It’s tough to be an entrepreneur. Many factors contribute to success, and it can be difficult to know where you should start. An article by Entrepreneur Magazine states that the most important qualities for entrepreneurs are creativity, courage, curiosity, determination, focus, and resourcefulness. These skills will help you take your business in any direction you want! This is the essential guide to success as an entrepreneur, thanks to Damon Becnel.
Define your Goals
Setting specific, measurable goals will keep you on track. By writing your goals down and sharing them with other people in your life–like family members or close friends–you can make sure that they are achievable!
Be Creative to Stand out from the Crowd
Successful entrepreneurs always have a unique idea or vision for their company. This is what sets their business apart from others in the industry! If you want to be an entrepreneur who succeeds, then come up with at least one original product or service that no one else has thought of before.
Create Great Content
When starting as an entrepreneur, it’s important not to focus on selling products; You should also work hard to create valuable online content, so people know about your brand. The more people who know about your business, the better!
Create a Budget for your Business
Many entrepreneurs do not realize that they need to set a budget and manage money properly if their business is successful. If you want to be an entrepreneur who succeeds, always make sure that your expenses are less than the money coming in.
Don’t Give Up Easily
It’s easy to quit when things get difficult or overwhelming–but successful entrepreneurs don’t let challenges stop them from reaching their goals. If you’ve failed at something in the past, don’t let that stop you from trying again!
Your creativity, courage, curiosity, determination, and focus will all come in handy when you’re working on your own without the help of others. You won’t have anyone telling you which direction to go or how long projects should take; So it’s up to you to find ways around problems as they arise.
Don’t Get Discouraged by Failures
Just because something doesn’t work out one way does not mean things are over for good. There may just be another solution lurking somewhere else–you just have to look for it! If at first you don’t succeed, then try again and don’t give up!
Hire Help When Needed
Many business owners mistakenly think that running a company means doing everything themselves. But the truth is, there are only so many hours in each day–and you will need to hire people who can do some of the work for you! Skillfully managing your employees and delegating tasks will help free up time for things like spending quality time with family members or promoting your brand online.
Don’t be Afraid to Ask for Assistance
Entrepreneurship requires courage, but it’s not always easy to find this within yourself when times are tough. Asking others for advice might seem difficult at first, but they may have valuable insights into how to make your business successful again. Additionally, if you’re having difficulties making ends meet financially, asking friends or
Work on your Personal Life
Many entrepreneurs make the mistake of neglecting their personal life too, focusing on business. But if you don’t take time for yourself, then you won’t have any energy left over to devote towards your company! Make sure that your days off are devoted entirely to you and your loved ones so that when business is over for the day, it’s truly over!
Don’t Discount Yourself
When we think of entrepreneurs, most people picture a man in a suit running his own company from an office building downtown. But this stereotype only makes many young women and girls believe they couldn’t possibly be entrepreneurs–after all, they don’t fit the “mold” of what a successful business owner is supposed to look like. But you shouldn’t limit yourself! Anyone can be an entrepreneur and succeed with hard work and determination.
Stay Organized and Plan Ahead
Successful entrepreneurs find ways to get organized! Making a schedule for yourself and setting goals each day is the best way to keep your business on track. You can even create a binder or folder containing all of the important information needed if you need it quickly, such as contact numbers, advertising strategies, and sales data.
Networking is Key to Success as an Entrepreneur
Many entrepreneurs mistake focusing all their energy on selling products or services–but this is a huge error. The truth is, you will have much more success if you learn how to network with others in your industry and build up a loyal client base! If possible, attend networking events, conferences, and trade shows to meet your target audience.
Don’t Forget about Social Media
Many entrepreneurs struggle with the idea of using social media because they aren’t sure how it will help their business grow. But if you are looking for a way to make new connections–or even rekindle old ones–it’s the perfect way to promote your brand and engage with customers! Just set up a profile on Facebook, Twitter, or any other social media site of your choosing and share interesting posts regularly.
It’s not an easy path, but it can be rewarding. If you’re looking for some guidance on how to start your own business and find success as a modern entrepreneur, this is the place to turn! You’ll learn about everything from getting started with entrepreneurship online to what it takes to make sure your company sticks around long-term. Get ready for advice that will help you achieve happiness in all aspects of life, work included!
This Canadian Entrepreneur Tells Us The Highs and Lows of Running A Successful Hemp Company
East of Toronto lies a Canadian hemp company called The Hemp Spot which offers over fifty plus products.
CEO and founder, Jacob Moore started the company in 2018. Moore’s interest in hemp began when he was looking for a healthier protein product that would help with recovery and pain remedy. Moore has an autoimmune disease called Ankylosing Spondylitis, which can cause some of the small bones in someone’s spine (vertebrae) to fuse. This can cause less flexibility and can result in someone having a hunched posture.
His discovery of hemp protein helped with the pain however, he realized there were not a lot of Canadian hemp products readily available. Knowing there might be others who were also suffering from joint pains or who were looking for safer, healthier options to help with recovery, Moore created The Hemp Spot.
“We are your local one-stop-shop for all things Canadian hemp. We have a variety of Canadian hemp products supplied by various Canadian hemp farmers and small Canadian hemp businesses,” said Moore.
Even though Moore found a natural product that would help many Canadians, he faced
numerous obstacles to get his business started. Banks gave Moore a hard time because of the misconceptions and stigmas surrounding hemp. Banks deemed hemp as marijuana. Although growing industrial hemp has been legal since 1998.
“When hemp was grouped in with marijuana it was declared an illegal substance. Slowly people began to ignore the benefits for the environment and for themselves. Till this day many people believe hemp is marijuana and has a high amount of THC,” said Moore.
To clarify, hemp comes from the same species of plant as cannabis however, it has lower levels of tetrahydrocannabinol (THC) compared to cannabis. The first license to grow industrial hemp for commercial purposes in Canada was issued in May 1998. Unlike its sister plant (cannabis) hemp takes around 90-120 days to grow, compared to four to eight months growth time for cannabis.
Moore continues to have problems advertising his company online because social media platforms such as Facebook bundle hemp with marijuana under their advertising regulations. As of 2019, Facebook has made some adjustments to their advertisement laws, which allows hemp companies in the U.S. to promote their businesses, as long as they’re promoting non-ingestible hemp.
“It may say hemp companies can advertise on Facebook/social media but hemp companies (in Canada) like myself are not allowed to promote, even when we try to promote our Hemp Face cloths. I’ve been flagged for selling illegal substances. I wish we were allowed to advertise however, we’re not able to,” said Moore.
Similar to advertising companies, Moore had to prove to banks that hemp was not a marijuana product. Nonetheless, Moore’s resilient spirit has allowed him to mount a thriving business and also to educate the public.
His company has helped many Canadian hemp farmers. Hemp expels four times more carbon dioxide than trees, and helps reduce greenhouse gases in the air. “We want everyone to experience hemp for all that it is; to utilize it as a food supplement, to clothe ourselves, to help transportation grow, and to help shelter families,” said Moore.
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