Since businessman and women are known to start their careers early, what exactly is it that one should know to succeed?
A person fit to answer this question would be Sawyer Howitt. This racquetball player decided to reinvent himself and do entrepreneurship from a young age. He currently serves as a project manager at the Meriwether Group, and his years have not impacted his success in any way.
The Hardest Part is Starting
Howitt believes that there is no specific moment that one should wait for to engage in business. Unless there are formalities such as certifications and licenses, an entrepreneur should get started sooner rather than later. By waiting around, an individual is missing out on valuable experience.
Choosing One’s Co-workers
As new companies gain momentum at some point, the one-person business model may not be sufficient. This is when Howitt advises people to hire those who are qualified and, more importantly, fit with the “culture” of one’s business. Failing to do so might result in an inability to keep up with the demand.
Howitt also believes that one of the main issues of new entrepreneurs is their distractions. Those who are unable to eliminate outer ideas that might seem profitable will jeopardize the main idea of their business. Basically, trying to do everything at once will get nothing accomplished.
Do In-depth Analysis
Although it is very obvious that people will keep up with sales, cost of goods sold, and other non-selling expenses or additional revenues, there are more numbers to pay attention to. Failing to look at key performance indicators will be very detrimental to one’s business, according to Howitt. These help distinguish between what works for the business and what does not.
Contrary to popular belief that businessman can stay behind their desk and run business, one will have to interact with hundreds of people. This means that their human skills will need to be extraordinary. If this is not the case, Howitt suggests finding a partner who can fulfill the role of the communicator!