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DARILYN AQUINO
My mission is to help you reach the next level with your life and business.
What You Need To Know In
Order To Have A Profitable
Business
July 4, 2017
Survival Kit for Entrepreneurs
November 5, 2016
Does My Company Have What
It Needs to Be Expanded
Internationally?
March 14, 2015
Top 3 Mistakes Newbie
Entrepreneurs Make and Their
Solutions
October 28, 2014
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Joint Venture: Business
Agreement for International
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September 28, 2014
Key Steps to Not Fail in the
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September 1, 2014
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Mother, blogger, Entrepreneur, Author, Juris Doctor Degree in Law, Master´s Degree in International Law
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THE BLOG BUSINESS SMALL BUSINESS PROFESSIONAL
Survival Kit for Entrepreneurs
When you decide to start a new business, at first everything is happiness,
enthusiasm and energy to start your project. Nevertheless you need to take into
consideration that only 15% of new businesses make it past the first two years.
By DARILYN AQUINO, Contributor
My mission is to help you reach the next level with your life and business.
Nov 5, 2015, 04:28 PM EST | Updated Nov 5, 2016
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted
freely to our site. If you need to flag this entry as abusive, send us an email.
RELATED
BUSINESS SMALL BUSINESS PROFESSIONAL NETWORKING SUCCESS AND MOTIVATION
GO TO HOMEPAGE
When you decide to start a new business, at first everything is happiness, enthusiasm and
energy to start your project. Nevertheless you need to take into consideration that only 15%
of new businesses make it past the first two years.
Therefore if you want your business to past its first two years, you need to take into
consideration the following survival kit, which will serve you to move forward and get
though the beginning.
You will find next the 11 lessons that compose the survival kit that every entrepreneur
should know:
1.By yourself or accompanied: if you are going to start your business with an associate,
keep in mind the possible risks that engaging in business with bad associate may involve. It
is essential to acknowledge everything in writing, and especially important to specify what
would happen in the case of disagreement or dispute.
2.The business has to be flexible: this allows the entrepreneur to test the idea and to
change it if needed, being able to adapt it to a constant changing market.
3.Networking: surround yourself with the right people, nowadays networking is part of our
everyday life inside the business world, you have to contribute to it with emotional
intelligence to turn these relationships into something fruitful.
4.You have to be able to sell your idea: you must be very clear about what your product or
service is. The clearer you are with your clients about your product, the easier it will be for
your potential clients to understand your product.
5.Financial basis: you must have a financial cushion. If you have a normal daily job, we
recommend you not to resign until your business is self-sustainable and working well. To do
so, it is necessary to put in extra effort, it is not easy to work the whole day and later to
work extra on another project, which is the one that really excites you and the one in which
you want to succeed in.
6.Choose an idea that excites you: Building a new business is hard work, in which you will
have a lot of difficulties along the way; therefore it is necessary to love your project, of
course, being realistic and open for changes along the way.
7.Be cautious: Plan and manage well your budget and spending, it is important to spend the
least possible amount of money until the business begins to bear its fruits.
8.Your image is important: worry about designing a coherent identity that lasts with time.
Your clients must perceive quality and professionalism from your brand.
9. Delegate: when setting off a new business you have to be careful of not letting all the
minor administrative tasks to take up all your time, if you can and have the resources,
delegate to specialized third parties, this is called outsourcing.
10. Many-sided and flexible team: as the business grows you will need a good team, but be
cautious, this team has to have very clear the vision and mission of your business.
11.Be open to the possibility of readjusting your initial idea: it is possible that your initial
business plan does not work and you have to do some changes. You need to be aware,
that when you engage in a new business probably you will have to change your first idea at
any moment along this way.
DARILYN AQUINO, Contributor
My mission is to help you reach the next level with your life and business.
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