10 Business Tips and Strategies For Entrepreneurial Success
5. Know When To Let Go:
It’s okay to give up on a business idea but not on your business. “I literally had five ideas that I pursued that did not work out until I came across Diversity City Media,” says Lee. You’ll know if an idea should be scrapped if it’s not progressing, or in other words, you are consistently losing the same amount or more money each month.
6. Procrastination:
While there is no need to rush when starting your business, have a sense of urgency. “Building a successful business is going to be a long process so don’t make it any longer than it has to be,” offers Lee. Most successful businesses can be built within 2-4 years, but the longer you drag your feet, the longer it will take to see results and you are less likely to stick with your business.
