10 Do’s & Don'ts for Aspiring Entrepreneurs

by / ⠀Startup Advice / July 14, 2009

Do:

1. Start something, a blog, a website, a group, anything. Action is what counts so, take action, even if its not a very significant progress towards your business, this step would get the ball rolling. Try it.

2. Get rid of all your debts. This is very important, you don’t want to be in debt while you start your business because you’ll have many things to worry about in your business and you might very well need occasional credit card swipes to support your business so the last thing you need to hear is a call from your bank or collection…

3. Solve a problem. To find out what business, look at the current players and their services, interview a few customers and identify a problem or issue with current product and service. Then, solve it.

4. KISS – Keep it simple, stupid. No matter what you do, nothing beats simple, be it a business plan or an email communication or anything in between. Staying simple would make you far more efficient and save a lot of time, headache and money too.

5. Network. Talk to anyone and everyone, tell them about your business when they ask what you do, soon you’ll master your business pitch and be connected to lots of people, you never know who you’ll bump into?

Don’t:

6. Buy another $1.99 get rich quick report or that $195 worth 6 DVD program to financial freedom or any other get rich overnight program… You’ve better odds winning a Russian roulette.

7. Wait for the perfect time, it’s an illusion. Tell me about one thing you did in perfect time…Perfect timing doesn’t exist. It’s either now or never. What’s your pick?

8. Hire friends unless they are equally (if not more) excited and motivated for the business. Enough said.

9. Try to do it all by yourself. No one can. So learn the art of delegation and outsourcing.

10. Fall in love with your idea. This one is the most important because you don’t want to blindfold yourselves to the feasibility part of the business. A business in order to be profitable has to be feasible and sustainable.

Devesh Dwivedi is a successful Business Consultant in NYC. He is the Founder of “Breaking The 9 to 5 Jail” a support group for aspiring entrepreneurs, Devesh truly enjoys working with the members because he loves the energy, excitement, creativity and enthusiasm around startups. In his spare time Devesh enjoys blogging, cooking, traveling, and golfing (although not necessarily in that order)… For more info: http://BreakingThe9to5Jail.com

About The Author

Matt

Matt Wilson is Co-Founder of Under30Experiences, a travel company for young people ages 21-35. He is the original Co-founder of Under30CEO (Acquired 2016). Matt is the Host of the Live Different Podcast and has 50+ Five Star iTunes Ratings on Health, Fitness, Business and Travel. He brings a unique, uncensored approach to his interviews and writing. His work is published on Under30CEO.com, Forbes, Inc. Magazine, Huffington Post, Reuters, and many others. Matt hosts yoga and fitness retreats in his free time and buys all his food from an organic farm in the jungle of Costa Rica where he lives. He is a shareholder of the Green Bay Packers.

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