ENTREPRENEURS: DON’T MISS the little things ….

The points below are collected from the deep minds of some of the hard-working entrepreneurs who faced all the odds & rejections and came up with the right practical solution to succeed.

1. Very first: You should have the right attitude.
2. Don’t think, just do: Whenever you don’t have any idea about how to do business, just take your product, go out and sell. Don’t think about any profit, whether you are earning 2 Rs, 5 Rs or 10 Rs, it doesn’t matter. Just Sell.
3. Analyze: Write down your observations and develop an understanding of the market.
4. Don’t take anything easy: Business is not just putting money and managing, it is about bringing & surviving change in changing market situations.
5. Be true to yourself: Business people take responsibility, don’t make excuses.
6. Develop this USP: Every business needs USP, which is nothing but the hard work and dedication to complete your work, whatever it takes.
7. Tell yourself: I don’t need your best, I need what needs to be done.
8. Gain customer loyalty: Maintain your commitment to customers. Meet your deadline to deliver your product. Do whatever it takes, just do it. You will see the long term effect of this one. Initially, you would not realize.
9. Dedicate: Dedication without thinking of money, proves you are dedicated. There will be times when someone gives you work to do, which doesn’t involve a monetary transaction. Do it selflessly and feel the magic of so many hidden benefits.
10. Develop intuitive skills: There is one skillset which you must learn to quickly analyze anything, say whether this idea will work or not. It is a mixture of knowledge, understanding, and intuition. Once you started doing this, you will save time and money on not so useful jobs. Slowly you will understand what points to look for while making the decisions. To develop these skills, just get out in the market & fake it till you make it. Product selling is always the last thing you should do. First, find your target customer and start talking about your product. Just call them or meet them. If they ask you the price, just tell them any price you think of. Once you speak to 5–10 different customers, eventually you will know that price range limit. Whether you are costly or cheap. You will get to know about your competition. Your customer will only tell whether this kind of product exists in the market, or what is a similar kind of product they are using. Once you get this detail, just call the company which makes this kind of product and take details. And now you can make the right decision to sell in the right market in the right way.
11. Don’t build something which can be built with a very small investment by some large companies: You have to invest Rs 500 cr in building a company starting from scratch to product development to building a new sales and finally to succeed your product. And some big companies need to invest only Rs 20 cr and can easily start the same product line and acquire the market through its existing network. You are just wasting your investor’s money.