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7 Things to bear in mind when becoming an entrepreneur.

1. Enjoy the challenge

up your own business will be a challenge and that’s how it should be. If you don’t wake up each morning eager to face today’s adventure, then life will soon descend into a pit of tedium and instead of excitement you’ll spend your time wondering what to have for tea.

2. Show your passion

Focusing on your goal, keeping it in the forefront of your mind keeps your vision alive. When you have passion for your project it shows. Other people can see your sincerity. It was Henry Ford who said “Whether you think you can or you think you can’t, you’re right”.

3. Keep track

Keep notes of all you do within reason. When things go wrong or if you are an optimist when life offers you a test, you’ll have the big picture in front of you enabling you to pinpoint where you could have chosen a different direction.

4. Listen and learn

Talk to your customers, encourage friendly criticism, and treat any complaints as an opportunity to improve rather than a comment on your failures.

5. Good company

A man is judged by the company he keeps. Your colleagues can raise or lower your standards and ambitions. When choosing staff don’t just see the masters degree. Ask yourself “Will this person work with me to raise my game? Do they have the drive to push forward?” Any negativity in a workplace can significantly impede thinking.

6. Be financially aware

There will always be financial restrictions. Stick well within your boundaries as money worries can have an exaggerated effect on your mental balance. Learn as much as possible about your chosen industry. Is it always necessary to pay for such and such? The final product though should look as if no expense was spared in its creation.

7. Know yourself

It’s important to know yourself. There’s no point trying to work when you’re too tired to concentrate. When are your peak hours? Mine are between 6 and 8 in the morning so that’s when I tackle the most cerebral tasks then later on when I start to flag, I can churn out the monotonous paperwork.