10.25.2014

Five Keys to Entrepreneurial Success

Forming your first startup is not a task for the faint at heart. You think you have every piece of information and every problem solved, but once you decide to make the jump into entrepreneurship and things go awry, your true drive and ambition will either shine or fade into the background. The decision to step into entrepreneurship should be well calculated. According to The U.S. Small Business Administration, approximately 543,000 new businesses
get started each month, with a third of those failing in the first two years and 60% finding they're doomed by their fourth year in business.
Being an entrepreneur has high risks and high rewards. Stepping out into the world of entrepreneurship is something that can be extremely daunting and risky, so understanding how to be successful is imperative. Whether you're a founder or co-founder, these five keys to entrepreneurial success will help you launch and grow your new venture.
Mistakes happen, embrace them.
Almost every entrepreneur has had their fair share of mistakes when it comes to being at the helm of a company. Whether they drop clients because they're frustrating, only to later regret it, or try to perfect the process early on within their own organization when they should be focusing on the bigger picture, it's nearly impossible to get it right every single time. What's important is that you're able to learn from mistakes and use them to your advantage when you can. When you embrace missteps, you put yourself in the position to be able to grow and move forward.
Work with those who will challenge you.
This is one of the most important mantras an entrepreneur should have, not only in business but also in their personal lives. When you first start your own company, it's important to surround yourself with people who really push and drive you to step up your game. If you work with those who don't, it'll eventually rub off on you. Working with people who are equally as passionate and driven as you will do nothing but set you up for success.>>>

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