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5 Essential Lessons in Entrepreneurship
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5 Essential Lessons in Entrepreneurship

It sometimes seems that certain people were born to be entrepreneurs, but often the only thing that really separate...

5 Essential Lessons in Entrepreneurship

It sometimes seems that certain people were born to be entrepreneurs, but often the only thing that really separates them from the masses is their willingness to take an idea and run with it.

 

If you’re contemplating leaving behind the safe world of paid employment and embarking on an exciting life of entrepreneurship, here are some useful tips to increase your chances of success:

 

You have to jump in with both feet

Waiting for the right time to “become” an entrepreneur can easily result in a lifetime of inertia. At some point you have to take a risk and make the jump.

 

Robert Collier was a self-help author (born in 1885), who was very much ahead of his time in helping people realise their potential. He said the following:

 

“If you don’t make things happen then things will happen to you.”

 

 

You WILL make mistakes

You won’t always get everything right as an entrepreneur. Just ask Bill Gates about Windows Vista or Richard Branson about Virgin Cola! Missteps and misjudgements are part and parcel of an entrepreneurial life.

 

Leave time to live

Becoming an entrepreneur may mean an adjustment in your personal ratio of working to live versus living to work. However, you should always leave time for a personal life.

 

Palliative care worker Bronnie Ware says that every male patient she has ever nursed has stated that they wished they hadn’t worked so hard.

 

 

Listen to feedback

Working for yourself provides a great change from being told what to do, but it doesn’t mean you will get everything right. Addressing feedback from customers and adapting accordingly is key to every truly successful business.

 

Evolve with the market

Even if you launch a successful product or service and enjoy the rewards for several years, you mustn’t rest on your laurels. If business was this easy, we’d all still be chatting on Nokia phones, searching the Web with Yahoo and shopping at Woolworth’s.

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