Mistakes you need to avoid to succeed as an entrepreneur
All new entrepreneurs can have just the same chances to be successful and they face almost the same risks to fail, but it is in the way that the entrepreneur sees a failure, if he faces it and learns from it, he will take off the stone on the road to reach success, learning from the mistakes is a great way of winning more experience and that would be an important difference between a business that will continue working and one that will have to close.
Salomon Juan Marcos Villarreal, president of Grupo Denim, an important manufacturer company in Mexico, gave us his opinions about the differences between a successful entrepreneur and one that will not reach his goals.
Interviewer: What do you think is the main reason to fail on business?
Salomon Juan Marcos Villarreal: There are a bunch of reasons, but I believe the main one is not to have a correct business plan, it is important for an entrepreneur to always be prepared and disciplined, and have a plan B when things are going on the wrong direction.
I: What would be the main obstacle to defeat for an entrepreneur?
SJMV: Fear, once you have defeated fears, you will be able to move on and start any new projects you have dreamed of.
Here are some mistakes you need to avoid if you want to succeed as an entrepreneur:
- Staff – Investors finance persons, not ideas, so you must always look for staff that will have real experience to operate on business.
- Marketing – If you want your products to be visible, you need to have the right marketing; otherwise, your business will not be able to succeed.
- Giving up – One of the main reasons to fail is when an entrepreneur gives up at the first obstacle, they will be many of them, you will have to face errors and failure, but all successful entrepreneurs had to do it too.
- Incomes – Any enterprises need to generate incomes, if you want to avoid closing your business, you need to make sure you receive the correct profits.
“Any entrepreneur can succeed when he has the right tools, ideas and conviction, it is not an easy way but it sure worths the effort”, added Salomon Juan Marcos Villarreal.