Many self-starters and entrepreneurs dream of building a successful business. But, what does it take to succeed? Gathering tips and information from others who have seen success in your desired industry, as well as other sectors, is a great place to start.
Richard Galvan is an experienced entrepreneur from Rio Grande Valley, Texas who enjoys sharing his expertise with others. After attending the University of Texas, Richard started his first job at Dell and quickly discovered a passion for technology. Eventually, after 10 years at Dell as a regional account manager, Galvan started G5 Internet Services, a company that delivers high-speed internet and streaming services to residential, commercial, and state and local governments. As an entrepreneur, Galvin has years of business experience. He shares his top tips for self-starters and entrepreneurs looking to start their own business.
Harness Your Passion
In order to be successful as an entrepreneur, you’ll need determination and drive. As a self-starter, you will spend a lot of time and energy pursuing your goals and this effort will come much more easily if you are focusing on an idea that you’re passionate about. According to Richard Galvan, passion is what separates successful entrepreneurs and self-starters from those who fail. If you don’t have a deep passion for what you’re doing, you’ll be much more likely to give up during the tough days.
Learn More About Your Industry
Before jumping into any business, you’ll want to do some research. This research will not only help you determine if your business will be feasible and profitable, but can also help you establish other important information like price points and which valuable products or services you should be offering. Richard Galvan suggests talking to someone who already owns a successful business in your industry. They will be able to provide helpful advice and tips and may also have specific insight that can directly help you succeed. Ask questions and take their advice to heart — it’s always better to learn from the mistakes of others than to make those mistakes yourself.
Have Confidence in Yourself
Being confident in yourself and your skills is an important aspect of success. Confidence will help you believe in yourself and, when portrayed to others, will allow them to trust and believe in your capabilities as well. For some, when starting out, undercharging or not understanding their worth can be an issue. Both confidence and research are important here. Richard Galvan recommends looking at similar businesses in order to establish a price point. Based on your skillset and offerings and the offerings of similar businesses, you can establish a price point that will be fair to both you and your customers.
Establish Your Goals
Creating a one-year, five-year and even a 10-year plan is a great idea for entrepreneurs and self-starters. Be honest with yourself in terms of what you believe you can achieve. Put together a list of your goals then take the time to consider the steps you’ll need to complete in order to achieve them. This will give you a clear idea of the path you need to take and will hold you accountable as you work your way towards these goals. At the end of each year, or even more frequently, assess where you’re at. Are you on track to reach your goals? What can you do to improve? What is being done well?
Establish a Positive Reputation
As an entrepreneur and self-starter, you’ll want to establish a strong and positive reputation in your industry, especially when you’re starting out. Do everything in your power to provide great quality products and services along with the best customer service. Richard Galvan notes that showing customers and clients that you care about them and building relationships with them early on will greatly contribute to your success.
Build Strong Relationships with Customers and Peers
By developing strong and trustworthy relationships with customers and clients, you can help your business succeed. Not only will these relationships help to ensure you have lifelong customers but it will also give customers a reason to recommend your business to others. In addition, building relationships with fellow entrepreneurs and peers can help you learn, build, and grow.