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5 Things to Consider as a Newbie Entrepreneur

entrepreneurship tips

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All entrepreneurs have made mistakes when starting out. There is something in every one of us that wishes to achieve things as quickly as possible. One of the more common mistakes that new entrepreneurs make is to try to do everything before achieving just one successful action in a bid to achieve success immediately and begin to attract clients. You shouldn’t necessarily slow down but you can learn from successful entrepreneurs so as not to make the same mistakes and make your entrepreneurial journey more bearable and ultimately, more successful.

Have a clear goal

Set some time aside to work on your goal. Have a specific vision of what you intend on what you would like your business to look like in 12 months time and beyond. Take that vision and allow it to dictate all your decisions and actions in the meantime. This will let you know that you are moving ever close to your dream.

Offer a free consultation

If you offer a free service, making a free consultation available to prospective clients can be a smart move. You can take interesting clients and eventually turn those leads into paying clients and grow your pipeline.

Attend and speak at events

By getting out there in and among your industry, you can talk about your business and passion and position yourself as an expert within your industry. This makes you feel that you’re more a part of your business. Spend some time on developing and testing this into an art and you will generate results. The more that you network, the more that people will see you and know who you are and what your business offers.

Form and implement workable systems

Have a system in place that allows you to convert clients so that you can create a continual stream of sales. Ensure that your system includes marketing materials that attract prospects. Further, have a system that pre-qualifies, nurtures and supports your clients so that they form a lifetime relationship with you. The clearer that your system is, the improved sales rate you will have.

Get as much support as you can

As soon as you are in a position to afford it, hire an assistant who can provide you with the day-to-day support that will allow you to concentrate on sales and running your business. This is certainly key in enabling you to track your finances. This results in you having peace of mind, the ability to achieve faster results and to leverage time with improved efficiency.

The mindset of an entrepreneur comes in use with any endeavour that has a profit as its overall aim. All of the above pitfalls are relevant to most businesses and, to a degree, applicable to other forms of achieving a profit such as spread betting. This has become a very popular way of making money thanks to its low investment on time and potential high profit rewards. You will also need to form a plan and find a system that is workable here for you to. Once you have studied up on trading and have your plan in place, you will need to open an account at Cantor Index Ltd and you will be able to start making trades.

About the Author: This article is provided by Chris Rochowiak

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SMB Authors 1044 posts

This article is one of the excellent contributions from small business owners, decision makers and professionals.

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