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Monday, June 8, 2009

What does it mean to be an entrepreneur? Part 1:Loyalty

In the Top 10 Tips for Young Entrepreneurs page, we dicussed some things entrepreneurs did, but you want to be one. What does that mean for you in particular. How does one go about being an entrepreneur? One way is to consider the customer and be loyal.
Well an entrepreneur is not the same as being someone who just looks for money. You aren't working for someone else and following their system. You are the system. And with great systems comes great responsibility. For the most part, you are on your own, so it is important to realize what that means.
Loyalty to the consumer is a big thing when you work on your own as an entrepreneur. Your business is not just about when you need money, it is about your customers. Customers count on you to be there when you say you will be. Take this for example. You go to the flea market to set up a stand where you offer games. These games include compettion board games, arcade games, and video games. You advertise that you will be there every week. That means you are expecting regular people there weekly. Now, you just made enough money for a PSP, you're done right? Nope, you have a commitment to your customers. You do not just stop showing up, you give warning, you can even make a sale of it. "Will be gone in two weeks, all games half off". You will get more people at the end, and they will leave happy.

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