Venturing into a business for the first time can be both a challenging and an exciting experience to some people. However not everyone is out there looking for a good challenge, in fact some people dread the whole idea of quitting their comfortable jobs to venture into businesses, but it’s not as scary as it may sound. With a few tips and the right information to carry you through the murky waters you can excel. Every journey starts with a single step, making a move might be just what you need to propel you to the greatest heights of entrepreneurial world. Here are some helpful tips that every entrepreneur and aspiring entrepreneur needs to succeed in their business.

· Identify your Passion

What is it that you love doing? What is your area of expertise? All of us have something that we love doing and are good at but the question is, can that something be transformed into an income generating venture? To answer the question you need to do some research on the topic of your choice, find out who else have the same talents as you, how do they make money out of it, how can you do it differently. Is there any gap in the market that you can fill? Answering this questions would help you to make the right decisions before starting your business. Don’t forget turning your passion and talents into business could take you a long way as you will not only be doing what you enjoy doing but also generating income from it.

· Prepare a business plan

After identifying the type of business that you want to venture into, sit down and get a detailed plan. A business plan will guide the success of your business. In your plan consider your market, your idea, your competitors, marketing strategies and your finances which in this case can be estimated since you are just starting out. If you don’t have an idea of how to write a business plan or you are not able to write one down you can seek help from professionals.

· Be focused

You may start out strong but then get distracted along the way, however you should try to focus on your bigger picture and work on making it a reality. It is true you might be tempted to give in to more promising and easier tasks but then you should realize that your business has chances of succeeding if only you gave it time and attention required. You should focus on your unique value.

· Surrounding yourself with the right people

Surrounding yourself with the like minded people in business opens up your mind and creates room for learning. Your Success in business can greatly be influenced by the people you hang around with. They impact the way you think and this can either build or ruin your business. You should surround yourself with people who push you to become better and help you grow. You should also attend networking events and try to connect, this would lead to referrals, exposure, and opportunities to grow your business.

By mary wahuro