13 February, 2017
If there is one thing that you need most in doing business, it’s passion. Keeping the fire burning will surely help you push through with whatever plans you have in mind. Although it is good in many ways, it can also be dangerous. Passion has to be used the right way so it will translate to a more successful business idea. Here are some of the best tips possible for young and passionate entrepreneurs who want to do well in business.
1. Start with a goal and keep your eyes on it
If you want your business ideas to go the distance, make sure that you have an objective. Keep your eyes on achieving these objectives and don’t get sidetracked. If you are young and passionate, you are also filled with ideas. Trimming things down to just focus on what you want can be difficult at times. You want to do a lot of things at once. In the end, you do nothing. Make sure to just focus on one thing and do it perfectly.
2. Do what you want
This is the problem with some passionate entrepreneurs. They always think about money and profit. Although it is good to keep your eyes on the price, this should not be your main motivation in starting a business. It is important that you should start by identifying what it is that you really love doing. It would be better to do something that you are passionate of instead of doing it for money.
Sean Hopwood, President of Day Translations is passionate about languages. Many people said he was crazy to leave his day job and set up his own human translation service. But with an iron will to dedicate his business to his passion, the profits soon came pouring in.
3. Understand that no one will give you money at first
As someone who is really passionate about something, your mind might be clouded with tons of ideas. You want to do a lot of things at once and when you start counting the cost for your ideas, it becomes totally expensive. You have to understand that when you are still starting, no one will notice you. They will never give you money. This is why you have to scale things down. Find ways to focus on what is manageable at an early stage. Prove your worth and eventually, it will translate into a bigger and better business.
4. Stay healthy
You might be tempted to work really hard and even work overtime because you want to get things done. There is nothing wrong in being hard working especially if it is for the success of your business. However, you have to understand that you can only do things for your business if you are healthy. The moment your health is affected because you don’t take care of yourself, you end up not doing anything. Don’t wait until you become ill before you change your habits. Sleep early, eat healthy and stay fit.
5. Avoid exaggeration
At first, you are filled with fire and you just want to say whatever you need to say to impress clients and make them invest in your business. There is nothing wrong in selling your ideas just to get what you want. However, make sure that you don’t exaggerate. If you sell beyond what you can actually do, this will boomerang and end up affecting you. Take note that your reputation is at stake when you sell yourself. The moment you fail to walk the talk, it would be difficult for others to trust in you again.
6. Always integrate yourself in the community
The reason why a lot of business owners fail is because they always keep themselves apart from their clients. If you want to do well, you need to relate to your customers. You have to understand what they want. Put yourself in their shoes. The moment you understand what exactly it is that they need, you can easily come up with ideas that best serve their interest. Join discussions in social media. Respond to your clients’ queries. Call potential clients and introduce yourself well. This is how you maintain a good position in the community.
7. Learn when it is time to call it quits
You always have to believe in yourself and your ability to reach your goals. There are instances however, in which even if you try your hardest, you just can’t make it. At this point, it is perhaps best if you learn to call it quits. This might be a way of giving up, but it is also another way of saying that you are open to new ideas and opportunities. As long as you have done your best before calling it quits, it should be good enough.
Again, passion is a double-edged sword. Make use of it well and it could lead to a successful business. Otherwise, it could drown you in goals that remain unfulfilled.
Bernadine Racoma is a senior content writer at Day Translations, a human translation services company. After her long stint as an international civil servant, she has aggressively pursued her interest in writing and research. Like her poetry, she writes everything from the heart, and she treats each written piece, a work of art. She loves dogs.