Entrepreneurship has been recognized all over the world as a veritable tool for accelerating the development process of nations. In fact, no economy of the world can survive without entrepreneurs. Why then do a high percentage of entrepreneurs go through life as failures? Why do many become obscure and ridiculed for their failed business dream?
As an aspiring entrepreneur or entrepreneur, I know you have stopped to ask yourself this question. Here is the truth; 70% of businesses fail before the end of their second year of establishment and this has been attributed to attitudinal factor.
Yes, it is not the name that makes one a success but the way one conducts his or her business activities. To bear the title “Entrepreneur” does not add a dollar to one’s pocket. If you don’t do what is required of you, it would be virtually impossible for you to succeed in the business world.
Listed below are seven mistakes to avoid in your start-up business:
1. Don’t hire an unskilled family member or friend
There is an old maxim that says, “There is no brother in business.” As you start up your business venture, this must become a well-understood philosophy; an idea, you must carry. If your family member or friend does not have the needed skill, don’t hire him.
Hiring unnecessary hands other than for the sake of skills, is an error in the business world. If you wish to employ your unskilled family member or friend, don’t do it at the infancy phase of the business. Even at the adolescence phase, you still need to train properly your unskilled friend or relative before bringing him in.
“The secret to successful hiring is this: look for the people who want to change the world.“ – Marc Benioff
2. Never see your business venture as a bank
Successful entrepreneurs are those who view their enterprise or venture as a medium for solving problems and not as a bank. They often think of ways to solve one problem or another in the view of putting a smile on the faces of consumers and not how to drain their pockets. This is why they are able to make a success story of their career.
An individual that aspires to be a successful entrepreneur must start to view his business venture as a medium for solving problems. This mindset makes a huge difference in the life of an entrepreneur.
3. Ask questions when necessary
When a problem arises, instead of raising shoulders or being too afraid of showing this vulnerability, an entrepreneur who aspires to be successful simply asks questions from those that were there before him. Of course, these people have made similar mistakes in the past, learned the lessons and now understand it.
According to Confucius, “The man who asked a question is a fool for a minute, the man who does not ask is a fool for life.” Remember the golden rule for every business owner: “Put yourself in your customers’ place.” If you keep customers waiting for too long, they will find the nearest store. In sum, the too-proud-to-ask-attitude does not work in business.
4. Don’t promise what you can’t offer
When customers find out you are not trustworthy, they’d rather die than come back to buy from you. People are like poison when you try to bamboozle them. In fact, they go to any length to make you pay for trying to call them a fool. When a customer discovers you are not honest, he will go about telling anyone who cares to listen how fake you are.
Nothing kills a business venture more than this. Remember, most consumers rely a great deal on the information provided by their family members or friends at the point of purchase. An entrepreneur that wishes to succeed never promises what he does not offer or cannot offer.
5. Don’t mix business with pleasure
No matter how hard you try, you can never get a pleasant result by mixing oil with water. Trying to mix business with pleasure is like trying to mix oil with water. Nothing good comes out of it. A business environment is a place for solving a problem or satisfying a need. It should never be mistaken for a love nest or a beer parlor.
Solving a problem is no child’s play; it demands all of a person. Spending more time and other resources on things that are less important to the growth of the entire business can kick an entrepreneur out of business faster than you can think.
“You shouldn’t focus on why you can’t do something, which is what most people do. You should focus on why perhaps you can, and be one of the exceptions.” – Steve Case
6. Never stop to research and scan through the market for business opportunities
In the face of ever threatening competition, an entrepreneur who aspires to be successful must never stop to research and scan through the market for ideas or business opportunities. Because the moment he stops to do this, his products or way of doing business becomes an old fashion.
An entrepreneur should ensure to always watch the products and advertisements of competitors in order to find the holes and fill them. Implementing new business ideas or improving on the existing ones is the panacea to an entrepreneurs success in today’s fast-moving business climate.
7. Avoid doing things not critical to the development of your enterprise
An entrepreneur who knows what he wants, sets goals and a series of intermediate goals to achieve it. Engaging in too many activities at the same time is an error in the business world. To attain his objectives, his activities must revolve around his set goal.
To avoid doing things not in alignment to the survival and development of his business, he must write down his goals and mark the ones he wants to work on first, second, third, and so on. A technology entrepreneur Elon Musk said, “People work better when they know what the goal is and why.”
If you aspire to be a successful entrepreneur simply act on these instructions.
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Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up.
In moments like this, it’s always a good idea to seek help. Whether you go to WriteMyPaper to order an essay or just talk to a friend, admitting vulnerability is an important step towards improvement. In this article, you will find some tips on how to get better at essay writing, even if English is not your native language.
Control Your Environment
Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.
You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.
Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.
Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language.
Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.
Writing Is The Answer
If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!
Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly.
Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.
Learn In a Group
It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.
The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.
Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently.
This will help you feel more confident in your skills and, consequently, speak and write better.
The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process.
A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few.
Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!
Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson.
Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!
Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!
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