7 Tips for Entrepreneurs in Ireland

Being an entrepreneur can be both exciting and challenging. Here are 7 tips to help you navigate the ups and downs of building a successful business.

1. Learn to Embrace Risk

Starting your own business is a risk in itself, but don’t be afraid to take on more risk along the way. If you are too cautious and risk-averse, you may end up missing out on great opportunities for growth. Jeff Bezos has said that learning to take risks has helped him to realize that he wouldn’t regret failure, but he would regret not trying.

2. Have self Confidence

A crucial element of being a successful entrepreneur is leadership. And the most important trait required to be an effective leader is self-confidence. Henry Ford, founder of Ford Motors, famously said, “Whether you think you can, or think you can’t, you’re right.”

3. Learn From Your Mistakes

Mistakes are a part of life, and nobody’s perfect, especially in business. However, many entrepreneurs tend to either ignore their mistakes, or dwell on them for too long. A more productive approach is to …

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The best education comes with a free lunch

I had cause to have lunch with an economist today, one of whom I am a huge admirer. In our chat over lunch we talked about banking, deficits, employment, inflation and business models, if there is one thing I would emplore anybody in business to do it is this: call or email the people you look up to and ask them out for lunch. I do it all the time, and fortunately I thus get to spend a small amount of time with some of the best minds in the game, even if they don’t like me, at worst its a free lunch, if they do, then all the better.

I won’t make a list of the people I have gone to lunch with, but suffice to say, if you contact a person as a genuine fan of theirs (assuming its not Britney Spears) and ask for some of their time, the overwhelming majority will agree to meet you and in the time you have you’d be surprised what you might learn.

There are some guys who run a software …

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