Disruptive Innopreneur

 

 

 

Startup

Success

 

5 Rules for Business Startups

 

Brian Tracy revisited

 

 

How To Succeed as a First-Time Entrepreneur

Entrepreneurship is the art of finding profitable solutions to problems in the marketplace. Every successful entrepreneur, every successful businessperson has been someone who's been able to identify a problem and come up with a solution to it before somebody else did.

If you want to start a business, read these five tactics for finding entrepreneurial success.

 

Venturepreneur

Entrepreneurial Attributes

10 Rules for Building  a Successful Startup

9 Maxims of Venturing

How To Address Them

 

 

 

1. Find a need and fill it

When Ross Perot was working for IBM, he saw that his customers who were buying IBM computers needed help processing their data. He went to IBM with this idea, and they said they weren't interested, so he pursued this entrepreneurial opportunity and started his own business. He eventually sold it out for $2.8 billion dollars. He found a need and he filled it.

 

Advices by Self-made Billionaires

21 Success Secrets of Self-made Millionaires

How To Win in Business

BE MAD

 

 

 

 

2. Find a problem and solve it

A secretary working for a small company began mixing flour with nail varnish in order to white out the mistakes she was making in her typing. Pretty soon, her friends in the same office asked if she could make some for them. So she began mixing it at her kitchen table. Then, people in other offices started asking for it, and she eventually quit her business and worked full time creating what is today called Liquid Paper. A few years ago, she sold her company to Gillette Corporation for $47 million.

 

Advices by Self-made Billionaires

21 Success Secrets of Self-made Millionaires

How To Win in Business

BE MAD

9 Maxims of Venturing

 

 

 

3. Look for solutions

Find a way to supply a product or a service better, cheaper, faster or easier. Clemmons Wilson saw that there was a need for hotels that could accommodate families that were traveling, and he started Holiday Inns. And Holiday Inns has now become one of the most successful hotel chains in the world.

 

 

Vadim Koelnikov personal logo

Smart & Fast

Innovative Entrepreneur

 

 

 

 

 

4. Focus on your customer

Become obsessed with your customer. Fixated on your customer. Focused on your customer. Empathize with your customers. Think of what your customer wants, what your customer needs, what your customer will pay for, what your customer's problems.

See yourself as working for the customer.

Thomas J. Watson, the founder of IBM, built his company on this principle.

 

 

 

5. Invest sweat equity in your business

Most great fortunes in America were started with an idea and with personal effort and were started with the sale of personal services. This is called sweat equity. In other words, instead of cash equity, put in sweat equity. Put in the sweat of your brow to begin your business. Once you've come up with a product or anstart to invest your time, talent and energy instead of your money, to get started.

 

 

 

Read & Watch
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