Starting out as an entrepreneur can be hard, and as someone who’s done it, I wanted to share my top five tips for the budding entrepreneur on the Htet Tayza blog this week!

Where Do You Even Start as A Young Entrepreneur?

People often think that once they’ve thought up their million dollar idea, the hard works done, and they’ll cruise on the path to success. In my experience, I’ve found that this couldn’t be further from the truth. Coming up with an idea is easy; translating it into success is the tough bit. It’ll seem like the whole world is against you, and all of the sudden, you have a tonne of decisions to make, and if you make even one mist-step, everything you’ve worked for could go down in flames.

Htet Tayza’s Top Five: Learn from the Wisdom of Those Who Have Gone before You

Learn from the wisdom of the entrepreneurs who have walked before you and lighted your way along the road to success. My personal experience walking this road has taught me that there are five things you need to remember to stay the course and turn your dream into reality:

1)      Trust Your Gut: I cannot say this enough. This is your idea, not anyone else’s. Whilst it’s good to take advice, you know your project better than anyone else; you’re the one who saw the gap in the market and found a way to fill it. That gut instinct has brought you this far, it will carry you the rest of the way.

2)      Embrace Reinvention: Even at this early stage your idea isn’t perfect. Evolution is essential to business survival, and if you don’t reinvent your idea so that it’ll work, your steadfastness will leave you with a business that isn’t able to capitalise on the realities of the market you are trading in.

3)      Ignore the Pessimists: There will be people who say you’ll never make it. You can’t avoid this, and you shouldn’t change your idea beyond all recognition just because someone says no. Use their criticism to fuel your determination.

4)      Believe in Your Idea: Whilst you will need to adapt your idea so that it will make a profit, the core of your idea needs to stay steady. Believe that it can work, otherwise, how do you expect anyone else to?

5)      Don’t Give Up: Don’t let anyone knock you down. Someone says no? You go to someone else, you try another approach; you do anything to make your dream come true.

When you embrace the role of an entrepreneur, you are treading into dangerous territory, where you could quite easily stumble and fall. Use these five tips to guide your way through the rocky terrain on the road to success.

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About Htet Tay Za

My name is Htet Tay Za and I’m a young banking professional from Myanmar. I was born in Yangon, Myanmar twenty-four years ago. I have a keen interest in business, cuisine, lifestyle and philanthropy.

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