7 IMPORTANT THINGS YOU SHOULD KNOW BEFORE STARTING A BUSINESS.

You are welcome to my blog mybusinessandguides.blogspot.com.ng. I have been sharing tips on business management and entrepreneur's success. I started with who is  The business minded entrepreneur. I gave a good description of entrepreneurship and also posted other articles How to get success in business, Your great business ideas guideline.

I have made lots of researches, read lots of business books and online articles and then came up with this ideas of sharing some basic things entrepreneurs should know before going into business.

7 IMPORTANT THINGS YOU SHOULD KNOW BEFORE STARTING A BUSINESS.

• IT TAKES TIME

Many entrepreneurs think that within one year of setting up a business enterprise money will start coming big time. It happen sometimes depending on many factors. Research shows that the average time entrepreneurs will start making money from his business should be from the second year.

• STAY CURRENT

Keep your business current with fresh products and informations. Devout lots of time in marketing. Create a community of like minded people and hang out with them.

• FACE YOUR FEARS

Fear is a natural thing and it is always present when someone want to set up an enterprise. Entrepreneurs are faced with fear of criticism, failure and the unexpected. To succeed, face your fear and don't care about what other people think.

• SHARE YOUR PROBLEMS

As simply as it sounds sharing problem help in clarifying things. Make your problems look less scary and overwhelming by sharing it  especially with people that can help.

• LEARN TO SAY NO

When things start going well,you might get recognised and be approached a lot for interviews,projects,promotional ideas,television shows and others. Work only on projects that truly enhance and complement your brand. Don't say yes to everything.

• DON'T QUIT

Things might start going wrong in business but don't quit. It's normal and every successful entrepreneur faced some difficulties along the way. You might have gotten a loan from banks,persuaded relatives to invest money. Stay strong and find a way to tackle the problems. I guarantee things will go back to normal.

Have all this in mind and you are sure to succeed as an entrepreneur.

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