\

Prev (/strategy/How-To-Talk-To-The-CEO-Of-Your-Company-Without-Making-A-Fool-Of-Yourself/articleshow/39894701.cms)
(/strategy/Russia-Warns-Barring-Overflights-Between-Europe-And-Asia/articleshow/39889556.cms)

Next

WARROOM (/WARROOM/ARTICLELIST/21805754.CMS)

4 Ways To Think Like A Successful Entrepreneur

EMMIE MARTIN (HTTP://WWW.BUSINESSINSIDER.COM/AUTHOR/EMMIE-MARTIN?IR=C)

Like

Share

Tw eet

AUG 8, 2014, 07.14 PM

Markus Thorsen/Flickr (http://www.flickr.com/photos/markusthorsen/3189048019/)

Want to be a successful entrepreneur? Start thinking like one.

In a recent LinkedIn post, (https://www.linkedin.com/today/post/article/20140731203519-66003538-how-greatentrepreneurs-think?trk=tod-posts-post1-psum)Aravinth, founder of Visual Kiwi, says that's the crucial first step.
Here's how:

1. Think about your capabilities.

Successful entrepreneurs know their weaknesses and don't try to blow past them. Instead, they take stock of what
they can reasonably accomplish and don't risk too much. "Obviously, you are supposed to make new attempts to
enhance your business strategy, but make sure [you don't] cause any loss," Aravinth says.

2. Think about your customers.

The first step to gaining loyal customers is pinpointing your ideal demographic. Marketing a product or service to
individuals with no need for it only wastes your time in the end, Aravinth warns. Great entrepreneurs think about
how to market their product to the right people from the get-go, thus saving time and resources.
And once they've reached their desired customer base, successful entrepreneurs think about how to maintain strong
relationships with them. "A good business man must always see his product through the vision of his customer,"
Aravinth says.

3. Think about the competition.

Smart entrepreneurs focus on their own business ventures, but also remain aware of what else is out there.
Analyzing competitors not only helps you know what you're up against, but reveals the flaws in your own product,
as well, he notes.

4. Think about your failures.

Though it's important not to dwell on past failures, good entrepreneurs recognize the lessons that can come from
their mistakes. "A real entrepreneur never worries about his failure, but instead seeks an alternative option to
rectify the loss," Aravinth says. As an entrepreneur, failure is almost inevitable, but thinking about it from a
positive perspective will go a long way.
Click here (https://www.linkedin.com/today/post/article/20140731203519-66003538-how-greatentrepreneurs-think?trk=tod-posts-post1-psum) to read the full LinkedIn post.
Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com
(mailto:tipoftheday@businessinsider.com). Be sure to include your name, your job title, and a photo of yourself in
your email.

More From The Web

How to Easily Cut 500 Calories Every

Day
Learnist

Work Life Balance - 8 Tips to Achieve It

at Any Company
NimbleSchedule

(h ttp://l earn i .st/u sers/em i l y .di n gm an n .7/boards/23244(h ttp://www.n i m bl esch edu l e.com /work-l i fequ i ck-an d-easy -way s-to-cu t-500-cal ori esbal an ce/)
ev ery -day )

From Around the Web

Big Data Analytics Singapore Management University

What we can learn from the little master

Sachin!
Best Matters

Solar powered Electric Cars and the

history of low-emissions transport
Decarboni.se

(h ttp://su bbaraon v .com /wh at-we-can -l earn from -th e-l i ttl e-m aster-sach i n /)

(h ttp://decarbon i .se/i n si gh ts/sol ar-poweredel ectri c-cars-an d-h i story -l ow-em i ssi on stran sport)

More from Business Insider

(h ttp://www.sm u .edu .sg/podcast/bi g-data-an al y ti cs)

This Man Has Worked At Google, Microsoft, And Facebook - Here's What It's
Like To Work At Each Of Those Companies (h ttp://www.bu si n essi n si der.i n /Th i s-

4 Trends in Banking IT Employment Bank Systems & Technology

Man -Has-Worked-A t-Googl e-Mi crosoft-A n d-Facebook--Heres-Wh at-Its-Li ke-To-Work-A tEach -Of-Th ose-Com pan i es/arti cl esh ow/39839271.cm s)

(h ttp://www.ban ktech .com /m an agem en t-strategi es/4-tren ds-i n -ban ki n g-i tem pl oy m en t/d/d-i d/1278958?wc=4)

How To Talk To The CEO Of Your Company Without Making A Fool Of Yourself

6 Exciting Ways to Use an IT Degree The Night Owl

(h ttp://www.wgu .edu /wgu /academ i cs/catch ?page=bl ogpost%2F6-exci ti n g-way s-u se-i tdegree&refer_i d=8148)

(h ttp://www.bu si n essi n si der.i n /How-To-Tal k-To-Th e-CEO-Of-Y ou r-Com pan y -Wi th ou tMaki n g-A -Fool -Of-Y ou rsel f/arti cl esh ow/39894701.cm s)

Indian Politician Has A Dazzling Gold Shirt Worth $213,000

(h ttp://www.sl i desh are.n et/sky h i gh n etworks/th e-qu i et-rev ol u ti on -36767266/1)

(h ttp://www.bu si n essi n si der.i n /In di an -Pol i ti ci an -Has-A -Dazzl i n g-Gol d-Sh i rt-Worth 213000/arti cl esh ow/39906352.cm s)

How Browsers Work: Behind the Scenes of Modern Web Browsers

HTML5Rocks

Do You Lead A Team? Here Are 12 Outstanding Must-Follow Traits Of A Good

Boss [Infographic] (h ttp://www.bu si n essi n si der.i n /Do-Y ou -Lead-A -Team -Here-A re-

The 20 Most Popular Cloud Services Slideshare

(h ttp://www.h tm l 5rocks.com /en /tu tori al s/i n tern al s/h owbrowserswork/)

12-Ou tstan di n g-Mu st-Fol l owTrai ts-Of-A -Good-BossIn fograph i c/arti cl esh ow/39808906.cm s)

Great Start For Motorola, But Can They Sustain It?

(h ttp://www.bu si n essi n si der.i n /Great-Start-For-Motorol a-Bu t-Can -Th ey -Su stai n It/arti cl esh ow/39886831.cm s)

Recommended by

PREVIOUS STORY

NEXT STORY

How To Talk To The CEO Of Your Company Without Making A Fool Of

Yourself (/strategy/How-To-Talk-To-The-CEO-Of-Your-Company-WithoutMaking-A-Fool-Of-Yourself/articleshow/39894701.cms)

Russia Warns Barring Overflights Between Europe And Asia

(/strategy/Russia-Warns-Barring-Overflights-Between-Europe-AndAsia/articleshow/39889556.cms)

Join the discussion with Business Insider

Refrain from posting comments that are obscene, libellous, slanderous or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against
any community. Let's work together to keep the conversation civil.

Name

Login with Facebook

Email

Login with Twitter

Location

PLEASE ANSWER THIS SIMPLE MATH QUESTION.

9+2=

Your comment

Characters Remaining: 3000

Submit

Insider

New est

Oldest

Apply To Be An "Insider"

Get weekly updates from Business Insider

Enter your email address here

Buzzing

Subscribe

Samantha Reinis, Campus Reform

(http://www.businessinsider.com/author/campusreform?IR=C)
(http://www.businessinsider.com/author/samanthareinis?IR=C)
College Professor Claims Anti-Semitism

(/Col l ege-Professor-Cl ai m s- Does... (/College-Professor-Claims-AntiA n ti -Sem i ti sm -Doesn tSemitism-Doesnt-Exist-In-The-MiddleExi st-In -Th e-Mi ddl e21
East/arti cl esh ow/39780438.cmEast/articleshow/39780438.cms)
s)

Pamela Engel
(http://www.businessinsider.com/author/pamelaengel?IR=C)
The 10 Least Friendly Cities In The World
(/The-10-Least-Friendly-Cities-In-TheWorld/articleshow/39779014.cms)
7 (/The10-Least-Friendly-Cities-In-TheWorld/articleshow/39779014.cms#commentHash)

(/Th e-10-Least-Fri en dl y Ci ti es-In -Th eWorl d/arti cl esh ow/39779014.cm s)

(/College-Professor-Claims-Anti-SemitismDoesnt-Exist-In-The-MiddleEast/articleshow/39780438.cms#commentHash)

Michael Kelley
(http://www.businessinsider.com/author/michaelkelley?IR=C)
ISIS Militant Threatens That 'We Will
Raise... (/ISIS-Militant-Threatens-That-WeWill-Raise-The-Flag-Of-Allah-In-The-White(/ISIS-Mi l i tan t-Th reaten sHouse/articleshow/39889560.cms)
3 (/ISISTh at-We-Wi l l -Rai se-Th eMilitant-Threatens-That-We-Will-Raise-The-FlagFl ag-Of-A l l ah -In -Th eOf-Allah-In-The-WhiteWh i teHouse/articleshow/39889560.cms#commentHash)
Hou se/arti cl esh ow/39889560.cm
s)

Drake Baer
(http://www.businessinsider.com/author/drakebaer?IR=C)

Here's The Best Time To Take A Walk On A

Wo... (/Heres-The-Best-Time-To-Take-AWalk-On-A(/Heres-Th e-Best-Ti m e-ToWorkday/articleshow/39768240.cms)
2
Take-A -Wal k-On -A (/Heres-The-Best-Time-To-Take-A-Walk-On-AWorkday /arti cl esh ow/39768240.cm s)
Workday/articleshow/39768240.cms#commentHash)

Drake Baer
(http://www.businessinsider.com/author/drakebaer?IR=C)
4 Strategies For Remembering Everything
You... (/4-Strategies-For-RememberingEverything-You(/4-Strategi es-ForLearn/articleshow/39901346.cms)
2 (/4Rem em beri n g-Ev ery th i n gStrategies-For-Remembering-Everything-YouY ou Learn/articleshow/39901346.cms#commentHash)
Learn /arti cl esh ow/39901346.cm s)

Latest Videos (/videoshow.cms)

How To Do Attention-Grabbing Whistle

(/videos/misc/How-To-Do-AttentionGrabbing-Whistle/videoshow/37095631.cms)

(/v i deos/m i sc/How-To-DoA tten ti on -Grabbi n gWh i stl e/v i deosh ow/37095631.cm s)

Life Of An NYC Bike Messenger

(/videos/misc/Life-Of-An-NYC-BikeMessenger/videoshow/36839238.cms)

(/v i deos/m i sc/Li fe-Of-A n N Y C-Bi keMessen ger/v i deosh ow/36839238.cm s)

Drink Markups (/videos/misc/DrinkMarkups/videoshow/36895701.cms)

(/v i deos/m i sc/Dri n kMarku ps/v i deosh ow/36895701.cm s)

View more videos (/videoshow.cms)

Branding Agency Dubai

www.tbi.ae/services
Strategic Branding Solutions Call Now! Free
Consultation Dubai

Juice Lounge Juice Bar

www.juiceloungejuicebar.com
Start a Fast Food Cafe Franchise in ur City #
09967078770 / 09821787604

stocks trading online

www.plus500.ae
Open account for free no commission CFD
service-your capital is at risk
A ds by G oogle

About (http://www.businessinsider.in/about.cms) | Business Insider Global (http://www.businessinsider.com?IR=C) | Advertising (http://www.businessinsider.in/advertise.cms) |

Lifehacker India (http://www.lifehacker.co.in) | Gizmodo India (http://www.gizmodo.in) | Authors (http://www.businessinsider.in/authors.cms) | Write for Us
(http://www.businessinsider.in/contributors.cms) | RSS (http://www.businessinsider.in/rss_feeds.cms) | Terms (http://www.businessinsider.in/terms.cms) | Privacy Policy
(http://www.businessinsider.in/privacypolicy.cms)
Copyright2014 Times Internet Limited. All rights reserved. For reprint rights:Times Syndication Service