Business Mogul, Dr Daniel McKorley has given out four rich guidelines for new business starters to guide them succeed in their journey as entrepreneurs.
The four-point speaks about simple mistakes people do as new business starters and also offers solutions to them as well.
Below is his post:
Starting a business at a young age is both exciting and challenging. Even though I managed to survive, my lack of experience, in the beginning, led to a few mistakes. Thankfully, all of them were valuable learning experiences on my path to achieving success.
For those who are starting their journey young and are perhaps still in school, I’d like to share some advice on mistakes to avoid as you work to build your business.
1: Not making a business plan – It’s important to have a vision for your business and give it a timeline. You can’t tell if you’re going to make it or not, but you need something to work towards. Ask an expert to help you draft one.
2: Not delegating – Trying to do everything yourself becomes exhausting. In the long run, you’re going to do more harm than good by not delegating properly. Delegate and TRUST your people to be able to do it as well, if not better than you. There’s also no shame in asking for help or advice. You should always be willing to learn from those who have a type of expertise that you might lack.
3: Don’t worry about your age – If you’re willing to put your blood, sweat and tears into building something truly great, the only thing that will matter is if you can execute. Don’t be afraid of expressing your ideas because of your age. It’s these new and fresh ideas that are shaping our future — so don’t wait and miss out on your turn to create change. Also, don’t blame your age or lack of experience when you lose a deal. Chances are it wasn’t your age, it was because you didn’t convince potential partners or investors of the value of your idea.
Source:Mybrytnewsroom.com/Kwabena Nyarko Abronoma
