That one essential thing your start-up depends on

One needs to be absolutely sure that the idea is feasible and has chances of gaining success

It is very important to take into consideration one aspect before you start up and that is validation of your idea.
Validating the idea you want your start-up to be based around means verifying, ratifying and substantiating you idea before actually taking putting your idea into action.

Validation is necessary because entrepreneurship and development of an idea requires immense amount of time and effort because something could actually materialise. So, if one is investing so much into an idea, one needs to be absolutely sure that the idea is feasible and has chances of gaining success without which the whole venture will head to a failure. Also, validation of the idea is crucial for you to plan for the future.

Related post: Should you quit your day job to launch your startup?

You can gain a clear idea about the demand for the product or the service, your target audience and also your future expansion plans.

Sample batch:

It is always better to do a thorough market research about your product is going to be received in the market. If the response is more on the positive end, you can be assured that it’s a great idea and will work out well where as if the idea fails with 4 out 5 people from your sample, it is doomed to be a failure with most of them. For this, you need to be careful about selecting your target group and presenting the idea to them as well.

Your friends or colleagues can also serve as great sources of validation. If you look up to someone or are being mentored by someone, they can also serve as validation.

This sample test will also give you much needed insights about your product and help you understand what customers demand thereby giving you a chance to make your product better.

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Self-validation:

For an entrepreneurial success, it is essential that the entrepreneur believes in his/her product and is able to stand up for it because if the maker is not confident, s/he is not in a position to convince others.

Hence, as an entrepreneur, you need to be cent percent sure about your product entirely.





7 tips you must follow for a successful entrepreneurial life

All successful entrepreneurs like Bill Gates, Mark Zuckerberg, Henry Ford were successful because they put in their life’s efforts to make their big idea work

A lot of people chase success in their lives and leave it on destiny to make them succeed. What they forget is that to be successful, it is absolutely important to be hard working and come up with new ideas. Also, maintaining a disciplined life is essential for gaining success. All successful entrepreneurs like Bill Gates, Mark Zuckerberg, Henry Ford were successful because they put in their life’s efforts to make their big idea work.

Here are seven tips you could follow to gain success in entrepreneurial life:

1. Have a vision

This might seem like a apparent thing to do but a lot of people forget this initial yet crucial step. It is important to set your goals and the path by which you would achieve the goal because if there is no goal, what are you even doing? The visualisation of success will help you remain more positive and focused and because you’re focused, your hard work will get you there quicker. Along the way, you’ll be amazed to see how you can take simple ideas and convert them into big achievements.

2. Have a routine

Waking up at 12 pm and working till 5 am might seem feasible but it definitely isn’t a healthy routine. Because an entrepreneur is always under so much stress, his health shouldn’t be compromised upon. You should wake up early and have proper meals to keep yourself energised for the day. Also, try and exercise thrice a week to keep your health in proper shape. Once, you are healthy you are able to focus and work better which is important for your success.

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3. Overcome the barriers

As mentioned before, an entrepreneur’s life isn’t a smooth sail. It has its ups and downs and there’ll be many barriers that cause hindrances in your path. However, you should be determined and try and work out a solution for each barrier. The biggest obstacle is the one you set for yourself and it can be overcome only when you decide to test your inner strength and decide to defeat it. Also, as long as you don’t give up, the barrier can be beaten.



4. Keep your mind and body in good shape

You can’t work hard if your body and mind don’t cooperate. Try and take breaks between long stretches of work and do something constructive like watch movies, read a book etc which will keep you inspired to work harder with a fresh mind. Also, as mentioned before, an entrepreneur needs to engage in some sort of physical activity because it is essential for your body to support you in your endeavours.

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5. If things aren’t going your way, don’t be disheartened

The road to success isn’t a plain road; it is full of hurdles and potholes. There will be many obstacles that will come in your way and you’ll be tempted to give up at many points. However, you should rely on hope and your hard work and not lose it no matter what. If you lose hope, you lose half of the battle. In the end, because of your hope and inner strength, you will be able to overcome all obstacles and emerge stronger.

6. Use your time wisely

Time is a wonderful gift and might turn out to be your worst enemy if not utilised sensibly. As an entrepreneur, you have a million tasks and you need to manage your time wisely in order to gain fruits out of you hard labour. Make a list of the tasks you need to do in a day and complete the most important tasks first, followed by the less important ones. However, if you think some tasks aren’t very important, you can delegate it to your team.



7. Be patient

No entrepreneur became successful overnight; a lot of hard work and perseverance has gone in to becoming a successful human being. Patience is an important virtue every entrepreneur needs to have and practice for success. At times, you will see your venture failing and decisions not bearing success, but you need to be patient and wait for your idea to click.

Related Post: 8 things successful people do before going to bed

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6 ways in which your personal life affects your professional life

An entrepreneur is expected to work so hard that his personal life is almost non-existent.

An entrepreneur is expected to work so hard that his personal life is almost non-existent. However, this practice in reality isn’t a very good thing as a person’s personal and professional lives aren’t as different as black and white. They are interdependent and the enhancement of personal life is crucial for some aspects of professional success.

Here are 6 ways in which your personal life affects your professional life:

1. The way you communicate

The way you communicate is largely dependent on your personal life. Through the way one is speaking, the listener can make out a lot of things about the speaker. If something is bothering you, one tends to not be very jovial and the communication is professional. One might also tend to snap back or give curt replies if something in his personal life is affecting him.

2. Problems in your personal life could distract you

This is a no-brainer because if a person is facing issues in his personal life, it is bound to show up in their work as well. Problems between couples or family issues might demotivate the employee and that affects the productivity of the company as well.

3. Social media profiles

Social media profiles are no longer personal to a human being. Profiles on Facebook and LinkedIn are out there for everyone to see. If your LinkedIn profile features you in a crisp shirt looking professional and your Instagram pictures reveal a different story altogether, you might be in a dilemma.

The human resource managers these days are supposed to monitor social media profiles and are expected to find out what a person is up to.

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4. People to fall back on

An entrepreneur’s life is very tough as we all know. Taking risks and challenges constitutes to a major part of his life and some risks might not work out as one expects them to. this might lead in depression and dejection and during such moments of despair, one needs people to fall back on more than ever. The person you trust the most could act as your cushion and motivate you to do better.

Along with sharing dejections, it is necessary to have someone to share successes with as well. The people you fall back on could be anybody- parents, siblings, spouse, friends, mentors etc.

5. Tragedies or losses in personal life

This point is pretty explanatory as a loss or tragedy one faces in their personal life does affect one’s professional abilities as well. One loses motivation to work on drab days and tends to slack off which affects productivity majorly. Prolonged days of depression affects to emotional burnout which can hamper the company gravely.

Hence, when one’s facing something so intense, they should take a break and deal with their sorrows instead of not being able to focus clearly thereby affecting output at their profession.

6. Time crunches

Personal life can also pose a threat to the time one devotes to their profession. Balancing time between a family and a full-time job isn’t easy and a lot of people fail in maintaining this delicate balance and end up doing everything half heartedly.

For instance, a co-employee left office by 5pm each day and on the day of an important meeting; he said he had to take his son for a vaccine. This affected the meeting as he had a major role in the presentation.

Related Post: 3 Reasons why every entrepreneur needs to invest in their love life

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4 action tips which will help you be triumphant in life

An entrepreneur knows the actions needed to take in order to be a more successful person

Reaching the end goal isn’t comprised of a few big leaps, instead, it is journey of several small steps which help you get there. You might think a big marketing idea might double your profits, but if the basics aren’t clear and set, your whole venture could result in failure. An entrepreneur knows the actions s/he needs to take in order to be a more successful person.

4 Motivational action tips to become successful are:

1. Clear vision and a reasonable purpose of action

An entrepreneur should have a vision for his innovative idea and a goal for his/her business. If there are no targets or aims to fulfill, what is the point of your venture? Without a target, you can’t be productive or measure your productivity levels.

Hence, one should have an articulated vision and a defined goal which needs to be communicated to the whole team properly so that everyone’s on the same page. This enables unity and coordination amongst the team as everyone works to towards a set and defined goal.



2. Drive and momentum

Drive and momentum are two most difficult things to achieve but they’re absolutely crucial for your business. You need to constantly keep going as the markets are dynamic and your static business won’t really gain you anything. Start taking small but confident steps towards you goal and you will find the process to be much easier than you expected it to be.

Also, if you feel demotivated or feel things aren’t going in your favour, take a small break from work and do things you like. This will help clear your mind and refresh the drive. Once, you have gained the much required momentum, nothing can stop you from achieving what you want to. Also, it is very important to keep this drive alive in your team as well.

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3. Motivation

An entrepreneur constantly needs motivation in life to keep pushing forward and achieving his end goal. However, this might be very difficult when one is clocking long hours and is bogged down by work.

But, one can aspire to and find motivation in simple things. Reading a great book or watching an inspirational movie like the Pursuit of Happiness or Rocket Singh will motivate him to achieve his goals and focus on them better.

Stop being pessimistic and focusing only on the negatives, instead, you should be focused on the happier and more successful elements that’ll help you succeed in life. Yoga and meditation can help you greatly with being optimistic.



4. Be intrepid and spunky

The worst thing an entrepreneur can do is be afraid- to take risks, lead a team, expand a venture or anything else. Your decisions are either going to work or fail. If they work, you are going to benefit greatly from them and if they don’t, you need to pull yourself and start again. At least, you’ll be aware of the mistakes you shouldn’t be making for the second time.

The markets are constantly evolving and it is essential for an entrepreneur to be innovative and spunky because you can’t keep revamping an old idea and living your life on it. New innovations are appreciated and will help you become more successful.

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