Top 5 tips on how to become a successful entrepreneur

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Having a great idea for a new business is just the first step to becoming an entrepreneur. But being a successful entrepreneur takes a lot of dedication and determination. Below are the 5 top tips on how you can become one;

Passion

We’ve all heard the phrase ‘Do what you love and you’ll never have to work a day in your life.’ This isn’t necessarily true. Being an entrepreneur is not a 9-5 job. The most successful men and women in the world work around the clock, sometimes living on 3-4 hours sleep a day. You need to live and breathe your business if you have any chance of reaching your goals.

Be healthy

It might sound cliché but yes, being healthy counts for a lot if you truly believe in your business idea. Successful men and women can set their alarms for as early as 4am and swear by it. Get up early, go for a run, eat a healthy breakfast and get to work. By 9am you will have caught up with emails, set a list of tasks for the day and all before your neighbour has even brushed her teeth!

Watch your wallet

Nobody is going to give you money to begin with. It’s easy to make a little bit of cash and then go crazy with it. Investing back into your business is a no-brainer. ‘Speculate to accumulate’ as the saying goes. Be sensible and think about the funding your business will need in order to fund a lavish lifestyle.

Focus

Do one thing at a time. If you’re going to do a job, do it right. Rushing a business plan is just setting yourself up for failure and your goal shouldn’t always be to make money. Focus on your mission by setting new targets on a weekly/monthly basis. Maybe you’re looking to increase traffic to your website or upsell your product through social media. Focus on growing your idea and you will eventually see the benefits of doing this.

Go with your gut

Trust your instincts. If something doesn’t feel right then don’t do it. This is your business idea and you are the boss. There are so many horror stories about entrepreneurs investing their time and money into ideas that they don’t feel comfortable with and before they know it, are back at square one and penniless. Your intuition is your most valuable asset so use it wisely.

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