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Ten tips to create your own business

Looking for a professional career that allows you to identify and strengthen skills and abilities, is the first step that most of the students who have just graduated from secondary school in the country take the first step, the second is related to finding a job, passing resumes, waiting for calls and applying to calls to start working life. This, for years had been the route of the Colombians.

 

1. Identify the need . The winning services or products always start from a need. Before thinking about what line of business can be located, it is worth reviewing what is missing in the market to be covered.

2. Study the market . Knowing the market will help the entrepreneur to provide a much better finished product and more specific in terms of satisfying the needs of customers. But above all, it will help you to think about an added value that becomes a differentiator.

3. Take risks . Every project is risky simply because there is the possibility of losing or earning money. Dare to break with the structures. Do not be afraid to leave the established business models behind, be encouraged to innovate.

4. Do not be afraid of failure . Many educators focus on skills and often punish young people when they make mistakes. The fear of being wrong causes people to limit their creative processes. Many successful products are in the market as a result of an error. We must learn by acting!

5. Review and keep track of the figures . The company that endures has a strict control of the figures, costs, investments, inventories and all its financial statements, which allows it to take timely and convenient decisions.

6. Create networks (networking) : Networking is the art of establishing and knowing how to maintain relationships, build trust, friends and referrals. Only with this success is assured. This is the most effective tool to increase our business and achieve any goal that is proposed.

7. Find a mentor . It is important to get in touch with people who have achieved what you want, or to study cases of successful entrepreneurs.

8. Update your knowledge . Knowledge gives power and always allows an entrepreneur to act promptly and effectively. Therefore, we should never leave our knowledge aside, we should always be updating what we know.

9. Apply the new technologies. The globalized world demands that companies remain connected with customers, suppliers, competitors, financiers and other market players, the use of new technologies is indispensable.

10. Prepare for difficult times. The early successes should not be an excuse to think that everything is done or to think that it will always be like that. You must be prepared for times of crisis.

 

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