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10 Tips To Make You a Successful Entrepreneur

10 Tips To Make You a Successful Entrepreneur

Achieving your goals in life is not easy, it takes a lot of hard work and sacrifice. I  watched a video recently on Alux.com titled ‘15 things poor people do that rich people don’t’ and I could completely relate with them. You will be amazed at how little or maybe not important some of these things seem, but I realized that little things actually count.  Here, I have coined out 10 tips I learned from viewing the video so as  to inspire young  entrepreneurs.

Tips

  1. Avoid watching too much TV: Time is valuable, spend it on things that matter. Spending about six hours in a day watching TV is a waste of a quarter of the whole day already and that’s without taking your sleep hours into account. This brings us to the next point.
  2. Avoid waking up late: Waking up early helps your mind believe that there are important things to be done, don’t waste valuable hours in sleep. Most successful people such as Bill Gates wake up early. Try to have enough, but never too much sleep. Remember time is the currency of the 21st century.
  3. Never  blame others for your misfortunes: Never put the blame on others when things go wrong. You are in charge of your life and relationships.  Remember every problem or failure is an opportunity to learn, so don’t waste the opportunity trading blames; learn.
  4. Always have money put aside as savings: Having ready money helps you take investment opportunities when they arise and also, it’s always a relief to have money available when emergency situations arise. Avoid getting into debts to service emergencies; save.
  5. Only take loans for investment purposes: Never take a loan that would not generate money. Avoid using loans for perishables, because that would mean incurring costs on two sides.
  6. Do not spend money before you make it. Make money before you spend it.
  7. Avoid people who would drain you, stay around people that inspire you, people that will push you further, people who are successful and are doing incredible things. Don’t be afraid to step out of the crowd and move into something better.
  8. Spend time on what matters. Invest  time into what you are passionate about and watch your dreams materialize. Therefore, ensure quality time is given to what matters.
  9. Dedicate yourself to implementing your ideas and goals. Statistics say only 1 out of 10 businesses fail in the first 3 years but all businesses fail if they never got started in the first place. If you have an idea, work on it and get feedback, if you fail, evaluate and work on it again. Remember in reality, failure is an opportunity to learn.
  10. Never  depend on people to help you get to the top. It’s true that no man is an island, but the reality is the world does not owe you anything, nobody does. The world rewards only the best- Those who keep learning, those who adapt and those who never quit.

 

I hope this piece has achieved its purpose, please feel free to share your challenging and success stories with me. Send an email to info@biempowerment.com or follow me on Instagram @toksfasoro.

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