If you’re launching a new business, then you know that most startups fail. How many? Well, the jury is still out on the exact statistics, but one thing is for sure: if you want your business to succeed, you have to put the effort into it. But there’s more to success than that. Follow these tips from successful entrepreneurs to point you in the right direction.
Design the Right Product for the Right Market
If you’re going to spend your time making a product, then spend your time making sure it’s the right product for the right market. – Neil Patel
Neil Patel is a digital marketer and founder of KISSmetrics, Crazy Egg, and Quick Sprout. In a Forbes article, Patel points out that if you want your business to succeed, you have to place the right product in the right market. In fact, launching a product the market doesn’t need is the number one reason startups fail. Want to succeed? Find a hole in the market, and fill it.
Don’t Be Afraid To Push Boundaries
“You don’t learn to walk by following rules. You learn by doing and falling over.” – Richard Branson
The Virgin Group founder has offered a great deal of business advice over the years, but this quote is golden. If you want to succeed, try what no one has tried before. You might fail, but you also might end up with something great.
Set Your Sights High
“High expectations are the key to everything.” – Sam Walton
If you’re going to take business success advice from anyone, it might as well be the founder of the mega giant Wal-mart. Sam Walton’s key to success? Setting high expectations for yourself. If you know where you want to go and won’t accept failure, you’re on the path to getting there.
Love What You Do
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs
By the time he passed away in 2011, it seems Apple’s co-founder had life–and business–all figured out. He has left many success quotes with us to ponder, but one thing that he made sure we remembered was that he loved his job. Without a passion for what you’re doing, you’re going to easily get burnt out, and successful entrepreneurs can’t work that way.
Lead With Confidence
“Don’t be afraid to assert yourself, have confidence in your abilities and don’t let the bastards get you down.” – Michael Bloomberg
Founder of Bloomberg L.P., Michael Bloomberg offers some great insight. If you launch your business unsure if it will succeed or not, you’re setting yourself up for failure. The right attitude is where success starts, and if others are bringing you down, you have to shut up the naysayers and prove them wrong.
Want your business to succeed? It’s not all about the funding and marketing. It’s about you and where you decide to take your business. What’s your favorite quote about entrepreneurial success?