8 Solid Entrepreneurship Tips
A couple of days ago Neil Patel posted a very interesting post on his QuickSprout blog, titled 8 Core Beliefs of Extraordinary Entrepreneurs. As usual Neil hits the nail on the head. For instance, here’s the first point, which I think applies to the majority of people, myself included:
Belief #1: Make a decision and go!
This was one of the first lessons I learned when starting my first business and it was extremely hard to get used to making a decision and then taking action on that decision.
I was so afraid I was making a mistake. Since then I’ve learned that making a mistake is not a bad thing. You actually learn from those mistakes, which helps you make better decisions down the road.
You will struggle with hiring and firing people, project budgets, office space and advertising creative. When you first start off in business you will take days and even weeks to answer these questions.
This core belief actually came back to me when I lost a million dollar client. They were happy with the service I was providing, but they wanted to know what else I was going to do to take their business to the next level. I had a few ideas, but I didn’t make a decision on which idea I was going to act on. Long story short, I took too long to make a decision and I lost a $1.2 million client.
The other points are just as interesting/practical, so make sure to set 5 minutes aside and read the full article.
Browse all articles on the Strategy category
4 Responses to “8 Solid Entrepreneurship Tips”
-
John
Thanks for this Daniel,
#1 reminds me of the sign on the door of the owner of a company that I did some consulting at. It says “Answers in 1 minute or your next one is free”.
-
George from seekdefo
Many years back when I was in class 9 I read think and grow rich by Napoleon Hill. There was a particular section about Ford. How Ford if he made any decision stood by it no matter what. Whether it be wrong or right if he made a decision the decision was made, his model t cars were a bad decision but then ford had ordered them to be sold and even they were popular ford had sold enough before stopping the production. Ford’s second quality was making the decisions fast. Entrepreneurship is one part brave and three parts fool. Instead of taking the tried and tested path which so many others including our parents and relatives have treaded entrepreneurs choose a different path and for a long while we are called fools but then the desire to succeed, the lessons which failures teach us and faith carry us through. It was a meaningful post thanks
-
Ehsan Ullah
Neil always captures the heart and mind of readers on his articles. I agree with him, making mistakes isn’t bad because mistakes makes us faster and smarter, but the thing is that you must try to learn from your mistakes instead of making the same mistake all the time.
-
Richard Ng
Hi Daniel,
Thanks for sharing Patel’s article. Agreed with you that he hit the bull’s eye, again and again in his valuable article.
Sorry to hear about your lost of big client but I am sure it’s a lesson well learned and you’ve moved on to earn many more millions next.
Cheers!
Comments are closed.