As a young entrepreneur, I’ve gone through quite a few struggles with starting up my business. After going through difficult experiences, I’ve gained helpful knowledge regarding running a business. Here are a few tips for young entrepreneurs:
1. Do What You Love to Do
As a virtual assistant, it has taken me some time to figure out the tasks that I really love to do. I’ve come across a few tasks that I just don’t like. After taking on the tasks that I didn’t like, I realized that I was not fully immersed in my work. I just wanted to get things done and cross items off my list. This was not helping me or my business. Recently, I’ve narrowed my focus to include only the tasks that I love. This has helped me to better my business and has improved my overall quality of life.
2. Don’t be Afraid to Take Risks
Although it is important to do what you love to do, it’s also important to take risks. There have been many tasks that I’ve been willing to try that I’ve had no experience with. Of course, there have been some tasks that I have not liked at all, but other tasks I’ve loved and I would have never known it had I not given the tasks a try. Through trying new things, I’ve been able to expand my business to offer additional services. In addition, I’ve taken a few financial risks with purchasing new software. While I was a little afraid at first, the investment well worth the money.
3. Put in the Time
Starting a business is not an easy task. The bottom line is that if you want your business to succeed, you need to be willing to put in the time. I put in many of hours of work that I wasn’t initially paid for, however, eventually, my effort paid off. As a young entrepreneur, this can be particularly difficult if you’re also in the process of going to school. I had to learn to use my time wisely and make the most of my time.
4. Go Above and Beyond
As a young entrepreneur, you might not be taken seriously by others, especially if you are under the age of thirty. Once someone chooses to purchase your product or service, it’s important for you to go above and beyond what is expected. This will show your customers that you do take your business seriously. Once you establish returning customers who leave positive reviews, you will earn more creditability.
5. Learn From Your Mistakes and Problems
It’s likely that you will make a lot of mistakes and that is ok! Part of success is falling and learning how to get back up. Without your problems, there would be no way for you to learn how to improve yourself. And so, what’s important is that you are able to learn from your mistakes. If you reach a problem, think about how to make sure it doesn’t come back, and in the process, you’ll be able to fool-proof your business and improve yourself. If you get a customer complaint, instead of becoming defensive and angry, think about the complaint as an opportunity to grow.