5 tips for entrepreneurship in the real world
Posted: Tue Jan 21, 2025 4:58 am
When we see the journeys of great entrepreneurs, it is common to notice a certain trivialization of the challenges and obstacles that were faced until they grew and became a reference in the market.
This completely distorts what entrepreneurship is like in the real world. Starting a business requires effort, hours and hours of work and dedication. The idea that you can quickly gain followers and customers ends up frustrating many people who have great business ideas and the desire to put them into practice.
Only you can say what is necessary or not, within your limitations and possibilities. To prevent you from having a romanticized idea of entrepreneurship, we have brought you 5 tips for undertaking in the real world.
5 tips for entrepreneurship in the real world
Make a good plan
Every company has a purpose. And to put this purpose Spain Phone Number Lead into practice, it is necessary to establish a series of actions and steps that must be taken until the necessary objectives are achieved.
This series of actions is known as business planning. Planning works like a car's GPS. It shows your starting point, where you want to go, and the possible routes, depending on traffic, possible construction, and other obstacles along the way.
This is exactly what it's like to be an entrepreneur in the real world. The GPS doesn't take you to your final destination by itself; you decide which route to take based on the available options. Did something unexpected happen? Was a street closed? Was a route you were going to take but didn't work out? Recalculate the route!
Know the market and your competitors
A good entrepreneur needs to reinvent the market in which he or she wants to develop, revolutionizing his or her product, service or even customer service. And the best way to do this is by conducting a competitive study.
We have already discussed how to better understand your competitors in the article “Market analysis: how to do yours” . In it, you will learn the three pillars of market analysis and four types of competition that your business may face.
undertake in the real world
Build a community around your business
Having satisfied customers and sales doesn’t mean you have a community around your business. A community makes customers feel part of the business and want to see the company grow.
When you are the center of a community, those around you feel an “obligation” to give back all the value you have already generated for them. This feeling strengthens the purpose with which your customers are aligned and this further consolidates the community.
Turning customers into a community is one of the biggest challenges for anyone who wants to start a business in the real world. People increasingly want to connect with humanized companies and the people behind the brand.
Go after the knowledge you don't yet have
The real world of entrepreneurship demands knowledge from a wide range of areas. There is no point in understanding everything about your market if you do not know how to manage your company's finances, or the marketing and promotion of your products.
The more knowledge you have about entrepreneurship, sales and all these subjects, the more chances you have of having a prosperous business. So invest in courses, books, videos, podcasts and any other material that can enrich your knowledge.
What you can’t learn, you can learn from other professionals, which brings us to our next topic.
Seek qualified professionals if necessary
Entrepreneurship in the real world is not about knowing everything and doing it alone. Quite the opposite. Having a support base is essential to ensure the success of your business (and your sanity during this process).
Therefore, surround yourself with qualified professionals. They may be directly part of your team, as collaborators, or their services may be requested when necessary, such as legal or financial assistance.
Or it may be that you don't even know them personally, but that you receive help through videos, materials or courses when you need help or want to know more about a certain topic.
This completely distorts what entrepreneurship is like in the real world. Starting a business requires effort, hours and hours of work and dedication. The idea that you can quickly gain followers and customers ends up frustrating many people who have great business ideas and the desire to put them into practice.
Only you can say what is necessary or not, within your limitations and possibilities. To prevent you from having a romanticized idea of entrepreneurship, we have brought you 5 tips for undertaking in the real world.
5 tips for entrepreneurship in the real world
Make a good plan
Every company has a purpose. And to put this purpose Spain Phone Number Lead into practice, it is necessary to establish a series of actions and steps that must be taken until the necessary objectives are achieved.
This series of actions is known as business planning. Planning works like a car's GPS. It shows your starting point, where you want to go, and the possible routes, depending on traffic, possible construction, and other obstacles along the way.
This is exactly what it's like to be an entrepreneur in the real world. The GPS doesn't take you to your final destination by itself; you decide which route to take based on the available options. Did something unexpected happen? Was a street closed? Was a route you were going to take but didn't work out? Recalculate the route!
Know the market and your competitors
A good entrepreneur needs to reinvent the market in which he or she wants to develop, revolutionizing his or her product, service or even customer service. And the best way to do this is by conducting a competitive study.
We have already discussed how to better understand your competitors in the article “Market analysis: how to do yours” . In it, you will learn the three pillars of market analysis and four types of competition that your business may face.
undertake in the real world
Build a community around your business
Having satisfied customers and sales doesn’t mean you have a community around your business. A community makes customers feel part of the business and want to see the company grow.
When you are the center of a community, those around you feel an “obligation” to give back all the value you have already generated for them. This feeling strengthens the purpose with which your customers are aligned and this further consolidates the community.
Turning customers into a community is one of the biggest challenges for anyone who wants to start a business in the real world. People increasingly want to connect with humanized companies and the people behind the brand.
Go after the knowledge you don't yet have
The real world of entrepreneurship demands knowledge from a wide range of areas. There is no point in understanding everything about your market if you do not know how to manage your company's finances, or the marketing and promotion of your products.
The more knowledge you have about entrepreneurship, sales and all these subjects, the more chances you have of having a prosperous business. So invest in courses, books, videos, podcasts and any other material that can enrich your knowledge.
What you can’t learn, you can learn from other professionals, which brings us to our next topic.
Seek qualified professionals if necessary
Entrepreneurship in the real world is not about knowing everything and doing it alone. Quite the opposite. Having a support base is essential to ensure the success of your business (and your sanity during this process).
Therefore, surround yourself with qualified professionals. They may be directly part of your team, as collaborators, or their services may be requested when necessary, such as legal or financial assistance.
Or it may be that you don't even know them personally, but that you receive help through videos, materials or courses when you need help or want to know more about a certain topic.