Top 3 Pieces of Advice for Young Entrepreneurs from our CEO

By Mitali Rakhit

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I never really thought of myself as the next Voltaire, but I figured I would take a stab at writing and start fielding the thousands of questions I am getting from young entrepreneurs looking to start their own companies.

Here are the top 3 pieces of advice I would give:

  1. Prioritize your goals every day.

It can be hard enough to turn the alarm clock off at 6 AM let alone think about making any kind of list. However, writing something down implies a sort of commitment to making sure it happens. Write your goals down at the start of the day and note everything you want to accomplish. Check back in around 6 PM and note the progress you have made and reprioritize if you need to. Then check again right before sleeping and verify that you have accomplished what you set out to do. If not, make sure to add them again to the new list in the morning.

  1. Partnerships, partnerships, partnerships.

This is the best way to grow your company and build a following. Cross promotion is one of the most ideal and effective ways to grow your customer base and also build long term relationships to grow your network. You have MANY strengths that you are probably not aware of but that someone else can see and benefit from. The same goes for the way that you may view them. Why not offer to help out and grow together? Two heads are always better than one.

  1. Focus on incentive alignment.

I think this can be applied to life beyond business as well. You are never going to have a successful relationship with a business partner, spouse, family member, or customer if your incentives are not aligned. Both people have to be benefiting from the relationship in some way or another. This may not always be tangible either. One person might just feel good from being around the other or from having someone who will just listen to them rant. The concept still stands though, both people are getting something positive out of the situation. Try to think of incentives like stars, once they are aligned, everything is sure to work out in your favor.

Have a burning question for our CEO? Send all inquiries to info@vilasify.com. You could get featured on our blog!

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