You don’t need decades of experience to launch a company. Millennial entrepreneurs are making a huge impact in various industries, including tech, consumer finance, fashion, and retail. While those who fall under Generation X struggle to move up the corporate ladder because Baby Boomers aren’t retiring as early as planned, those who fall under Generation Y have been making their own income in innovative ways.
India in recent years have seen a rise in entrepreneur mindset. The new generation across the world have overcome all negative notions and have proved themselves beyond doubt in all spheres of life including the most intricate and cumbersome world of entrepreneurship.
Let’s look at the 10 Tips for young and self-made entrepreneurs,
1. Find a need
Facebook founder and billionaire Mark Zuckerberg urges aspiring entrepreneurs and business owners to look for a “problem to solve,” rather than trying to figure out what type of business venture will make you the most money. By building your business around something that people are already looking for, you’ll automatically have an audience for what you’re trying to sell.
2. Money is king
Figure out how to preserve all cash flow, especially early on. Get payment extensions on bills if need be.
3. Get organized
It’s 2016 and you can speak into your phone to set reminders, use AI to set your meetings online and have 10 billion apps and products to keep you organized. No excuses.
4. Create content
What do Snoop Dogg, The Fat Jewish, Martha Stewart and Jerry Seinfeld have in common? They create content. That content helps them get massive exposure. That massive exposure helps them achieve their continued success.
5. Read consistently and every night
The act of reading makes you smarter, helps keep your mind sharp, spurs creativity and allows you to disconnect.
6. Work hard, but disconnect
Whatever it is that you enjoy, from working out, painting, dance class to photography, get outside and do something new. Don’t get sucked into constantly working.
7. Get media
Glance around. The huge media outlets have all moved models. A large portion of them has become benefactor driven outlets. Add to get the specialty presentation you’re searching for.
8. Manufacture your image
Your own image is the main steady you have as a business visionary. Fabricate your site, flaunt your activities, connect up your online networking accounts, advance your substance through Medium and LinkedIn and automate your presence on Twitter and Facebook.
9. Carry an idea notepad
The greatest minds, from Edison, Franklin, Einstein, Da Vinci to Gates, have done it. We have between 50,000 to 70,000 thoughts per day. An idea can escape as quickly as it surfaces. Carry your book everywhere. The world has endless inspiration.
Always look for new inspirations and note it down whenever you find it. A small idea can can be worth a million rupees.
10. Pay money and learn
It’s the best investment you’ll ever make, and the end result will be more money. The moment you go for the money, you’ll plateau. Choosing learning will continue to increase you to new heights of earning. It’s an awesome formula.