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plan ahead first. Do not just leap into business hoping for the best. Have plan A, B, C and D
If it is to be, it is up to me.
Read as many books as possible on successful and failed ventures and related material! so much to learn and helps keep up the motivation.
This is a brief list of my favorites so far: (please share yours!)
The intelligent entrepreneur
The Lean Startup
Grit the passion for success
There are some points to consider first time entrepreneurs.
1 - Start a Business you are passionate and knowledgeable about.
2 - Pick a business idea that has a big market opportunity.
3 - Raise much startup funding.
4 - Constantly monitor your finances.
5 - Research competition.
6 - Ask advice from other entrepreneurs.
7 - Hire the right peoples.
8 - Never stop networking.
9 - Provide best customer service.
10 - Hire an experienced startup attorney.
11 - Get comfortable with public speaking.
12 - Focus on building a great products or services.
Lots of people have mentioned having passion. Passion is for hobbies, sports watching, and family it does not put a penny in your pocket. Passion leads to tunnel vision. The goal is to make a living and usually a great living. If thing seem even a little off. Slow up or even stop. Find out why. You should be your own hardest critic. Do not go the other way and be a perfectionist to the point of excess, spend money without a gain for you or your customers. There is a balance.