The astronomical figures as income of many successful entrepreneurs inspire all of us. Many of you make entrepreneurship your ideal way to make money just because those giants managed to earn. However, you might not have achieved the desired success in your business just like those successful entrepreneurs such as Mark Zuckerberg, Brian Bonar, Elon Musk, and others have achieved. What you don’t consider is how these tycoons plan their success.
This article discusses crucial ideas for achieving success as an entrepreneur this year. These ideas are found common in the strategy of most successful businessmen.
Explore your passion
Knowing your passion for entrepreneurship is of utmost importance. People start those businesses by following others. This is a mistake. Because the company should be according to your passion and not others, for instance, if you have started genetic testing services just because Mr. Brian Bonar found his fortune out of it, it doesn’t mean it will provide you the same results. The business demands your heart and soul, and if you are not genuinely interested in that thing, you are wasting your investment in the wrong place.
Instead, find out about yourself what you are passionately in love about. Maybe, you like going to parties to become successful in event management because you will be dedicated to this thing because of your passion involved in it.
Find a mentor
The company matters the most. You need to cut off the friends who waste your time. Instead, look for someone who is a master in the business like yours. Try to connect to him. If you get a few minutes of meeting with that person frequently, you will learn valuable insight related to your work. These days it is too easy to find a specialist online. But for instance, if you manage to meet Brian Bonar face to face, even for a few minutes, he can give you valuable insight into how to chase your dream.
Set SMART goals
Before carrying on with your business, you must define your goals and want to achieve. It will give you direction. SMART goals are the best way to set your path. SMART is an acronym of Specific, Measurable, Attainable, Relevant, and Time-bound.
Specific defines as your goals should be clear in your mind; Measurable refers to the plans in figure quantity. For instance, Brian Bonar has mentioned that his business reports a 506% increase in revenue. The idea is to quantify your goals.
Attainable goals mean that goals should be realistically possible, and Relevance has to do with goals according to you. Time-bound goals mean there should be deadlines for your goals. It helps you to track your performance.
Make most of the social media
It would be best if you targeted a specific audience for your business. Social media is the best place to connect with your audience. If your business needs clients like CEOs or other management people, LinkedIn is the place for you. If your target audience is adults, you can find them on Facebook, Insta, and others. Make sure to engage with the clients as much as possible, like Brian Bonar has a digital presence on all platforms to connect with the clients.
Follow the market trends
Knowledge of the current market trends will set you apart. It is essential to be updated about the trends to take the lead in the market and set your strategy accordingly.
“Jab, Jab, Jab, Hook Punch!”
This is a strategy coined by Gary Vaynerchuk that emphasizes giving value to your client. Each jab is the value you give your client, and hook punch’ refers to your desired result: money. According to this strategy, you must focus on providing value rather than making money. Your success depends upon how much value you give to the client.
Every successful businessman like Brian Bonar imagines themselves on a journey, and you can not reach anywhere on your journey if your destination is not defined at all. These are basic ideas, but ignoring them fails to achieve your destination. However, if you follow these ideas, success becomes easy for you.