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Top Tips You Wish You Knew Before Starting A Company

By Rizwan Ahmad - 14 September 2015 No Comments
Equipped with bursting self-confidence and years of experience, you have set your mind on founding your own Company. Indeed, working in a competitive business environment for years might seem enough to start believing you are ready for a solo project, like a front man of a rock band who thinks he is ready to launch a solo career. However, be it an individual entrepreneur or a rock star, some things cannot be predicted, but should be learned from other people's experience.
Top Tips You Wish You Knew Before Starting A Company

Two-year period for success
Some people do not know about a two-year period, which is usually referred to as the period that is necessary for a business to really take off. However, some business people think and believe that they will manage the trick the system and get rich overnight. No matter how ingenious or experienced you are, you will most probably have to pass that two-year initiation. Trying to skip precious developing stages might take you faster to the wanted position, but that initial success might wane quicker than you think.

Don't sacrifice your social life
Running your own company means that you will have to make some changes in the way you live your life. It will probably cause working at weekends and missing some social occasions. Neglecting your social life completely, however, will have an effect contrary to the one you want to achieve. If you burn all the social bridges, you will have no people with whom you can let some work steam off when the business gets hectic. It is important to know that a balanceof social and entrepreneurial life will yield best results. Getting too obsessed with either one of them will reduce your productivity.

Unwanted tasks must be done
On the opposite side of the sacrifice range are the moments at which you will be forced to miss an important family or social event because of your business duties. For instance, you want to get back from your business trip as fast as possible to have dinner with your parents-in-law, but the conference you are attending lasts longer than your thought it would.

Similar to that, you will often have to collaborate with people and companies you do not really like. During the period of climbing business ladder, no tasks should be refused, whatsoever. Only when you build a business name, you can become a bit picky about business projects.

Follow trends and use social media
Today everything happens so quickly that people need some sort of track record of the events in their lives. Social media are closest to that function. An entrepreneur has to be an avid user of all the benefits those means of communication offer. Creating accounts on Facebook or Google + to popularize your business, as well as looking for employees on networks like LinkedIn are wise uses of those services.

In addition, always find an hour or two per day to learn. Reading books aboutentrepreneurship and watching relevant webinars are two great ways for improving your business knowledge.

Leave legal matters to experts
People sometimes become too self-confident and start thinking they can do everything on their own. As a result of thousands of online experts that give advice on various matters, even intelligent and educated people decide to use the information they find on forums, instead of hiring a real expert. It can cause disastrous problems for a businessperson and even destroy their business. Legal matters seem to be the trickiest ones for individual entrepreneurs. That is why asking lawyers forbusiness legal advice is the smartest decision they can make. 

The excitement and freedom that launching your own company brings are unparalleled with working for somebody else. However, it is important to be patient with the business results and always bring all the decisions in accordance with common sense and law. 
Rizwan Ahmad
About the Author:
He is a passionate Blogger, Entrepreneur, Writer and Thinker. He has been blogging from last couple of years and love every thing about it. He covers almost every thing related to technology on his Blog, Cyberockk.com.

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