MANA Group Fundraising Share Tips For Potential Entrepreneurs
NEW YORK, NY, May 2014 – Here are 6 pieces of advice that MANA Group Fundraising want to share with anyone thinking of becoming an entrepreneur:
Focus. Focus. Focus.
Avoid getting side-tracked. Juggling too much will spread you thin and limit both your effectiveness and productivity. Do one thing perfectly, not 10 things poorly.
Know what you do. Do what you know.
Don't start a business simply because it seems sexy or boasts large hypothetical profit margins and returns. Do what you love. Businesses built around your strengths and talents will have a greater chance of success. It's not only important to create a profitable business, it's also important that you're happy managing and growing it day in and day out. If your heart isn't in it, you will not be successful.
Know what you know, what you don't know and who knows what you don't.
No one knows everything, so don't come off as a know-it-all. Surround yourself with advisors and mentors who will nurture you to become a better leader and businessman.
Act like a new company.
Forget about fancy offices, fast cars and fat expense accounts. Your wallet is your company's life-blood. Practice and perfect the art of being frugal. Maintain a low overhead and manage your cash flow effectively.
You will be much more productive when you take better care of yourself. Entrepreneurship is a lifestyle, not a 9-to-5 profession. Working to the point of exhaustion will burn you out and make you less productive. Eat right, exercise and find time for yourself.
Don't fall victim to your own B.S.
Don't talk the talk unless you can walk the walk. Impress with action not conversation. Endorse your business enthusiastically, yet tastefully. Avoid exaggerating truths and touting far reaching goals as certainties. In short, put up or shut up.
Determine how you will utilize these hard-learned lessons to better yourself and your future entrepreneurial endeavors. Failure is inevitable, but a true entrepreneur will prevail over adversity.
For additional information, contact a member of the MANA Group administration team at email@example.com
MANA Group Fundraising: