I recently joined the Mind Petals Network as a young entrepreneur. Seeing as I’m only 29 for 16 more days, I’m pretty happy about being called a “young” entrepreneur.
In the spirit of things, I’d like to highlight the main points of an article I read recently from Entrepreneur magazine (6 Secrets Millionaires Know and You Don’t online which has some outstanding advice/info:
- As I’ve been realizing lately, everything is marketing
Success of a company is based more on the marketing of a product than the product itself (this does not go against what Seth Godin says at all, in fact). Never stop marketing, no matter how successful you become. Use an internet marketing company if you have to.
- Million dollar ideas can come from anyone
“Ninety-five percent of CEOs never ask the $8-an-hour employees for their opinions. Yet, those employees are the ones touching the product and speaking to the customers. Brilliant ideas are generated by the most unlikely employees, and you’ll never know what they’re thinking if you don’t ask.”
- Networking is not working
This one flies in the face of what I was talking about 2 articles ago. However, rather than being exactly opposite, I like what the Entrepreneur article says; “The people you really need to be networking with are most likely not at your typical networking event. Always strive to network above your level.” So, be selective about who you network with is the point here.
- Don’t underprice yourself
“Whatever you do, don’t create a commodity business…. Millionaire entrepreneurs are willing to start small and grow slowly, but they fully intend to make money.” Excellent point!
- If you’re prepared, even the most enormous icebergs won’t sink you
- Compete only with yourself
“To excel in enterprise, you must be aware of your competition, but you can’t allow that awareness to steer you off course. Compete with your own best performance–be the lead dog your competitors imitate, and you’ll leave them with that rear view.”
[tags]entrepreneurship, business, millionaire, secrets[/tags]