Entrepreneurs come from different locations, different backgrounds, work for different product types, different sectors, different industries but what unites them is their steep learning curve which is risks, opportunity, threats, strengths, weakness. They experience it all. Entrepreneurship is tough.

What if we all becomes tougher and a bit wiser by preparing ourselves beforehand?

When one commits a mistake, it becomes a lesson for many.

Life is too short to commit all the mistakes by yourself. Smartness lies in learning from those entrepreneurs who have already been through all this.

Let us present to you some very important lessons that are sure to take you a long way. Take notes people.

Welcome Failures With Open Arms

We all take failures as something to be afraid of. The moment we fail, we feel like the end of it all. But is that really all? Did you actually give your best?

One thing that differentiates successful people from unsuccessful ones is their way of perceiving failures. The cliché “If one door closes, another opens “is something more than a cliché. Because it’s your mistakes that strengthen you. The instance we have of Hitesh shah, Cofounder of hugely successful analytics platform, KISS metrics. He spent around $1 million of his own money for a product that was never launched. Had his mistake barred him from trying it all over, he wouldn’t be this successful.

Keep Your Eyes Open For New Opportunities

As they say, an opportunity never knocks at your door. You need to be extra careful of all those chances that might land you in better prospects.

Craving for more is the key here. Be happy not overwhelmed with your success. Always stay eager for better things coming your way. Dr. Barry Nalebuff, founder of Honest Tea launched his business when his beverage market was on a break. He already had a beverage market to finance himself but the thirst for better never died. Nalebuff’s notes:

When opportunity strikes, you have to be prepared for it.

Outsource It Off

Outsourcing is defined as the technique which not only shares your workload but also ensures excellence. As a budding entrepreneur, you need not waste your precious time on the routine tasks, for which you can hire an oversea virtual assistant to ease you in. Rather focus on the core business areas, as it is sure to shape up your skills and generate more revenue.

Just Do It

Enough of those plans, models, and strategies. Now is the time to hit the market with your product. Planning, strategising and weighing options all are important. But there comes a time when you have to just do it.

Analysis paralysis or simply inability to execute the plans ultimately kills growth.

Once you’ve planned and analysed the market, go for it. Because it’s better to do something imperfectly than to do nothing at all.

These are all the tips and tricks which one should of careful of. They are neither the guidelines nor the cheat sheets for success because, at the end, entrepreneurship is not about following the exact blueprints of the successful businessmen.

Many young entrepreneurs think that mimicking what Steve Jobs did, would succeed them too. Instead, individuality is something that differentiates you from the crowd. As young entrepreneurs, you need to embrace your difference and create a blend of talent with wisdom and use it for your own good, because the world needs difference, not the clone.

About The Author:

[Himanshu Jain is the CEO of LegalRaasta a site for ITR filing and TDS filing in India.]

Note from Misfits: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Misfits, its creators or employees. Misfits is not responsible for the accuracy of any of the information supplied by guest bloggers.




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