A company which is founded on the energy as well as enthusiasm of youth can give larger, more established industries a run for their money. Young generation have lots of creative ideas for making more money and a lot of free time to explore the possibilities of making it work.
“For many young people, one of the biggest motivating factors for starting their own business is the flexibility of the schedule it offers, meaning that they may study and also work on their own terms,” said Issa Asad Florida technology guru and businessman. “The world today needs new entrepreneurs so as to create new jobs, usher new technology into the society, and keep competition alive in the market place among many others.”
Mr. Asad is the CEO of three companies in South Florida, including Q Link Wireless, Quadrant Holdings, and Bond Media. Here are Issa Asad tips to become a great young entrepreneur.
Failing is always part of the game. Failures are more likely to lead you to success if at all you get involved with things that you believe in. As a matter of fact, starting a business just for the sake of it will always leave you directionless, cashless and ultimately back where you started. Always choose an interest that you will be passionate about. Think about what you love to do best and also work on turning it into a business.
This particular tip applies to yourself, your customers, and your employees. Ensure that you are honest about what you can commit to the business. In fact, it does not do any good to extend yourself so much, but truly speaking, you do not have enough cash or even the hours to commit to your business. Always be honest about what your associates can expect from you and also what you do expect in return. Additionally, you must be honest to your clients if you wish to become a great entrepreneur.
3. Make Use of the Social Media
Most of young people are always keen to jump online, which isn’t a bad thing at all. However, it’s very important to think twice before you plaster marketing materials on the internet. It’s no doubt that social media is a powerful tool but you shouldn’t over use it. Focusing it on your business may get word out more cheaply and quickly. Always be careful not to ever pull all your eggs in the online basket! Ensure that you test and measure results, and then evaluate and decide what is working right for your business.
4. Find Mentors
The beginning of every venture might be exhilarating, liberating, frustrating and even terrifying at times. Even though young generation can be more tech-savvy compared to those who have been in the business for some years, there are basic principles which are usually refined by experience. A lot of communities often offer networking opportunities for both young and old entrepreneurs. Ensure that you take advantage of this and you will be astonished at the wealth of knowledge your colleagues will offer you.
These are some of the tips that can make you become a great entrepreneur. Though these tips will not guarantee you certain success, every bit of knowledge that you can gather before starting your entrepreneurial career can absolutely help you to avoid serious mistakes.