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Becoming an entrepreneur is a scary thought for many. Certainly, the skills needed to navigate the unpredictability and high-risks involved in entrepreneurship don’t come easy for everyone. However, some embrace the uncertainty that becoming an entrepreneur poses and work hard at succeeding in their endeavours. The world has numerous examples of such entrepreneurs, many of whom had to consider some of the following tips to get to where they are today. 

Identify the Right Idea or Problem to Solve 

Entrepreneurship is a broad field, and people can be entrepreneurs in many different areas. However, it is those who focus on a specific idea or problem and are truly passionate about it that start to discover how to achieve success. Indeed, the strongest fuel that pushes entrepreneurs to go beyond the call of duty is a personal connection to what they do. Regardless of the idea, they feel they have no choice but to undertake the business they’re in, which motivates them through even the toughest of days.  

Aim to Create Value 

There are many reasons for pursuing entrepreneurship, from wanting a flexible schedule to having passion for a particular product or idea. While these are good reasons, they should not be the entrepreneur’s focus. Making money and being your own boss are the results of the process. This is far different from the purpose of entrepreneurship, which is to create value. Michael Akkawi, an experienced property developer, knows that entrepreneurs who focus on creating value are far more efficient in their tasks and successful at accomplishing their goals. 

Entrepreneurs who adopt this mindset know that clients appreciate businesses that add value to their lives. It’s also a trait common among successful entrepreneurs and the people whose contributions have significantly impacted people’s lives. 

Build Connections 

Some entrepreneurship experts advise against going it alone and advocate that people who start businesses should have a co-founder. The reasons for doing this vary, but primary among them is the complementary skills that co-founders can bring and the fact that healthy debates between partners lead to better outcomes. 

However, if having a co-founder is not feasible, consider building a network of connections, advisors, mentors and possible investors as early as possible. Certainly, an entrepreneur will need all the help they can get in building their business, so it helps to have a robust network to call upon. 

Plan for Success 

As the adage goes, not having a plan is planning to fail. Having a plan provides the clarity and focus required to turn a business idea into reality.