Whats Does A Successful Entrepreneur Focus On ?

bynthapar

345 followers

5 years ago

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 .

1. Understand the potential and market size for your business ? How scalable is your business ?
2. 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 .
3. 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 .
4. Focus on Mastery , whatever is your domain , become an expert .. become so strong that business runs behind you .
5. Focus on creating massive value , keep building on this as this will give you massive competitive edge in market place .
6. Choose your business partner , who is better then you in every possible way . As your partner will help you grow in life .
7. Be super aggressive with marketing , learn the skill to build profitable marketing strategies , as marketing will be the backbone of your enterprise .
8. Every successful entrepreneur is a top class marketer and networker .
9. 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 .
10. 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 !

Cheers