Celebrating Global Entrepreneurship Week: Advice for Potential Entrepreneurs

The world is celebrating Global Entrepreneurship Week from today. More and more people have realized that the markets of the world have been saturated enough to feel comfortable while having an attachment with a company of any standard as an employee. They know that the current economic scenario of the world does not allow individuals to rely only on “jobs”. They are aware that “inventing a job is far better than finding a job”. But as they tread upon the journey of creating opportunities based on their creativity and innovation, they realize that they have opted for a ‘hard road’ to achieve their goals. I asked a number of successful (and some not so successful) entrepreneurs how to cope up with the vicissitudes in the first few years and found some interesting common advice for potential entrepreneurs.

Understanding Entrepreneurship Stress
  • Initiating your own business may bring number of frustrations and complications, which requires you to be extremely hard working and dedicated.
  • It will require determination to pass all these obstructions.
  • Definitely, for first few months, if not a year, entrepreneurship requires long working hours.
  • Your entrepreneurial idea will enable you to reap benefits only if you show determination, perseverance, and persistence.

Passion Required For Entrepreneurship

  •  Involving commercial partners, customers, banks, investors and staff in your idea will require not only a passion but also an ability to transfer and communicate it.
  • Idea is likely to be convincing enough so that it will always find ready to help you in striking the deals to bring in tradition.
  • Motivation will play a vital role while passing by tough ties and it will completely depends on your passion that how to keep things on by motivating suppliers and staff members.
Confidence is the Key
  • Involving commercial partners, customers, banks, investors and staff in your idea will require not only a passion but also an ability to transfer and communicate it.
  • Idea is likely to be convincing enough so that it will always find ready to help you in striking the deals to bring in tradition.
  • Motivation will play a vital role while passing by tough ties and it will completely depends on your passion that how to keep things on by motivating suppliers and staff members.
  • It will be your level of confidence that will become your firm belief in hard times as it often happens to face hard times of 14 hours working in a day, feeling like to have lost all the savings of life and in spite of these, you are unable to get desired turnover.
  • It is your level of confidence that helps you to keep in touch with your suppliers, targeted customers, potential clients and also commercial partners.
  • It works as reassurance for them to have belief on what you are doing so that it keeps on encouraging them to stay connected with you.
  • Confidence is an asset that has immeasurable value to be used in your presentations or while discussion.

[youtube]http://www.youtube.com/watch?v=voD4MGwmCz8[/youtube]

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