifications to do business in that area? If you are

planning to open an auto supply shop for example, you may ask yourself: do I know enough about cars? Do I have a vast knowledge on car parts and how they work? Of course, you can always hire people who are knowledgeable in the field. But it is better if you also have some know-­‐how.

 

8  Work on a Field Where Resources Are Available

The continuity of a business is also partly dependent on the availability of resources. Resources may include suppliers, service providers, utilities, and such. If you are planning to open a fruit store for example, you may ask yourself: do I have access to suppliers of fruits? Also, you have to analyze the supplier’s ability to supply. If you open a fruit store for example, it will be bad for your business if your supplier suddenly becomes unable to produce fruits. When that happens, you will have nothing to sell.

 

9  Work on a Field Where Talents Are Available

In a business, you are not the only person who will be involved. Certainly, you will hire some employees that will help you. In some businesses however, it is necessary that you find people of unique talents/expertise/degree. If you are going to open a salon for example, you will people with the following expertise: haircutting, hairdressing, makeup, manicure, pedicure, and others. So you need to ask yourself: do I have access to such individuals? Where can I find such people? Are they easily available where I will put up my business?

 

10   Do Business That People Will Go For

Businesses are organized for profit. In order to profit, you will have to offer something in return. But you must offer something that the people in your area will be willing to pay for. So you have to ask yourself: what services can I offer that the people in my area will be willing to avail? What products can I sell that the people in my area will be willing to buy?