Successful Tips for the Young Entrepreneurs

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Success Tips for Young Entrepreneurs
follow the rules
Manage your time
Register your business, keep records and pay tax
to escape from legal and administrative
headaches. Keep yourself presentable, trendy and
keep a good impression between your clients and
colleagues.
Another successful tip is time management. Manage
your time. Organize a well maintained appointment
book, Microsoft outlook or an online time/project
management system and make most of your time.
Stay objective No matter how passionate you are
about your business idea, you must remain
objective about its viability. Get advice from an
established entrepreneur or from someone
unconnected with your business. Rather than
ploughing ahead with ideas, focus on the
realities of running your business. Take a hard
look at profit and loss forecasts, current
market, and resources such as funding. When
youre sure that these items are satisfactory,
you can continue to innovate.
Find a mentor Arrange for mentor who will help
you understand the risks and challenges of
business and also provide you a sounding board
for your ideas and help you find investors for
your company.
Use the media properly Promote your business
via social media such as Facebook, LinkedIn and
twitter. Social media is phenomenally successful
at promotion but has to be used with great care.
Twitter, in particular can be a friend or foe of
small businesses. Engage with your audience,
dont broadcast constantly. Above all, dont
repeatedly re-post other peoples links. This
will lose followers faster than anything.
Be good to yourself Despite of how organized
and eager you are, a few day will overpower you.
Don't be reluctant to venture back from work and
do whatever relaxes you. Whether it's the
endorphin surge of activity, the lively company
of great friends or a calm day of meditation on
the beach, take advantage of opportunities to
empower yourself and balance your
responsibilities with relaxation.
Check your attitude At this young age, If
youve already started your own business, or
going to begin one, the chances are that youre
pretty self-confident. This is an important
characteristic but make sure that your
self-confidence doesnt come across to clients,
suppliers, and contacts as arrogant and
presumptuous. Everyone prefers a pioneer however
no one likes a shrewd alec. As well as thinking
about developing the brand for your product or
service, consider creating a personal brand,
which is the expert identity and picture you use
good to go.
Sachin Karpe
www.sachinkarpe.org