Tips for becoming a Successful Entrepreneur #2

Yesterday I gave a few tips about being a successful entrepreneur. Today I'll continue with a few more.

Learn every day

If you're into business and you don't learn or pick something out from every little obstacle or success, there might be a problem in times to come. Keeping yourself up to date is another basic thing you need to learn, make notes on latest trends and technology advancement in your field. Host or attend mit ups, seminars and conferences to meet more experienced people than you, from there you can learn a thing or two. Most times you have to let go what you've learnt before and learn something new just to stay and compete in the market.
Many giants companies have folded today because they failed to change with time. As time changes, the world evolves, technology and designs changes. If you can't adopt to latest technology and market trends, failure won't be far.

Source

Learn from people who failed

They say a wise man learns from peoples mistake preventing him from making any mistake himself. Most people love to look at the successful people in their field but I'll suggest oderwise. Its not a bad thing to look and learn from the successful ones but at the same time look at those that failed in that same field, what did they do, what did they not do. If you can learn from those that failed, coupled with those that succeed, imagine how your business will grow. Try to meet as many people as possible in your business field, learn new skills and be ready to work for free just to acquire a particular skill. Knowledge is more important than the money because without the knowledge you can't make the money.

Do not Expose your wealth and trust to women

This is one thing that kill many business men, when they start making a little money, they go into extravagant spending, clubbing and carrying women. Some will even go to the extent of showing their so called girlfriends their bank balance just to show what they have. This is the beginning of downfall for anyone who is doing this. People will try to exploit you, take money from you and once you refuse you become an enemy to them.
Don't let success get into your head, after all years of hard work and success comes, you suddenly see people interested in you and wants to be friends with you, all single and beautiful ladies around you start chasing after you, be very careful or they will drag you down. Don't think at this point you're the most handsome, no, they are only coming for your money.

What to do in Crisis

Facing crisis should not tear you down, I know its never easy seeing what you've built for years looking like its going to go down in just one day. At this point you should panic but don't allow the panic get control of you. Look up to God first, turn to your mentors and seek for advice, take a day or two off to calm yourself and think. Keep believing, everything will be OK.