Whats Does A Successful Entrepreneur Focus On ?
Sharing some insights which cld be helpful !
Being an entrepreneur is a great responsibility , you are about to create something which dosent exsists or if it exsists , you plan to redefine its existence and make it amazing .
I have been an entrepreneur for past 20 years , trust me I have seen all the ups and downs of this high octane journey , where at one moment you are at top of the world and at another moment you are struggling to survive .
During these 20 years of journey , while I was working on my startup grounds up , faced lot of uphill challenges and my mindset kept evolving to overcome those challenges .
Sharing certain steps , where I failed miserably and had to struggle .
- Understand the potential and market size for your business ? How scalable is your business ?
- Select Exponential Model , where you can go pan country & pan world , don’t select a business model which restricts you in your area of operation , as then you will be serving very limited potential customers .
- Be extremely frugal in your spending for First 5 Years , reinvest all your profits back in the business to build muscle . Do not spend on lifestyle and gadgets .
- Focus on Mastery , whatever is your domain , become an expert .. become so strong that business runs behind you .
- Focus on creating massive value , keep building on this as this will give you massive competitive edge in market place .
- Choose your business partner , who is better then you in every possible way . As your partner will help you grow in life .
- Be super aggressive with marketing , learn the skill to build profitable marketing strategies , as marketing will be the backbone of your enterprise .
- Every successful entrepreneur is a top class marketer and networker .
- Build systems in your business , which can run your business on autopilot . Stop trading time for making money as you will remain broke and never create real wealth .
- Focus on building atleast 4 to 5 income streams , all shld be connected to your area of expertise .Friends , whenever I have undermined any of the above mentioned activities I have paid a hefty price and have attracted lot of struggle .
Hope you wont make the same mistakes I made and touch the glory sooner then you expect !
Wishing you abundance in every area of your life !