Tips from New Generation Entrepreneur

This blog is a must read for all the budding entrepreneurs or those looking at starting a new start-up!

“Never dream of becoming something, if you dream, dream of doing something.”

Mr. Praveen Thakur, one of the best entrepreneurs in Patna is majorly inspired by these words from
Prime Minister Namenda Mod i- This has also been the foundation for India’s ambitious startup campaign
— Startup India, Standup India.

Read on a few tips from one of the best entrepreneurs in Delhi who is also a business mentor and a
business consultant.

1. “As entrepreneurs we should walk our talk.”

If you’ve made a promise, you stick to it with your life. Either it’s the value you promised to your customer
or the commitments you have made with your partners and other stakeholders — do not break them. Being
on leader, every word you say comes with a possibility of either making or breaking your startup’s image
and credibility.

“Remember to Set goals”

To become successful, entrepreneurs have to determine goals and find ways to achieve goals. There

could be short term and long term objectives depending on the industry trends. Achieving goals is an art

that entrepreneurs develop with training.

2. “You need to locate a market.”

A person has entrepreneurial skills but he can’t make any progress in business until he is able to find
a niche market for his product or service. He could be an enthusiast but it is difficult to make any headway
in a new venture without choosing a niche market.

3. “Have that vision”

A person could have skills but the vision is needed for starting a business. For vision, entrepreneurs need
information. If you are looking to start a financial planning firm, there are many studies and reports on
financial planning sector. These reports give vision and the power to see beyond the horizon.

4. “Motivation is needed to achieve objectives.”

There could be obstacles that entrepreneurs need clearing. But motivation is needed for walking through
those obstacles. Self-motivation is also needed to support team members.

So these were few things that as a start up or as a budding entrepreneur you need to carve a niche in this
competitive world.