Honestly entrepreneurship is not meant for everyone – it is complex! If you are convinced beyond doubt that entrepreneurship is your art then this article is written with you in mind. Following this advice from Jay Findling – J Finn Industries, LLC account on Medium might help you have a guaranteed success story at the end.
Be Practical About Your Cash
Because of wrong advice circulating the industry many young business persons already think about the financial journey in the next 5 years. It is not entirely wrong to think about the future but you need to practically handle your present financial situation before you think about tomorrow. Compare your money to oxygen. How much do you have now to sustain your business?
Jay Findling, New Jersey Businessman account on Issuu teaches skills on how to be practical on your cash. It is necessary you know that beginning businesses ‘swallow’ money. You need to be well funded for the initial year to take care of rent, inventory and supplies.
Commit Your Time
If you are starting your business so that you can have some time for yourself, then you are in for a shock. In your first year, you will not find time for entertainment, no parties, and even time for friends and family will be squeezed. So, you have to be prepared for a lonely journey if you want to establish a business. Then again it depends on how big you want your business to be. The bigger you want it the more time you need to build it.
Be Faithful to Your Word
Stick by your word all the time. Do not promise what you cannot deliver. If you fail to deliver, your reputation and brand will be at stake. You cannot afford a bad reputation going around of your inability to handle business.
Statistics show that within the first 18 months many businesses fail. Central to this is lack of talent and failure to commit every fiber of your being in its success. A business is only successful depending on how fully committed you are.