Start Up Cycle
ENTREPRENEUR GUIDANCE:
Start up was a taboo in the conservative economy earlier. However, as the information tech era began more students are being lured in to entrepreneurship. Sound academics qualified students back up most start-ups today. Only the tough-minded optimist survives in the run to endurance. Initial risk that means uncertainty is a tough gamble for a timid one. It is the condition of not knowing the outcome of an activity. Hence, a Start-Up must be willing to take calculated risk. Then a young innovator must face uncertainty with confidence. However, an entrepreneur likes to take realistic risk, to be successful. The start- up must ever be ready for 360 degrees integration.
An early bird must have self-confidence and 100 percent belief in self. One should have the confidence to implement the change and overcome any resistance to change. Start-up entrepreneur should have courage to own the mistakes and patience to correct them. Being a strong decision-maker is another trait that is needed. With technology changing on a regular basis, frequent diversifying the action plan is imminent. Hence, a start-up must be clear and creative in decision-making process. An insight in to every niche of the enterprise gives the ability to decide about the type of trouble shooting to be done and the way of proceeding further.
New ideas must have a vision while embarking on making the idea in to a start-up. A promoter is one is one who incubates new ideas, starts enterprise with these ideas and provides benefit to society based on their independent initiative. Such a visionary is a leader beyond class. Leadership is the process of influencing and supporting others to work enthusiastically towards achieving objectives. Such a start up personality turns a good organizer. Because a start-up assembles, co-ordinates, organizes and manages the other factors namely land, labor and capital.
Hard work harnessed by smart work is the key of success. Never compromise to do hard work. Similarly always, find solutions for doing each assignment in a smarter way. Think of initial gains not in terms of money but in terms of appreciation and patronage. Working for challenge, accomplishment and service to others, always ensures success. Achievement orientation is a desire to overcome challenges, to advance and to grow.
Being optimistic is being positive and not being over-confident. The new entrepreneur must possess a hope of success and attitude, rather than with a fear of failure. The positive thinking of an entrepreneur can turn the situation favorable on the long run. Coping with latest technology and periodic upgrading endures sustenance. Technical competency refers to the ability to devise and use the better ways of producing and marketing goods and services. The last and most important trait of a start-up is to possess creative thinking and analytical thinking. This will enable them to be adaptable and problem solving.
Way2World wishes all our readers a happy week ahead. This week must encourage all of you to help your enterprise turn brand equity by sheer smart work and positive thinking.