5 November 2024, Tue |
6:39 PM
To help empower young aspiring everyday entrepreneurs, GoDaddy shares useful tips to help create and grow a business online. Encouraging and nurturing youth entrepreneurship is an important factor to consider for the growth of global industries and economies. Burgeoning entrepreneurs need to be provided with the knowledge and skillsets to help give them the freedom to dream and ultimately achieve their goals.
Selina Bieber, Senior Regional Director for Turkey, MENA and South Africa, GoDaddy said, “Studies have shown that the MENA region has struggled with youth unemployment rates. While many inspire to venture into entrepreneurship, others could be discouraged by potential challenges or failure. It is the responsibility of communities and businesses to encourage youth entrepreneurship by offering them useful information, expertise, and mentorship. GoDaddy offers entrepreneurs a chance to create an online identity for their venture with an easy-to-use and affordable suite of integrated tools. With essential online tools including domain name registration, website builder, online marketing, partner programs, professional email, website security, and Microsoft Office 365 from GoDaddy, young entrepreneurs can be ready to launch and manage their business online.”
In addition to considering the availability of online tools and resources, here are few tips that can help position youth for success as entrepreneurs:
Step out of your comfort zone and take on challenging tasks or missions. Learning, overcoming and succeeding through obstacles can help to boost self-confidence. While failing at challenging tasks can help teach preparation and valuable lessons for future opportunities and challenges of entrepreneurship.
A precise vision of your business is crucial for an upcoming entrepreneur. Ask yourself some key questions: What is the purpose of your business? How is your product or service beneficial for your potential customers? Where do you see the business in the next 5 years? Once a clear vision is formed, ensure you trust yourself and your ideas both through prosperous and challenging times.
Attracting customers is key for any new business. However, it is important to know who you intend to attract as your customer. One of the most essential things to do before launching a startup is to identify your customer and their specific needs. By tailoring your products and services to them, you can establish a stronger customer-brand relationship, which over time can help to enable steady business growth.
Understanding your industry is the golden rule in entrepreneurship. A common reason startups may fail is because they have not meticulously studied their industry to successfully be a part of it. In-depth knowledge and analysis of the industry and potential competitors can help you create a solid plan to tackle obstacles, reach target customers, and establish your business as a leader in the industry.
Even though it may seem like a business leader and their business succeeded overnight, in reality, their success had flourished from failures and lessons learned along the way. With drive, perseverance and hard work, an entrepreneur can achieve their goals.
