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5 Deepest, Simplest, and Basic Lessons for Young Entrepreneurs

young entrepreneurs

While you’re inspired by young entrepreneurs all around you’d, too, become one of them if equipped yourself with the right tools.

As the young are realizing the truth about becoming their own bosses, thousands of new startups are appearing to be known as mentors. But this is not a story of a day or two. Their success has more to tell.

There are lessons from renowned entrepreneurs and business persons which one must learn before diving in the world of young entrepreneurs. Equip yourself with these and you’d be on your journey to success.

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Make a Copy of Your Ideas

Unlike animals, our brain is not only thinking about one thing only. There are too many thoughts juggling our mind all the time.

If you think of becoming a millionaire in no time, your brain would make you restless with all those unique and creative ideas. You’d be searching the web. Or you’d be talking to your mentors. And with all those great sources of information, you’d be getting a lot of ideas.

But what good those ideas be if you can’t recall them when needed?

The simple rule here is to write all your ideas. Write them in your diary. Or type in your mobile. You’d even take a print of the list you created and paste it on the wall of your room.

This would be the first step showing that you’re getting serious about becoming an entrepreneur.

How to Start Your New Beginning?

Make a Plan

Some people believe in ‘going with the flow’. And many times they drown. And this is because they didn’t plan their move.

Planning your way to success is as imperative as eating a healthy food. If you take it out from your life, you’d start losing your strengths.

When asked to make a plan, many people consider this a ‘waste of time’. For them, their mind is the best place to create a plan.

With no doubts, our mind can keep millions of thoughts. But it isn’t easy to recollect them when needed. And, it might not come in its full form.

The best way (here again) is to create a plan on a calendar. We have digital calendars and apps. Install them on your mobiles and computers and create a plan that best works.

Now creating a plan also requires you to follow certain techniques. Some would ask to create a daily plan, while some will go with a 3-months plan. I, however, would recommend a plan for 3 months. But it must be flexible.

For example, if you’re a blogger you can plan a posting schedule for a period of 3 months. But you must also keep yourself updated with the trending topics people are looking for.

One thing to keep in mind while making a plan is to separate your day according to your to-do list. You don’t want to miss that meeting just because it wasn’t on your plan, right?

Create a Plan on Your Content Calendar

Sign Out from All Your Social Media Accounts

This is one cruel step but in fact is the most distracting factor behind your failure.

I am not asking you to deactivate your social media accounts. I am just suggesting to keep them away while you’re working as according to your plan.

Social media networks, with no doubts, have become a backbone to market your business. But you must focus on one thing at a time.

When you’re working on an assignment, let’s say you’re writing, you don’t want to derail your attention with all those updates, new posts, and messages coming from your social media networks.

Once done writing and editing, it’s time to post them on several social media networks. And once done posting, now you’d get back to your personal social media accounts and get in touch with friends and family.

Want to be a Writer? Get Some Ideas Here

Find Your Productive Hours

Now you might think you’re a night owl. You’re energetic and plan your assignments for the night. But it isn’t only the energy that will help you achieve success. You also need to be focused while working.

A survey stated that more than 38 percent of workaholics performed well during the mid-morning.

Early to bed and early to rise, makes a man healthy, wealthy, and, wise.

You must have read this poem. And I thought that start working early in the morning is the best. But then I, too, found that mid-morning is the best time for me.

This doesn’t necessarily have to be your productive time. You might fall under the categories of night owls. You just need to find the best time when you’re at your best performing phase.

Learn from this Young Millionaire

DO NOT Think Failure

One of the easiest ways to distract yourself is fear of failure.

There was a salesman who used to earn $20 a day after visiting 100 homes. Of those 100 homes, only 10 would buy his product. When asked what he does for his living, he told, “I ring bells at 100 doors”. This was a strange answer.

The salesman explained that he goes to 100 homes, sell his product to 10 and earn a $20 from them. The other guy said, “So, you make $2 from one customer”. “No, I earn $0.2 from 100 homes”.

This small story tells us a lesson – don’t think of the failure, think of the success.

Most of us are usually afraid of failure. We don’t think of becoming an entrepreneur. Because we don’t believe in ourselves.

Get rid of the negative thoughts. Don’t think of an unforeseen failure. If you have a dream and you truly want to achieve it, just think success. Tell yourself that you’d get it.

Why these Startups Failed?

Time to Rise Young Entrepreneurs!

Summarizing the lessons for young entrepreneurs, it’s high time to start your journey. Every lesson you learned above must be connected with each other. You can’t make a plan which isn’t in line with your productive hours. It’d be unrealistic.

The first step is always the hardest. Take a lot of time to get the best ideas, followed by a plan that works best for you, a strategy which eases your work, and a motivational factor to help you move on your path to success.

Do You Know that You have an Entrepreneurial Gene?