Three entrepreneurship tips from Jessica Thiefels, the contributor for Next Avenue, have been discussed in the previous article. They include taking Nike’s advice to just run the business without having to wait longer, building a strong team, and getting emotional supports from spouse, relatives, or friends. They provide you with positive energy when running the business for the first time in your life. Some experts even say that sometimes friends are better source of emotional support than relatives are.

More Entrepreneurship Tips from Jessica Thiefels

Jessica Thiefels depended much upon others’ support during the first year of running business. Beginner entrepreneurs sometimes do not know what they are doing from one day to another. Friends can be great sources of supportive ideas. Besides  entrepreneurship tips, Jessica Thiefels shared the following tips:

Working with Professionals

Even if your business is still small in scale, you cannot do everything yourself. Some aspects in the business management must be handled by professionals. They include aspects that need special expertise, such as web design and development, app development, bookkeeping, financial management, taxation, and many more. In these cases, hiring a professionals may be a smart choice.

Jessica Thiefels did hire professionals for financial management and web design. Both are crucial even for new businesses, but she had little experience with them. She had financial accountant remind her when the schedule of tax payment is coming. This way, she could pay the tax on time.

Learning from the Mistakes

Making mistakes is a common thing that beginner entrepreneurs do. Thiefels realized this very much. Therefore, she learned from things that did not go with the plan. During the first time of being an entrepreneur, you may still be experimenting with different ideas to see how they work for your business. As Nike’s advice goes, just do it. You play with ideas from day to day, and you will see different results.

Of course, not every idea goes as planned. Some ideas may not work, while others show little, if any, effects on your business. However, that does not mean you can give up.  Jessica Thiefels said that she failed hundreds of times during her first year of running business. Therefore, she used the failure to learn by asking the following questions:

• What is going wrong?
• Why did the ideas fail?
• What triggers the failure?
• What did I learn from the mistakes?
• Many more

In other words, learning is the key. Nothing is successful without learning, since this is a process toward success. Sometimes, even small mistakes can have serious effects on the business.

Giving Yourself Time

By learning from the mistakes, you can identify things that you should improve in the future.  Evaluation becomes a great tool to see where you are in the pathway toward the targets. This way, you can set different schemes to achieve them. Jessica Thiefels admitted that the process takes time.

Therefore, make sure to build a strong commitment for success before you decide to run the business. This way, every mistake and failure will become another encouragement for you to make improvements in every aspect of the business.