raffy pendery

7 Qualities to Look for in a Business Partner

Nov 10, 2020

Successful entrepreneurs like Raffy Pendery have broken new grounds in business through value-added partnerships. Having a partner can boost your business prospects, but it could also lead to chronic problems and endless disputes. In this article, we look at some of the essential qualities to look for.

1. Unique Entrepreneurial Skills

When you are starting a business, you may lack some of the essential skills that could make the venture successful. One of the main objectives of finding a business partner is to fill the skills gap by hiring someone with unique abilities.

One of the common entrepreneur mistakes is to settle for someone who has the same exact skills as you. For the partnership to be successful, it must complement both parties. By combining your unique skills, you can overcome many of the initial challenges that may come your way.

2. Passion and Motivation

Entrepreneurs like Raffy Pendery are passionate about what they do. So, it makes sense to find someone who has the same level of passion. You don’t want to work with a partner who you will have to push to fulfill their end of the bargain. They should also be self-driven and motivated to push the business forward at all times.

3. Compatibility

Even though both of you may have a unique skill set, there needs to be a sense of genuine respect between you. That means that you value your partner’s contribution, skills, and concerns, and vice versa.

When there is a strong partnership built on respect, the company can blow through the obstacles. And when you attain success, you’ll be there to celebrate each other’s accomplishments.

4. Capability to Network

When unveiling a new product or service, businessmen like Raffy Pendery tap into their networking circles for leads. When you are in the process of finding a business partner, you may want to consider someone with valuable contacts. A well-connected entrepreneur can help take your business beyond its current market boundaries. Their networks can also help with financing or other aspects of the business that you are not yet aware you need.

5. Communication Skills

Effective communication is an essential part of running the day-to-day operations of any business. Some decisions can be controversial, so it is important to communicate not to be misunderstood than to be understood. You can’t have a situation where the right hand does not know what the left one is doing.

6. Creative and Open-Minded

Whether you are a marketer or tech entrepreneur, your company will have to incorporate new ideas to be successful. An ideal partner should contribute business ideas and help you resolve conflict. They also need to be open-minded so that it is easy to share and discuss new groundbreaking strategies. That way, you are not constrained to doing business the way it has always been done, as this can stifle growth.

7. Professionalism and Ethics

If you are interviewing individuals to partner in your business, you’ll need to evaluate their sense of professionalism and ethics. You should share the same standards on business practices, compliance, and respect for clients. If there your ethical standards mismatch, that could be a source of endless conflicts that could lead to business failure.

Get the Right Partner

There are many good reasons to find a business partner. However, if you’re not careful, you could make mistakes that could cost you your venture. Entrepreneurs like Raffy Pendery encourage startups to find mentors to guide them at different building stages. There are always great insights you can tap from experienced entrepreneurs.

entrepreneur tips

Entrepreneur Tips: 5 Public Speaking Mistakes to Avoid

Nov 7, 2020

Do you dream of giving a memorable speech that wows audiences? There are many ways your business can benefit from an engaging presentation. Here are some top entrepreneur tips on things to avoid when giving a speech.

1. Writing a Vague Speech

It is possible for public speakers to feel that they have a firm grasp of the topic they are about to share. But when they get to the podium, they fumble as they try to explain their ideas with clarity.

So, your talk needs to be coherent to sustain interest in the subject you’ll be discussing. One of the top entrepreneur tips for public speaking is to write down the idea in one sentence. If you cannot reduce the topic down to a sentence or two, the chances are that your speech will be vague.

2. Not Using Real-Life Examples

As an expert in your field, you may assume that the audience can consume the theoretical work you present. However, the concept could be too hard for your audience to follow.

Regardless of the technicalities of the subject, you can always boost the impact of the speech with stories. You can go through case studies and research reports to find real-life experiences for your talk. You can split the supporting material into personal anecdotes, statistics, and stories.

3. Having a Predictable Start

The start of your talk has the potential to make or break the rest of the speech. So when you begin with a predictable statement, you risk losing your audience.

If you’re a businessman, you can open the talk by posing a question. Or you may tell a personal story that is relatable before sharing a list of entrepreneur tips with your audience. Whatever you do, always ensure that you captivate the audience from the very beginning. It is very hard to get them back once you have lost them at the start.

4. Not Engaging the Audience

The best-paid international speakers try to avoid coming out as preachy. They say that people tend to recall the emotions you invoked through your speech rather than the details. Avoid talking to your audience in a way that will make them feel like you’re telling them off.

One of the top entrepreneur tips for making your speech more engaging is to involve the audience. You may plan some fun activities for the presentation to demonstrate an idea or show the practicality of a product. You may also interest your listeners with a video presentation. After that, you can request comments before giving your views. Above ensure that you make your presentation in one way or another. That way, the audience will remember it in the long run.

5. Not Rehearsing Adequately

The finest public speakers are always working on perfecting different aspects of their craft. They understand the implications of body language, posture, and voice projection, among other factors.

Practice makes perfect. It is not wise to stop practicing when you feel you’ve gotten better. Rehearsing the speech should be a continuing part of the process of improving your public speaking skills.

Perfect Your Public Speaking Skills

There is a lot of information on public speaking you can get from a wide range of sources. Remember to focus on proven techniques and strategies to address the weaknesses in your speech delivery. You should consider hiring a coach to guide you with tested tips and tricks for entrepreneurs.

Should BFFs Become Business Partners? What New Entrepreneurs Should Consider

Nov 5, 2020

On our entrepreneurship blog, we previously shared some tips for picking the right business partner. But one of the most obvious options when finding a business partner is to look to your existing friends. After all, your best friend may know you better than anyone and share your passions, making them a natural fit for your business. But while this may seem like a great idea in the beginning, it can turn out to be one of the biggest entrepreneur mistakes you’ll make.

Ultimately, the choice of whether to go into business with a close friend is up to you — and whether or not it will succeed depends on a number of factors. But if you’re wondering how to start a business with your BFF, here are a few considerations to keep in mind before you forge ahead.

entrepreneurship blog

You Can Build a Business Based on Trust and Common Interests

If you attempt to find a business partner out of the blue, it can be tough to figure out who you can trust. If you entrust the wrong person, you could end up getting burned. While that still may be true for friends who go into business together, your existing relationship can mean that you don’t have to waste time getting to know each other and your respective business styles. What’s more, you’ll probably have a better idea of what your friend is passionate about and will know whether emotional buy-in already exists. Not only will your friend want your business to succeed for their sake, but they’ll also be invested to ensure you succeed.

Your Friend Can Provide Balance and Create a More Complete Partnership

One of the most important tips for entrepreneurs is that you should pick a business partner who can offer what you can’t. If you decide to go into business with a friend, you’re probably already very familiar with their main strengths and weaknesses. If you know that they excel in places you lack, this can actually be of huge benefit to your venture. As part of your partnership, the two of you will provide a sense of balance to each other and bring out the best in each other. That’s assuming, however, that this is the dynamic of your friendship. If you frequently find yourself in a spat with your friend or you’re too much alike, this may not bode well for your business. If you team up with a friend, make sure that their temperament and business style complements yours and makes up for what you may not have.

Business Partnerships Based on Friendship Have Higher Stakes

Although 80% of small businesses started n 2014 made it to their second year, there’s no guarantee that your business will survive. And if your business fails, it’s also possible that your friendship could end as a result. Working together can bring out other sides of each person; if you don’t have a solid plan in place to ensure communications are productive, it’s possible that working together could damage your friendship. If you do decide to go ahead and go into business together, make sure you’re both on the same page about the state of your friendship and come to an agreement to keep work and personal lives separate.

As our entrepreneurship blog shows, going into business isn’t an easy task. And while starting a venture with your friend can be an excellent idea, it’s one that should be carefully considered first. For more tips and tricks for startups and visionaries, check out our entrepreneurship blog.

the digital entrepreneur

How to Find the Best Business Partner

Oct 6, 2020

Did you know that nearly 15 million Americans are self-employed on a full-time basis? The pandemic has set the stage for even more people to become entrepreneurs as businesses close and many in-person jobs are eliminated. The digital entrepreneur is more important than ever, so now could be the time to make your next career move.

But if you don’t want to go it alone or don’t know how to start a business, one of your first steps should be finding a business partner. Here’s how to find the right one.

Consider Current or Former Coworkers

One of the best ways for the digital entrepreneur to find a business partner is to consider current or former coworkers for the job. You already know your coworkers’ work ethics because you have worked with them before. Choose the coworker who you worked well with in the past and who takes an interest in your business.

Ask a Friend

While some people may advise against it, asking a friend to be a tech entrepreneur partner can come with several benefits. You’re probably friends in the first place because you have similar interests, get along, and trust each other. Starting a business together could be a good fit. However, if the business fails, the friendship may not survive unless you have clear boundaries and strong communication from the get-go.

Go with Family

Going with a family member as a business partner might also seem like a recipe for disaster. However, many successful entrepreneurs are related. That could be because family is more likely to have similar mindsets, values, and work ethics. Communication can sometimes be easier between family members. You’ll be less likely to have a falling out if the business doesn’t succeed, as your bond will be too strong to break.

Network

For the digital entrepreneur, networking is probably a no-brainer. Online networking communities are taking the place of in-person networking opportunities nowadays, but they also have the added benefit of reaching more people. That means you’ll have more options and you can find an online networking group for almost any job.

Go to a Business Class or Training

A great way to find a business partner (when you may not even be looking for one) is in a business class or training. A new tech entrepreneur can benefit from a class by learning more about their field and by meeting other people who also have the drive to learn more. You and another student may find that you work well together and have the same ideas — a perfect recipe for a strong partnership.

Find Someone Trustworthy

No matter where you meet your next business partner, you will want to make sure that person is trustworthy. Don’t be afraid to ask for references if you’ve just met a potential partner. You should offer up references for yourself, as trust is a two-way street. It’s also a good idea to take some time to get to know someone before you dive in.

Find Someone Eager

Whether your partner is your sibling, coworker, or someone you’ve just met, they should be eager and excited to start a business with you. If they go into this new venture halfheartedly, they may not be in it for the long haul. You want someone who’s passionate about what they do and someone who wants to succeed.

Find Someone Who Complements You

You don’t need to find a business partner who is completely like-minded. In fact, someone who complements you can make the best partner. You may possess one skill set and your partner will have another. Maybe you have a knack for finances and your partner is more capable of designing a website. You will both bring valuable skills to the table, which can create equality and a nice balance.

The digital entrepreneur may need a little help in the beginning. You may want someone to bounce ideas off of, someone to make up for what you lack, or someone who’s just as willing to put themselves out there. That’s why you should take your time to find the right business partner. Look for one in the obvious places, but don’t be afraid to try unconventional outlets, as well. The main thing is to find someone you’re comfortable with and who you can see yourself building a business with.

avoiding entrepreneur mistakes

Follow These Tips for Avoiding Entrepreneur Mistakes

Oct 5, 2020

Nearly 22.5% of smaller businesses are known to fail during their first year of operation. That thought is staggering. You may be wondering, as a new entrepreneur, how you can avoid losing your business that quickly. How do you launch and successfully run a startup? There are actually many pitfalls when it comes to running a business, especially for first-time entrepreneurs. Avoiding entrepreneur mistakes takes guidance from digital entrepreneurs like Rafferty Pendery as well as top tips for entrepreneurs. You need to know how to start a business and keep it running efficiently.

Tip #1 Have a Business Plan

Do you have a business plan? All it takes is a basic plan to start. Failing to plan is one of the first mistakes most new entrepreneurs make. Without even the most basic plan in place, you are essentially planning to fail. It doesn’t matter how small your initial plan may be, either. It is necessary to try avoiding entrepreneur mistakes by mapping out a business plan. Keep in mind to include how much you anticipate selling products and services, how much it is going to cost to operate your business, and one of the most important aspects, who is going to purchase your products and services and why.

Tip #2 Don’t Fear Failure

Avoiding entrepreneur mistakes when learning how to succeed as a tech entrepreneur is part of the process. However, failure shouldn’t be feared. Look at failure as a key to success and fully acknowledge it and learn from it. How you respond after failure shows how capable you are of learning from your mistakes. Failure, in and of itself, is a great key to success that can point you in the right direction.

avoiding entrepreneur mistakes

Tip #3 Know Your Target Audience and Market

Have you taken the time to fully understand your target audience and market? It is common for many startups to lose sight of this integral aspect. Avoiding entrepreneur mistakes includes knowing whether you’re on the right track or not. That means you need feedback from prospective and current customers. Building great products is only part of your success, not the entirety of it. The more you know about consumers and how they feel about your business, the better you will be able to market yourself.

Tip #4 Get and Stay Organized

Have you ever run a circus before? That’s pretty much what it feels like running a business without organization. The successful operation of a business means that you will have many things happening all at once. In order to keep track of tasks that need your attention the most, make a daily list. This is a piece of tech entrepreneur advice that goes a long way in helping you stay more productive.

Tip #5 Get the Support You Need

Yes, you may have started your small business on your own. However, you’re not alone and in order for your business to run efficiently, you need wise counsel. Avoiding entrepreneur mistakes includes seeking the advice of trustworthy advisors ready to discuss your strategy, business ideas, progress, and challenges. Great power and wisdom come with counsel. Use the savvy information from tech entrepreneurship blogs offered by Raffy Pendery to get started.

Surround Yourself with Mentors and Experts

Successful businesses are built from the ground up with support. It is imperative that you surround yourself with mentors and experts that can guide you when you need it the most. This type of support can help you avoid many pitfalls and mistakes that most entrepreneurs make. Make no mistake about it, mistakes are still going to be part of the process since they are inevitable. Just manage your expectations and don’t be afraid to fail. Learn from mistakes so you can pivot your business model when needed.

international public speaker

Ease Your Nerves with Top Tips for International Public Speaking

Sep 16, 2020

Per data provided by Kauffman, nearly 40% of aspiring entrepreneurs in the United States are women, and the number of businesses owned by women is growing at a significant rate that will double the number of businesses owned by men. All business owners share one thing in common whether they are men or women, they need to have the ability to speak in front of the masses whether nationally or internationally. As a business owner, you need to be prepared to speak in public. The more your business grows and is recognized, the more likely it is that you may be asked to speak internationally as a public speaker. People, clients, and consumers want to know the person behind the business. The best way to show them is through public speaking engagements.

international public speakerYou don’t have to be nervous just thinking about being an international speaker. There are tips and techniques you can learn so you become a superb international public speaker, even if you are speaking to groups of people that speak a different language, have various perspectives, and diverse cultural backgrounds. Sure, public speaking on an international level means you need finesse and special skills, but it is not impossible to learn those skills and fine-tune your public speaking abilities.

Become a Successful International Public Speaker Using Resources from Rafferty Pendery

Remember when you were learning how to start a business as an aspiring entrepreneur? You may not have envisioned the need to be able to speak in public as part of being successful. However, common entrepreneur mistakes include avoiding public speaking. There are many resources you can use from mentors and successful entrepreneurs such as Raffy Pendery. He has already helped many businesses all over the world with their social media, marketing, expansion strategies, and much more.

Tip #1 – Market Yourself as an International Public Speaker

Marketing is a top way to expand your business. Public speaking internationally gives you the opportunity to fully market yourself globally. Be sure to project confidence in order to market yourself with poise. The more you show confidence, the more likely you will feel it too. Own the room and respectfully command attention even when you feel terrified.

Tip #2 – Organize Your Thoughts

Before speaking in front of an international audience, make sure that your thoughts are organized, concise, and clear. This is especially important for an international public speaker. You want the information about your business, products, and services to flow seamlessly. In order for that to happen, you need to keep your thoughts in order so they make perfectly good sense to all.

Tip #3 – Find Out More About Your Audience

An international public speaker needs to know the demographic of an international audience. Find out as much as you can about the nationality of your audience before you speak. Every culture has its own ideas concerning proper communication. For example, some cultures welcome eye contact, while others may not. Even how you dress is an imperative factor. Speak with event organizers ahead of time to learn everything you can about the demographics of an audience before your speaking engagement.

Tip #4 – Rehearse Relentlessly

Have you ever had the dream where you are about to speak in front of a crowd and you are speechless? Completely avoid that fear by rehearsing. Practice every day so you become 100% comfortable with what you want to say and how you say it. It will become like second nature when you are ready to speak in front of an international crowd.

Tip #5 – Pay Attention

Even the best-prepared speeches can flounder if you are not paying attention to the audience. Watch how the audience is responding to you. Gauge whether you need to slow down, or even ask the audience questions to keep them engaged and participating. You don’t want to focus so much on giving a presentation as much as you need to convey the key message about your business.

tech entrepreneur

4 Public Speaking Skills Every Entrepreneur Needs

Aug 11, 2020

Did you know that people who have a fear of public speaking make an average of 10% less than those who don’t? Well, if you’re a tech entrepreneur, you might not think that matters. However, a tech entrepreneur, or any entrepreneur for that matter, can lose money as well if they aren’t good public speakers. And, there is a certain set of public speaking skills that every entrepreneur should have. Here’s what they are and why it matters.

tech entrepreneur

Offer Useful Information

 

Many tech entrepreneurs will inevitably find that public speaking is an important step to gain investors and customers. Offering your audience useful information, rather than a running advertisement for your business, is one of the most important skills. A prospective investor or customer wants to know how they can benefit from your product or company. Give them that useful information or entrepreneur tips in a clear and simple way that proves they want your product or services. Otherwise, they might just tune you out.

 

Ability to Shock

 

Sometimes it can be difficult to reach an audience, especially during a presentation. Rather than bore them with graphs and charts, do something different—something that no one will expect. Use music, visuals, personal stories, tips for entrepreneurs, or even entrepreneur mistakes you’ve made to get their attention. In fact, one study shows that an effective presentation is 55% nonverbal communication, 38% your voice, and only 7% your content.

 

Be Inspiring

 

It may seem like an obvious skill for any public speaker to possess, but you need to be inspiring in order to reach people. If you’re a tech entrepreneur, your audience may be inspired by your success and want to know how to replicate it. Tell your success story in a way that others can understand and can apply to their own situations.

 

Respect the Audience

 

No one wants to listen to or watch a long, drawn-out presentation. Be sure to respect your audience and keep your speech a reasonable length. You shouldn’t go on longer than your allotted time, and make sure to show up early enough to set up in advance. You’ll want to make clear at the beginning of your presentation what you will be covering. You will also need to allow time for questions and answers.

 

You might not realize the importance of public speaking if you’re an entrepreneur; however, if you ever need to give a presentation, keep these four simple skills in mind. You will be able to deliver your message more succinctly and possibly leave a lasting impression on your audience.

common entrepreneur mistakes

Why Most Business Startups Don’t Live Past Their First Year

Aug 7, 2020

An estimated 22.5% of small businesses do not go past their first year of operation. Why is the entrepreneurial journey quite difficult for first-time entrepreneurs?

 

Well, one of the most significant aspects of starting a business is having a plan and staying committed to it. For first-time entrepreneurs, it might not be an easy journey, but with resilience and the right knowledge, you will succeed. Below are some of the common entrepreneur mistakes you must avoid.

common entrepreneur mistakes

Lack of Proper Preparation

 

Even the best marathon runners the world has seen will attest to the fact that their race begins months before the actual competition. The same case will apply when starting a new venture. The first step before opening any business should be getting equipped with the requisite skills and entrepreneur tips.

 

Starting a business takes more than just money. Embrace focus, concentration, hard work, and dedication, the rest will be history. Consequently, you will need to seek tech entrepreneur advice from experts in the field.

 

Unreasonable Goals

 

Starting a business and setting goals go hand-in-hand. One of the common entrepreneur mistakes associated with startups is setting unrealistic goals. Although failure is sometimes inevitable, your businesses should not be failing all the time.

 

Your business goals must be realistic, attainable, and within reach. Develop a set of short-term and long-term goals, and they should be specific. First-time entrepreneurs can sometimes be carried away by the idea of aiming higher and forget about specific business short-term goals. Avoid impractical goals since they are likely to leave you with a sense of failure.

 

Little Knowledge about the Industry

 

Understanding your industry goes beyond the basic market research. Succeeding as a tech entrepreneur will need you to work in the tech industry for some time and learn the basics of the sector.

 

Assuming you know everything just because you have the resources is among the common entrepreneur mistakes you should avoid. If you have a great business idea, begin by getting a job in the sector or else you will be in for a rude shock. Being a successful tech entrepreneur is a long process, but each stage comes with new experiences that increase your knowledge in business.

 

Doing It All Yourself

 

Becoming a successful digital entrepreneur will take more than personal effort. When starting a business, there is the notion that no one can do the job better than you. For sure, no one understands your products better than you do, but doing it all by yourself may not work.

 

Besides being a recipe for burnout, this approach affects the progress of your new venture. Get a business mentor and let them guide you on the best practices for your new investment. Finding a business partner should, however, be approached with caution.

 

When the business is still new, the operations are minimal, and you have the energy to do them all. As time elapses, your startup grows, and the number of operations expands. In such instances, you must be ready to delegate some of your responsibilities as you focus on the management aspect of your business.

 

Doing Too Much At Once

 

The early stages of a business are filled with ambition, which can sometimes be misleading. While successful entrepreneurs are diverse and versatile, startups will need a different way of doing things. Focusing on many things at once is among the common entrepreneur mistakes you should avoid.

 

Figure out what you are best at and base your venture on it. It would be better to focus on a single aspect and grow than focus on many and fail in all.

 

Ignoring Relationship Building

 

One of the most common entrepreneur mistakes you are likely to make is ignoring your customer base and focusing on sales instead. While this approach will work for you, it will be a matter of time before customers start questioning your ways.

 

Take time and respond to individual customer queries, be it in social media or directly. After all, you are a tech entrepreneur, and the essence of communication cannot be emphasized enough.

 

Final Word

 

Mistakes are sometimes inevitable in the life of an entrepreneur. As a budding entrepreneur, never be afraid of failure as it is part of the process. Contact us today to learn more about startups and entrepreneurship.

Tips for Becoming an International Speaker

Jul 17, 2020

You may have started your own business or you may be considering becoming an entrepreneur, but one of the most common entrepreneur mistakes you can make is not being prepared for international speaking. Regardless if it is one of your long term goals for your business, you should consider dabbling in international speaking. Listed below are some tips for helping you become an international speaker.

Practice Public Speaking

One of the biggest tips for avoiding entrepreneur mistakes when it comes to international speaking is to practice public speaking. However, this aspect is often overlooked and can lead to the speaker developing speech anxiety after they have already traveled to their speaking location. Three out of four people experience speech anxiety. This is why it is important to practice public speaking before you make the jump to international speaking. Go to local events and speak locally. This will also help to build your rapport.

Learn From Other Speakers

While it is not always beneficial to compare yourself to your competition, studying the competition can provide you with much-needed education. Attending speaking events can help you to understand how the events play out. You can watch how the speaker interacts with the crowd. Perhaps their slideshow does not work effectively during the event and they come up with a solution on the spot. This quick solution may also save you at some point down the line. Bring a journal to these events and jot down any ideas you may have to help you when you become a paid international speaker.

Practice a Foreign Language

International speaking involves traveling to places you may have never been to before, as well as experiencing a culture that may be different from your own. Learning how to speak some basic words and phrases in another language can help you navigate your new location, as well as connect with more people. You may be more sought after for international speaking if you can speak somewhat fluently in the native language, as this would open up your audience pool. However, just knowing some basic phrases can show that you are interested in appealing to that audience and are dedicated to learning.

International speaking can feel like an overwhelming goal to have at times. While it is not for the faint of heart, it can be very beneficial for your business. Remember that practice makes perfect when it comes to public speaking.

how to start a business

How Do I Start a Business?

Jul 2, 2020

Starting a business is no simple feat and many entrepreneurs are born from trial and error, along with patience. However, there are some basics that many new entrepreneurs can start with when they are considering learning how to start a business. We will discuss common entrepreneur mistakes and tips for how to avoiding entrepreneur mistakes, as well as important things to consider.

how to start a business

Start with Your Interests

What are you genuinely interested in? When starting a business, uncovering your interests is often a great place to start. Finding what you are interested in can help you determine other interests you may have. This could lead you to discover unique avenues to take for your business that will still bring you satisfaction. It also helps to organize your priorities during this time. Perhaps, your business will not entirely pique your interest, but it satisfies many of your top priorities which will make it worth it to you in the long run. Learn about what you are willing to sacrifice and what you value along the way.

Speak with Others in Your Intended Field

Once you have settled into your area of expertise for your business, it is important to speak to others who have made a business out of it. These people may eventually be your competition, but it is important to gauge how they run their businesses. This may help you determine whether or not this path is the right one for you. Add these people to your network and ask them important questions when the time arises. For instance, you may want to ask them how they got to where they are today or if they would share their resume with you.

Always be Open to Learning

In the entire world, there are 582 million entrepreneurs. There will always be something new that you can learn, especially when it comes to learning how to start a business. New information and new experiences are put out every day, which can be valuable tools for education. Keep an open mind when going into new situations and be open to new ideas that may come from others.

These tips for entrepreneurs were created in order to help individuals navigate starting a new business. The creation of a new business can feel overwhelming, but taking it one step at a time is key.

how to succeed as a tech entrepreneur

How to Succeed as a Tech Entrepreneur

Jul 1, 2020

Entrepreneurship is not, by any means, an easy road to go down. However, it is one of the most rewarding. Successful entrepreneurship takes more than just dedication and patience, it takes know-how. Equipping yourself with tried and true tips of the trade can help you to learn how to succeed as a tech entrepreneur.

Network

how to succeed as a tech entrepreneur

One of the most important things you can do as an entrepreneur is to network and then network some more. You may hear the importance of networking everywhere you turn. However, it may be difficult to know how one should exactly go about it. There are actually many different ways that you can begin networking yourself. The first mode is to reach out to your friends and family. Let them know what it is that you do and what problems you solve. If they do not have an immediate need for your services, they may know of someone who does. You will also want to attend networking events or events that feature speakers. You may also want to look into being an international speaker yourself. These events may focus on one individual, but then allow a few hours for everyone at the event to converse. This is your time to stand out.

Build a Presence in the Community

Learning how to succeed as a tech entrepreneur will also involve knowing how to utilize your community. Many entrepreneurs overlook the needs of their local community. 69% of entrepreneurs will start their businesses from their home. This means that is important not to erase those who live locally from the bigger picture, although they might not be your intended end goal. Your local community can provide you with an invaluable foundation to build up from. Become a face in your community by attending local events, sponsoring fundraisers, or sharing local posts. This helps to put a face to the business.

Utilize Social Media

Common entrepreneur mistakes can sometimes center around the use of social media. It is not enough to just make social media profiles, as you also have to know how to properly use them. One of the first basic steps for the digital entrepreneur is to narrow in on your demographic. Who is it that will benefit from your services? Sometimes, it helps to jot down information about this potential customer. This can help you streamline your social media content and better target your intended audience.

Avoiding entrepreneur mistakes can seem like a daunting task and learning how to succeed as a tech entrepreneur may feel like an out of reach goal. While everyone will make mistakes along their journey, entrepreneurs are best known for learning from them quickly and making the necessary adjustments to secure success. These tips will help you to continue progressing as an entrepreneur.

raffy pendery

What You Need to Remember to Be Successful as an Entrepreneur

Jun 8, 2020

There are as many as 15 million Americans that are full-time self-employed. Now more than ever it’s possible to have a career as an entrepreneur. Unfortunately, many people try and fail to make their entrepreneurial dreams a reality. It’s important to keep in mind a few key entrepreneur tips to increase your chances of success. Here’s what you need to remember to be a successful entrepreneur.

 

1. Don’t fear failure

raffy pendery

Many people, including Raffy Pendery, have had failures when it comes to making their business a success. Bill Gates, one of the most successful tech entrepreneurs in the world, had his first business called Traf-O-Data fail before he was successful with Microsoft. Walt Disney started a business called Laugh-O-Gram that eventually went bankrupt in two years. The point here is that you’ll probably make a lot of mistakes when it comes to starting your entrepreneurial journey. Don’t be afraid to take calculated risks and try different ideas. If some of those ideas fail, learn what caused those failures, and use it to help make your business more successful in the future.

 

2. Be patient

 

As alluded to in the point on failures, success takes time. If you’re an entrepreneur starting a business as an international public speaker, you’re not going to be speaking to an arena full of people in your first speaking engagement. Similarly, if you’re trying to be a tech entrepreneur, you’re not going to create the next Google or Microsoft overnight. It’s important to be patient and work hard on a daily basis. It’s through persistence that entrepreneurs like Bill Gates and Raffy Pendery eventually became as successful as they are today.

 

3. Grow your knowledge

 

As an entrepreneur, you’re going to be doing a lot of the work when it comes to your business. While it’s helpful sometimes to hire someone to take care of complicated tasks, it’s also good to learn how to take care of them yourself. You can find online classes to take on subjects such as graphic design or bookkeeping. With the knowledge you gain, you might save money not having to hire someone to do those tasks for you. Raffy Pendery has also mentioned the importance of mentors. They’ve been on the path you’re on now, and can provide a wealth of knowledge that can help you avoid common entrepreneur mistakes.

 

The number of new entrepreneurs have continued to grow in the last few years. With the rise of the internet, there are more opportunities for people to succeed in starting their own business. Keeping all of these tips in mind can help you be more likely to succeed as an entrepreneur.