Outsource Sydney: The Unwritten Rules of Entrepreneurship

    SYDNEY, AUSTRALIA, September 29, 2014 /24-7PressRelease/ -- Entrepreneurship is by no means easy, according to Bloomberg; it was revealed recently that a shocking 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Sales and marketing firm Outsource Sydney, who work with many young entrepreneurs to develop their knowledge and skills needed for business ownership, believe there are many contributing factors preventing entrepreneurs from succeeding. The first of which being a lack of funding. Without the right support it can be difficult for entrepreneurs to know how to access funding and many go into business with inadequate capital. As a new business owner many entrepreneurs run into trouble by encountering unexpected costs which have the potential to run the company into the ground. The firm also believe that even if entrepreneurs do manage to secure funding, their business can still face many challenges. Blinded by the urge to succeed a number of entrepreneurs rush to establish their business without doing relevant consumer research. Whilst an entrepreneur may think their product is desirable, when it comes to bringing it to market, many find that without a thorough understanding of consumer needs their product fails to make an impact on the market.

About Outsource Sydney: http://www.outsourcesydney.com/about-us/

To help entrepreneurs start off on the right foot and avoid these common pitfalls, Outsource Sydney has shared some of the lesser known rules of entrepreneurship.

Be Careful With the Books
Finances are vital to business success and should be handed responsibly. Outsource Sydney believe it's important for entrepreneurs to be very wary when it comes to who has access to the business's accounting records.

Hire a Good Lawyer
A great legal advisor with a good dose of common sense is a must for many young entrepreneurs. New businesses can encounter a whole range of unexpected legal issues so it's important to have someone on board with the knowledge and understanding to steer the business in the right direction.

Always Involve a 'Wise Guy'
When things get tough it can be difficult to lift spirits and stop the business spiralling out of control. Outsource Sydney therefore believe it's important for entrepreneurs to always have someone on hand to fill the silence and keep everyone happy and motivated. This will stop entrepreneurs from dwelling on the negatives and encourage them to seek out solutions.

Don't Keep Big Secrets from Workers
Chances are if a business is failing the staff will know about it. Keeping big secrets from a workforce not only suggests that an entrepreneur doesn't value or respect their workers; it also undermines the time and effort each worker has invested in that business.

Great Employees Will Look out for Each Other
As an entrepreneur, finding the time to spend with family or even run errands can be incredibly difficult. Hiring great workers and giving them the respect they deserve can really pay off. Workers who are well looked after will be happy to pick up the slack when an entrepreneur needs time away from the office.

Outsource Sydney is a direct sales and marketing firm based in Sydney, Australia. The firm offer a range of direct marketing solutions, using face to face customer interactions to help their clients improve their customer relationships and increase brand loyalty.

Outsource Sydney run a business development program to help support and encourage entrepreneurship. The program helps potential entrepreneurs to develop their business and leadership skills in a real workplace setting, and as a result, the firm has seen many young people go on to run their own successful businesses.

Outsource Sydney is a direct sales and marketing firm. The firm specializes in creating personalized quality results between their clients and their consumers through face-to-face acquisitions and advertising.

Follow @OutsourceSyd on Twitter and 'Like' them on Facebook.

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