5 Tips For Entrepreneurs

February 2, 2014

a1481977-8984-4cbe-9061-8fbbf97f923f

I’m fortunate enough to be an owner for four separate businesses.  Some of them take more time and energy than the others, but they all require some of the same things to keep going, and be successful.  Some of what I’ve achieved is luck, but a fair amount can be blamed on a few simple principles.

5 Tips for Entrepreneurs

  1. Be Flexible – If one thing doesn’t work, then try another.  There may be multiple approaches to a solution for the same problem.  Some of them will likely work better than others.  Be willing to change things up and try to do things differently, if you aren’t successful at first.
  2. Be Persistent – Success takes persistence.  new businesses weren’t born in a day.  Chances are, you’re going to have to keep plugging at things to make them successful.  It will be a long, slow slog. Things may pop, but they also may take far longer than you ever expected.  It took Extension of You 2 months longer to get our license than I thought it would.  So we used that time other ways, to make the best use of our resources.
  3. Accept that there will be Bumps in the Road –  the path to success is never smooth.  Things will go well, until they don’t.  Sometimes they go really bad.  But you have to keep going, to get over the bumps.
  4. Develop a support network – Let’s face it.  Going it alone is really tough.  Having a support system is key.  I find that having friends who know different sides of what’s going on, and can offer different perspectives, or just listen to me vent is helpful.  That support system isn’t my husband.  He doesn’t need to hear all about it day in and day out.  I think I’d probably drive him crazy.  I do talk to him, but not about every minute detail.  That’s what my support network is for.
  5. Find and use your resources – For me, resources have come in the strangest places at times.  My Dad’s geriatric care manager has 25 years in the industry, and has given me piles and piles of ideas  and information.  I have several friends from Girl Scouts who have given me pointers, and ideas, and pointed me in the right direction.  Who would have ever thought that Girl Scouts would have been a huge resource for me?

In short, it’s going to take time, and you are going to need help.  The sooner you get to the point that you accept those hard facts, the easier it will be. What are your tips for entrepreneurs?  If you could give advice, what would it be?  Please feel free to comment below and share your perspective.

 

Categories

More Posts:

The Power of Women-Owned Small Businesses

     Women-owned small businesses are on the rise, and their impact is undeniable. In fact, in 2019 alone, women-owned nearly 12 million businesses that employed nearly 9 million people and generated over $1.9 trillion in revenue. From retail to technology to finance,...

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

How Entrepreneurs Can Stave Off Burnout

Have you been feeling more stressed and exhausted than normal lately? Everyone experiences burnout at some point in their career, and this is even more common with entrepreneurs due to the many responsibilities that they have. Here are a few ways to stave off burnout...

Strategies and Technology for Female Entrepreneurs

Since entrepreneurship is the foundation of any nation's economy, it is essential to economic development in developed and developing nations. In the last several decades, there has been a significant improvement in the role of women in our society. Women are now...

Role of female entrepreneurs in a changing society

Over the past few decades, there has been a significant increase in female entrepreneurship. More women are choosing to launch their businesses and participate in the world of business creation, one of the rapidly expanding facets of entrepreneurship globally. But in...

Features Every Health Insurance Plan Should Have

When creating a health insurance plan for your employees, you want to be as thoughtful as possible. Not everyone is in the same situation and they need health plans that are flexible and customizable.  There are some features you can add to your plan to make sure your...

How Entrepreneurs Can Feel More Confident in Their Appearance

When you are an entrepreneur, the way you look is a big part of your success, because people will tend to want to help your business if you make a good impression. It can be difficult to like the way you look, but when you put in the effort, you can improve your...

How to Be a Better Mentor to Your Employees

As an employer, you have a lot of responsibilities on your plate that you need to take care of. And while you can get through your work by just handling those basic responsibilities, you can make a bigger impression with your business if you focus on creating an...

Economic Factors That Are Affecting Businesses Right Now

With a worldwide pandemic and a war in Ukraine, the current state of our economy is on everyone’s mind right now. Oil and gas prices are soaring, and inflation continues to rise. Furthermore, the labor market is abnormally tight. But what do these economic factors...

Growing Industries Software Companies Should Target

When you are in the business of creating software, it always helps to find new sectors that you can branch into. Every industry relies on software to get its work done, and having newer and more effective software options makes those industries work more effectively....
Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

How to Expand Your Hiring Pool

How to Expand Your Hiring Pool

A diverse workforce can bring fresh perspectives, increased innovation, and a range of skill sets to your business. To create a more dynamic team, consider expanding your hiring pool in unconventional ways.  Hire From Outside Your Industry Hiring employees with...

Tips for Starting a Dog Park Business

Tips for Starting a Dog Park Business

Conclusion

Starting a dog park business can be very rewarding, but it requires careful planning in areas like design, safety, marketing, and community engagement.

By providing an enjoyable environment for both dogs and their owners and actively involving the community through events and partnerships, you can create a thriving dog park that meets a need for Colorado Springs residents.

With dedication and a focus on safety, maintenance, and the needs of visitors and their canine companions, your dog park can become a treasured community hub for years to come.

Elements That Should Be Part of Your Company Retreat

Elements That Should Be Part of Your Company Retreat

A company retreat is an excellent opportunity for team-building, learning new skills, and fostering relationships between colleagues. Whether your team is large or small, a well-planned retreat can be an invaluable investment in your company's success. We will explore...

How to Make Employee Health a Priority

How to Make Employee Health a Priority

Prioritizing employee health is crucial for creating a healthy and productive work environment. By investing in the health and wellbeing of your employees, you can improve morale, reduce absenteeism, and build a positive company culture. Here are some tips on how to...

Why You Should Run Your Business on the Latest Technology

Why You Should Run Your Business on the Latest Technology

In today's fast-paced business environment, keeping up with technological advancements is essential for success. Implementing the latest technology can offer numerous benefits, such as improved productivity, enhanced data security, and reduced costs.  Improve...