Day: June 19, 2017
Stephen Crivillaro is a self-made entrepreneur whose success is the result of careful planning and a stable work/life balance. He runs a busy pizzeria in New York City, putting a fifty-year-old Sicilian recipe to good use pleasing his customers.
If you want to follow your dreams and start a business, to join the ranks of those like Stephen Crivillaro, you’ll need to invest a similar amount of time planning. Points like those below will help you start:
• Planning to Succeed. To start your business plan, consider what it is your business does and where you want it to go. If your business description and long-term goal match up, work backward to make steps to guide you.
Following carefully-defined steps will allow you to reach success regardless of what life throws your way.
• Planning for Failure. As a plan for success is necessary, so is a plan for failure. You need to have an exit strategy to use if your business doesn’t work as well as you need it to. Consider the worst that could happen and prepare for it before you begin.
With an exit strategy in hand, you’ll be better equipped to weather failure, making it easier to confidently forge ahead with your venture.
• Failing to Plan. If you fail to plan, you’re not giving your business the chance it needs to succeed. Every business endeavor requires careful thought, and robbing your venture of that sets it up for failure, which will hit harder if you didn’t make an exit strategy because you rushed the planning phase.
Before launching your business, think of how a seasoned entrepreneur like Stephen Crivillaro might approach it. What extra steps would an ideal businessperson take? What steps are extraneous?
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Stephen Crivillaro is a successful entrepreneur who works in his home town of New York City as the owner of a thriving pizzeria. He has spent his career working toward this dream and, after years of hard work, it has come true.
Making it as an entrepreneur, and fulfilling your dreams as Stephen Crivillaro did his, is not easy. Entrepreneurial life looks glamorous, but it is anything but at times. For example, entrepreneurs often work longer hours on their own ventures than they ever did working for someone else, and they do it for lower initial pay.
When most people start their entrepreneurial endeavors, they do so with limited funds. As such, they handle almost everything alone. From accounting to interior design, from marketing to brainstorming a name, the entrepreneur is faced with all responsibilities of business ownership until revenue is high enough to outsource.
Limited funds and long hours aren’t all, though. Entrepreneurs also weather shaky starts, often working toward the humble goal of breaking even before turning a profit becomes possible. Only those with true entrepreneurial spirit make it to the other side.
After trudging through long hours, low pay and uncertain beginnings, entrepreneurs finally reap the big rewards.
If you want to make it as an entrepreneur, spend time reading top books on entrepreneurship, leadership, business management and whatever field you are passionate about. Gain further insight into successful entrepreneurship by attending seminars and meeting with other successful entrepreneurs to get one-on-one advice.
For example, someone hoping to open their own restaurant might seek a mentorship or a discussion with a professional whose background is similar to Stephen Crivillaro’s.