Sailing into the new waters of entrepreneurship can be a stressful time for anyone, and even more so for the younger generations who, though equipped with great ideas and perseverance, often lack life experience and management skills to make the entrepreneurship journey a smooth sail.
In our attempt to help young entrepreneurs reach their goals in an easy and time-efficient way, we have researched some of the more experienced business owners and what they think young entrepreneurs need to have today in order to succeed.
Always keep an eye on a big picture
More often than not, young entrepreneurs feel overwhelmed due to a myriad of obligations and tasks they have, that they often lose sight of the big picture, their main goal. You need to constantly remind yourself what your vision is. One of the ways to always have your eye on the big picture is to create a visualization board.
Plan, plan and plan some more
A great idea will stay just that a great idea unless there is someone who is ready to create a carefully-drafted business plan, which will incorporate the market analysis, cash and finances, action plan and projections. Thus said, you should also note that there will be situations when you will have to make decisions ad hoc, incorporate a change into your business plan, and create a detour in order to reach your goals.
Take advantage of Social Media
Young people are experts when it comes to social media. As a Facebook generation, you have been raised on how to share information online, where to post, how often and about what, so why not take advantage of it all and advertise your products/services for a fraction of a cost.
Find a great mentor
Making a success in today’s world is hard, but making one within a mentor seems to be down-right impossible. The likes of Steve Jobs and Larry Page understood it the best when they hired experienced people to help them reach their goals.
If you like to read I highly recommend you grab a copy of Crush It!: Why NOW Is the Time to Cash In on Your Passion by Gary Vaynerchuk. He is the ultimate no B.S. entrepreneur that tells it like it is. I read this book twice so far, and both times I learned something new.