We are so fascinated at how some people have managed to become successful in their own fields. And most often than not, we envision ourselves to become just like them. But more than seeing the glitter and glamour of these successful entrepreneurs, they had to endure so many things, including having to sacrifice a lot just to be where exactly where they are now.
Some of them may have started young as they may be continuing the legacy that their family has established for so many years. Lucky for them since they no longer need to try to find their way into the market. However, as times change, people change, too. And to have a brilliant mind, a positive perspective backed by great people, to maintain in the spotlight would be easier.
What makes an entrepreneur remarkably successful?
There is no such thing as an overnight success. If that were true, then probably, they have gotten themselves involved with something illegal. So, we focus on things that are legal and sustainable.
As entrepreneurs, whatever kind of business that we put up becomes our life. And it comes to a point when it is almost impossible to be away from our business because it is something that we need in order to primarily sustain the needs of our family. Well, some millennials have made their mark in the industry simply because they took time to know what they are getting into and not just by merely starting up with something without any thought.
1. Every entrepreneur needs to have faith that he can make it. Of course, there is the reality that in starting the business, you need to be financially, emotionally and physically prepared. Once you have set your heart and mind into something, you dedicate your time to pursuing your dream.
2. Great entrepreneurs take some time to look into the market and check which products and services are in demand. There are “fad products” in which some entrepreneurs would be creating their own versions of and hope that it could help increase their revenues. Nothing wrong there, but, it would be better to not just focus on a particular product which has a tendency to just fade out in time.
The demand for a particular product or service must be high if you want to stay in business. Think of something that is truly needed by the people not for just a single time only, but something that they will purchase every so often. That is why putting up a food business is an example of a sustainable business. However, you need to know where you should rightfully place your location and that the kind of food that you serve can truly tickle the taste buds of your customers that would encourage them to come back and even refer it to their friends.
3. Hone your skills and ability so that you may be able to provide exceptional products and services to your customers. There are so many businesses that offer the same things. So, how can you penetrate the market? Pull up some great strategies so you can be easily noticed by the public. Emphasize what difference you can provide your customers. Let whatever you offer to be worth every centavo that your customers pay for.
4. Be patient with your business. As mentioned earlier, there is no such thing as an overnight success. It takes years of experience before you can say that you have truly made it. And that is all because of all the different circumstances that you have come across with which helped you see things in a different perspective in you were able to turn your business around positively.
5. Entrepreneurs have a heart for the people who have been loyal to them. The success of the business is not just only because of the owner. Realize that a company cannot be run with just a single person. With a great teamwork, positive things are bound to happen.
6. Being thankful to the loyal customers by giving them some perks is a way of retaining these people. Customers always want to feel special. And when a business provides them with that, customers retain their loyalty. How do you make your customers stay? For sure, you know how a perks card work. It is not just a plastic card for nothing. Imagine how much one person enjoys shopping and be able to earn points each time he/she shops and can be able to convert the points to cash which he/she can use on his/her future purchases. That is just one way of showing your appreciation to your customers’ continuous support.
A successful business is the fruit of a very patient entrepreneur. The willingness to be at his best even in worse times is what makes him the best version of himself that reflects on how he handles his business.
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You may contact Armando “Butz” Bartolome for questions and more information.
By email: aob@gmb.ph
FB Page: Armando Bartolome
Linkedin: https://www.linkedin.com/in/franguru/
Website: https://www.gmb.ph
