3 Tips Every Entrepreneur Must Know

By Andrew Lie I July 30, 2018

In today's rapidly evolving business landscape, it may be easy to lose yourself in the voice of competitors. Don't worry, TorontoEntrepreneurs.ca got you covered! Here are 3 tips every successful entrepreneur needs to know.

Tip #1: Criticism is Positive

Often times, we treat our startup as our baby and although this is a good thing, it could also result to being sensitive to any criticism we face. However, one main key to unlocking the treasures of success in business is to take criticism as a positive. Think of it as the ingredient that could potentially improve your business from good to great!

Tip #2: Understand Your Target Market

Being an entrepreneur would entail being exposed to numerous different types of segments in the market. Therefore, it’s important to make sure that you recognize and understand the target market you are specializing to. This would speed up the process of marketing your product/service to the right people, which would lead to sales for your company.

Tip #3: Be Flexible

You may have a clear vision of what your business is like. However, it’s good to keep in mind that in today’s turbulent economy with revolutionary technological advances and new trends, change is inevitable. Don’t be hesitant to go back to the drawing board and reassess your strategies. The more flexible you are to adapt to new changes, the further you’ll go in your entrepreneurial venture!

This article was written by Andrew Lie, Marketing & Sales Coordinator of TorontoEntrepreneurs.ca. Our next Toronto Entrepreneurs Conference & Tradeshow (#TECONF) is on December 5th, 2018 at the Metro Toronto Convention Centre. For exhibitor opportunities, visit https://www.torontoentrepreneurs.ca/shop