10 Killer Tips To The New Entrepreneur Starting Out

Are you new to the business and entrepreneurial world? Perhaps you’re starting your first company and feel overwhelmed by everything you need to learn and to wrap your head around? Don’t worry; I’m here to help.

I’ve put together a great list right here … and these tips are the truth! The list could be longer, but these are my most important and crucial tips. This is what I have experienced personally through trial and error, failures and taking action. If you take these to heart, you’ll be doing yourself a big favor. Don’t reinvent the wheel.

Now on to the juice…

1. Set goals like a psychopath

Okay, crazy title, but if you want something big, then no average or typical type of mindset will get you there. That’s an honest and blatant truth… I’m sorry. To succeed, you have to be a little outrageous and prioritize your goals, your work and your life differently than others. It’s a lot better to reach high and set extremely tall orders, because you’ll achieve bigger results and that will trickle down to a stronger cash flow. You’ll need a big bank account to survive long-term in a tough business world.

Playing small can just cause you problems. Instead, think big!

2. Have a crystal clear vision

Like with any type of goal, to achieve anything, you need a clear vision! You want to be able to navigate and know which direction to take, when and how. What do you want to accomplish? Put together a game plan that complements your vision and execute on that plan.

If you don’t have a clear vision, you will easily fall off track. You will easily be jumping on the next shiny object or interesting opportunity. To be successful, you’ll need to be consistent over time, and for that you’ll need a clear vision. Learn to say “no” to things that don’t fall in line with your mission.

3. Pursue your passion

If you’re building a business around something you’re not interested in or don’t have a passion for, then you’ll most likely fail in the long run. Don’t just build a business around something that seems sexy or trendy at the time. Do what you love. Let your heart guide you.

Being an entrepreneur and building any business is hard work. If you don’t really love what you’re doing, then you won’t be able to put in the effort and hard work over a long period of time, which is necessary and crucial. It is the passion that will drive you through the ups and downs.

4. Take massive action

Many lessons will be taught through action. Don’t procrastinate and think you have to read a hundred books before you start. Nothing can prepare you fully for this entrepreneurial journey. Test yourself and learn under fire and remember to learn from your mistakes. If you read a book or go through any type of training material, put it in motion right away. That’s how you really learn.

Ideas are good and you can have a vision all you want, but you’ll need to execute and take massive action to make those ideas come true. You need the entrepreneurial hustle!

5. Get some quick wins early

As with anything worth investing time and money into, it’s good to have some quick wins early to build momentum and boost your self-esteem. It doesn’t have to be perfect; the point here is just to get a positive flow going, and to get the ball rolling. If you go through month after month without any victories, it’s very easy to get discouraged.

Get your first win quickly and make sure you keep winning small little victories every now and then to stay in a positive flow.

6. Know how to find answers

When you’re new to the business game you will obviously have a lot to learn. Being an entrepreneur is very different from being an employee or living a typical life. Running a thriving business demands some business skills.

Be resourceful and know how to find answers. Never stop learning and know that you don’t know what you don’t know. Be interested in business, sales, contracts, negotiation, accounting, and everything that’s necessary to take your business to the next level.

7. Focus on big wins

There are a lot of things you can do, and you’ll be presented with many opportunities, but choose to focus on the things that really moves the needle in your business and pushes you forward. Focus on the things that really make a difference. You’ll have to learn how to say “no” to requests that are less important, or will suck your time and energy, to dwell on the bigger scheme of things.

The big wins are often things we tend to avoid, such as paperwork, or following up that prospect for the umpteenth time. It can be the things that are a little outside of our comfort zone. But, you know they will give you big wins if you take proper action on them.

8. Learn how business typically works in your field

Every field is a little bit different and each has their own type of contracts, rates and agreements. Know what the norm is in your field and what your competitors are doing. If you want to be creative, that’s fine, but first get a good idea of what the norm is.

You’ll be able to position yourself smarter and if you do some research. It’s very likely that you’ll have some “aha!” moments and that you’ll learn some things that you hadn’t thought of before.

9. Network and make friends

You cannot win long-term if you are all alone. Build a team of people you can work with, that you can collaborate with, and who can keep you accountable.

Most of my biggest projects came through someone I knew or word-of-mouth marketing. For me it was about “being in the trenches” and talking to people. Understand the power of connections, and be consistently interested in what others are doing … especially in your field.

10. Be of service

Business is all about how you can give value to other people. When you shift your mind from “how can I make the most amount of money” to “how can I serve and add value to as many people as possible”, that’s when the magic really happens! Solving people’s problems adds value to you, your service or product.

How can you make a difference? Figuring this out (the sooner the better) will make your work more meaningful and it will give you a purpose.

BONUS – 11. Fail with pride

Failure is inevitable, especially when you are new. We all stumble when we are learning to stand, walk and then run! Embrace failure and see it as feedback and a learning experience. Each failure is just one step closer to your goal. It’s progress.

Fail with pride, keep your eyes on the prize, get your ass up and keep moving!

Is there anything you feel I left out or should be on the list? Maybe you have some tips from your own experience? Leave your thoughts and ideas in the comments, and make sure you share this post with a friend who is also starting out.

Now let’s move forward…

– Casper Stang