Many professionals working in MNC organizations do not have mental satisfaction. Because of the job stress and pressure, many even quit them. Most of you think that starting your own businesses might be risky and don’t want to start. Being an entrepreneur is something extraordinary. It is not that easy to be a successful entrepreneur.
Here are some tips to remember while launching your startup:
1) You will have the freedom
When we work in any company, we can’t be as we like. There will be superior-inferior feelings between boss and an employee, sometimes we should also keep our ego and attitude aside to be good in the company. On the other hand, if you come up with your own startup, you are the boss. There is a plenty of freedom to an individual but be mindful not to misuse that freedom because you are the boss of your company and your decisions will change the fate of the company.
2) The flexibility of time
The timings or work, where to work, how to work, and with whom to work, it is your wish to choose them according to you. As the organization is yours, you should plan accordingly keeping the vision and mission of the company in mind.
3) Financial Growth
Most of them think that they should keep their routine job in hand so that they can build a strong financial ground for their venture. But saving investment by job for a startup is not a good thing. There are many investors ready to invest, one thing is your idea should be crystal clear and you should pitch it perfectly. According to some statistics by USA Today, the self-employed are four times more millionaires than routine job holders. Your growth is in your hands and depends on how you proceed.
4) Perfect Team
It certainly takes a very long time to become successful by running a startup single. You should get the perfect companions with the same mindset as yours. It will help in getting work done smoothly. So, analyze how important is a team for a start up.
5) You become a multi-skilled multi-tasker
In a startup, there is no bonding of work. Sometimes it orders you to play multiple roles like from an office executive to as CEO, meeting clients, checking the financial bills to recruiting the interns. A startup will teach you more and more. It gives the live exposure to work and help to learn from different aspects of life.
6) Business stability can be a far fetched dream
You may or may not be luxurious like corporate employee, but in the long term, entrepreneurs will be very far ahead of an employee. So, an entrepreneur should think about his business strategies and how to make it stable, but not about early profits. Market analysis should be done regularly to check whether you are serving the customers with what they want or not.
7) Your mind can play spoilsport
You should overcome depressions and other tensions. You should not get down to them because a every successful entrepreneur will go through that toughest phases. What ever happens you should always keep your vision in mind and think forward with that zeal.
8) Failure is the way to success
You may fail once or twice, but success follows that. Attempting is very important. No one becomes successful in a blink.
9) The Art of Balancing
Most of them profoundly involve in their daily busy business schedule. There will be a mismatch of timings to be spent with family or work. So proper planning is a must important. Kees Blok, co-founder at Biddy says “Work is not a sprint, it is a marathon. So be sure to eat good, sleep well and exercise.” Creative thoughts come when you are relaxing, not when you are running around.
10) Self-Satisfaction
Watching your startup grow gives the real self-satisfaction, it can be experienced but not be explained. The real happiness is giving a presentation to some clients and getting a response requesting your services will be your biggest achievement.
Don’t think about the result before starting, don’t think about the way to travel. If you have an idea, frame it to a model and plan perfectly and you will achieve it. Best Wishes!!!