Entrepreneur Spirit: What It Takes for a Small Startup to Succeed

Image: Philippe Lewicki / Flickr

The entrepreneurial spirit is in every person who has ever dreamed there must be more to life than the usual 9 to 5. Unfortunately, not everyone has what it takes to succeed. When you’re ready to finally break free of the stifling yoke you’ve been put under, here’s what you need to know to make a successful entrepreneurship work.

Discipline 

Out on your own, there are no bosses giving you projects, no corporate heads giving directions. It’s just you and anyone you’ve hired on. You need to work harder than you ever have. Give yourself limitations so the start-up can thrive, and you can stay organized. Without discipline, there’s no success even when your idea is groundbreaking.

Networking 

No one will know your startup exists if they don’t hear about it. This is where networking comes in. It gets your name out in the market, and while you still might only get a few customers to start out, these are the few that will help you lay down the foundation to your business. Try to connect in your community, clubs and with competitors.

Adaptation 

Startups must be fluid. Finances will change drastically month to month, and technology is continually altering the business landscape. The better you are at steering your company through the hills and valleys of an ever evolving business world, the better chance you have at cementing your brand. You must be able to adapt your product and business to changes and new ideas.

Vision 

A startup without a vision is merely another name in a vast pool of potential. Everyone has great ideas but not everyone knows what to do with these visions. Without knowing where you want to go, or what you want to achieve, there’s no direction. Instead of improving, you end up running around in circles, accomplishing nothing. Make sure you set clear goals, an outline and are organized in where you want to go in the future.

Education 

What do all of these previous needs have in common? They can’t be truly harnessed without a strong education. Whether you head back to college or apply to get into a Rutgers online MBA program, you have to have a good knowledge of the industry and have a background in a good education. Seek out the wisdom of older businessmen and women to learn from them as well. They’ll no doubt save you from many pitfalls and help you avoid some of the mistakes they made in the beginning.

Don’t let anyone ever dissuade you from pursuing your dream of a startup. While they’re right to warn you about the possible hardships, so long as you know what you need to make it work, you can achieve anything. Just remember to always remain focused on the end goal. So long as you do, all the little things that try to stop you along the way won’t matter.

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