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My Top Tips for Entrepreneurs - Tips from Inder Phull
by Startacus Admin
Last week Startacus Self Starter of the Week and Startacus member Inder Phull told us all his self starter story to date. This week Inder returns with four of the top tips he has learned to date and wants to share with fellow entrepreneurs...
1) Understand your skills and weaknesses, this is most important when developing a team. You need people who complement your weaknesses and bring a different perspective into problems you are faced with.
2) Be the industry, it is easy to start a business. It is hard to do well in that business, make sure you understand your industry and do whatever it takes to become an expert. Your knowledge is going to be the difference between success and failure in most cases, so make sure you know everything there is to know about your business model and that of your competitors. If possible, get experience working with a startup in the industry you are most interested in, you never know where the contacts and experience will take you. It is all a journey remember? Use platforms like LinkedIn to find mentors and potential clients and network like crazy!!!
4) Have fun with it, if you are just starting out, you are going to be working much later than you thought if you want it to work. Have fun with your business and experiment with different ideas and strategies. It is easy to get caught up in a corporate mindset but it is the rebellious, disruptive side of our generation that will develop the most innovative businesses. Don't forget why you started the business and if you don't remember take a few steps back and figure out your long-term goals, it will make more sense when you understand your own mindset.
If you like what you see here on Startacus, why not become a member of our growing community? It's free! And you'll get all this - exclusive access to our Business Toolkit, discounts and offers galore for your business via our member only business deals, the chance to network and connect with loads of fellow self-starters, and maybe even become our celebrated 'Self-Starter of the Week' and tell the world your startup tale! Join right here for free