What Are the 10 Top Areas That an Entrepreneur Needs to Focus on to Be Successful?
The decade 2011-2020 is expected to see an unprecedented growth in start-up small businesses.
This is partially in response to increasing unemployment rates.
Apart from this, people are also realizing that a clear solution to unlocking their true earning potential and creating the lifestyle freedoms that they wish for can be achieved much easier by embarking on entrepreneurial endeavors.
The reality is that the challenges of entrepreneurship have been underplayed and are hiding behind the shadows of its glorified benefits.
The barriers to entry in most start-up businesses and the lack of sufficient support mechanisms will result in over 90% of these companies failing.
The first step towards beating the odds is to realize that the entrepreneur process in not only a dynamic one but complex.
I do not want to promote or invoke fear in aspiring entrepreneurs.
I, however, want to prepare them for the challenges and, of course, the rewards ahead of them.
I will expand in detail in my future articles on everything that you need to know to achieve success.
To be honest with you, there is no rocket science behind of my philosophy and writings.
The cornerstone to my teaching is built on three pillars: 1.
We do not plan to fail, we fail to plan.
2.
One's propensity to change is directly correlated to one's ability to survive 3.
Technology is the dividing line between "the haves" and "the have not's".
Grasping the concepts behind these three pillars is the first step to unlocking the entrepreneur secrets.
Now you will need to equip yourself with the knowledge to put this mind set to work.
One cannot have a lottery ticket approach to entrepreneurship.
Entrepreneurship is not a game of chance but a life story of making calculated and knowledgeable decisions.
Each entrepreneur must have an intimate understanding of his/her products and industry, its hidden risk and opportunities.
This brings me to the 10 cornerstones of my writings: 1.
The Entrepreneur process and opportunity recognition 2.
Marketing 3.
Finance and Venture Capital 4.
External Support 5.
Tax & Legal Challenges 6.
Intellectual Property 7.
Franchising and Affiliate Relationships 8.
Technology and the Internet 9.
Growth Management & Sustainability 10.
Exit Strategies Over the next 10 articles I will review these top 10 areas.
You will then be on your way to unlocking the secrets of successful entrepreneurs.
What I challenge you to do now is to review the list above and ask yourself if you have a complete grasp of their requirements and the impact on your current or potential business.
If you have not ticked all, well you are in the right place to acquire that knowledge.
Stay tuned as I reveal the secrets.
Coming next...
the Entrepreneur process and opportunity recognition.
This is partially in response to increasing unemployment rates.
Apart from this, people are also realizing that a clear solution to unlocking their true earning potential and creating the lifestyle freedoms that they wish for can be achieved much easier by embarking on entrepreneurial endeavors.
The reality is that the challenges of entrepreneurship have been underplayed and are hiding behind the shadows of its glorified benefits.
The barriers to entry in most start-up businesses and the lack of sufficient support mechanisms will result in over 90% of these companies failing.
The first step towards beating the odds is to realize that the entrepreneur process in not only a dynamic one but complex.
I do not want to promote or invoke fear in aspiring entrepreneurs.
I, however, want to prepare them for the challenges and, of course, the rewards ahead of them.
I will expand in detail in my future articles on everything that you need to know to achieve success.
To be honest with you, there is no rocket science behind of my philosophy and writings.
The cornerstone to my teaching is built on three pillars: 1.
We do not plan to fail, we fail to plan.
2.
One's propensity to change is directly correlated to one's ability to survive 3.
Technology is the dividing line between "the haves" and "the have not's".
Grasping the concepts behind these three pillars is the first step to unlocking the entrepreneur secrets.
Now you will need to equip yourself with the knowledge to put this mind set to work.
One cannot have a lottery ticket approach to entrepreneurship.
Entrepreneurship is not a game of chance but a life story of making calculated and knowledgeable decisions.
Each entrepreneur must have an intimate understanding of his/her products and industry, its hidden risk and opportunities.
This brings me to the 10 cornerstones of my writings: 1.
The Entrepreneur process and opportunity recognition 2.
Marketing 3.
Finance and Venture Capital 4.
External Support 5.
Tax & Legal Challenges 6.
Intellectual Property 7.
Franchising and Affiliate Relationships 8.
Technology and the Internet 9.
Growth Management & Sustainability 10.
Exit Strategies Over the next 10 articles I will review these top 10 areas.
You will then be on your way to unlocking the secrets of successful entrepreneurs.
What I challenge you to do now is to review the list above and ask yourself if you have a complete grasp of their requirements and the impact on your current or potential business.
If you have not ticked all, well you are in the right place to acquire that knowledge.
Stay tuned as I reveal the secrets.
Coming next...
the Entrepreneur process and opportunity recognition.
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