Randomly taken decisions can't go anywhere in the entrepreneurial world. Avneet Singh tells you how one can become a successful entrepreneur in the long run
The effects of lockdownis subsiding as unlock 1.0 guidelines surrounded the nation’s population. Businesses have started regenerating opportunities in the market, with a flash memory of stake downfalls due to the pandemic. Market is in its evolving stage and the entrepreneurs having a deep sense of dealing with such circumstances, can sustain. Here comes the role of effective management planned by a smart entrepreneur.
Tips and guidelines are already available on different sites, explaining how to be a good entrepreneur but things do not work by just learning to master the art of being one. Rather we need to practise it whenever needed. And there can be no better time than this. The COVID-19 outbreak and the prolonged lockdown trembled many ambitions and powers. But those who were able to handle it with ease, have successfully sustained in the market.
Entrepreneur is not merely a linguistic distinction used to differentiate from a businessman, but more like a desire to be that one day by believing in his own ideas, their execution without fearing of the risks.
Where passion is the seed of a startup, perseverance develops the final fruit with the help of right attitude and pro-activeness. Even diligent work requires smart efforts. Here pro-activeness straightly refers to the ability to work like an incredible brainy person because you are not an officious one-eyed clerk or something.
We are constantly equipped with multiple ideaswhich needs to be executed as per our thoughts. This is where decision making comes into play. Randomly taken decisions can’t go anywhere in the entrepreneurial world. One have to get into the shoes of a strategist in order to prepare a defined road map before taking any decision.
Informative business models, not only reduces the stress factor but also helps in listening to your intuitions. Nobody follows a leader who's unable to take wise decisions. Confident personalities are only a by product of their choices made on right moment of time.
Timing is the only parameter which filters out the best choices from the rest ones. The greatest business models can fail if not takenon right time. Considering the current unforeseen situation of the market, even business tycoons suffered from the economical tremors, but many of them revived by taking advantage of their well developed plans executed on the right timing.
Your plans can yield favorable results only if taken on appropriate time. The right moment to invest your abilities can be subjective depending upon your own ideology in dealing with your business model.
The entrepreneurial world is full of uncertainties. By spending quality hours in knowing the nature of market helps in increasing your experiential learning associated with it.
Knowing further your target audience and competitorshelps in defining goal oriented objectives for your business. Though risks factors will always stay charged to hinder your journey, but by learning to manage them you can better decide which ones are worth taking and which aren't.
It is easy to be an entrepreneur, but if you want to be an established and successful one, then you need to start trusting your skills before entering the giant market. Only the persistent ones can sell and stand up for their ideas.
The writer is Founder, Medusa Beverages Pvt Ltd
