Monday, June 6, 2011

The Entrepreneurship Centre’s Top 10 Tips for Entrepreneurs

As you may know, I am a business partner with OCRI Entrepreneurship Centre located in Ottawa, Canada. They are an incredible team and provide guidance and support to entrepreneurs in the National Capital region. The Manager, Micheal Burnatowski, gave us 10 tips for Entrepreneurs. For more information, please visit www.entrepreneurship.com

The Entrepreneurship Centre’s Top 10 Tips for Entrepreneurs

10. Have support and build a network — then go out and network. Don’t do it alone. Find and use advisors, a team, make sure there is family support.

9. Look on how to bootstrap — don’t relay on government to help you finance.

8. Know your costs inside and out.

7. Research. Ask people, not only your friends or family. They are normally the last to say anything negative.

6. Have persistence — don’t give up — have alternate avenues. Never take no as the final answer! Accept some stress, use it to your benefit.

5. Know who you are competing against. Competitors can often be your best friend!

4. Learn from your mistakes — there will be plenty.

3. Ask yourself about your product/service the question: “Who cares?” Have an answer to this question.

2. Be unique. Creativity and innovation make you stand out from the crowd.

1. Be passionate! Have drive. Be ‘jazzed’ about your business. It will drive your sales, your network and make you a leader.