Useful Tips on Entrepreneurship

Entrepreneurs are an exceptional group of individuals. They think differently, act differently, achieve differently. They are their own bosses. They create their own identity. Their mindset and habits on a daily basis can become very interesting. This unique set of people get ideas that straddle the line between insanity and genius.

“Entrepreneurship is neither a science nor an art. It is a practice.”– Peter Drucker, management consultant, educator, and author.

But are these wonderful words – only words? Why do you think there are only very few who become entrepreneurs and even fewer who become successful in their attempts?

There is this myth that only 20% of entrepreneurs survive in their startups. What happens to the rest?

Here are some statistical reasons why entrepreneurs fail in their attempts.

46%  –        Incompetence

11%  –        Lack of experience

30%  –        Lack of managerial experience

18%  –        Other reasons

A majority fail because they lose their passion, midway.

As Mark Zuckerberg, founder of Facebook rightly said, “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.”

But this article is not about failure, but about success.This article wants to shed some light on entrepreneurial thinking and give insights on how to become successful in a startups. So here are list of books from the most successful people in entrepreneurship, who share useful tips! Obviously, who can do that better than those who have achieved the heights in what they do?

Here are the best books every entrepreneur should read at any point of your journey. Before, in the middle or even late in life as an entrepreneur. They say never say never, at least for learning something new!

  1. Tools of Titans by Tim Ferrris
  2. Influence by Robert Cialdin
  3. The Lean Startup by Eric Ries
  4. Idea to Execution by Aric Meisel and Nick Sonnenberg
  5. Pivot by Jenny Blake
  6. Built to Last : Successful Habits of Visionary Companies by Jim Collins
  7. Screw it, Let’s do it by Richard Branson

Also, the best point to start the life you dream of is NOW!

Here is some food for thought.

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