Tips for Startup Entrepreneurs
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To all those wanting to venture out and willing to start their own company, here are our tips to all those startup entrepreneurs. It’s actually really hard to make a successful startup prosper in the long run. You need to spend time and dedication; it really is your own baby!
1) Be Passionate
If you ever seen a start-up CEO they are always bright and enthusiastic individuals. You have to really love and commit to your job 24/7, this is no regular job. You have to put all your hard work and sweat into it in order to see results. Learn to hustle to get what you want.
2) Surround yourself with a motivating team
Hire people who you know will be with you through thick and thin. They don’t have to like-minded like you, in fact, it’s good to have disagreements when you are discussing your projects. These teammates provide a different perspective to you which you may not have even comprehended before. But make sure you don’t hire people who are demotivating and who are rather negative.
3) Do your research
Know what’s out there, get a better understanding of the industry you plan to launch in. This allows you to know who you are competing against. But as Steve Jobs once said, sometimes customers don’t even know what they want. Come up with your ideas and then test them out.
4) Be fast
Having a first mover advantage is so important in every industry. Act fast and get your product launched before anyone else. But make sure the quality of your product is still intact. This is how you really make a profit in the long run.
5) Quality over quantity
Ensure your quality is always top notch! It’s better to have one excellent comment from a client regarding your work, compared to many negative comments. Your product that you create is what you leave behind and is a representation of your character. Always aim to exceed expectations and maintain the highest quality for whatever you do.
6) Stick with it till the end
Remember this is your baby. You cannot abandon your project and expect someone else to pick it up for you. This is your company and even though there are bumps on the road to achieving your goal. It’s okay, it happens. But don’t give up. If you give up, you will never know whether your company can really thrive.