PRINCIPLES OF SUCCESS EVERY ENTREPRENEUR NEEDS TO FOLLOW

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.

  1. 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?


  1. 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 GST softwareGST Return FilingGST RegistrationSection 8 company registrationNidhi company registrationIEC registration.


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