One of the main reasons why many entrepreneurs are not encouraged about how to start a business they have in mind is because they do not feel well prepared.
The truth is that one is never prepared to undertake. There are business lessons that you will only learn when you are encouraged to create your company … However, what do you do while we urge you to take the first step?
Here is a series of lessons that are essential to success in business. You can start acting on each of these points to growing your character, gain faith and improve entrepreneurial skills that every entrepreneur must master.
What do I need to learn to succeed in how to start a business?
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7 Common Mistakes When Starting a Business
Facing problems as challenges, not obstacles.
If it is worth it, it will not be easy. The path of entrepreneurship is full of challenges that will help you grow as you go.
If you are one of those who says “Why me?”, Every time you face a problem, you are going to have a terrible time in business. Better ask yourself: Why this happens to me? What should I learn from this that is happening to me?.
The vast majority decides to surrender to the problems, but you are not like the majority. An entrepreneur sees opportunities where others only see problems.
Use each stone on your path as a step to continue climbing. Every problem you face with patience and judgment will leave you valuable lessons to grow as a person and as an entrepreneur.
Learn to accept criticism with intelligence.
Be sure that they will criticize you. Some criticisms will be destructive and others constructive. You must be so smart as to know which critics to listen to and which to ignore.
Some critics will be very high, but you must be stronger so that the analysts will help you grow instead of collapse.
“There is only one way to avoid critique: do nothing, say nothing and be nothing.” -Aristotle
Working for goals and visions, not for money.
If you want money fast and secure, probably what you need is a job. At 15 days you will receive your first payment.
When you ask how to start a business, you must learn to work for goals and dreams; And that implies, in many cases, to sacrifice benefits in the short term in exchange for achieving what you have proposed.
Embarking by focusing solely on money will make you give up when the financial results are not what you expected. However, if you focus on something more important than money, as a purpose or a dream, then you realize that it is worth making sacrifices.
“When you stop following the money and start following your passions, the money will begin to follow you.”
Consider your time and that of others.
In business, time is a non-renewable and invaluable resource.
A successful person knows that he can make more money, but he can never earn more time; So you will always consider your time and that of others.
Being constant is synonymous with commitment, responsibility, and respect. If you want to be taken seriously in business, punctuality is not optional, it is essential.
Punctuality is not just about getting to your meetings on time, but also delivering your commitments in time to clients, partners and allies. Make punctuality a habit and principle in your life, in your work, and your business.
“It is hard to show you trustworthy when people have to wait for you.” -Wes Fessler
As a business person, you will have to interact with customers, suppliers, and partners. You will have to participate in events and speak in front of the media on behalf of your company. If you fail to express yourself adequately, you could lose great business opportunities for your business; then it is all right for you to follow public speaking with confidence, determination, and trust.
You do not need to become an expert talker, but it will help you improve your diction, handle your non-verbal communication and learn to express your ideas clearly and concisely.
Believing in you, even if no one else.
Believing in you when everyone agrees with you, it is easy, but. Are you ready to believe in yourself, even if no one else does? That if it is difficult.
Are you going to give up your dreams and your ideas when others do not believe in them? What are you going to do if quickly those people that you thought were always going to leave you?
To embark is a path full of uncertainty in which nothing is certain, but everything is possible. Sometimes you will have to catch your instinct, even if everything else is against you. Along the way some people are going to leave your side because their ideals no longer coincide with yours and you will feel alone … Are you ready to fight for your goals, even if you do it alone?
“If they tell you that something is impossible, it means that it is impossible for them … not for you.”
Do what you have to do, even if you do not want to do it.
To undertake is to do what you love, even when you do not want to do it. It sounds incoherent, does not it? How can you not want to do anything you love? So that is it. As much as you love what you do, there will be days when you will not want to do it.
You must be self-disciplined. If you need someone to give you orders to put you in action, then you will be better off in a job. In business, you must be your motivation.
“Success begins with self-discipline. Start with yourself.”
Acquiring saving and investment habits.
Financial discipline is key to business success. It is common to see that in the new ventures the partners distribute the profits as they obtained, so there is no saving, no investment, no growth. In fact, some companies spend all the time running to meet the financial needs of their owners.
It does not matter if your business generates much or little money, it is fundamental that you destines part of the income for the savings and that from those savings you establish investment plans that allow you to grow. Otherwise, your business is going to be simply about to survive.
Before learn how to start a business, make sure you acquire healthy financial habits and develop your financial intelligence. Everything you learn about how to handle your money will allow you to make better decisions in your business.
“Without motivation, there is no sacrifice, no sacrifice, no savings, no savings, no investment, no investment, no growth.”
Learn to prioritize about how to start a business.
When you ask how to start a business,, it is very easy to distract yourself by trying to encompass how many opportunities passed before your eyes. In fact, the primary cause of business failure is the lack of focus.
In the beginning, you will have to prioritize and pick very well where to focus your energies and resources, or you will end up doing a lot and achieving little. Getting started is not about how many hours you work, but about what results you are going.
Focus on the important thing. Do one thing and make it better no one else.
“It is not that we have little time, but we lose a lot” – Seneca
Give in body and soul for what you love.
Do not start a business thinking about everything the company can give you, but everything you can give your business. Emprende in something you love, something that makes you forget the physical limits and get you lose track of time.
Andy Freire, the author of the book Passion for Business, says: “Close your eyes and ask yourself: Is what I am undertaking or what I would like to undertake, something that I would be willing to fail? Undertakings. “
When you love what you do, the fears dissipate, and your mind is willing to take risks and to commit madness.
The things you have in your head will lead you to achieve the possible. The things you have in your heart will lead you to achieve the impossible. Fall in love with your ideas, not with your ideas.
If you are not ready to give yourself body and soul for what you like, you are probably not willing to go either.
Give the extra effort.
A Chinese proverb says that “The temptation to quit is never as high as when you are about to achieve your goal.”
Even if you run out of energy and have no strength, make one last effort. Great achievements require great sacrifices. The battle does not end when you fall, but when you give up.
When you give the extra effort, you break your limits, and you grow in the whole sense of the word.
“The difference between an ordinary person and an extraordinary person is precisely that EXTRA that few dare to give.”
Know how to sell.
I dare say with complete confidence that the most important skill for every entrepreneur is to know how to sell. No matter what your business is about or what your role is within it, in the end, you will have to interact with the market if you want to be successful.
Knowing how to sell does not only mean convincing someone to buy you but also persuading potential allies and partners to believe in your ideas, convince investors to trust you and convince your collaborators to believe in your mission.
“If you know how to sell, you will never be poor.”
Learn to work as a team.
It is astonishing how difficult it is for us to work as a team. We believe that it is easier to go it alone because we do not have to discuss our ideas with anyone, we do not have to share the profits of the business. Moreover, we do not have to depend on others to get the job done right, But the reality is that big company come from big teams.
Working as a team means finding the best people and joining them in your business, trusting them and being able to delegate.
A successful team is one in which its members possess complementary skills and work passionately in an interdependent way. Learn to surround yourself with people with the same desire to succeed like you, and then you will understand the power of teamwork.
“Teamwork divides effort and multiplies results.”
Finish what you start.
Beginning is easy. In fact, the world is full of people whom every day want to try to do something new, but the vast majority give up before getting any results.
If you are used to abandoning your projects and leaving everything you start, you are more likely to never build a sustainable business.
The odds that you failed in your first attempt to do business are high. If you leave after the first attempt, your whole life will be frustrated thinking that business is not for you. However, if you want to be successful, you will have to try it one more time. After failure, your chances of success increase significantly with each new attempt.
“Those who give up are more numerous than those who fail.” -Henry Ford
Develop a beginner’s mindset.
Mentality means walking through life as an eternal apprentice who, with humility and enthusiasm, is filled with knowledge and experiences.
No matter how far you get or how many things you get, you always have the opportunity to learn something new.
The day you learn how to start a business, you will feel an indescribable emotion, and your mind will be filled with illusion in front of the road that you begin to travel. That feeling and that dream of starting something new, you must keep them alive in your mind and your heart every day that you open your business.
“He had changed the weight of success by the lightness of being a beginner again” – Steve Jobs, after being fired from Apple.
Learn to say NO.
If you say YES to everything, you could be saying NO to important things. You are doing business, not playing Monopoly. Here decisions are made that will help the sustainable development of your business, and that means saying NO to many things, to many opportunities, and many people.
When you undertake, many of your friends will come to you to ask for a job or to propose job, but you should always ask yourself if hiring that friend or accepting that business is the most convenient for your company. Some of your friends will feel that you have changed and will walk away from you, but deep down you know that you have struggled a lot to remain the same person.
Say NO, it does not make you a bad guy. You did not come to this world to meet the expectations of others. Those who appreciate you and understand you will admire seeing you grow and become a mature and characterful person, who can make decisions with discernment and intelligence.
“I do not know the key to success, but I know the key to failure is to try to please everyone.” -Woody Allen