Entrepreneurs Can Learn From Your Business Experiences
A good learner try to learn from everyone and also learn from almost everything. And it same about entrepreneurs. If you share your business experiences and how you deal with good and bad times in business that will be a helpful lesson for newbies in business. Today I was thinking about this topic and decide to write on it and its related to personal finance too. I will share some personal experiences that may help readers to learn more.
Before starting a new business even it would be a start up we know that we need proper plans. But how the plans should be organize? Having suggestions from experts is not bad at all but if experts are not available for that, what will you do? You'll wait or consult some other experts in the same business? One more thing you can try and that could be a research online, reading biography of business individuals from history.
There are huge option available now around us. Learn the positive and negative sides of the business you going to start. Though negative things can demotivate sometimes but take it as lesson not as demotivation. Learning from other's mistake should be our aim and this way we are not going to repeat same mistake our leaders already made in the past. We can find many books and articles on business we are interested. Positive and negative both are our lessons and this way you can be a successful entrepreneur.
There are many bloggers and reader friends already thinking about side business and interested in business and finance. So write about your personal business experiences where your step was wrong and which step was responsible for the turning point of your business or financial life. When we share our experiences, many of our readers learn from it and they will never repeat the same mistake internationally in their business or life. As a result they can be successful quickly and if they make a new mistake that will be a lesson for you and also for future entrepreneurs.
As we all know that sharing is caring and the more you share the more you help others and it could be anything helpful. For example my words and experiences in this blog or in other blogs where I share my personal experiences. Once I start t-shirt business and I was the designer, printed design by paying for printing cost and bought t-shirts in a large quantity. But I had no proper plan and after selling a few tshirt I shut down my business idea because my starting was without any research and I've spent for quantity when I should be more careful about quality of cloths and designs.
The business shut down not because of enough money, it shut down for having no proper plan and seriousness and full dedication were missing but I may restart the business with proper plans and full dedication someday again and I should know the public demand for it. A market research is important to launch a new business and how much our products going to be sustainable in the market for long time also does matter.
The step I took was a lesson for me as I made mistake and learn from it. Later I donate t-shirts among people as I was not mentally prepare for running the business, it was not a big loss as I started with a little investment and sold a few t-shirts. Hope this business experience help you leaning from my lacking. And I'm sure my readers not going to repeat the same mistake.
That's really wise. We should arm ourselves with at least knowledge that would help us in our business. Not everything we read or know applies because experience and application is still the best way to learn but at least we have an idea on what to do and how to do it.