Rules of Entrepreneurship

An entrepreneur is an owner or manager of a business enterprise who takes the initiative and also who leads the people. An entrepreneur has a vison or an idea to which he or she is working towards with a passion which keeps one going irrespective of educated in the respective stream or not.  There are entrepreneurs who have started small from their homes and who have eventually made it real big. Being an entrepreneur isn’t an easy game as it seems. It comes with its own set of dos and don’ts.

Rules of Entrepreneurship are as below:

  • Leads the team from the front
  • One who is ready for open for clear and honest communication
  • Always open for new channels to lead to the vision
  • Taking the right decisions at the right time matters a lot or in short willing to take risks or decisions where others hesitate after all there is no one right way of doing things
  • Always open to doing things newly in untried ways in short venturing out in untrodden ways
  • Key to success for the entrepreneur is to learn lessons as and when they occur through errors
  • Taking timely decision that is if one plan fails another backup plan in place so the work does not come to stand still
  • Reaching to the customers at the right time with the right product or service
  • Consistency with the delivery and quality of the product
  • Taking the feedback in good spirit
  • Customer Satisfaction
  • Complaints are duly attended on time
  • Being Flexible
  • Good team of motivated employees who are willing to adapt and work in volatile situations
  • Market the product well because without reaching out to customers it does not matter how good the product or service is
  • Above all at the end of the day it is not necessary that all the rules to be followed at times certain rules are bent or broken by instinct based on the situation

Team SoS

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