Become a World Class Entrepreneur By Doing This

Has anybody ever told you life is not a bed of roses, has anyone told you life is full of risk and has someone be him a foe or a friend ever told you to take a risk? If yes, then such is a typical entrepreneur.

   Just dreaming to be something is not enough to achieve your goal but it requires action which comes with the risk of gaining, loosing or making a break-even. Haven recognize this, then you are ready to set for the journey of being an entrepreneur. Here are tips to becoming and entrepreneur:

1. EXAMINE YOUR PERSONALITY/PERSON

    The first step you take to becoming a world class entrepreneur required examining your kind of person, which has do to with your priorities whether you can accept uncertainty and failure. Most entrepreneurs you know like Bill Gate, Donald Trump, Steve Jobs, Richard Branson have failed at one point in time but they kept going.

   Apart from being able to accept uncertainty you must be able to offer solution to peoples problem, and then you must be determined to succeed which helps you never to give up even at trying times.

2. SET YOUR FOUNDATION

   Entrepreneurship is like a building that requires a foundation. This foundation is what will determine the survival of the business in the long-run. It requires a strategic plan, which entails the premise behind the existence of your business. It is here you brainstorm ideas and set a strategy into making the ideas become reality. This foundation entails making a research on your market and meeting the potential customers in order to ascertain where their needs are unmet with the goal of satisfying those needs.

3. PREPARE YOUR BUSINESS PLAN

  As an entrepreneur you need to create a business plan that shows what basically your company or firm is all about, including it prospective aspirations. A business plan typically describes what your company does (whom does it serve? what does it provide?), provides a market analysis, includes a detailed description of the product or service, and projects the expected financial future of your company for the next 3-5 years. It is important to note that how good your business plan is, will go a long way in helping you raise capital from family, friends, banks and other investors or financial institutes.

 To prepare a good business plan, you will require the help of a professional, however you can come back to this blog (Bestarz Blog) tomorrow to see how you can write an excellent business plan.

4. PREPARE A BUSINESS ELEVATOR PITCH

  This is simply a step by step procedure that entails introducing your business to individuals or firms who might be interested in investing. Before this, you need to prepare a very short and concise Power Point presentation that tells your prospective investors and customers what problem you are solving and how you are going to solve it.

 

5. CREATE A NETWORK, ADVERTISE AND SELL..

  With your presentation ready, it is time to create a network where you meet individual investors and customers, introduce your business and create a network be it offline and online. Tell them why your product is unique and how it is going to meet their wants. If you do this accurately, then you will be able to start earning or making huge sale with a little effort.

  Well don't forget your advert must be catchy and informing.

A word to remember

"It is not your fault that you are born poor but it is your fault if you die poor" Bill Gate.

Take the risk that yields to success. Have a beautiful day

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