Entrepreneurship does not begin with an experience but with a good idea. Building an amazing business strategy gives you a magical feel, but when you initiate implementing it from scratch it requires lots of hard work and most importantly patience to face unique challenges & tough times.
Let’s read out the story of an entrepreneur here and gain some smart techniques to build our own business venture.
I Virendra Ranawat, co-founder MySIPonline, believes that “Entrepreneurship is not a degree, course or skill, but your inner quality which you bring out after doing immense hard work.” For the one who wants to be a billionaire entrepreneur of tomorrow, I want to share some of the key lessons with you which I have encountered while building my first startup. Check them out here!
Hire Cream - The Perfect Recipe
It’s all about employees. “They have to be an expert in their fields as well as nice by their hearts.” Your philosophy should be to hire nice, great & polite people who are able to work with positive energy to inspire the rest on the floor. Meet everyone but hire the one you think is suitable.
Design a Team Culture
Build your team and believe in your people. You are very smart; you are better than everyone, you are highly qualified as compared to others. These things cannot create a miracle in your startup’s growth. Building a billion-dollar venture needs a group of people having years of expertise in their domain.
Say “Yes” to Organic Growth
Focus on making your product great through word of mouth. Whenever you feel that you have a satisfied customer base, you should start spending your funds on the paid advertisements. This will give you a strong boost and help you write an unforgettable success story.
Be Specific During Communications
Yes, you should be very specific in your works and talks. Never hesitate to describe your product, learn the art of self-promotion. Try to maintain the two lists to segregate your day’s tasks - what you have to accomplish in a day, and what are your future plans for the project’s growth. There should be no compromise on discussions with the clients and grievances must be addressed immediately. Also, you must avoid communication gap between your teammates to convert your product into a brand.
Every entrepreneur should learn the above-mentioned lessons in order to build a sustainable business. This ensures the best possible chance to get success for the long term.
At last, just a few words from my dictionary, “If you want to be a successful entrepreneur, do the work any way. This ability differentiates you from the unsuccessful people.”