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PRINCIPLES OF SUCCESS EVERY ENTREPRENEUR NEEDS TO FOLLOW

2017-08-05 13:23:00 | Legal Services

The courage in order to leap into entrepreneurship is considered as a waste without the resolves in order to see the journey through.


Entrepreneurship is consider as a roller coaster of self. The self-confidence in order to try something different, the self-doubt as to whether or not one would succeed, the self-preservation of hustling every day. It’s thus a complete and an utter mind game.
As an entrepreneur is however struggling in order to get ahead, it would also be easier in order to get the cliff notes about what works and what doesn’t so one can also adopt and then apply them for themselves and then save time. Unfortunately, it thus doesn’t work that way.


The purpose of this article is to make the reader aware of the principles of success every entrepreneur needs to follow.


For the purpose of co-founding one’s own startup, there are certain principles of success on the battlefield are thus the same ones upon which the businesses generally depend as well. Namely, that the different people, companies, and the industries generally define success differently but the means by which they however go about succeeding -- and viewing then their success through the mental frameworks -- are however always the same. It also takes communication, decision making, teamwork, leadership and thus all the other “soft” skills that are however anything but soft. They all are however extremely hard skills in order to learn and then apply.
At the same time, there are also common mindsets that generally shape success, the too.
Principles are the set of guidelines which everyone is supposed to follow in every aspect of their life. But unfortunately, these principles are however considered as backdated terms in the today’s world. Things such as instant solutions, immediate requirements, and the instant techniques are however running the wagon wheels of the today’s generation. However, if a good thing has thus been cast out of the existence, doesn’t really mean that one should be seeking it. As without the following principles, the entrepreneurs are doomed. So thus here are some of the principles as an entrepreneur one needs to adopt :
1) Respect your employees:- Giving respect to the employees is considered as must which one should do as an entrepreneur, as the employers however provide the best environment. But if one doesnt respect the employees, then one would only end up getting only fear in return and not respect.


2) Call a spade, a spade:- Honesty is considered as a mandatory principle and is thus the best policy. When honesty is considered as a principle, it thus becomes the self-respecting characteristic of a person. Honesty also ensures that one’s employee can trust him, not because one doesn’t lie to them but also because one doesnt lie to himself. Calling a spade a spade gives the employees a transparent picture as to what is the actual reality .
3) On must always consider entrepreneurship as a team effort:- Entrepreneurship isn’t considered as a solo trip but is considered as a social enterprise. But sometimes the entrepreneurs end up falling for the incorrect principle which is like ‘since the idea is thus mine, so the success thus also belongs to me’. Entrepreneurs must also realize that the success of their business doesn’t really belongs to them only but also to all the team members.


4) One must also gain the right knowledge:- Knowledge is however considered as the basis of action. It’s thus really important for an entrepreneur in order to keep himself updated with everything that however concerns with his business model. This however also doesn’t include the knowledge of the products, but also includes the knowledge of the people .


5) One must not ignore the loved ones:- This category includes especially the entrepreneur himself . One must always remember that , one’s business can get him money, but not his precious time. If one’s business has however turned him into a professional beast who however can’t think beyond their meetings, the investors, the business models .etc. then, it’s thus high time when one must realize that one must however spent some of his precious time with his loved ones , moreover for himself.
6. Chaos is freedom.
If one would really think about it, one would see that certainty is the enemy of opportunity because when one is certain, he doesn’t ask questions, so there’s thus no learning. When one is certain, it’s however difficult in order to imagine as to what might be, so thus there’s no innovation. When one is certain, one is thus confined to a narrow mental space, so one doesn’t really explore.


Chaos is however considered as freedom because in that space which is between what’s however known and unknown is where the opportunity lies -- for the businesses and for the people. One must also create something out of nothing by however first asking themselves these two questions: what’s possible and what’s however needed that the people would generally pay for?


7. Adapt.
Though considered as an old cliche that change is however the only constant, but it’s also true. What this thus really means is that one generally has two choices: in order to adapt now and to stay competitive, or either to adapt later after however becoming irrelevant and also try in order to become competitive again.


The beauty which is about adaptability is that it’s something one can however control. This however includes many things in life, there’s thus always something which one can thus control, and thus that “something” is the choice.


Entrepreneurship is thus considered as a social enterprise, and also not a solo trip to the la-la land. But the entrepreneurs generally often fall for the incorrect notion which is because their underlying principle is thus ‘since the idea is mine, the success which it however brings along, only and only belongs to me alone.’ Such an idea is thus rigged with loopholes and can also cause grievances among all those who are however either directly or indirectly involved with any kind of solipsistic entrepreneur.



This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for Section 8 company registration, Nidhi company registration, IEC registration.


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