In this century entrepreneurship is the dream of most aspiring people. There are many things a women should know before beginning your journey as a entrepreneur.
-Taking on personal development is essential-Attending seminars, courses, trainings can be very productive. Reading business related literature is very useful. Emotional intelligence is very crucial- it helps to handle business, relationships and life better. You can’t control others, but we can surely control how we react to situations.
-In the beginning you may be doing all the work. But gradually a team with same mission and value is required. Team will include your employees, contractors, consultants, chartered accountant, etc.
-It is good to work on your weakness but it is also better to play your strengths. Develop your strengths more.
-Do trial and error to learn from your mistakes early on. In business there may be costly mistakes, and this where coaching becomes important. But do not shy away from making mistakes. A lot of learning comes that way.
-Knowing your financials from the start is the key. The better you have your financial books in order, the easier it is to make decisions. Try to keep your fixed cost lowest possible, initially. Business plans need to be fluid. Having a knowledgeable bookkeeper helps you know where you are heading.
-Initial time can be very draining and tough. Do not give up. At-least be prepared to work on no profit for at-least sometime. It is human tendency to give up too early. Be consistent.
Have a support system for like minded people, who can act as good advisors and stress busters. Talking and discussing problems can help generate very interesting solutions.
Best of luck and be a super success.
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