How to become a successful entrepreneur in 2020

How to become a successful entrepreneur in 2020

With the New Year just around the corner, it seems like everyone has their resolutions ready to make the new year the best yet. With 2020 not only being a new year but an entirely new decade, the pressure is on to really make something of ourselves.

For some, this could be finally taking the steps to becoming an entrepreneur. Finally building that company they’ve dreamed of, the ideas they’ve had in the back of their minds for years finally amounting to something real.

Even if you’ve already taken concrete steps to become a successful entrepreneur, the game is always changing and there’s always room for improvement.

So, what steps can you take to make your dreams and company even bigger?

First, you should focus on yourself. There are key characteristics that every successful entrepreneur should have to help them grow.

A Successful Entrepreneur should be:

  • Positive
  • Passionate
  • Perseverant
  • Resilient
  • Proactive

Once you’ve nailed these down, it’s time to look at your approach to your specific business. Depending on the line of work you’re in, it will determine what you need to ensure your company thrives. Taking the time to look and analyze what is working well and more importantly what isn't will help you determine the next steps and help you prioritize your goals.

Once you’ve figured out exactly what your company needs, you can tackle that list by:

  1. Working smarter, not harder –Put the time in, but don’t put too much time in that you’re overworking yourself.
  2. Hiring talented people –You can prevent overworking, by letting talented people help you achieve your goals through tasks that they can potentially achieve better than you through their own skillset.
  3. Being more productive & spending less –In a new company, it’s not out of the realm of possibility of hiring freelancers to help with the workload. You can find great people at affordable prices.
  4. Realizing the failure is just part of the journey –Whether we like it or not, failure is going to happen to all of us at some point in our lives. By accepting this, you’re less likely to spend timing moping about something that didn’t work out and more time figuring on a new plan to succeed.
  5. Being relentless –This may be an obvious one, but just making sure that you’re putting your all into becoming a successful entrepreneur and pushing through difficult times. Those are the times that will teach you the most.

Hopefully, with these tips, you’ll be able to expand on your business knowledge and really look inward to make yourself in the best entrepreneur you can be. By working on yourself first, then building a plan and ultimately tackling it successfully (even when you encounter some speed bumps on the way), you will transform your business.

Don’t forget to trust yourself

You came up with a great business or idea and sometimes you need to be your own cheerleader. If you believe you can do it, there’s no reason to let 2020 pass you by.