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Peter Decaprio – Ten Commandments for Entrepreneurs to Follow If They Want Successful Start-ups

Peter DeCaprio

Starting a business is hard. Those who do not follow the rules often fail and either close down or sell out to larger corporations says Peter Decaprio. Some entrepreneurs attempt to launch their business amidst difficult economic environments, where it’s even harder to succeed. However, there are some basic principles every new entrepreneur should follow if they want to be successful.

Never invent something completely new if you can use an already available idea and improve it through innovation.

1) Innovate using proven concepts. For example, Uber did not invent anything new but implemented general statements such as online payments, GPS locations for rides, and mobile phones; these were already standard technologies they used in their unique way, making them leaders in the transportation industry.

2)  Make sure the market needs your product. It’s not only enough to think you have a good idea; once it’s launched, customers should be interested in buying it. It would help if you made sure that people out there want what your business offers.

Don’t give up just because one plan didn’t work. Try again!

3) If nobody wants what you’re selling – re-invent yourself and keep trying. Even if you have a fantastic idea, someone else might already have implemented it or come up with something similar.

4) Be aware of the competition. Never ignore the possibility that somebody else might do the same thing as you one day, so always stay ahead of them.

5) Never complain. There will always be something that can go wrong. However, it is crucial to stay optimistic about your business, even when you encounter bad times says Peter Decaprio. This way, no matter what happens – you’ll always know what to do next! If things start going south, take a look around and see if anything could help improve the situation – perhaps a better marketing strategy, for example?

Sure, in the end, this will all fall on you as an entrepreneur – but it doesn’t mean others cannot help. It’s great if you have those who unconditionally support you from the sidelines but now and then, check up on how things are progressing with them as well!

6) Work as a team. At least once a week, gather all your workers together and discuss important matters – this will make them feel like they are part of the business too.

7) Find good people to work with. Your employees can either make or break your company. A single mistake from somebody inexperienced might cost you thousands of dollars in marketing efforts… Not only that, but it also slows down the entire team’s progress! Make sure everybody around you knows how to do their job well. Sure – just because somebody has a degree in something does not mean they’re an expert at doing it; however, if somebody has experience working on similar tasks before, you know they can be trusted.

Peter Decaprio says, don’t underestimate the importance of finding good people for your team; even if there’s nobody else left to help you, the ones who stayed and worked with you through thick and thin will always be there for you.

8) Communication is critical. If your employees don’t understand what they’re supposed to do, how can they do it? Everybody must know how their work fits into the big picture – otherwise, things might fall apart quickly.

9) Don’t panic. When something’s not going according to plan – many entrepreneurs feel like giving up at once due to stress! However, this is not the right way to handle such situations; if you’re stressed out about everything that happens during business hours, make sure you take a break and relax. Just: would this situation still bother you a week from now?

You’ll never know what you’re capable of until you try. If your current actions don’t work – maybe in a year or two, you can try doing the same thing again but with a new twist to it! Keep going until you get what you came for – success! 10) Never stop dreaming.

10) Never stop dreaming.

You love to do something and you’re good at it! Why not turn your passion into a business? It’s fun, easy, and rewarding – besides if you don’t do it someone else will. However, just because it seems simple doesn’t mean that there aren’t rules for entrepreneurs to follow when it comes to starting up their own company… 1) Make sure the idea is feasible. There are many entrepreneurs out there who have great ideas but fail to make them work in real life – before even giving the market a chance to prove how valuable these ideas actually were and still could be! You shouldn’t fear asking others what they think of your idea before launching it; along with factoring in any expert advice you get, this can help you realize whether your business is even worth launching at all.