5 Simple Rules to Succeed as an Entrepreneur

  • The top motivation for someone to open a business is that they’re ready to become their own boss.
  • 69% of entrepreneurs start their business at home.
  • $10,000 is the average startup capital.
  • 82% of startup funds come from the entrepreneur or their family and friends.
  • Having a clear vision for what you want out of life and aligning your personal and professional goals around that.
  • Having a market that’s readily in demand for what you have to offer.
  • Discipline for your craft. As the saying goes, “Practice makes perfect.”
  • Being able to embrace failure as part of success and to keep learning.

Know What You Do Best

Know Your Customers

Surround Yourself with the Best

Do Work You Love

  • You won’t just be working for vacations or weekends.
  • You will have a greater purpose than just making money.
  • The money will absolutely follow.
  • You won’t feel like you’re just stuck doing chores you hate.
  • You won’t half-ass your work.
  • You will want to add real value to your target customers.

Keep Learning

  • You are more approachable.
  • You begin to look at how you can position your offering around your target customers’ needs and challenges rather than just serving your own.
  • You are up-to-date on trends within your own industry and can be steadfast with changes.
  • You build your knowledge base and can apply that to your own business.

Final Thoughts

Entrepreneur. Raising a business and babies. Avid blogger. Digital marketing enthusiast. Love to get shit done. Learn more: suttida.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

7 Steps in which I launched my Online Business + 1 bonus tip!

Q&A with Health Expert & Entrepreneur, Melissa Eboli

Get involved in Derby’s first Startup Weekend

KEYS OF SUCCESS FOR AN ENTREPRENEURSHIP inspired by Starbucks

Becoming the world’s 1%

Corporate Finance: Adequate Budget for the Project

Best Coliving Communities in San Francisco — Coliving

Starting a business in Istanbul in 2019

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Suttida

Suttida

Entrepreneur. Raising a business and babies. Avid blogger. Digital marketing enthusiast. Love to get shit done. Learn more: suttida.com

More from Medium

The Business of You

From BROKE to MILLIONS, 6 Business Books Will Get You There.

Three Clicks and You’re Home: 8 Entrepreneurial Lessons We Can Learn from Dorothy

10+ Popular Side Hustles: How to Make Money Outside of Your Day Job