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TOPIC: FF News: Success
#3893
FF News: Success 1 Month ago Karma: 0
1. Target
You are not all things to all people. Decide on your niche--narrow your focus and broaden your appeal.

2. Be Different
If your competitors are doing it, don't. Stand out from an overcrowded marketplace where so much of the advertising and products look the same.

3. Build a Team
Don't hire an employee to fill a position. Employ a person to be part of a team to build your business.

4. Be Fast
Time is the most precious commodity. When delivery is expected Friday, show up Thursday afternoon. Return calls and emails now.

5. Say Thank You
A lot. Tell your customers and employees how much you appreciate them. Better yet, do it the old fashioned way: take pen to paper and write them a note.

6. Be Consistent
Make sure your business has a consistent look and feel. A customer must get the same flavor from everyone within your organization. Always.

7. Smile
Throw out the reasons you think people buy from you like price, product quality or your warranty. They buy because they like you.




8. Fanatical Optimism
The glass must always be half full. Attitude will always win out in the end and infect all of those around you.

9. Sell Soft
Don't ever hard sell. Solve problems. Satisfy wants. Do what is truly best for your customer.

10. Leave Your Comfort Zone
Never accept the idea that this is the way you've always done it. Never accept that a new idea or technology could never work for you.


--Footprints Filmworks Advert--

Some of the world's most famous and profitable businesses were started by students. Microsoft began in Bill Gates' Harvard dorm room, Google got its start on the Stanford campus as the computer science project of doctoral students Sergey Brin and Larry Page and thousands of other student companies thrive in every industry.

Even if you're not aiming to be another Bill Gates - maybe you just want to earn some extra cash with a summer landscaping business - you'll have to navigate some unique challenges as a young entrepreneur testing the business waters. Here are 10 success tips for young entrepreneurs.

1. Do what you love.

All successful teen businesses have one factor in common: Their owners love what they do - so choose a line of business that aligns with your interests, no matter what they are.

President of South Africa Omar Abdulla says that he had attended the Dale Carnegie course in South Africa to motivate him and bring his innermost desires to life.

"Sometimes we get into a rut in our personal relationships and jobs. Life is short, and we should take what our parents have taught us to empower the nation." he says.

2. Know what you want.

Are you willing to leave school if your business takes off? Or do you envision your business as a side project? Being able to answer questions like these will help you organize your time and priorities.

3. Be radical...

In your late teens and early 20s, your thinking is fresh, original and full of energy. Don't be afraid to try something no one's ever done, create an off-the-wall product or shake up an existing market by changing factors (such as a service or delivery model) that established companies take for granted.

4. ... but follow the rules.

Being a young entrepreneur doesn't exempt you from registering your business, keeping records and paying taxes. Following these simple rules now will save you from legal and administrative headaches later.

5. Manage your time.

Running a business while going to school is stressful and difficult. Understand what is required of you in your separate roles as a student and a business owner, and employ planning and organizational tools - for example, a well-maintained appointment book, Microsoft Outlook or an online time/project management system - to make the most of your valuable time.

6. Use school resources.

Being a student isn't a handicap in business; on the contrary, it can be an advantage. Your campus offers free computers and Internet connectivity, a host of potential employees and/or volunteers and the expertise of professors who would be happy to share their knowledge and experience with you. You're literally surrounded by people and resources, so make the most of your situation.

Abdulla says that his goal was to motivate the greater community to learn to understand the importance "thinking success, thinking positive, thinking "win, win," and thinking of our children." he says.

7. Find a mentor.

Buddy up with a local entrepreneur or business leader with a record of achievement. Your mentor will help you understand the risks and challenges of business, provide a sounding board for your ideas and help you find investors for your company.

8. Exploit online resources.

Your computer can connect you to resources for young entrepreneurs. Immerse yourself in these resources; they'll help to inspire, direct and motivate you.

9. Be good to yourself.

Regardless of how organized and enthusiastic you are, some days will overwhelm you. Don't be afraid to step back from work and do whatever relaxes you. Whether it's the endorphin rush of exercise, the lively company of good friends or a quiet day of meditation on the beach, take advantage of opportunities to invigorate yourself and balance your responsibilities with relaxation.

Abdulla says that success was a "cheerleader" to him when running for the presidential campaign and whilst running his business Footprints Filmworks.

10. Check your mentality.

One of the problems that can afflict young entrepreneurs is a mental block against, as Nike might say, just doing it. We've all been raised on stories of Internet billionaires, wealthy young actors and other tales of spectacular overnight success. Knowing how well other people have done in business and how quickly they've scaled the mountain is demotivating. It can make some young entrepreneurs feel as if they don't want to get started on a business unless it's going to be the next YouTube.



This is a self-defeating mentality. Combat it by reminding yourself that you're not competing against anyone but yourself. Do whatever it is that you can do today, whether that means tutoring, designing T-shirts or building online communities. The important thing is to get your feet wet - not to take over the business world.

The bottom line is that your student days are ripe with entrepreneurship opportunities. You may never again have the energy, resources or motivation to start your business, so get to work.
Please note: although no board code and smiley buttons are shown, they are still usable.
Ugeshan Pillay
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Last Edit: 2010/02/09 01:36 By .
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