Tips for New Entrepreneurs with Mike Ionita

Connect with Other Professionals

Mike Ionita explains that being a successful entrepreneur requires you to know as much about your industry as you possibly can. No matter what industry you work in, Mike Ionita suggests reaching out to leaders in the field before launching your business — maybe even while you’re still working for someone else. If they’re doing what you want to be doing, learn from them in any way you can. Ask them: How did they get started? What challenges did they face? How did they overcome them? This will help guide you in the right direction.

Be Patient

As an entrepreneur himself, Mike Ionita explains that patience is vital to success. Likening growing a business to building a pyramid, Mike Ionita explains that building the foundation is not only the longest but also the most important part. Establishing a business is not going to happen overnight, so be patient with yourself, and just focus on putting one foot in front of the other.

Embrace Failures

Entrepreneurship is risky, and Mike Ionita explains that failure will become a regular part of everyday life. After a year of hearing ‘no’ from investors, making seemingly obvious mistakes, and feeling like an imposter, it is important to stick with it. The key differentiation between success and failure isn’t failing, it is the choice of whether you’re going to give up or keep going in the face of failure.

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