5 most basic but very important steps to successful entrepreneurship

February 9, 2017

Google defines an entrepreneur as a person who sets up a business or businesses, taking financial risks in the hope of profit. “Everybody wants to be successful. While some of us want to achieve that goal overnight, some of us prefer to work hard and reach our goals step by step”.

Both the approaches are good, but today you need to work smart and analyse the situation before beginning anything. Even if you are someone who prefers to reach your goal step by step, you need to work in the correct direction, rather than just… working hard at it. Let us look at 5 very basic and important steps that one should follow for successful entrepreneurship.

Set A Goal

Setting one goal will tell you what you want to achieve and managing smaller and simpler things is always better and easy. Suppose you have your exams after a week. One exam per day should be easy for you to prepare, correct? However, if I were to tell you that you’re going to have six exams per day instead of just one exam per day. Would that be easy? good? depressing? tense? Whatever it may be, it’ll definitely not yield better results. So, whenever you start, make sure you start by setting one or two goal(s) rather than planning 20 different goals and going after them at the same time.

Don’t Become a Sheep

You’re a well-functioning organism and you have your own methodology, your own ideas and your own intellect. Then why would you want to do exactly the same thing that others are doing. Go out and study what, you’re getting into. Maybe, do a deep background research about it and come up with your own plan. Don’t just follow what everybody else is doing. Being an entrepreneur means that you need to be able to take certain risks in order to gain profit.

Make A Plan

Now that you’ve set your goal and then you have done your research about what you’re getting into, it’s about time that you make a plan for it. You need to sit down and device a plan to achieve your goals with minimum risk. It’s not going to be easy, but when you start thinking about various plans, you think about various scenarios and various scenarios lead to a various problem(s) you might face while trying to achieve your goal. If you already know what might happen in future, you can take precautions beforehand and cook up various scenarios to avoid the problems you found while hatching this plan to achieve your goal.

Focus on the Desired Result

After you have carefully schemed your plan, you need to remove any other distraction from your mind and just focus on one thing, that is, your end result or your goal. If you are not focused on your goal, then even the best plan to make it work… will never make it work. Maybe try to take some time out of your busy schedule and do some exercise or concentration to improve your focus. You can even talk to yourself (in your head, please) about why you have not reached your goal yet or even motivate yourself from time to time.

Don’t Over Think Things

Following the 4 points mentioned above, you can definitely gain successful entrepreneurship. But, problems arise when you overthink the details. You are a businessman and you cannot afford to sit at one place for the whole time. You cannot afford to go over and over a single detail, otherwise, you’ll just keep eliminating everything and lose sight of what you wanted and what you already have in order to achieve your goals. Going into details about your goal is great and will definitely tell you everything you need to know about it, but sometimes, it might throw you into an infinite loop and you might never get out of it.

Successful entrepreneurship is not hard, it’s just a matter of time, hard work, dedication and love for it. But, these 5 points mentioned above, will safely help you get closer to your dream a little faster. Last, but not the least point would be to believe in yourself. If you don’t believe in yourself, then who will?

This article has been shared by Himanshu Jain, CEO of LegalRaasta, an online portal for ISO registration and MSME registration in India.