Looking for the secret of business success can be a frustrating exercise. You may feel as though you encounter contradicting advice, even from successful entrepreneurs themselves. The truth is that everyone has to find their own way and what works for one person may not work for you, but there are also some tried and true tips that can position you better for success.
Maybe not every startup guru and business success you can name got a college degree but beginning your journey by planning to not seek an education would be a mistake. Without a bachelor’s degree, you’re making a tough road harder than it needs to be. Going to college will give you an excellent grounding in business principles, help you start making connections and offer you the opportunity to start developing leadership skills. To pay for college, you can go online to search and apply for scholarships for college students. Don’t neglect the smaller and more obscure ones, which may have fewer applicants. You may be able to use these scholarships to cover a significant amount of your costs.
Don’t Fear Failure
Every successful person in the world in every field got there by building on failure. A lack of failures in your past means a lot of opportunities you didn’t try for. You shouldn’t take foolish risks or put all of your money toward a proposition that is unlikely to succeed, but you should reframe how you think of failure. Learn from your mistakes and keep moving forward.
There are certain tangible tools entrepreneurs need for success and it’s important to stay interested in both your industry and the world at large. The latter influences the former, plus the ability to talk to many different types of people about many different things will help you make important connections. Curiosity also drives innovation, and asking questions will help you keep improving. It also keeps you humble about the things that you don’t know. Being willing to learn from others and accept criticism will help you hone your existing skills and develop new ones.
Say No Sometimes
The successful entrepreneur is not a yes-person, at least not all the time. Being able to assess what commitments are a drag on your time and other resources and learning how to say no and turn down propositions that won’t benefit you is important. Saying no also means knowing when to pull back and avoid trying to put too many products on the market at once or expand too quickly.
Look for Balance
This is one of those pieces of advice that often comes wrapped in contradictions, but the image of the hard-driving entrepreneur really is a thing of the past. It certainly is true that you will need to work hard and be persistent, but you can’t function if you spend every minute of every day thinking about work. What balance looks like will vary from person to person. You may decide to devote part of your time to your family or mountain biking or painting watercolors. Having down time that is truly time off will save you from burnout and make you more creative and dynamic when you give your full attention to work.