The 8 Best Advices A Novice Entrepreneur Must Receive to Setup A New Business

Those who decide to start a new business know that they are about to tread a path, with several obstacles along the way. And one of the hallmarks of this walk is that you learn much more in practice than with theory.

But that does not mean that who is starting now cannot take advantage of the knowledge of those who have more experience. There are several experienced business setup consultants in Dubai available at just a call.

We have collected the best advices for a first-time entrepreneur. Check them out:

1 – Learn to speak in public

Whether there is a universal and critical ability for any situation is the ability to communicate verbally effectively. This is the skill you can see in common among all the great entrepreneurs.

2 – Have a purpose

Big companies have a point of view, not just a product. A purpose to exist that emanates from everything they do.

The point of view of a company is where the passion of the team for their work finds a greater purpose. This purpose will relate to a larger audience that shares their beliefs about the future. These will be your most passionate clients and your best hiring.

3 – Un-complicate

People always make entrepreneurship more complicated than it really is. In general, people try to find about, ‘If I have an idea, should I patent it?’, ‘If I have an idea, should I hire a lawyer?’, ‘If I have an idea, how do I find a good partner? ”

All of these are bad questions. You should focus on:

Do you already have the minimum viable product? Do you have users, or paying customers, that is, does anyone want to pay for what you have to offer? So the best advice is to be able to answer ‘yes’ to these two questions before asking anything. Visit business setup consultants in Dubai and get a clear road-map for business development.

4 – Ask your reasons

Do not blindly follow the fashion of entrepreneurship. Be true to yourself and try to find out what you really want to be in life. Do you really want to be an entrepreneur?

Often being an entrepreneur is absolutely incompatible with the things that we really want to achieve in life. Many of us simply want a relaxed life without too many worries and enough money to do what we want.

If that is your goal, being an entrepreneur is probably the worst decision you could make.

5 – Be realistic

Many young entrepreneurs who want to run their own business for reasons similar to those of young actors still dreaming of Hollywood. They want the glamor, the pool parties and the recognition of their name.

They believe the right connections and some books will get them to the top. Live in real world.

6 – Know your audience

Get to know your audience and feed them. Everyone talks about competitive advantage, business plan and marketing strategies. Nothing is better than knowing exactly who you want to serve (because a business always serves someone, whether it’s a product or a service).

7 – Do not be afraid to make mistakes

Just start. Try, you will never know before you try. And you can always start over. And allow yourself to make mistakes. It is difficult to choose the business of your life, but you can do a small project and develop entrepreneurial skills.

8 – Control your time and measure your progress

Entrepreneurs are very different from each other, each with its qualities and weaknesses. So we can not recommend anything more universal than controlling your time and measure your progress.