5 Do's of the Successful Entrepreneurs

Writer: Nuzul Nazar

How to be a great-businessman without leaving your today’s job & routinity!

For many years, every time I hear about “Business” as a financial option or a transactional action to fulfill the entire living costs, elusively it keeps going on and on in my head that the terminology were actually full of intricate secrets.

Even worst, at some point my state of mind concluded that; I’m not gifted as an Entrepreneur so just be the best “working bee” for everyday and stop continued the dream to have a business on my own leadership.

Maybe you thought about it like I’ve used to be. But suddenly, everything is changed after unexpectedly I’ve meet again with Vivien Indrawati, my fellow-mate which also one of the top professional consultant in Strategic Finance - Managing Director of Sien Consultant Indonesia.

At first, she told that my old-paradigm of Business was truly right. “It’s not easy to start running a business. Cause during the process, the journey will introduce you with lots of challenges. That is why, to minimize the difficulties you must be well prepared,” Vivien said.

Analyze A to Z
Before you make a move, first of all you have to analyse the details (on the scope of business) that you decided to run. There’s a point of view of present situation, opportunities and prospect that must able and balanced with your judgements; based on your capability in terms of preparational periode, fundamental structures and infrastructures, also the needs of basic capital and resources.

Knowledge is Power
Just like the old-man used to said; Knowledges is Power. So, fulfill the lack of certain information. You may used a lot of methodology of scientific research such as IDI (In Depth Interview) or even you can make a class of FGD (Focus Group Discussion). In an era of urban-digital which offer more simplicity, internet and video tutorials will make your lessons became easier to be implemented.

Strategic Design
Specify the steps including the timeline predictions and processed. How long the target of investment will be returned (RoI). Carefully choose the optional and prosedural financial strategy also the organizational system that will be implemented (HR Budget). How about the routine expenses and target of sales?! Think about all the aspects clearly before get started in any kind of action.

Capital$
And again it’s all about the money. Estimated it all and be prepared for “the numbers” as your capital venture; calculate the material structures, venues, resources and equipments, etc -that totally will supports your daily business’ activities.

Legal Paper(s)
It’s not just an administrative routinity. From an entrepreneur perspective, it means that a legitimate company obviously will runs more smoothly from the opposite. Last but not least, for sure as a good-citizen we also must pay taxes annually, right?!

So, what are you waiting for?! After all the things get settled, it means that the preparation phase are almost come to end. It’s time for some real actions. Now encouraged yourself cause every businessman were truly also a Risk Taker. [nzl]