8 Valuable Tips for New Entrepreneurs

Ashwini Ashwini Atish Ranjan Das Atish Ranjan Das
May 1, 2022 5 min read
8 Valuable Tips for New Entrepreneurs

We are living today in the age of the "new", whether it is the innovative ideas, new ventures, or startups that the new-age entrepreneurs are bringing forth. A boom of ideas means an overpopulation of startups, and we are standing amidst a galaxy of startups already in India and abroad. Though these startups may seem many, only some actually manage to stand the test of time and a lot of it depends on the founder of the startup or the entrepreneur whose brainchild the startup is.

An entrepreneur today needs to be alert, updated, know the market, and look into the future demands to mention the basics. Along with them, numerous other tips would help an entrepreneur stand out, and their startup, thrive. So, if you are an entrepreneur and you are eager to get an edge on the others in the space including other experienced entrepreneurs and rivals, then you can keep this StartupTalky article handy. This is because here you will be learning about 8 effective tips that will benefit you as an entrepreneur.

There are many entrepreneurs in our Facebook group (StartupTalky). Some are successful, some are in their struggling stage and some are just learning before implementing. In the group, we often ask people to give tips they learned about startups. We believe that every person on this planet has something unique to teach us. So, here are some tips from those entrepreneurs and we are sure, you can learn something from them. It's always huge to hear from successful and experienced people who are in the same field. So, check this article out to discover some of the most valuable tips for entrepreneurs.  

Tips For New Entrepreneurs

Find Clients Before Launching
Design Matters
Boost Your Focus
Track Consumer’s Psycho-graphics
Keep Interacting
Stay Charged-up
Rate Values
Collaborate

Find Clients Before Launching

This is very unique advice but a very important one for developers. Before launching or even making a product, you should approach people and ask them if they need your product and are they willing to pay for it? Try asking them online if not offline. You can go to Facebook groups and many other forums. Knowledge about your target audience is a very crucial piece of information before launching any product.


The Future Of The Design Industry In India
The design industry in India is growing at the rate of 25% while UI/UX, Fashion, Interior, Animation and Graphic Designers are now a must have in companies

Design Matters

People are not attracted by the features of your product at the very first, but the first thing which attracts them is the appearance. So, focus on the looks. Try hiring a freelancer if you are not very creative in designs. Later you will be glad that you made this small investment in hiring a freelancer or professional for this purpose.

Boost Your Focus

Many times when we try to focus on our work, our brain starts thinking things like, will Avengers return? Or your brain just starts playing songs in the subconscious mind. So, to trick your mind and boost your focus and productivity, you can play Binaural beats in the alpha frequencies. They will make you focus more on the task. Or, you can play the video embedded with this point to find it out for yourself.

Track Consumer’s Psycho-graphics

You can study and research the customer’s data. Find out what they like, when do they buy or why do they buy it? This data will help you to make a better decision about your product. This will help you to create an effective and better marketing strategy. To get this data, you can directly ask the consumer or conduct surveys on websites or blogs. Online surveys can also be conducted through common social media platforms such as WhatsApp, Facebook, Twitter or Instagram.

Keep Interacting

There is no substitute for real interaction. You cannot buy an AI system to do that. Real interaction helps you to build trust and goodwill with the customer. It also helps in staying updated about the customer’s choices and preferences. However, you don’t always have to meet your customer to interact, you can be active on Social Media too and stay connected with them through common online platforms. Try going live on your page. Or reply to the comments. Try to answer messages related to any query. This helps build a connection between you and your customer and builds a sense of trust in them.

Stay Charged-up

You don’t always have to work hard and keep working. Some fun between work is also important. You can have some fun with your team. Although too much fun is informal and not good for the company, you have to balance everything. Try going for a short weekend vacation with your team. Or just get them some gifts. Also, don’t forget to wish and motivate them in the morning. Celebrate good performances and results together. Doing all of these massively boosts the motivation of your team, which will ultimately help you in achieving better results.

Rate Values

You must have heard when a legend said: “If you are good at something, never do it for free”. No? Then you are missing one of the most amazing movies in history. Anyway, if you think your product or service is good enough, then never deliver it for free. And it works vice versa. If you want really good service, never expect it for free. Even if you have found a free substitute, then always remember, a substitute is always a substitute.


Tools to Boost Team Collaboration
The ability to collaborate is important. Teams want to be able to contact one another to discuss the shared work that’s taking place within your product.

Collaborate

Whenever you get a chance to collaborate with someone, never miss the chance. Collaborations are a great channel of Marketing. People will check you out if you collaborate with someone. It not only works on YouTube or Blogging or Social Media but on any type of business too. Ever wondered why some company gives free products like “Buy 2 Britannia bread and get a Parle biscuit pack”. This is all just to promote the product. Companies collaborate in this way and make people test the product while making a profit. Try doing it.

Conclusion

These were some tricks which were discussed in the comments of the posts on the page of Startup Talky. You can try these tricks out. These were not from very big entrepreneurs, but from those people who are still on their journey of a startup. That is why they make sense as they are tested by those people. If they don’t benefit you, they will not harm you either.

FAQs

Effective tips to benefit New Entrepreneurs

Find Clients Before Launching
Design Matters
Boost Your Focus
Track Consumer’s Psycho-graphics
Keep Interacting
Stay Charged-up
Rate Values
Collaborate

Bill Gate's advice to New Entrepreneurs

“If you don't build your dream, someone else will hire you to build theirs.”

Elon Musk's advice to New Entrepreneurs

“You've got to do all sorts of jobs and tasks that you might not wish to do, that are not intrinsically interesting to you, You've got to be prepared to do whatever it takes, work whatever hours. No task is too menial. I think that's the right attitude for the CEO of a startup.”

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