Issa Asad Shares 5 Ultra Hype Tips for Young Entreprenuers
Once you have decided to venture into the world of entrepreneurship, there are a handful of tips that you need to adhere to.
“By not adhering to a few basic rules, you may find yourself struggling to break into the world of entrepreneurship,” said Issa Asad entrepreneur and businessman since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida.
Here, Issa Asad Shares 5 Ultra Hype Tips for Young Entreprenuers:
Keep in mind that failure comes along with success. Starting a business can leave you feeling directionless, back at the starting point and burned out at times. This is why it is imperative that opt for an interest that you are truly passionate about. For instance, coupling a traditional business with a charity is a great way to combine things that you care about the most. Additionally, this is a business model that can attract a heightened amount of potential customers due to charitable contributions being attached to their purchases.
2. Make Sense of Your Scope
It is vital for the success of your business that you narrow your market to what is realistic for you and your intended client base. A general rule of thumb is to stick close to those that have an express reason to be interested in what you are offering.
3. Proper Price Points
Sensible risk taking is an integral part of business, therefore when starting out, you must provide consumers with a minimum viable product. This means that you give customers a service or a product at the most basic level plausible. Keep in mind that you can always go back and revisit your price points as needed in the future.
4. Honesty is Best
This is something that applies not only to yourself, but also to customers and employees. You should also be honest regarding what you can commit to your business.
5. Properly Balance Social Media
It is important that thought is put into anything prior to posting it on any social media platform. Social media is a powerful tool, but it is not the only place that your marketing focus should be dedicated to.
6. Keep PR in Mind
Online and traditional press releases can yield coverage while costing less than advertising. Consider what makes your product or service relevant, interesting and new. Once you have determined that, you will need to convey this to the media. There are many outlets that have sections that are dedicated to people within their community that are doing innovative and outstanding things.
7. Get a Mentor, or Two
In the beginning, the venture into entrepreneurship can be terrifying, liberating, frustrating and exhilarating all together. Although younger generations are tech savvy, but those with years of business experience are who you need to team up with for proper guidance during this time. Across the nation there are plenty of networking opportunities that will put you face to face with possible mentors as well as contemporaries with advice to give.