20 Tips for Young Entrepreneurs

**bestill** · 02-07-2010 10:07 PM

1. Use free resources to their full advantage

2. Don’t be afraid to ask for help from other business owners

3. Before getting a bank loan, get in touch with friends and family.

4. Do something you love, if you don’t you will never succeed.

5. Find a mentor.

6. Always act professional whether you’re in a social or business situation.

7. Treat every situation as a learning experience.

8. Stay focused and never lose sight of your dream.

9. Be sure to research your industry heavily to better understand your business.

10. Network with as many people as possible.

See the other ten on GetYourBizSavvy.com, its in my signature.

**Tanner** · 02-08-2010 12:01 AM

I recently wrote a post called Foundation for the Young Entrepreneur: Learning with Professor Lee Iacocca Some people might enjoy

**keekeea** · 02-08-2010 12:23 AM

Thanks for share.

**bestill** · 02-08-2010 09:02 AM

No problem. Simple tips that go a long way. It's more of a checklist

**mtnjkwe** · 02-08-2010 12:23 PM

No. 5 - Find a mentor and kiss his ass!

I think this is important. Has anyone read the Mafia Manager by V.

**bestill** · 02-08-2010 10:52 PM

Mentors can definitely be a HUGE help.

**HENARRY JAYA** · 02-09-2010 02:07 AM

Pick a field that your good in and you like doing. don't give up through rough times. if your perseverance is there. you should be able to do it. plus it sounds like your almost going into college. you can get degrees in marketing and entrepreneurship. that can help..........

**epvirtualassistants** · 02-09-2010 06:47 PM

I love this tip # 4. Do something you love, if you don’t you will never succeed.
This is definitely true in all aspects. Number one rule to succeed in your business is to love what you are doing.That's the very foundation of all. If you are forced to put up a business or to do a particular thing, chances are, you'll find yourself heavy with burden. It's hard to succeed over a particular thing when you don't have the passion for it. Loving what you do will surely make you a better individual and may lead you to greater possibilities of acquiring what you loved most.

**Shazwi** · 02-09-2010 11:21 PM

LOL #6 is embarrassing when it does goes wrong... remembered meeting a supplier in the diamonds industry that somehow was selling iphone cases (dont ask me how diamonds got to do with iphone cases) and I wore a polo tee and jeans to our first meeting!!! How stupid... Time to persuade him to work with me... Although 99% chance won't happen