Skip to content
Tweak Your Biz home.
MENUMENU
  • Home
  • Categories
    • Reviews
    • Business
    • Finance
    • Technology
    • Growth
    • Sales
    • Marketing
    • Management
  • Who We Are

So You Think You Can Be A Successful Entrepreneur?

By George Meszaros Published November 20, 2015 Updated December 1, 2022

Everyone wants to own a business that will make them the next Forbes billionaire. But if it was easy then everyone would be doing it, so we know that’s not the case. The truth is: Becoming a successful entrepreneur is hard. Over 66% of startups fail within the first year.

However, if you feel like you have what it takes, if you’re willing to fail and you’re willing to learn, here are some important tips to help you become a successful entrepreneur.

Ask For Advice

Surround yourself with smart and successful people who are willing to share their knowledge and experience. Search for a mentor. The most successful entrepreneurs all mention having mentors who were invaluable to their success.

When you reach out to entrepreneurs for advice it is good to have a few questions ready.

The following questions are a good start, but feel free to modify them to fit your own situation:

  • What would you do differently if you had a chance to start your business all over again?
  • What were some of the biggest challenges as you started your business that you wish someone had warned you about in advance?
  • What aspects of my business should I focus most of my energy in the next 6-months?
  • What key performance indicators should I look at to evaluate the progress I am making with my business?

Let Someone Else do the Work

Successful entrepreneurs know how to delegate. Use the skills and knowledge of your team members to get things done, that’s why you brought them in. Delegate the task to the best person for the job. Hire the best developers and designers for branding and to improve your online presence if you need to.

If you are unsure what tasks to delegate, here is a short list:

  • Simple tasks – If you can train someone to perform a task in less than an hour, it should be outsourced or delegated immediately.
  • Repetitive tasks – If you are answering the same or similar questions through email, hire a VA to respond to support emails.
  • Time consuming tasks – This is a tricky one. There are time-consuming tasks that you should not outsource such as networking with potential strategic partners. But, designing your own website when you are not a web designer should be outsourced to an expert.

Move On from Your Mistakes

Don’t expect to be infallible as an entrepreneur. Successful entrepreneurs have all made major mistakes as part of their journey. What sets a them apart is their ability to admit the mistake, learn from it, and become even better.

Don’t Settle

It’s easy to be tempted by an offer or an opportunity even when you know it’s not the right fit for your company. If you hang on, the right opportunity is likely to be right around the corner.

Make Lists

Sounds easy, but just ask yourself what needs to be accomplished in the next two weeks, one month, six-months for your business. Probably a lot. Planning is hard but it works. Use lists to track your progress and help prepare new goals.

Task lists work best when you:

  • Set actual deadlines.
  • Assign a person responsible for accomplishing a goal.
  • Keep people accountable.

Build Professional Relationships

I have interviewed over 160 entrepreneurs. The importance of networking is a common theme entrepreneurs have shared with me. Your networking ability can make or break your business. You may think minor relationships don’t matter, but they can become priceless down the road. The tweet you respond today could turn into a strategic partnership in the future. Network is doable even if you are an introvert.

Keep up a Social Presence

Success is directly related to your accessibility, availability and ongoing presence on and offline. Connect with your community by using a variety of social platforms. This will help capture as many potential customers as possible and ensure your brand is recognizable. The key with social media is to have a strong presence where your customers hang out instead of trying to be everywhere.

Communicate With Customers and Employees

To be a successful entrepreneur you need positive customer and employee interactions. Whatever your business, it’s critical for you to be aware of customer issues and your company’s response. You need to communicate with your employees so they have the information they need to market your products and services effectively.

Kindness is Strength

Success is not apathetic. Giving back to your community is a sign of business strength.

Don’t Procrastinate, Ever

Do what needs to be done when it needs to be done. A large majority of failed businesses list wasted time as a contributing factor.

Business Books are your Friend

Open your horizons and find new opportunities where you don’t expect to by staying current with the latest business related books and publications. Switch off your TV and grab a great book.

Recognize Your Worth

Your skills and those of your employees are your biggest assets, remember what they’re worth even as you accumulate more traditional assets over time.

Listen

When asked about their success top entrepreneurs listed listening skills 92% of the time. When you’re actively listening (as opposed to waiting for your turn to talk) you’re guaranteed to learn more. Not to mention the appreciation you’ll earn from customers and team members who feel they’ve been heard.

Keep up with the Market

A successful entrepreneur studies the competition. Keep up with market trends, and whatever else is applicable to your business.

Give 100%

Find your passion, make it your business, and give it 100%.

Take Time Off

All work and no play makes Jack a dull boy. You don’t want to be dull in a world of competition. Take time away from work to be totally focused when your there.

The Beauty is in the Details

Keep an “eagle eye” over everything that’s going on with your business. Make sure you have the right experts to clarify anything you don’t fully understand.

Set (and Keep) Deadlines

Don’t miss deadlines, even if it means you’re up for days. Working without deadlines is like sailing rudderless in the business world.

Put People Before Money

Money follows a loyal customer base, your reputation and your loyalty. Put these things first.

Be Involved

Get your hands dirty. 47% of startups fail when owners leave others to run the show.

Images “Word entrepreneur from the old dictionary, a close up/  Shutterstock.com“

________________________________________________________________________________

Tweak Your Biz is a thought leader global publication and online business community. Today, it is part of the Small Biz Trends stable of websites and receives over 300,000 unique views per month. Would you like to write for us?

An outstanding title can increase tweets, Facebook Likes, and visitor traffic by 50% or more. Generate great titles for your articles and blog posts with the Tweak Your Biz Title Generator.

Posted in Growth

Enjoy the article? Share it:

  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share on Email

George Meszaros

George Meszaros is a serial entrepreneur and the cofounder of Success Harbor, a hub dedicated to providing startup and business advice through interviews, original research, and unique content. George Meszaros is also cofounder of Webene, a web development and marketing company.

Visit author facebook pageVisit author twitter pageContact author via email

View all posts by George Meszaros

Signup for the newsletter

Sign For Our Newsletter To Get Actionable Business Advice

* indicates required
Contents
Ask For Advice
Let Someone Else do the Work
Move On from Your Mistakes
Don’t Settle
Make Lists
Build Professional Relationships
Keep up a Social Presence
Communicate With Customers and Employees
Kindness is Strength
Don’t Procrastinate, Ever
Business Books are your Friend
Recognize Your Worth
Listen
Keep up with the Market
Give 100%
Take Time Off
The Beauty is in the Details
Set (and Keep) Deadlines
Put People Before Money
Be Involved

Related Articles

Business
Growth

What to Look for in an eCommerce Agency When Scaling your Online Business?

Hanna Kim September 10, 2025
Business
Growth

Transform How You Nurture Business Relationships

Elizabeth Barlowe July 30, 2025
Business
Growth

How to Build a Standout Limousine Service That Customers Keep Coming Back To?

Jessica Miller July 28, 2025

Footer

Tweak Your Biz
Visit us on Facebook Visit us on X Visit us on LinkedIn

Privacy Settings

Company

  • Contact
  • Terms of Service
  • Privacy Statement
  • Accessibility Statement
  • Sitemap

Signup for the newsletter

Sign For Our Newsletter To Get Actionable Business Advice

* indicates required

Copyright © 2025. All rights reserved. Tweak Your Biz.

Disclaimer: If you click on some of the links throughout our website and decide to make a purchase, Tweak Your Biz may receive compensation. These are products that we have used ourselves and recommend wholeheartedly. Please note that this site is for entertainment purposes only and is not intended to provide financial advice. You can read our complete disclosure statement regarding affiliates in our privacy policy. Cookie Policy.

Tweak Your Biz
Sign For Our Newsletter To Get Actionable Business Advice
[email protected]