Author - Startup Movement

How To Narrate Your Small-Business Story

Telling-Your-Story

When it comes about the story to tell, many people clearly articulate why they do and what they do. What is the importance of storytelling; well it is a marketing tool that will create the perfect brand and has a far reaching impact in customer’s lives. It is important in today’s competitive world as there are thousands of brand lying for attention. Big companies have big money for advertising whereas small company’s powerful marketing device is its story. Storytelling makes you unique to be seen and heard because people love to hear a well told story. But how you should go for that, here are few pointers that give your business the leverage of a well-constructed brand history.

Everyone likes to pay attention to the story when there is a hero involved. Knowing your story is very important because that makes you stand out in a different way. It could be a plain stated statement telling about how you formed business and what your company is about, but the real story telling is to understand what makes your company unique. Do mention things like how you overcome the barriers in the early days and what lesson you learn from to make it a compelling tale. These factors will shape your brand’s image in the minds of your customer. Listening to the story may actually help the audience to see the kinder side of the business. Another part in story telling is to tell about your product’s story, how it was constructed, reason behind why it was made and so on.

To be a good story teller you must have a persuasive voice to capture your audience attention and engage them into the emotional level. Keep it simple and do not stroll. Made up stories hardly ever hit the chord and customers are smart enough to make out the difference. To avoid this let your real self shine through your story telling. Engaging your listeners into your story is as helpful as alluring them with your product.

Once the framing of the story is done now you need to share it to multiple media to get it heard. Ensure that your tale is available on every places your target audience is likely to visit or hang-out such as blogs, forums, messages etc. Multitude channels will gauge the interest of your audience and your story will float in the market. Try to be creative and distribute your story into multiple formats at different channels for example, you can have the same story told in the form of inspirational video on YouTube or narrated through a presentation on SlideShare etc. As it is available on many channels, be ready to answer the questions raised by the audience.

Don’t repeat the same story again and again. With time as your company grows you should keep on adding episodes to your old story as this will kill the boredom and will keep your audience simplified on the current changes that are happening in the company.

It is the perfect way to connect with your audience and build a long term relationship. Through storytelling they feel themselves more connected to your brand thus building the credibility of the business. I hope this article help you to narrate your business story in an efficient way.

How To Grew Company From $100 To $500 Million

o-ENTREPRENEUR-MONEY-facebook

Before launching the current startup, you start an organization with not much amount and grew it to over $500 million in revenue isn’t that amazing. You too want a unique reason for beginning your business. If you would like it to impact a market or maybe simply have longevity, your business at its core should wage a continuing battle to seek out the reality. And for a business, the truth means that price. As an entrepreneur, you ought to be defrayment daily going to the core of what value means that to your customers. Your job is to create a venture which will rummage around for real price and “the truth” of what your consumer very wants. So here are some tips to grow your business.

1. Separate People’s Benevolence from the Reality: When you are becoming able to launch a brand new venture, you ought to realize 5 potential customers and consult with them concerning the thought, product or service, no matter you’re near to arouse market. After explaining the thought, keep quiet and watch. Do not “sell.” If your potential customers encourage you to pursue your plan, then you would like to travel one step further: raise them, right there to acquire the merchandise. Not build associate investment, however acquire the merchandise. Tell these customers to contemplate that act a defrayal for serious price, to be delivered before long. You should start several corporations, and posing for the money right the spot may be an essential act. All of an unstable, a totally different oral communication happens. It’s a true oral communication, and one that drives progress. All of a sudden, those individuals you are talking might tell you that their business department isn’t very adding any longer vendors straight away, or that they need to envision a few of a lot of iterations initial, or that you’ll ought to show them 50 different buyers mistreatment the merchandise before they’ll attempt to something. Or even they will say they’re out of money. Whatever their reason, you will be separating their goodwill from the perceived price of not simply your thought, however their belief that you just will execute it.

2. Ready To Change Course Quickly:  An essential moment within the growth of your company came at a dinner meeting once one daring consumer told me that if our company continuing down its gift path with its current giving, we might be out of business in 3 years. That was a gut punch on behalf of me; however it absolutely was the reality, said by Hayes Drumwright CEO of PoP.  After a lot of thought and dialogue with the buyer, create the decision to make 2 new practices and invest all the profits from that year into my bet. We might continue the previous business, because it still had sensible play within the market. However we might conjointly fund a cloud and large knowledge team and begin to seem at the way to add advanced technologies for our consumers by giving the most effective next-generation merchandise setting out of geographic region. Try to manage the lose cash and invest in securing the future and making large chance. Not everybody in agreement with the set up, however within the finish it worked. The purpose is that progress doesn’t perpetually mean athletics forward as quick as you will. Generally it means that taking demanding feedback and retrenching on those things that are not any longer operating. Progress might even mean capital punishment a 180-degree flip and walking back to the beginning. If you’re walking aloof from price toward cash or short-run gain, yours are going to be a brief walk. And that I don’t mean that in an exceedingly trivial sense. Once you need to build this decision, you’ll never apprehend of course if you’re creating the proper move. Many times, you may be wrong.

3. Failure Isn’t Simply Acceptable, It’s Obligatory: Progress toward the reality needs trial and error. The classic geographic region term “fail fast” ought to be your slogan if you’re beginning an organization. Once you started the new company, you must ask 5 clients to inform you why you shouldn’t make out. You needed to fail quickly. According to CEO and founder of PoP Hayes Drumwright, three different corporations gave me $35,000 every supported the thought alone, and currently I actually have a brand new company that I really like. PoP may be a crowd-sourcing app that drives engagement and buy-in from a company’s human assets. The direct clients are Comcast, DirecTV, CoreLogic and many more. Failing isn’t simply acceptable; it’s a requirement for fulfillment. If you’re fairly intelligent, and you rent a sensible team, most of their work can involve testing price and creating tiny corrections. Failure is associate integral a part of creating progress toward real price that is in a different way of claiming you’re creating progress toward the reality.

Following these points may actually help you to grow your company from $100 to $500 million.

How Meracareerguide.com Acquired Funding

meracarrer-screenshot1

The education sector has been a promising one in India since the last 2o years and is expected to rise further with advancement in technology. With the increase in students the demand for quality education has also risen. What is also required is better counselling facilities for students. The founders of meracareerguide.com Love Chopra and Surabhi Dewra created this Startup to help the Indian students find better answers to their career related queries. The Noida based portal provides counselling though IVR telephone and emails. The USP of the portal is their nominal pricing of Rs. 400-500.

The Team: The portal consists of a network of career counselors that provide opinions to students regarding their career choices.  This portal connects the career counselors to the students and also provides psychometric analysis that helps the students in making informed decisions.  

The Market: The educational counselling market is been expanding and has good future prospects.  The educational Startup ventures have been trending recently and the infusion of investments and technology in the sector is slowly helping in the emergence of a whole new sector – Education and Communication.

The Product: Meracareerguide offers career related counselling by addressing the fundamental issues that other similar ventures do not address. The students are made aware of the new possibilities in the industries and the new trades that may meet their interests. The portal also offers career tests that judge the candidates’ personal skills and interests. The portal attracted close to 50000 customers in the first few months of their launching the venture.

Value Proposition: The most unique part of the venture’s services is the psychometric tests that are employed to determine the personal skills and capabilities of the students. Career related advice by the expert counsellors enhances the commitment of the company to provide a brilliant career to its users.  This idea has made the portal popular with the students and has increased the value of the company. This inspired the founders to seek funding for expanding the venture.

Funding: This Education and communication sector has grown in widespread terms and has recently attracted a lot of investment. For meracareerguide.com, the turning point came with the investments from UTV Group, Rajesh Tekriwal and Vishal Gondal, the founder of Indiagames. With the growing interest of investors in the venture and growing funding, the venture is now getting better means to grow.

Challenges for the venture: The venture is trying to create a complete new category for itself that may help it create a brand value for itself. But this also adds to their challenges like dearth of connectivity and building a positive attitude towards the company’s methodology.

The primary competition for the venture would be the individual career counsellors who have better recognition and trust in the market. What Meracareerguide aims to achieve is a systematized network of career counsellors who provide tailor made guidance and mentorship services. This could become the unique selling proposition for the venture in the future.

Although the educational sector has seen a lot of creative business ideas yet each of this Startup has its own specific offering. Recent developments in the industry have greatly increased the prospects of ventures in the industry.

How Entrepreneurs Maintain The Balance Between Travelling & Working

1406829247-sharing-economy-sets-sights-business-travelers-but-will-they-bite

Nowadays, the entrepreneurs are facing the most difficult demand to maintain a balance between workload and busy travel schedule. Sometimes entrepreneurs have to travel once in a week.  They have a demanding travel schedule and they know there aren’t enough hours in the day. Entrepreneurs have to be productive even when they are travelling. Here are some tips to be more efficient while travelling.

1. Entrepreneurs have to plan their weeks in advance to save them from deadlines, stress and untold problems. If you are travelling for the entire week it is better to plan the week in advance on the Sunday. There should be an hour by hour schedule for you and for your teammates outlining the top priorities that need to be accomplished in the entire week.  It is better if you put it all on paper barring the unforeseen circumstances. With the help of prior planning you can avoid the distractions that give you the mental calmness that the situation is under control. Make sure that you stick to the most important priorities task list all week.

2. As all the planning for the entire week is done in advance on paper. Delegate all of that you need your team to get done before the week starts. By doing this you are actually saving yourself with a whole lot of time and energy for the entire week. Sending beforehand instructions will be easier for your team to plan and organize the whole week. As the delegation of responsibilities is done now comes to measure the guidance and instructions. It is preferred that the instructions you give are clear to them and they don’t come back to you for clarifications.

3.      While travelling the most valuable time for an entrepreneur is early mornings. This could be as early as 4.30am. The most productive and impactful hours are before 9 am for entrepreneur after that the phone starts ringing and the staff needs attention. Utilization of that time can actually make the rest of your day a lot less stressful. Set expectations with your clients and co-workers that you are available for a limited time while travelling is priority.

4. Make the to-do list for the task that needs to be done as soon as it arises, because while travelling you will not be able to complete every single task on time. The list will help you to go back to them later and complete them whenever you have time. Using a to-do system can actually help you to focus on the current work. For example if you are in a middle of a conference when the new task arises, add it to your list and go back to your present doing. Now during early mornings or when you are at hotel/home or late evenings try to complete the task.  This will not divide your attention.

5. Utilize the time when you are at airplane. The longer the duration the better for you as your phone will not be ringing and you have nothing but the time for you to work on the task that you have been putting on hold for days because of the busy schedule. As you are not disturbed by any social media or text, this is the time to tackle tasks that require extensive planning, reading and writing. Some of your classic creation can happen while on airplane. Don’t waste that time listening music, reading magazine and watching movies.  

Business travel is chaotic but requires discipline, calmness and patience. Stay focused on your top priorities and set boundaries as most of the seasoned entrepreneurs also face trouble hopping from city to city but doesn’t worry about what you missed instead take benefit of the time to get ahead.

Flippaisa.com – Journey to transformation

11427666_1650451891845289_4115822991135168949_n

While E-commerce is the biggest part of shopping market in India, affiliate or performance marketing is also on the rise. If we see the increment in numbers of E-commerce users in last few year, that is tremendous and it is increasing like a rocket in the sky with a great momentum. The market size of this business could be compared with an ocean because of the day by day increment.

The Indian affiliate marketing space is growing exponentially as it provides an opportunity to users to save their Hard-earned money without any bargain or anything. FlipPaisa comes under the Top-5 Indian Affiliate marketing startups. FlipPaisa had driven sales of more than Rs. 1 Crore for its partner retailers in the past four months.

Hariom Meena, founder of FlipPaisa.com, managed to generate total revenue of Rs. 25K in 2010 with the idea of affiliate/referral marketing at the age of 16, but he can’t continue it at that time due to studies.

When it comes to shopping, most Indians love to strike a hard bargain and prefer to shop where they can negotiate a good discount on a product or service. But that is not possible in E-commerce.

To solve the above problem, in 3rd year of his graduation he came up with the modified version of that idea, FlipPaisa, with the motive of Dil Maange More!!!

FlipPaisa is a start-up that provides an opportunity to save money in the form of cashback on online transactions made at their partner stores, like Amazon, Flipkart, Paytm, Jabong and 250+ others. FlipPaisa also provides various types of coupons to allow users to get instant discounts.

In a mutual beneficial way, their partner stores gain higher traffic & they return some commission back to FlipPaisa. They share this commission with their users in the form of Cashback. FlipPaisa was founded in Oct’2014. It has completed about a successful year.

‘We are total five students from IIT Jodhpur, in the team FlipPaisa. We all have bootstrapped this company had not took any investment so far. We had successfully managed to make 10 million Rupees transaction via us in past four months, clocking 250+ transactions daily.”, says Hariom.

The way FlipPaisa has grown in past few month there is no doubt it will soon grow much more bigger than this. They are expecting 10 Million customers by the end of next year.

Get Rid Of These Fears To Be An Entrepreneur

20141030213859-shutterstock-209266726

Many young creative minds fail to pursue their dream of being an entrepreneur because they are not able to overcome some fears that discourage them. No matter how big your idea is, it’s of no use if you fail to execute it because of these fears.

Fear #1- Decision Uncertainty: Having your own start-up is a big decision for sure but once you have made your mind and as far as your business plan is viable, nothing should affect your decision. Many people with great ideas end up disposing it because of this fear, as they already have a job and leaving your permanent job for a start-up is risky with respect to having a secure future. Go for in-depth market research and work up on knowing the feasibility of your idea. If things are in your favour then go ahead with full confidence.

Fear #2- Risk of Failure: It is not just about the start-up, every business, even the established ones are exposed to so many risks but they never give up on moving ahead with their plans and this is the reason why they are successful today. Embrace risks as they may bring you fruitful rewards.

Fear #3- What Will Others Say? : Success brings you friends and failure brings you foes! People often take pleasure talking about your failures but that should not be a concern for you. These criticisms would not bother you as far as you are determined for making it big.

Fear #4- Being Bankrupt: Your saving is your only capital to invest in the new start-up and if your business fails you will be left with nothing in hand. This insecurity is quite understandable and genuine and calls for a great deal of courage to put all your life’s savings in an uncertain business. In such case you should work on the sales forecasts and progress reports which will guide your business to be on the right track.

Fear #5- Lack of Required Expertise: We are often scared about going about a new task or thing in life and starting your own business can obviously make anybody nervous. The fear of lacking the much needed experience and expertise can bother you lifelong until and unless you make up your mind and jump into it. At this time, think about those entrepreneurs who did not even finish their graduation and are doing a great job today.

Fear #6- Losing Social Circle: Start-ups call for full devotion and commitment into the business. You may not even get time to meet your friends or spend some quality time with family. Try delegating some work to other competent people involved in the business which will save your time.

Be strong and determined to overcome these fears. Your hard work will surely pay you in future but till then you need to be patient and motivated.

Flipkart.com: An E Commerce Startup That went Huge

Flipart

The founders of an Indian e-commerce website that made its name worldwide, Sachin & Binny Bansal have created a great success story for themselves. The two formerly worked at Amazon India where they conceived the idea of Flipkart, an Indian e-commerce giant. They started pretty young and with their excellent leadership, have created a great team for their business.

The Founder: Sachin Bansal is now popular as a brilliant and successful internet entrepreneur. But it was his vision that brought him here. He had dreamed to create a highly successful and great quality e-commerce company in India and this idea inspired him to turn an entrepreneur.

Sachin had been pretty clear about his Startup and how he would shape it. He had decided to build a company that would make good money by providing great services and value to the customers. He was also clear that he would scale up his venture only if he finds sufficient customers.

The Idea: Sachin, an IIT Delhi alumnus previously worked with Amazon and there he was able to understand a great deal about the working of e-commerce websites. The previous work experience provided the technical and management skills to him and Binny that came handy while starting Flipkart. Together they started with the investment that they chipped in for the venture and with Bangalore as their base.

The Team: Sachin met his friend Binny while working with Amazon and took him aboard for launching his startup. They later quit Amazon together and started working on their dream venture. The vision of creating a technology for India instead of working for American companies is what shaped Flipkart and started a new era of e-commerce in India.

The Product: Flipkart was launched in 2007 when the e-commerce industry was not very developed in India. The industry was pretty immature and there was rarely a customer base as the customers did not know how to do comparative shopping. Hence Sachin and Binny started by working within a small facility with a small investment and they decided to initially sell books online. Thus Flipkart was started with a website that both the founders designed and with a single product category of books.  

The Growth: The books were selling pretty well on Flipkart and their customer base started increasing. Thus within months of starting, they decided to expand their team and hired 2 more people. With an increase in suppliers and steady growth in business, the venture acquired more suppliers and added more products from Indian as well as international sellers.  As the product range increased for Flipkart, their markets started growing.

Flipkart has turned into a multinational due to its steady growth and international manufacturers are tying up with this e commerce giant for launching their products in India.  

The company recently attracted more investors and the fundraising activities of Flipkart have greatly increased the company’s valuation. Flipkart is one of the few startups that have earned quick money and made a mark in such a short span of 7 years.

Cities In The World For Startups

Singapore-city-branch-image1

There are plenty of stories we have heard about the cities in world that have made successful entrepreneurs. Many metropolitan areas are becoming the breeding grounds for startups. Why some places are good for business, may be because of economic environment, employment growth, educational attainment, easy availability of employees, housing facility and many more.   Here are examples of 15 places in the world to launch a successful business.

Bangalore, India: There are many reasons for startups to locate in this region such as the workforce is very talented and educated, government is very helpful. There are many tech companies established here and doing well.
Berlin, Germany: It is a budding European entrepreneurial hub, measured as the earlier version of New York City. Here the kind of entrepreneurs are different in every perspective, fewer PhD’s, less educated, target market is small etc. But they are very motivated and consider work ethics as the intangible qualities in them.

Boston, Massachusetts: This place is ranked first for the plentiful startup money. Entrepreneurs here are more educated than any other places. There are more chances to have a PhD entrepreneur and are keen to develop the new product than to build the company.

Chicago, IIIinois: It is an emerging entrepreneurial hub in the Midwest. Windy city is best known because of Groupon. The average age of entrepreneurs in Chicago is 37 years which is quiet old as compare to other regions. Entrepreneurs here once lived or worked in New York City or Silicon Valley.

London, UK: London based entrepreneurs rely on like-minded colleagues in their area and are the best business location for Europe. It is the likely destination to set up shop abroad for U.S.

Los Angeles, California: This place is known because of the entertainment industry and the shadow of Hollywood has made it very large in size. Los Angeles total contribution of startup founders is 29% and ranked far above the ground in terms of the entrepreneurial talent.

New York City: Hotbed on the East Coast has launched impressive entrepreneurs and has nationally recognized enterprise. New York City is fruitful for entrepreneurs who are looking for ecommerce. Place is known for women entrepreneurs as one fifth of the startups are established by women tech entrepreneurs here. Example of entrepreneurs who are shaking the New York City are  Brooke Hammerling, Founder, Brew Media Relations, Scott Gerber, Founder, Young Entrepreneur Council and many other.

Paris, France: Unlike the Silicon Valley, Paris is not able to attract the budding entrepreneurs because of the funding issues in the later stages of the development. Here the data of women entrepreneurs is very not as much as compare to NYC.

Seattle, Washington: Seattle is near to Silicon Valley that makes it a great place to network and establish roots. Microsoft was known for Seattle’s gemstone until Steve Jobs return to Apple in 1997. There are many commonalities between Silicon Valley and Seattle. Research says that 41% of Seattle entrepreneurs once worked in Silicon Valley and that is another reason of overlapping.

Silicon Valley, California: Silicon Valley is known for the network and funding potential all over the world. It is a silver spoon ecosystem for the business. It can be called as the ideal environment to start the business and become the successful entrepreneur. If we go through the example, Jack Dorsey (Twitter and Square, Mark), Steve Jobs (Apple), Zuckerberg (Facebook) all started their business from Silicon Valley.

Singapore: This is the best location for startups as there is a benefit of nearby markets in India and China which encourages the entrepreneurs to grow worldwide. There is no issue of capital funding in Singapore as it has a strong network to Silicon Valley. But there are areas of improvement in Singapore, here the workforce lacks in work ethics. The best part is here the entrepreneurs work for an average of 11 hours per day longer than any other entrepreneurs in the list.

Sydney, Australia: Entrepreneurs can do well in Sydney but in later stages they might face problem of influencing markets outside Australia. This is the reason startups here go for niche market because they have fewer employees and issue of capital raising.

Tel Aviv, Israel: Tel Aviv is known for the tech startups in the world. It boasts a high density of startups because of the advertising business that generates higher revenue as compare to Silicon Valley. It is also dominated by the tech driven markets as compare to big winner markets.

Toronto, Canada: When it comes to competition Toronto has 84% fewer entrepreneurs as compare to New York City, Boston and Silicon Valley.  It is the best location in Canada but it suffers from insufficient funding from investors and has to rely more on self-funding from family and friends. Entrepreneurs from Toronto are not trusted as they may head to other regions because of better financial funding.

Vancouver, Canada: Vancouver ranked best in talent and bottom half for entrepreneurial chops. Similar to Toronto it also suffers from a lack of financial funding from the potential investors. But exception are always there, Flickr, is the most successful business in the field of photo uploading from the area.

These were the best cities in the World for the entrepreneurs to start their business, due to many different reasons like government initiatives, location that attract more and more entrepreneurs, funding, educated workforce etc. which we have seen in the above list.

Cities In India That Have Made Successful Entrepreneurs

12755601501151900

India has given big ideas and successful entrepreneurs from manufacturer to exporter where their hunger for success, determination, consistency and vision make it happen for them. Do not take too lightly the challenges faced by them of doing any business in India like bribery, not serious attitude, red-tapism, slow process, leg pulling, unreliable government decisions and many other.  But they learned from the challenges and find the balance as every place has its own ups and downs. Here are some success stories of entrepreneurs from small cities in India.

1. Vinod Khutal is a computer science graduate; he grew up in Indore, and later was a game designer in Gameloft. In 2009 he founded Twist Mobile and develops several apps for Android and iPhone. Now, his company is first Asian Company with more than 10 million downloads.

2. Rohit Bhatt is from Karnataka, grew up in Udipi, and graduated in Computer Science. Initially he was with Japanese company making Mac Products. Working with Japanese Company he got inspired and started his own company Robosoft, which develop utility apps like Camera Plus and games such as Wordsworth.

3. Dilafrose Qazi grew up in Kashmir. While studying in Government College she worked on her business skills and eventually set up an engineering college, where she started with some part time courses for women. Despite of all the difficulties she also started a sister college in Haryana so that the next generation could have better source of livelihood.

4. C.V. Jacob is from Kolencherry a small town in Kerala, his father use to work in Construction Company. Jacob started his career from resin industry. While working there he had a trip to Japan where it exposed him to spice extracts and oleoresins. After returning he took training in Mysore from Central Food Technology Research Institute and started his own firm Synthite, now the world’s biggest company in Oleoresins.

5. Vibek Deshpande and Kirit Joshi both was students in an engineering college in Nagpur and there they started their journey by selling study notes for engineering students as VK publications. Afterward they put up a workshop for office furnishings where Canadian and German companies guided them to start Spacewood. It’s a development for modular kitchen.

6. Sandeep Kapoor is from Jodhpur where he worked in his family business of Photo Studio. Later, he worked in ITC and got exposure from China and Russia perfume business. He perceived the scope in India so he returned and started his own Perfume Station in Tier 2 and Tier 3 cities.

7. Muruganantham from Coimbatore, he started his journey of career with lots of practical wisdom and developed a mechanism to make napkins at minimal cost, for this he also faced criticism from his family. His piece of equipment was taken by an entrepreneur to make and sell napkins all over the world.

8. Chandrasekhar Sankurathri grew up in Andhra Pradesh and turned out to be a famous researcher in Canada. He lost his parents at young age and his child and wife in an aircraft crash. After this incident he came back to Kakinada and put up the Srikiran Institute of Ophthalmology and converted his agony and loss of losing his whole family into a flourishing societal enterprise. 

9. Bahadur Ali born and brought up in Rajnandgaon in Chhattisgarh. At an early age he got himself into the business of poultry, because his father died and nobody was there to look after the business. This business led him to produce soya bean processing, a larger source for protein. His company The Broiler Group is a famous enterprise with annual turnover of Rs.2, 200 crores.

10. Parakramsinh Jadeja born and brought up in Rajkot, Gujarat. He was doing extremely well in chess and cricket. But his interest was in lathe technology so he got into CNC machines and with Siemens partnership he exposed to various machine tools fairs and came out with Jyoti CNC, one of the largest producers of machine gears in India. 

These entrepreneurs create their own destiny as creation gives the best accomplishment and satisfaction. Do not go after the easy money and comforts but try to understand the values of money and earn it by overcoming the challenges.

10 Things Entrepreneurs Are Serious About

steve_jobs

Aspiring entrepreneurs are hopping up everywhere but the problem is that they are just starting out and are about to devastate a lot of time going off beam. Here are some advices to entrepreneurs to share some things every serious entrepreneur does.

1. You don’t always need to be the first in the market. If we look at companies like Facebook and Google they entered very late in the game but now they are the best in their field. Lot of entrepreneurs thinks entering first in the market makes you the best. But it is not true. Facebook is not the first in the market, before that was Friendster then there was MySpace and finally Facebook. Facebook is the leading social media platform and used by millions of people. The point is why MySpace was knocked out of the ring because if you are first in the market you should always improve your design, service, offerings and product in order to obsolete.  Mark Zuckerberg took the advantage and found countless flaws in the design of MySpace and come up with new and friendlier social media platform.

2. There are only four ways to make wealth: investors, business owners, employed and self-employed. Don’t put yourself in the bracket of self-employed for too long. When you are self-employed you generate active income whereas you need to create a stream of residual income or passive income. This can only be done when you focus on the next level and that is investor or business owner as quickly as possible.

3. Entrepreneurship does not work on shortcuts. Success in life is attained through persistently pursuing the dreams or goals, no matter the price.  If you are constantly focused on shortcuts then the success will be temporary. Everytime in the playing field you will be caught looking for the shortcuts hoping that this is the best but in most cases it won’t be. Instead of looking for hacks work on personal growth to become a better version of yourself so that whatever the game plan is you have enough familiarity to face every confront that comes your way.

4. Successful entrepreneur is able to handle the pressure and use it to fuel your energy and inspiration to win the game. If you are not efficient enough to cope with the pressure inspite of amazing ideas, plethora of skills and finances then the entrepreneur arena is not fun for you. Serious entrepreneurs love the unbeatable challenges, be keen to solve the problems because they know it will make them stronger, better and bigger in long term.

5. The difference between an entrepreneur that achieves $200 million in a sale of a product and another entrepreneur that achieves $20million in a sale of the product is usually determined how effective the marketing skill of the entrepreneur is when it comes to share the message to the public. A sale is nothing but the power to tell story. Most of the people purchase your product based on the emotions and how the message made them feel.

6. To hit high you have to aim high. Keep on growing each and every day to prove that you are worthy of that goal. You need to set 10X goals, as it is proven that setting 10X goals can actually help in achieving big success. To become a truly successful entrepreneur write down your 10X goals everyday or whenever you are disappointed by the work.

7. Time is a finite resource and there is no point in trying to beat the clock. The most important thing is how we spend our days and save the energy in order to perform well. Health is equally important for them as wealth, so they give importance to exercise as the key factor for long lasting energy.

8. You cannot do everything alone. Tai Lopez says it is better to have a partner that compliments your weakness so that you can focus on your strengths if you want to go for big time. Looking at successful people Warren Buffett has Charlie Monger, Gates had Paul Allen and Steve Jobs had Steve Wosniak. With the help of the partner you can take your business to next level.

9. It is nice to be inspired but if you get so involved in it and forget that you actually have to work then my dear your time to shine in the marketplace is slipping away. Do not spend much time focusing on how cool is the idea, furniture is classy, logo looks great etc. It is the only option and your life depends on it. There should be some sense of desperation and urgency in your approach.

10. Last but not the least instead of going for business plan go for business map where you work on the mission statement, foresee what you gonna do over next 12 months, study the market and budget to execute it. Sum up in 2 to 3 pages at the most. Business plans of 40 pages are outdated and changing constantly so adapt to the continuous shifts.

Focus on getting your business off the ground with long time passion and self development and believe me you will conquer success no matter what are the circumstances.