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Successful Enterpreneurship

 

            To be successful, you must have an interest that you can carry out or see all the way through. It becomes easier to maintain momentum or persevere through tough times when you're doing something you love and have a strong passion for. It is through that particular interest or passion in which you will devise a vision statement that directly correlates. "This vision must be strong enough that he/she can communicate it to investors and employees" - smallbusiness.chron.com. Although passion and a clear vision goes a long way in determining the success or failure of your business, it remains imperative to have the requisite skill to carry out that vision. When starting out, employees will be scarce; ultimately forcing you to wear a variety of hats and perform a multitude of functions.
             Investment is key and it starts with you. Investing doesn't necessarily have to be money you put forth or help raise to infuse into your business, but simply the time and effort that give in trying to be as successful as possible. For others to invest into your product you must first show that you're fully invested in order for them to feel comfortable and take that leap of faith. "An entrepreneur who will not or cannot invest in her company cannot expect others to do so and cannot expect it to succeed" - smallbusiness.chron.com. Investors may expect reciprocation with interest of funds, or perhaps even contribute in social investing in which they receive no monetary return but the impact will be felt the through environmental or future economic benefits of their investment.
             When it comes to entrepreneurship, you're only as good as the people you surround yourself with. "While many new businesses start as a one-man show, successful entrepreneurship is characterized by quick and stable growth" - smallbusiness.chron.com. The best entrepreneurs are detail oriented and pay very close attention to the inner workings of their business.


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