Post by Trade facilitator on Oct 17, 2021 16:33:06 GMT 1
Tips You Need For Starting And Succeeding In Your Own Small Scale Business
Are you interested in starting your own business but don’t know where and how to start? Do not worry too much, we are here to show you the way out of the problem.
Starting and succeeding in business is not always an easy task as many will believe, if it is so simple why is it that many people start businesses and the businesses die within the first 5 years?
You must have been reading a lot from blogs teaching you about how to start and run businesses successfully, but it is far better to listen to those whose duty is to train intending and current business people.
This company is established primarily to teach and guide entrepreneurs who are interested in starting and successfully running their own businesses. We have experienced trainers in export, import and other areas where people may be having difficulties in their quest for business survival.
You cannot succeed in any business by just having an idea in your head and believing that the idea is good or fantastic. Many have started that way and failed woefully.
What are the things that will make or break your business? What determines if a business will be a success? Let’s look at some of them below.
Below are some tips for starting a business and making it to succeed:
Start on a small scale before going big time:
There is a saying that entrepreneurs are risk takers. Yes, it is true; but for the most part, successful entrepreneurs don’t like walking blindfolded into some ventures. The risks they take are highly controlled, they like to test ideas on small scale basis; and then whatever that works well will then be developed further.
They tweak whatever idea that shows some promise and throw away the ideas that are disasters. If you do not take it that way you will discover that you will lose money on ideas that seemed fantastic on paper but are disasters in practice.
Do not dwell so much on mistakes, or allow yourself to get demoralized by them:
Mistakes occur every day in business, as far business is concerned people must try and test new ideas and most of the ideas will fall flat; the businessman will wake up and continue the journey.
The basic difference between successful people and everyone else is that successful people learn from their mistakes and move on.
Look at those that are currently building spacecraft today; those flying- monsters cost billions of dollars to build, but most of them burst into flames at the initial trial runs, but the owners continued to try. They realized their mistakes and continued trying. Today they are the billionaires in the society.
I can confidently tell you that these current winners were not the only ones that started the journey of manufacturing space crafts, others were there too; but many balked after some failures. You must persevere to succeed, learn from your failures and move on.
Successful people do not blame the economy for their failure, they do not dwell on the failure, and they do not curse their bad luck or go to one spiritualist or the other. They do not blame the bad government of the day or other people for their fate. If the path to their goal is blocked, they look for an alternative path or sometimes choose a different, more attainable goal.
Learn from others:
As a beginner or someone who had failed in previous business, you have to learn from others. Find mentors, join groups with like-minded people, and learn everything you can about your industry and what it takes to get from where you are to where you want to be.
You will save a lot of money from wasted efforts if you learn from people who have been where you want to be.
You have to try as much as possible to buy courses in your profession so as to understand a lot of issues that guide the profession.
Always endeavour to talk to experts in the field in order to clear a lot of issues that can derail your business. A single advice from an expert can save your business.
Stay with us, we will continue this series in our next article on business success and survival.
Are you interested in starting your own business but don’t know where and how to start? Do not worry too much, we are here to show you the way out of the problem.
Starting and succeeding in business is not always an easy task as many will believe, if it is so simple why is it that many people start businesses and the businesses die within the first 5 years?
You must have been reading a lot from blogs teaching you about how to start and run businesses successfully, but it is far better to listen to those whose duty is to train intending and current business people.
This company is established primarily to teach and guide entrepreneurs who are interested in starting and successfully running their own businesses. We have experienced trainers in export, import and other areas where people may be having difficulties in their quest for business survival.
You cannot succeed in any business by just having an idea in your head and believing that the idea is good or fantastic. Many have started that way and failed woefully.
What are the things that will make or break your business? What determines if a business will be a success? Let’s look at some of them below.
Below are some tips for starting a business and making it to succeed:
Start on a small scale before going big time:
There is a saying that entrepreneurs are risk takers. Yes, it is true; but for the most part, successful entrepreneurs don’t like walking blindfolded into some ventures. The risks they take are highly controlled, they like to test ideas on small scale basis; and then whatever that works well will then be developed further.
They tweak whatever idea that shows some promise and throw away the ideas that are disasters. If you do not take it that way you will discover that you will lose money on ideas that seemed fantastic on paper but are disasters in practice.
Do not dwell so much on mistakes, or allow yourself to get demoralized by them:
Mistakes occur every day in business, as far business is concerned people must try and test new ideas and most of the ideas will fall flat; the businessman will wake up and continue the journey.
The basic difference between successful people and everyone else is that successful people learn from their mistakes and move on.
Look at those that are currently building spacecraft today; those flying- monsters cost billions of dollars to build, but most of them burst into flames at the initial trial runs, but the owners continued to try. They realized their mistakes and continued trying. Today they are the billionaires in the society.
I can confidently tell you that these current winners were not the only ones that started the journey of manufacturing space crafts, others were there too; but many balked after some failures. You must persevere to succeed, learn from your failures and move on.
Successful people do not blame the economy for their failure, they do not dwell on the failure, and they do not curse their bad luck or go to one spiritualist or the other. They do not blame the bad government of the day or other people for their fate. If the path to their goal is blocked, they look for an alternative path or sometimes choose a different, more attainable goal.
Learn from others:
As a beginner or someone who had failed in previous business, you have to learn from others. Find mentors, join groups with like-minded people, and learn everything you can about your industry and what it takes to get from where you are to where you want to be.
You will save a lot of money from wasted efforts if you learn from people who have been where you want to be.
You have to try as much as possible to buy courses in your profession so as to understand a lot of issues that guide the profession.
Always endeavour to talk to experts in the field in order to clear a lot of issues that can derail your business. A single advice from an expert can save your business.
Stay with us, we will continue this series in our next article on business success and survival.
