Three business habits the neophyte entrepreneur must develop

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The world of entrepreneurship is highly competitive and anyone who wishes to successfully overcome the challenges of this environment should not only adapt to its ever-changing trends but should also possess the most critical skills in the business.

 

However, most people believe that these skills are innate and one who isn’t born with them can no longer have the chance to make it big in the market world. Nonetheless, whether this claim is true or not, experts have suggested that developing the right habits can be a better and more efficient alternative. So how do we define the best practices that make a successful businessman?

 

If you are a neophyte entrepreneur, the demand in skills and talent can be intimidating. However, developing the following business habits can guarantee you a great start on the first stages of your business ventures:

 

  1. Setting daily productivity goals.

Focusing on being productive every day is a habit that young businessmen should have. It’s important to realize the value of being able to accomplish even just simple goals from one’s to-do list. Remember, no goal is big or small if you just have to right attitude.

 

  1. Developing an eye for details.

Pay attention to everything that you encounter every day. This habit of focusing on the present and concentrating on the details of any activity that you’re engaged in is an effective way to develop a range of critical business skills such.

 

  1. Practicing your mental reflexes.

Having the ability to think quickly and respond to a dynamic environment can be honed through the habit of continuous practice and keen observation. For someone to successfully run a business in a competitive market, being nimble and making instantaneous but wise decisions can make a huge difference.

 

REPOST: Female angels need to give women entrepreneurs wings

Fewer women invest in businesses than their male counterparts, and this is probably the main reason why many female-led, women-focused enterprises do not get enough funding that they otherwise deserve. Here’s an article from The Telegraph to discuss this issue in more detail:

 

CREDIT: NEUSTOCKIMAGES

Female-run businesses are failing to raise the money they need to succeed, says Kirsty Grant, the investment director of Seedrs, one of the biggest crowdfunding platforms in the UK, and it is all because of a shortage of female angels.

 

“There’s a lack of women investors coming through,” Grant says. “If female-led businesses aren’t getting funding, we’re missing out on some potentially great businesses. Not just female-led ventures but, crucially, female-focused ones.”

 

One recent Seedrs campaign that fell short of its funding target was Evarae, a line of high-end swimwear, created by a former Topshop designer.

 

“It was a beautiful campaign but it couldn’t get across the line,” Grant says. “Research shows women aren’t investing money anywhere. They are holding funds in cash and sometimes property but very few are investing in stocks and shares.

 

“Yet when a female VC backs a female-led start-up it is 21pc more likely to succeed.”  Hayley Wells, a 24-year-old Coca Cola executive, bucks the trend. She invested in Evarae’s Seedrs campaign and was surprised when it did not make its target.

 

“I felt that men didn’t get the opportunity,” she says. “But because I back businesses that I like and understand, I saw the potential.”

 

Read the full story HERE.