EBONY THE ARCHER NEW GENERATION ENTREPRENEUR AUTHOR & CREATOR.
How to succeed as an entrepreneur in this new generation
THE NEW GENERATION ENTREPRENEUR Entrepreneurship. It can be both a daunting and exciting experience. Being an entrepreneur is not easy. It takes a special type of individual to become an entrepreneur to be able to withstand the ups and downs along the journey. However, being an entrepreneur in the new generation differs than what it used to be over 20 years ago. With the increasing popularity of the internet, becoming an entrepreneur has become easier but now many various markets are over saturated. With this said, how can one become a successful new generation entrepreneur? Well, in this short eBook, I will be giving you five ways you can be successful in today's world of entrepreneurship.
STEP 1:
BE PREPARED THE FIRST STEP
THE NEW GENERATION ENTREPRENEUR
STEP 1: BE PREPARED So you have decided that you want to become an entrepreneur. Great! But now the real work begins. A successful entrepreneur is a well prepared entrepreneur. You must establish the right foundation in the beginning in order to have a slight chance of being successful. If I have done this in the beginning, I would have avoided a lot of mistakes. However, due to those mistakes I can now tell you what you need to be prepared in order to prevent unnecessary mistakes from occurring.
a) Write The Vision, Speak The Vision & Live The Vision
Have you ever heard of the saying, "Write the vision and make it plain?" Well, you have to do the same thing for your business. After, you are a legal entity in the state that you are operating in, you then have the daunting task of figuring out where do you see your business going and the impact that you want it to make.
With this in mind, you have to write out your vision for your company. In this vision, you should include where you see your company in the next year, five years and so on. Include the goals and things that you want to achieve and your ideal clients. Once you write out your vision then you have to speak it . When you speak things into existence, it shall become so. When you speak it, you will then believe it. When you believe it, you will then live it out the vision.
b) Find and Hire The Right Team As a new entrepreneur, you may not have the funds to hire a team to help get your business on the right foot. However, from past experiences I learned that with the right people on the team, you will get so much farther and be more prepared than trying to achieve things yourself. Therefore, investing in the RIGHT AND QUALIFIED people to be on your team will benefit you in the future. If you don't invest in your business, who will? To be well prepared, before you start your business, build up the necessary funds in a separate account and leave it untouched. Start researching different prospects or individuals you know you will need to help your business flourish. When I first started my business, I did not have any funds saved, I invested my money in the wrong people and it caused me to be pushed back farther than I originally started. Invest in your team and in return, you will see double the investment.
STEP 2:
BE UNIQUE THE SECOND STEP
THE NEW GENERATION ENTREPRENEUR
Discover Your Unique Factor 1. STUDY YOUR COMPETITION
2. WHAT MAKES YOU STAND OUT?
In every market and industry, you will have competition. Therefore, you need to study the trends of your competitors and what they already doing so you won't duplicate their efforts.
In order to be successful, you must stand out among your competitors. You have to present yourself in a way that will make you unique. This can be anything from your branding to the services you offer. In either way, make sure you differentiate your business.
3. CREATE OUTSTANDING PRODUCTS/SERVICES
4. WHY SHOULD PEOPLE CHOOSE YOU?
The one thing that separates business from one another is what they offer to the consumer base. What is your company going to offer that will be different? Creating outstanding services and products will give you that "it factor" that many potential clients will be looking for.
It is so easy to capture someone's interest but the hard part is to close the deal. I want to challenge you to think of the "why". Why should a potential customer/client buy your product/services? Why should they listen to your pitch and how is it going to benefit them? These are the things that you need to think about when it comes to closing the deal.
STEP 3:
BE CONSISTENT THE THIRD STEP
THE NEW GENERATION ENTREPRENEUR
How Can You Be Consistent? SOCIAL MEDIA EVERY BUSINESS NEEDS TO ESTABLISH SOCIAL MEDIA PRESENCE. MAKE SURE YOU STAY ACTIVE ON YOUR SOCIAL MEDIA AND BUILD YOUR FOLLOWING.
NETWORK & BUILD CONNECTIONS
ONE THING YOU NEED TO BE A SUCCESSFUL ENTREPRENEUR IS TO HAVE VALUABLE CONNECTIONS. BE CONSISTENT IN YOUR NETWORKING. ATTEND MEETUPS, CONFERENCES, ETC. IN ORDER TO GET CONNECTED.
EXCEED EXPECTIONS
EVERYONE LIKES TO WORK WITH SOMEONE WHO GOES ABOVE AND BEYOND. IF YOU CONSISTENTLY EXCEED THE HIGHEST EXPECTATIION, YOU WILL ESTABLISH A GREAT SUPPORT SYSTEM.
FOLLOW THROUGH
MANY ENTREPRENEURS FAIL TO FOLLOW THROUGH ON PROSPECTIVE CLIENTS, PARTNERSHIPS, ETC. DON'T WAIT FOR SOMEONE TO CONTACT YOU, BE THE ONE TO FOLLOW THROUGH AND REACH OUT FIRS.
STEP 4:
BE A RISK TAKER THE FOURTH STEP
THE NEW GENERATION ENTREPRENEUR
TAKE RISKS
THE BIGGEST RISK IS NOT TAKING ANY RISK... IN A WORLD THAT CHANGING REALLY QUICKLY, THE ONLY STRATEGY THAT IS GUARANTEED TO FAIL IS NOT TAKING RISKS." MARK ZUCKERBERG "
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Every entrepreneur has to be an expert risk taker. You must be willing to take risks. Without risks, you will never grow or expand. Some risks may be good and some may be bad. However, no matter what risks you take they will also be learning experiences for you that will help you to take your business to the next level. For without taking risks, you won't know what other opportunity may be there for you.
STEP 5:
BE A STEP AHEAD FINAL STEP
THE NEW GENERATION ENTREPRENEUR
BE A STEP AHEAD
BE FURTHER AHEAD a) Study New Trends Always be on the look out for new trends and the trends that are forthcoming. Why? You will have advantage over your competition by utilizing these trends to grow you client base and increase your brand presence. There always new social media platforms or internet avenues that are being generating. Be sure to maximize these opportunities accordingly.
One thing that today's millionaires and billionaires have in common is that they are always a step ahead than the rest. If you truly want to succeed, then you always have to be a step ahead your competition.
b) Read, Read, Read! Many people do not want to read anymore. But the more knowledge you have as a business owner, the farther ahead you will be. Read prominent magazines such as Forbes or books written by well known authors such as John Maxwell or Les Brown. The internet has plenty of articles for vast areas in entrepreneurship. There is no excuse, so get to reading!
c) Attend workshops & Webinars
Another way to be a step ahead is to attend conferences or workshops for entrepreneurs. Typically at the events, they have a lot of information for business owners to grow and gain knowledge in areas they need to focus on. Or there are TONS of experts, speakers, etc. who does free webinars on various topics. Either way, there is information out there, you just have to be open and ready to receive it!
CONCLUSION
If you want to be an entrepreneur, you can be. But just be prepared to put in the hard work. Being an entrepreneur is not easy, and that is why everyone is not meant to be an entrepreneur. Entrepreneurship has its ups and downs, but it also has its benefits. There are three things you need to have to be a successful entrepreneur: FAITH, HARD WORK and CONSISTENCY. With following the five steps that were listed and having these three attributes, you entrepreneurial journey will be a rewarding one!
CONTACT EBONY
Email: admin@Inspiredbypurposeinc.co Website: www.ebony-archer.com Facebook: www.facebook.com/ebonyarcher2 Twitter: @ebonyarcher2 Youtube www.youtube.com/ebonyarcher
ABOUT EBONY "The Inspirer"
Ebony Archer is a certified Motivational Speaker, Social Media and Business Consultant. She is also an upcoming entertainment mogul and Inspirational Recording Artist. Ebony travels the country empowering and educating entrepreneurs in various markets. Ebony Archer is now accepting new clients for her coaching programs. If you are interested in affordable coaching to take your business to the next level, contact her today.