Entrepreneur Archives - BOLLYWOOD SURKHIYAN

Rabbit Farming Basics Every Rabbit Farming Entrepreneur Should Know

It is no wonder rabbit farming is becoming an attractive prospect for budding entrepreneurs! It is one of the very few livestock businesses that can be started on a small budget, and it is a growth industry. However, while there are plenty of benefits to farming with rabbits, there are also a few things you should know before you decide that it is the business for you.

First, there is the investment you will need to make. Initially, this can be as low as $5000, and most small-scale commercial rabbit farmers see a return of up to fifty percent on that in one year. However, you will also have to put in a lot of time and effort to make sure that your management is sound, that your rabbit breeding schedule works, and a lot more, so there’s also a lot of sweat equity that goes into a successful rabbit production venture!

Next, you will want to do your research about rabbit breeds, and rabbits in general. Breeds vary greatly from one to the next, and there are some, like angora’s, that are bred and farmed for their wool, while others are bred for the rabbit products of fur and meat. Choosing the right breed for your type of farming, as well as your environment, will make a big different to the success of your rabbit farming venture.

Your next concern will be to look into local legislation. This can differ greatly from country to country, and even from area to area within a particular country. If you live in an urban or semi urban area, then there is a good chance you will need special zoning or permits in order to start your rabbitry, so make sure you find that out before you start investing your money in the venture.

Finally, there is management. It is a good idea to familiarize yourself with as much as you possibly can about breeding and farming with rabbits before you buy your first rabbits. From how to construct cages, to when and how cleaning should take place, to health requirements, breeding issues and rabbit feed, there’s a lot to learn about rabbits, and it’s a lot cheaper if you know what you’re getting yourself into first!

The truth is, rabbit farming can be a lucrative and profitable small business, if you do your research first. Just make sure that before you take the plunge into rabbit farming, you do that research, and you should be just fine.

What Is A Successful Entrepreneur Profile?

What Does A Successful Entrepreneur Profile Look Like?

In a recent post. I talked a little bit about what it takes to become an entrepreneur. But there actually isn’t just one profile of an entrepreneur that spells success. You will discover incredibly intelligent people with lots of drive that fail. Then you’ll find those who have limited education and just happened to hit on the correct thing at the right time.

The truth is, that there are particular qualities that improve your probability of becoming a successful entrepreneur and they’re reasonably straight forward.

You have to be prepared to:

1) Have incredible drive. To not give up no matter what.

2) Be willing and open to learning each and every day.

3) Not sweat the little things.

4) Be solution oriented. Every situation has problems it is the way you look at them.

5) Be people oriented.

6) Risk everything.

Looking At The Facts

OK, so the bullets are great, but where’s the beef. The first point is pretty self explanatory. The second one is a bit tricky, the key word here is “open”. The vast majority of us have a fixed idea of what the best thing is to do. I definitely did, with my background and experience, I assumed I knew the right way to handle everything. The truth is, that I wasn’t open minded which effected my success.

So you should be willing to learn new things and new ways of considering each situation that comes up, if you are going to be a successful entrepreneur. Don’t allow your baggage and history get in the way of your success. Next, as I mentioned you cannot sweat the small things. Being an entrepreneur can be death by a thousand cuts if you let it. There are so many minute problems that will continue to get in the way of your success. If you ever let them get control and effect your attitude you will certainly fail.

So, in effect, issue’s three and four are joined at the hip. The best way to manage the little stuff is being solution oriented. Always look for the ways to resolve problems, don’t wallow in them.

But there is another element to this as well. Some issues cannot be solved. You will find a million small things that come up. When those issues arise, remind yourself that there’s a big picture at stake and refocus on it. Every now and then you just need to let the small stuff go. Be sure to put things in perspective of the big picture and it will positively effect your outcomes.

You Have To Be People Oriented

If I had to select one thing that I believe is critical to a successful entrepreneur profile, I would say it is the ability to be people oriented. I say this for 2 reasons. The first is that the better job you can do of interacting with folks the higher likelihood you will have of generating business.

The second reason is a little more subtle, but perhaps is much more important. If you’re a student of individuals and are really interested in them and what they’ve got to say, you’ll be better in tune with their wants and needs. In sales we call that their pains and pleasures. To have the ability to resolve someones pain and provide them something that gives them pleasure you’ve got to understand specifically what those things are that effect them. If you cannot do this, or you do not have somebody to partner with that can help you with that, then your success will probably be mostly based on luck.

Finally, if you’re really talking about a successful entrepreneur profile, you’re talking about somebody who is all in. They are the ones who believe so completely in what they are dong, that they’re ready to put everything they’ve got on their bet. That is why many entrepreneurs are famous for making a fortune, losing it and making it yet again, they are all in on every bet.

Problems Encountered by Nigerian Entrepreneur and Possible Solutions

The success enjoyed by most industrialized countries can be attributed to the role played by technological innovation and entrepreneurship, both of which continue to drive their economies today. These two factors are seen as key components for the industrialization and development of African countries. The Nigerian government has recognized this fact and has taken measures aimed at promoting and cultivating the entrepreneurial culture in our country. Through the Nigerian Investing Commission (NIC), our government has in the past introduced a policy that required university students regardless of their area of study to take courses in entrepreneurship. While our government is putting extra effort in promoting entrepreneurship in Nigeria, there are still a number of problems that a Nigerian Entrepreneur faces. Below are some of the problems encountered and possible solutions.

* Diversifying the Economy

Though our country’s economy has over the last couple of decades relied heavily on its oil production, we must find ways to diversify our economy and avoid the over reliance on oil. Like other developing countries, Nigeria is facing an increase in its unemployment rate that is now at 6 % and is on the increase, with many graduates finding it hard to get jobs while most of those who get jobs are underemployed. This coupled with the global financial crisis in which massive numbers of employees are being laid off; entrepreneurship is seen as an essential key if we want our country to achieve its ambition of being an industrialized nation by the year 2020.

* Unfriendly Business Climate

Being an entrepreneur in Nigeria requires great determination as practicing and potential business owners are faced with countless challenges. Nigerian’s business climate should be made welcoming to those in the Micro, Small and Medium Enterprises (MSMEs). The role played by these MSMEs should not be underestimated since majority of the thriving businesses fall in this category and for us to achieve our goals, adequate attention and support must be directed towards these institutions. To be able to help and protect entrepreneurs, we must first have a clear idea of the challenges facing our entrepreneurs in their pursuit of making Nigeria a prosperous country.

* Lack of Credit Facilities

Potential Nigeria entrepreneurs go through many hardships when trying to access credit for their businesses. Though there is a wide range of financial institutions that offer business loans, they usually charge high interest rates deterring aspiring entrepreneurs. For instance, major banks have pegged their lending rates to as much a 28% deterring potential entrepreneurs who are mostly low income earners. Other obstacles faced by our entrepreneurs include severe collateral conditions set by banks and other lending institutions. Though our government through the Central Bank and the Banker’s Committee came up with guidelines requiring banks to set aside 10% of their profits for funding MSMEs, majority of these banks have been reluctant to do so. This has led to the emergence of micro-finance institutions which though helpful are not sufficient for meeting the financial requirements.

* Multiple Taxation

One other sensitive challenge that is encountered by majority of Nigerian entrepreneurs is multiple taxation. Although we have a responsibility of funding the government through paying taxes, most of the taxes charged on entrepreneurs are not lawful and have the effect of increasing the cost of doing business. Although Nigeria’s Companies Income Tax Act (CITA) has approved only 39 taxes and levies, there are over 500 various levies and taxes that are imposed by state and local government agents. These taxes are questionable and in the case where they are genuine, they are mostly duplicated and this has the effect of increasing the cost of doing business.

* Poor State of the Country’s Infrastructure

The state of our infrastructure can be deemed to be a nightmare to both entrepreneurs and the rest of the country’s population. With the existing infrastructure deteriorating and in some places it is non-existent; the cost of doing business has tremendously gone up. The state of the country’s road network makes it hard for entrepreneurs in the agricultural sector to transport harvested produce from farms to processing factories. According to a report released by the World Bank, Nigeria’s pace of socioeconomic development and growth is way below what we can achieve. This is mostly because of the erratic supply of electricity which has negatively affected many businesses. The outcome of power problems has prompted entrepreneurs to generate power through expensive ways that have in turn increased their production costs and made their products uncompetitive due to high prices. Our government should put policies in place to perk up Nigeria’s infrastructure so as to promote successful entrepreneurship.

* Failure to Adapt to the Changing Business Environment

Majority of those who venture into MSMEs (Micro, Small and Medium Enterprises) do so because of their need to make money and in almost all cases, such entrepreneurs lack relevant and adequate information about the businesses they engage in. In the event where problems arise, most of these business owners lack sufficient problem solving skills and in the end they find it hard to survive. With the telecommunications sector having grown by about 206.5 % between 2002 and 2004 and is continually expanding, Nigeria has become one of the fastest growing ICT market not only in Africa but also worldwide. This presents a challenge to entrepreneurs who have not embraced technology, and who are now finding it hard to remain relevant in the competitive business environment. For existing and potential MSMEs to survive and be relevant, we must adapt to the changing business environment and embrace technology.

* Addressing the Challenges

Solving the problems encountered requires a combined effort by both the entrepreneur and all concerned stakeholders. As Small and medium business owners, we need to increase our knowledge and skills of the market by acquiring relevant and up to date education particularly in your area of business. Our entrepreneurs need to collect information about their target market by seeking help from consultants and professionals who have experience in the particular market.

One strategy that can be used by our small and medium entrepreneurs to remain relevant and competitive in today’s market is to come up with fresh and creative ideas of doing business. Due to the increase in technology, business is fast changing, thus our MSMEs need to constantly re-invent the way they do business.

There is a great need of creating a strong link between MSMEs and supporting institutions if Nigeria is to fully benefit from such businesses. Though some financial institutions are still reluctant to provide financial assistance to MSMEs, there are some that give out loans at reasonable rates provided the business sounds viable. The key challenge is for our entrepreneurs to prepare sound business proposals. For our country to achieve its goals and stop relying on oil alone, we need to focus much attention needs on the private sector and our government must create a conducive atmosphere for such businesses to thrive and drive the country towards economic prosperity.

Why Do You Want To Be An Entrepreneur?

Most of the discussions start with the question, “How can you be an entrepreneur?” and “What should be done to be a successful entrepreneur?” but the first question that must be dealt with is “Why do you want to be an entrepreneur?” Do you really want to be an entrepreneur? This is the first question that must be asked by anyone and everyone before thinking of starting any business venture? This is the moot question. And yes, first of all you would have to understand who is an entrepreneur? What is entrepreneurship per se?

The word entrepreneur comes from Latin. Entre-enter; pre-before; neur-nerve center. Taking its derivation we could understand entrepreneur as someone who enters the nerve center of a business that no one entered before and then makes changes to it that results in a paradigm shift in the whole process. An entrepreneur is the one who is willing to take risk in any business endeavor. Entrepreneurship is the art of finding an opportunity and then pursuing it to success. As a saying goes “brilliant people also see the same things that others do but they observe things that others don’t.” It is the same with entrepreneurs also. They come out with ideas that others don’t think about and that is why they become successful.

Another term which has found a lot of popularity in recent time is a technopreneur. Well, a technopreneur could be understood as an entrepreneur in a business related to technology. It is generally seen that a technopreneur generally has some kind of proprietary and patentable intellectual property rights that he commercializes and reaps benefits out of it. Technopreneurship is a term which is generally used for software companies.

Now let’s talk about our earlier question. Why entrepreneurship? Why are you thinking of being an entrepreneur? Do you really want to be an entrepreneur or is there some kind of compulsion to be an entrepreneur? Is it because you don’t have any job or you currently find yourself out of job? There are many who get into the field because that is what his father and forefathers have been doing. Well, after all, it is their family business. And there is another category that interests me the most. It is the one where people claim that they want to be entrepreneurs for the very simple reason that they want to be entrepreneurs. Entrepreneurship is in their blood.

It is for you to ask yourself. Why do you want to be an entrepreneur? I would like to tell you one thing. Entrepreneurship can really prove very rewarding but and this is a very big but, it is very risky and not easy. Until and unless you are ready to slug it out till the end, the chances of success are very limited. If you are fed up with you daily office routine and want to try your hands in entrepreneurship, let me tell you that the time you would have to spend for your own company would be far more. The effort that you would have to make would be far greater than what you have been making. There has never been any short cut to success and there would never be any. But yes, when you really become successful, the rewards compensate for everything.

The avenues open are many but you would have to make appropriate choices. The present time offers you opportunities where you can earn money and make a mark for yourself without actually investing too much of capital. Yes, we are in the age of “MiniPreneurs” where anyone and everyone can start a business of their own

Entrepreneur Advantages and Disadvantages

Entrepreneurs enjoy the freedom of making their own business decisions and becoming their own bosses. In addition, they also gain the stability and control that could never be achieved as a regular employee. If you have been dreaming of becoming one of these entrepreneurs, you should find out the disadvantages and advantages of taking on this role.

Advantages of Entrepreneurs

Excitement: compared to being regular employees, entrepreneurs enjoy much excitement beginning from the planning stage of the business up to development and realization. Thrill-seekers obviously love being entrepreneurs as they are exposed to too much risk. You should never forget, that all business risks that you agree on taking, should be calculated.

Salary Potential: most people who are employed generally feel that they are not being compensated for the work they do. In addition, they must follow the salary structure set by their employers. Entrepreneurs, on the other hand, earn money that is commensurate to their efforts.

Flexibility: having control of work schedules and commitments makes the life of these entrepreneurs enviable. They are able to take vacations anytime and spend much quality time with their families.

Independence: for people who love the idea of not being answerable to anyone else but themselves, becoming an entrepreneur would surely be wonderful. They would be able to make decisions without the pressure of getting fired.

Disadvantages of Entrepreneurs

No Regular Salary: when you start a business, you should be prepared to leave behind the security of having a paycheck each month. Even successful entrepreneurs experience lean months when all financial resources are being taken up by the new business.

Work Schedule: although they have the luxury of a flexible schedule, entrepreneurs also make sacrifices especially during situations that require them to work longer hours. Unlike regular employees who are not worried too much about the status of the business, entrepreneurs must make sure that everything is going well.

Administration: because they own the business, all major decisions are made by entrepreneurs. This is quite a burden and handling such responsibility is quite difficult. Every decision directly affects the future of their businesses and avoiding costly mistakes is imperative.

After comparing the advantages and disadvantages, you will have to decide if you can realistically handle all the responsibilities of owning your own business aside from being prepared for all the risks you have to take. But if you look closely, being an entrepreneur is still desirable especially with the sense of fulfillment and accomplishment they gain from beating all odds and overcoming all challenges. As long as you have passion and commitment, you will be able to handle these disadvantages beautifully.

To Create Wealth Marry the Mindset of an Entrepreneur to a Network Marketing Business Opportunity

No professional entrepreneur with a thorough understanding of Network Marketing will deny its viability as a wealth creational asset that makes available the ability to persevere in the profession of entrepreneurship. Network Marketing and the Direct Selling industry as a whole continues to grow through good economic times as well as bad. It has survived a roller coaster ride of poor press and bad word of mouth criticism that still lingers in the memories of some to this day, yet through the entire tenure of the business models conception it has prospered and enriched the lives of all whom are able to bring to it an entrepreneurial mindset to succeed in business.

The vast majority of businesses, conventional and those offered through a Network Marketing home business opportunity will fail within their first few years. The cause of most conventional business failures is due to the inability of the entrepreneur to continually raise the necessary capital to keep the business afloat until it is able to operate solely and continuously from its accounts receivables while maintaining a security cash reserve. The most common cause of failure among those operating a Network Marketing home business is that the newly independent business owner is either not an entrepreneur, or has failed to adapt the mental mindset of an entrepreneur.

The low cost of operating a Network Marketing home business and the fact that it can be started and operated part time makes it an attractive option to the employed and unemployed that see a visionary path to financial freedom, and gets excited about it. When it does not quickly transpire, they quit, and continue along the path of their familiarity, and believed security of being among the employed working for someone else. An entrepreneur sees a market demand, an opportunity to create a business to address it, and moves forward with a vision so clear that others are willing to follow.

Entrepreneurs are not born with a special gene. They acquire a philosophical way of thinking that those that are not do not have. However among the few things that is freely among our control in life, our way of thinking is one of them. This mental adjustment is within your powers, and adapting it to its fullest is within your capability. The cost effectiveness of starting, owning and operating an independent Network Marketing home business monetarily affords you the time. It further exposes you to others that will help you through the maze until you exit at the door of the financial prosperity that only an entrepreneurial path can bring you too.

An entrepreneurial mindset is a positive attitude. It may seem difficult to develop, and even harder to sustain when most of the attitudes around you are conditioned to its opposite. If you want to be among those who obtain long term success in Network Marketing (it will not happen quickly), you must acquire it and sustain it even during periods of your worst doubts. Wealth is not a privilege, it is a right! You have the ability to achieve financial abundance through Network Marketing, time, effort and the help of others (no one strives to financial abundance on their own, we all need the help from others), but wanting it is not enough; you have to want it bad.

Top 10 Network Marketing Books Every Home Business Entrepreneur Must Read

Leaders are readers… But of the thousands of business management, home business, wealth building, and network marketing books on the planet… which ones can have the biggest impact-right now-on your home business?

Learning how to prospect and find leads, train team members, and build an explosive network marketing organization, are the biggest challenges to success you will ever face.

I know, because I’ve been there. I know how it feels to lie awake at night wondering… where can I find leads? And, what am I going to do when my warm market dries out?

We all face these challenges-and while a single book may not hold the answers to your problems, they can inspire you, help you to develop new marketing strategies, and motivate you to press on towards your goals-despite the challenges.

After ten years of working in the home business industry, I’ve found success in this business can be tagged to three common factors…

1. Having a burning desire to succeed

2. Having the courage to act on your dreams

3. And, having a tightly focused strategy to guide your efforts

Knowing that, I have categorized the top 10 network marketing books according to how they can best help you in each of those three areas.

Top 10 Network Marketing Books: Building Your Desire

Rich Dad, Poor Dad, by Robert Kiyosaki

While not strictly about network marketing, this book is important because it teaches you about how wealth is created-and how your network marketing business is a perfect way to create passive income.

Cashflow Quadrant, by Robert Kiyosaki

This book is like a sequel to the one above, but details how money is earned, and how owning your own business is the only sure way to create what Peter Drucker called, sustainable and profitable revenue growth.

Millionaire Fastlane, by MJ DeMarco

This book is becoming a cult classic among wealth builders. DeMarco cuts through the B.S. and lays it all on this book. If you are serious about building wealth in your network marketing business, read this book, get fired up, realize the potential of your opportunity, and take action.

The Parable of the Pipeline, by Burke Hedges

This is my favorite. It is an inspirational and informative read about how passive income is created-and how passive income is the only true route to time and financial freedom.

Top 10 Network Marketing Books: Finding the Courage

Think and Grow Rich, by Napoleon Hill

This is a classic, and generally makes every “success” reading list out there. Napoleon Hill had unfettered access to the inner sanctum of the richest men in the world back in the early 1900s. His observations about what drives people to achieve success are recorded in detail in this book.

Awaken the Giant Within, by Tony Robbins

You’ve probably heard of Tony Robbins… he’s a world famous motivational speaker and writer, and has changed thousands of lives by simply showing people how to believe in themselves, and how to build self-confidence.

The 4-Hour Workweek, by Timothy Ferriss

Timothy rocked the world with this book, and demonstrates how he earns money from various automated business-working just a few hour per week.

Top 10 Network Marketing Books: Building a Strategy

Your First Year in Network Marketing, by Mark Yarnell

Mark is a master at network marketing, and walks you through the crucial steps to success in your first year in the business. Even if you’ve been around longer than a year, this is a great book to read and share with your team.

Go Pro, by Eric Worre

Eric is best known for his mountain of network marketing videos he has produced. But, he is also a raging success in network marketing, and shares his wisdom in this A-Z guide to marketing.

My final suggestion is not truly a book-it’s YouTube.

While you have to be careful not to get distracted, you can find tons of advice, marketing tips, and ideas on how to market your business.

You Can Get Rich (Still) As a Home-Based Online Entrepreneur

“Opportunity is missed by most people because it is dressed in overalls and looks like work. “

Thomas A Edison

You may recall the late 90s when it looked as though anyone with a computer and access to the internet could become a millionaire overnight. Those were dotcom bubble and bust days. But that was only the first phase – the hype and sensation phase – of the Internet revolution. The dust has cleared and we can see things much clearer now, hopefully.

By some accounts, we’re now in the consolidation phase. And in this phase, it is quite easier to distinguish a good, real money making business opportunity from a bad one conceived and crafted in a scam artist’s lab.

Start Small and Grow it Big as You go

Given the state of the economic mess we’re now in, it is much harder to raise capital for any entrepreneurial venture be it on- or off-line. But this is the really good news. You don’t need millions of dollars in start-up money to start profiting from the online money making ideas we’re talking about.

What you need to understand is that the Internet is a communication medium par excellence – a most effective and reliable way to transmit information. And just like the telegraph, the telephone, and television before it, it has expanded the business and consumer marketplace by making it easier and also cheaper for people to buy and sell things.

Some of Those Who Wrote the Initial Online Success Stories

And some of the savvy entrepreneurs who understood this and jumped in early in the first phase came out fabulously reach. Just take a look at some of these top early performers who built billion dollar fortunes from their online business ventures Jeff Bezos, creator of Amazon.com; Jay Walker of Priceline.com; Pierre Omidyar and Margaret Whitman of eBay; Joe Ricketts of Ameritrade, Steve Case, Barry Schuler, Robert Pittman and Ted Leonsis of America Online; and Silicon Valley venture capitalists Johan Doerr and Vinod Khosla.

Then there are the “latter day saints” – otherwise average folks who are creating great wealth online as I write Mark Zuckerberg, Dustin Moskvitz, Chris Hughes, and Eduardo Saverin the founders of Facebook.com; Reid Hoffman and his group who founded LinkedIn.com; Jack Dorsey and others who founded Twitter.com.

The Lesser Known Among Them

Others like Bill Bonner, Founder of AgoraInc.com – one of the largest and most successful consumer newsletter publishers in the world, my very own business mentors, Michael Masterson – who has recently “retired” again as a business builder, Jay Abraham, Bob Bly, David Cross, Rich Schefren, Mary-Ellen Tribby, and many other astute entrepreneurs have also built great wealth online. These individuals are writing their own internet-based business success stories.

Unfortunately, not every one of the lucky billionaires referred to earlier – especially those in the first phase of the Internet revolution, created good businesses. Some of them got rich simply by ‘selling a hot idea into a frenzied market’.

What this means is that there are all manner of ‘success stories’ out there. And if you want to build your own fortune online today, you have to choose the right success story for you. You’ve got to find a proven online business building model to follow. Two of my favorite recommendations come from Mark Zuckerberb and his colleagues who founded Facebook.com and AgoraInc.com. The Agora model is by far the most successful online business building model I know of. It is a model developed in part by my main business mentor, Michael Masterson. This is the model we’ve adopted and are refining in our own business. And it is what makes us the destination of choice for those who want to start and grow a profit making, Internet-based home business today and don’t have a large bank account to use as start-up money.

You really don’t have to reinvent the wheel. All you need is to learn from a successful model and adapt it to your peculiar situation.

So, are you ready to finally to start creating your own little fortune online while there’s still a chance to do so even when you don’t have that much money?

Remember, nothing happens unless you take action. The best time to start creating your own little web fortune is NOW!

How to Be an Entrepreneur: 7 Traits to Turn Possibility Into Reality

Successful entrepreneurs are winners. They are the people who have great belief in their ideas and are driven to turn them into reality. They are the people who are willing to take risks in order to live their lives in their own terms and they have that mindset and ultimate of goal of becoming successful even before they begin.

So if you want to know the importance of having that desire to change the way you live, how much you earn and how you want to make an impact to society. It’s simply indispensable.

Of course, you don’t want to be just an entrepreneur. You want to be the best! It’s safe to say that most successful entrepreneurs learned something from someone who served as their mentor. Someone who inspires and believes that with the correct fundamentals and strategies combined with the right mindset, a person can and will be successful.

These are 7 traits you have to develop before you can become an entrepreneur:

1. Have a Vision. Visualize your success even before you begin, see yourself when you are successful, what will the business look like, how much you will be earning per month. It is important to visualize and picture it out in your mind how it’s going to look like when you achieve success. Doing this keeps you driven and determined in getting there.

2. Believe in your ideas. Having belief in yourself is vital to achieving your goal. Remember, if you yourself do not believe that you can, how can people believe in what you’re trying to sell or offer?

3. Be Passionate. In order for you to be able to willingly commit a lot of your time in to what you do, you have to be passionate about it. You will be engaging in a venture where you will be the one in control and if you want to make it last you have to love what you do and you have to be passionate about it.

4. Always have a Plan. Successful businessmen always have things planned out. Entrepreneurship is a field where you have to be equipped to get out alive or in business terms – to get the cash rolling in your bank account. Do your research, brainstorm, identify different strategies and make the most ideal plan and stick to it.

5. Be Goal-oriented. As much as it is important to have a vision and be passionate in what you do, it is vital to set your goals. Goals serve as the milestones in achieving your success. Having them keeps you focused, straight-forward and gives you a time frame of your desired success.

6. Take Action. In order to achieve your goals. Successful entrepreneurs take action. Time is valuable, and you do not want to waste it. While setting your goal gives you a time frame in achieving your business’ success, you need to move! Don’t waste any opportunity. Every little thing counts, write down business related activities and at the end of the day look at what you have accomplished. The effort you exert will also determine the result you get in return.

7. Be Resilient. In entrepreneurship, there will always be risk. Successful entrepreneurs are successful because they took risks. It does not mean that they became successful because they made a risky decision and everything went well. Believe it or not, all successful businessmen, professionals, entrepreneurs have risked and lost before. But even after failing, you have to be resilient. It is a valuable trait you must develop in becoming an entrepreneur, adversity and failure will always be there, they will always be inevitable so you must be able to bounce back after every failed attempt. The best entrepreneurs are those who can laugh at the face of adversity.

Moving From Doubt to Self – Esteem As an Entrepreneur

Are you an Entrepreneur who is starting up a new business?

Do you struggle with a persistent sense of self-doubt that you can’t or won’t succeed?

You know you have the knowledge; you know you have the experience; you know you have the ability; yet, on some level you still question your skills and worry about your potential to succeed in a loud and busy entrepreneurial world.

Although these doubts can be confused with low self-esteem, they’re very different in how they factor in to results.

Self-doubt is a normal feeling and tends to creep in when you’re faced with something new or different. Even those who have been in the business long enough to have gathered a reputation of success can have doubts about their abilities to bring their businesses to the next level of success.

Self-esteem comes from knowing and owning your capabilities. It comes from relentlessly using your positive self-talk to brand yourself as a person you can believe in to achieve the outcome you want.

The world of entrepreneurship is all about promotion. It does not matter just how good you are, and whether you are good at what you do, if you are a well-kept secret.

Marketing yourself and your services takes surety and confidence and that is all related to your self-talk.

In the world of entrepreneurship, you have to be ready and willing to put the time and effort behind your ideas. You have to be willing to put yourself out into the world and promote yourself, promote your product, and promote your services.

Yet self-doubt can crush all of that if you focus on your past failures, and compare yourself to other people doing the same thing and give in to those fears. This is when Imposter Syndrome feelings can kick in and take over.

One way to fight self-doubt and let your self-esteem take over is to act. That’s the only way you’ll ever gain the experience you need to reach the goals you’ve set for yourself. You’ll gain confidence as you progress through the smaller goals to reach the larger ones and this will boost your self-esteem and push the self-doubt into the background.

Relying on your self-esteem to push aside your self-doubt when it threatens to paralyze you and ruin your plans for the future is as simple as calling in on past success and accomplishments, along with your mental acumen to get things done. After all, you’ve succeeded with many things in the past and can do it again.

That is why keeping track of success is vital and necessary to propelling achievement. Even calling on successes that you have had in other areas of your life can be helpful, as it reminds you of the mindset habits and steps that you had to have in place in order to get the results you achieved.

If you are able to transfer this process to what you need to do now you have a blueprint at your fingertips that can guide you in your next steps towards success.

Commit to learning, get out of your head and invest in some coaching or mentoring.

Silencing the self-doubt, you may feel when starting a new business venture can be put to rest by taking continuous, focused action; using past success as a validating guideline and blueprint; and investing in continuous learning and support. These simple actions can send you on the way to getting the results you want.

And guess what else it will do?

It will add to and boost your self-esteem.