Saturday, August 18, 2012

4 rules for new entrepreneurs - practical tips to start right

This is a great time to be a businessman, in the decade, the latest technology and equal to the height and carried out a revolution in the field of entrepreneurship. And orderly, you now have more access to information that lets you make smarter choices faster. You have an advantage over large companies you lighter and more flexible, and faster on your feet. You can target new markets quickly, and you can turn on a dime.
But being a successful entrepreneur requires you to look at the big picture and follow through a plan from beginning to end. Rieva Lesonsky, editor of Entrepreneur magazine gives some tips that can help you when you started your organization:

T end 1.Don 'your business today.
Consider starting your business part time, especially if it is on the Internet, while you work and have a stable income. It usually takes six months to one year for ongoing work and you do not want your ability to make your house payment to the company depends on being a success overnight. Start with what you can manage financially and time wise, and expand your business growth.

2.Find your niche.
Days of general stores are gone. Especially on the Internet, consumers are looking for specialty stores. You must find a need, something a certain group of people you want, but can not get the big chain stores and filling. Lesonsky advised, "you can not compete with the big players, so you must find where the big players do not go into private niches."

3.Have an Internet presence.
Even if you did not intend to start a retail business online, and we consider that the Internet can still play an important role in your network. Have a presence on the Internet eliminates the restrictions on geographic location and expansion of the customer by literally millions. It is also a great way to promote and let people, and even in your field, and I know I was there, and what you do.

4.Refuse to resign.
Successful projects require creativity, energy, and to continue the campaign when they fail. Few people know that before Bill Gates, Microsoft created the highly successful version 3.0, it has created a Microsoft 1.0 and 2.0, both of which flopped, but he stayed in it. This design, and refused to give up what will separate successful entrepreneurs from unsuccessful. Lesonsky said, "arm yourself with optimism to overcome the" no "or a problem. There is nothing wrong with failure, just do not make the same mistake!"

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