Building a business is challenging, yet rewarding. However, all the glamour and passion depicted of entrepreneurship is quite contrary to struggle behind it. It’s central to highlight all the experience-based learning that comes with starting your own business at a very young age. There are very few career paths that require the same amount of sacrifice and commitment that can also be so enriching at the same time. While one can’t predict the factors that amount to becoming a successful entrepreneur, there are things you learn on the job as effects of trial and errors. Having started my business at the age of 23, sharing seven lessons I gathered along the journey.
Service is Key
Providing consistency in your offerings goes a long way. Back-end functioning of management processes and outstanding after sales service will ensure repeat orders/buyers etc. Innovating and upgrading your skill in trend with the market shows that you value your customers and constantly aim at meeting their needs.
These are people you invest time and effort, hence it’s important to hire those who share the businesses goals, values, and vision. The learning has been to invest 40% of the billable hours in simplifying processes and training the team. The ROI here can directly lead to increased profits for the business. The right team is an asset especially in the early stages of your business.
Rejection is Alright
Not all customers in your target group will adapt to your mindset or believe in your product/service, which is perfectly alright.