How to Become a Successful Entrepreneur (with Images)

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How to Become a Successful Entrepreneur (with Images)
How to Become a Successful Entrepreneur (with Images)
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Anyone who runs a business – whether it's a small business or a global corporation – can be considered an entrepreneur (or businesswoman). Success in the field is usually measured by personal and company achievements. These two fields tend to intertwine, as achieving company goals begins with the effort you put into your own success.

Steps

Part 1 of 5: Getting the Right Experience

Become a Successful Businessman Step 1

Step 1. Educate yourself

It's very important that you know the industry well, even if you don't need an MBA for that. Despite this, the lack of higher education may end up costing you a place in some companies. Enrolling in a business management class, even a distance learning course, demonstrates a determination to learn, which should please potential employers. Highlight this on your resume! Everyone needs to start somewhere. Some options:

  • College. A degree in business management can help you a lot, but before choosing a course, check what is most important for the type of industry you are interested in. Some positions may require specific training.
  • Commerce schools. If the company you're interested in specializes in a particular type of trade, specify your industry.
  • Lectures and presentations. Hear advice from industry professionals to learn more. Check the speaking schedule of local colleges or conventions in your city. Keeping up with the top professionals in the field is essential, even if you think you know everything you need to know about their work.
Become a Successful Businessman Step 2

Step 2. Strive outside work hours

To succeed in the business world, you will need to make some sacrifices. Use the millions of resources available on the internet to learn more if you are finishing school (or working) early. Always think about what comes next.

  • Many employers prioritize the skills a candidate brings with them over high degrees. Search for examples of résumés for positions you would like to fill and try to develop the skills found in your free time.
  • Don't let the extra effort detract from other aspects of your life. You need to find time to reward yourself for the hard work you are doing.
Become a Successful Businessman Step 3

Step 3. Find a mentor

Maintaining a relationship with a professional you admire can help you build an effective network. It can be difficult to connect with such a person, but do your best. Prepare some questions for when you meet him, such as "How did you get started?"; "Did you attend an entrepreneurship course?"; and "What was your first job in the industry?"

  • If a co-worker or friend of your parents works in the field that interests you, ask for that person's contact to talk to.
  • Try visiting a local business and talking to the owner. Introduce yourself as a potential entrepreneur and admirer of his achievements, asking for time to talk about it.
  • It is possible that a college professor can act as your mentor. Don't ignore existing knowledge at a university and don't think that learning is only allowed during class. Discuss and ask the teacher for advice outside the classroom.
  • Some companies have mentoring programs that match new employees with experienced workers. Take this opportunity to learn more and more.
Become a Successful Businessman Step 4

Step 4. Apply for an internship to gain experience

Don't ignore unpaid positions if they are able to form the necessary foundation for you to be successful in the long run, after all, the hours are short and will not leave you poor. Internships are often the first opportunity for students or recent graduates to network and work with professionals. These smaller positions are your entry point into today's business world, where "entry positions" require you to have at least a few years of work experience.

Ignore unpaid positions from companies that don't seem willing to help you in the long run, whether it's giving you paid employment in the future or opening doors for you

Part 2 of 5: Establishing Good Habits

Become a Successful Businessman Step 5

Step 1. Prioritize tasks

First complete the tasks that should benefit you in the long run. You need to differentiate tasks that are high value (which will benefit you more in the long run) and low value (which are easier but offer less benefit).

Become a Successful Businessman Step 6

Step 2. Stop procrastinating

Ignoring the less pleasant parts of the service won't make them go away. Accumulating the bad things to deal with them at once, after doing the "fun" parts of the job, will only make you sick.

  • Build lists. Seeing all the work that needs to be done and crossing off each item as you complete it can help you a lot in combating procrastination. Lists should be long enough to keep the entire service in perspective, but not long enough that you're exhausted just looking at them.
  • Divide large or labor-intensive tasks into smaller blocks, spreading out the less pleasant aspects of them among the things you like.
  • Stick to your schedule: Building to-do lists doesn't work for everyone, but keeping a regular schedule should help you run your business efficiently. Organize the jobs you don't like to do for a specific day and forget about them on other days to overcome your procrastination habits.
Become a Successful Businessman Step 7

Step 3. Complete projects

Complete every task you begin: Finishing a project should teach you more than doing dozens of projects without completion.

Sometimes you can get overwhelmed by a service. When undertaking a time-consuming project, you should assess whether you are using your time well (remember the high and low value tasks). How do you know when it's time to abandon a project? Look inside yourself and be honest: if you're always thinking about giving up – and you have countless unfinished projects under your belt – maybe it's time to move on and get the job done

Become a Successful Businessman Step 8

Step 4. Take responsibility

A successful entrepreneur must take responsibility for his actions, whether they are good or bad. This demonstrates that you are willing to negotiate openly and responsibly. Running away from negative results can have disastrous consequences in your professional relationships.

Part 3 of 5: Turning Your Passion into Service

Become a Successful Businessman Step 9

Step 1. Go after something that is important to you

Committing to pursue something makes passion take over on days when you feel unmotivated. The passion for something won't make everything fun, but it must mean something. Your efforts should always be directed towards something that will make you proud in the end, or at least bring you closer to what you really want to do.

Become a Successful Businessman Step 10

Step 2. Find the balance between fun and work

Maintaining a healthy balance between your social and professional lives is essential to your long-term success and well-being. In the beginning, the greater your ambition, the greater your workload: having a passion for service will help you make those extra hours meaningful.

  • Going headlong into the job without resting will leave you stressed and less effective. Set limits and take frequent breaks to rest.
  • Don't think you're your job: it's important to take a break from work – as much as that's your passion – to rest and have a new vision.
Become a Successful Businessman Step 11

Step 3. Let go of perfection

This can be very difficult if the job means something to you, but too much focus on perfection can mean you can't get the job done.

Find the balance that satisfies your boss, you and the customer without your social life suffering. Employers prefer employees who do a good job consistently over employees who do great jobs occasionally and don't meet deadlines

Become a Successful Businessman Step 12

Step 4. Be communicative

When starting a new business, it may seem presumptuous to talk about your career as something very important, but it will get you taken seriously by others – and by you.

Don't make mistakes when talking about a new venture. Call your new company an "enterprise" and even if you work from home, call it an "office." It's okay to treat this with a little humor, but don't ever diminish your efforts

Part 4 of 5: Getting to Know the Right People

Become a Successful Businessman Step 13

Step 1. Build connections and don't get burned

Respectful and courteous behavior towards people is a great starting point! You never know who might become a potential partner, investor, or employer in the future.

End relationships only when absolutely necessary. When leaving a job, resist the temptation to "speak everything you think" of your boss. You never know what the repercussions will be

Become a Successful Businessman Step 14

Step 2. Make contacts as a person, not a product

Networking is essential to success, but you must never forget that you are connecting with people. A human approach can make you more memorable for people in the future. Instead of thinking "Who do I know who would be great for this position?", a future employer might think "Which position would be great for Ricardo?"

Everyone knows the importance of networking, so don't think you're the only one doing it. Self-promotion is the lifeblood of the business

Become a Successful Businessman Step 15

Step 3. Develop interpersonal skills

In addition to helping you with the day-to-day work, these skills will help you negotiate and close contracts. Several studies show that the most successful entrepreneurs are great at social and cognitive skills.

  • Strive to demonstrate that you value the work and opinions of others.
  • Listen actively, recognizing what others say by repeating what you understand in your own words.
  • Pay attention to others' feelings, words, and body language.
  • Connect people. A good entrepreneur works as a center for interpersonal connections. Promote an environment that brings people together by treating them equally and fairly and encouraging them to work together.
  • Take the lead in conflict resolution. Always act as a mediator, never getting personally involved.
Become a Successful Businessman Step 16

Step 4. Get to know your customers well

You shouldn't forge relationships only with potential employers and co-workers: strive to develop good relationships with people who visit the store, use the product, or value your work. Emotion is usually a deciding factor when buying something, not prices.

Become a Successful Businessman Step 17

Step 5. Hire employees wisely

Employees are your support network and are needed for you to succeed. Hire competent people who know how to work as a team.

  • Don't prioritize homogeneity to make employees match. Distinct viewpoints are great for business as they add innovation and experience.
  • Be cautious when hiring friends or family: while connections are the main way to get a job, nepotism can end up making a bad impression. Only hire people who are qualified for the position.

Part 5 of 5: Taking care of the business

Become a Successful Businessman Step 18

Step 1. Survive

As an owner, your main goal should be to survive. If you're just starting out, avoid creating unrealistic goals so you don't go broke.

  • The idea behind even the most altruistic business is to make money. However modest your goal (making enough money to allow the company to survive and grow), making money is still the basic goal behind all businesses.
  • You'll never achieve your goal of all underprivileged kids in the world having pet cats with your cat shop if you don't focus on keeping your cafeteria up and running first. Long-term goals are important, but they should not overwhelm short-term sustainable goals.
Become a Successful Businessman Step 19

Step 2. Invest in the future

Being thrifty is good, but just enough to free up capital for more important spending. Remember the expression "You have to spend money to make money"? Invest in things like salaries from seasoned professionals or good suits to look good in front of employees and customers. Invest in future success, don't just celebrate current success.

Avoid exorbitant spending on cars, huge offices and expensive suits: good things don't always come expensive. Image is important to the success of a business, but it shouldn't be superficial. A huge, empty office that you can't afford on time will damage your image

Become a Successful Businessman Step 20

Step 3. Take calculated risks

As much as your business needs to survive to grow, you need to take some risks. Get off the curve a bit to succeed in a competitive environment. Plan your ventures carefully and take as many risks as you can, preparing for possible setbacks.

Become a Successful Businessman Step 21

Step 4. Present the unexpected

Innovative people are loved by everyone, but chasing new ideas can be daunting. Don't be afraid to navigate the unknown – good ideas are rare and making the effort to pursue them shows courage.

A failure does not indicate that your idea was wrong. Don't abandon everything at once and don't restructure your working model for it. When working within a company or partnership, for example, the problem can be resolved by understanding one's responsibilities

Become a Successful Businessman Step 22

Step 5. Embrace failure

Failing helps you to better understand your methods and goals, however much it hurts your ego. Don't be ashamed of failures: consider them a reason to reflect. Often, facing the impossible, failing and striving to recover is what will give you the strength to do your job.

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