Successful entrepreneurs have an approximately 30% chance of succeeding in their next business venture, according to a Harvard Business School paper. While this pointedly shows that achieving in business can lead to more success, it isn’t complete doom and gloom for those who have had setbacks.
The same report showed that approximately 20% of entrepreneurs that previously failed will succeed on their next venture-backed attempt. While the numbers are not overwhelming, it shows that understanding how things can go wrong — and how to avoid it — can be all an entrepreneur needs to make it in business.
So what should you keep in mind? Here are some of the most important things entrepreneurs need to be doing differently today in order to achieve success in the modern business world, according to seven members of , ranging from constant learning to delivering real value and problem-oriented solutions to your customers.
1. Always Be Learning
Be a perpetual student. By always learning about things you are unfamiliar with, you will grow your bank of data to draw from, be creative and relatable to the changing world. It primes you to have the right mindset to seize new opportunities. – Paul Ford, Orchestra Rx LLC
2. Embrace Social Media
Embrace social media and the opportunity to get your name, brand and message to the entire world. Create content consistently and utilize social media to spread your message at an inexpensive rate. Marketing your business is easier today than any other time in the history of the world! – RJ Bates III, Titanium Investments, LLC
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