As the business world becomes savvier, so must new entrepreneurs.
19 Oct, 2017FORBES.COM
As the business world becomes savvier, so must new entrepreneurs. They must be nimble in their attempts to integrate new technology and focus on expanding the world of mobile commerce. With a whopping 7.7 billion mobile connections and growing, according to a report by Boomtrain, reaching this customer base is critical to a new entrepreneur’s success.
In addition, an entrepreneur must realize the value of change and be flexible in their ability to move with the times and the demands of their customer base. Here are seven ways entrepreneurs can find success in today’s modern business world.
In order to succeed in today's business climate, it is vitally important that entrepreneurs deeply understand the power of value. Value is the only tried-and-true global currency which is unanimously compensated for in financial capital, i.e. dollars. By understanding the multidimensional nuances of the term “value,” your entrepreneurial career will inherently be 10 steps ahead. - Robert Knowles, Spruce & Norton, LLC
It's crucial to pay attention to the emotional needs of the lowest on the totem pole. The receptionists, analysts and secretaries may not have titles starting with the letter "C," but they are gatekeepers and influencers. Treat them kindly as humans and you'll be rewarded. Treat them poorly and beware. - Kevin Tao, NeuEve, LLC
Entrepreneurs need to never never stop learning or embracing change. The world moves too fast -- by the time you have learned something it is outdated and you have to learn the new version or you risk becoming a dinosaur. - Kevin Bretthauer, FuelCloud Inc.
Entrepreneurs need to be listening more than they are talking. When we listen to the needs of both our staff and our clients, we are better able to adjust to ever-changing market conditions. - Hajmil Carr, TrueLine Publishing
Take action and try each new marketing channel in the early phases. My businesses have seen the biggest jumps in growth when I discovered new ways to generate revenue and sales compounded. I was quick to try Facebook ads, then influencer marketing on Facebook and Instagram, and that allowed me to get amazing results before it became saturated. - Brandon Harris, NuMedia LLC
Dedicate a significant amount of time and attention to developing professional relationships. At the beginning of my career, I took every meeting that I could to develop the foundation of a network that I could grow and trust. Fifteen years later, I still take one-on-one meetings on a weekly basis to develop genuine relationships. The power of these relationships will carry you today and in the future. - Jamie Bertonazzi, OpDecision LLC
Entrepreneurs today have far more leverage than they've ever had; a single person can do dozens of jobs. This increased power and flexibility can paralyze entrepreneurs, though, as there are many more directions they can take. The scarcest resource at a startup is usually not money; it's focus. Stay obsessive about the single most important thing, and worry about everything else later. - David Hammer, Emissary