Entrepreneurship must be as exciting as a roller coaster ride, as it is filled with highs and lows. The business leaders can tell you that as a young and budding entrepreneur especially for the travel and tourism sector, you’ll have to work longer hours at a small margin along with the threat of instability when a pandemic situation arises. Here are five golden tips for travel sector entrepreneurs to develop the winning mindset – shared by Mr. Vinod Tiwari.
Be passionate and love what you do
If you don’t love it, don’t do it just for the sake of starting a business to make money. As what you hate working cannot be carried over for a longer time, and chances are you will give up, sooner or later. Whereas if you love the travel industry, working hard will not feel like working anymore, rather you will enjoy it.
Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in. Believe in your instincts. The best thing about starting at your own is you can lead it your way.
Don’t underestimate the power of Mentor
When you learn from your own mistakes, you are smart. When you learn from other’s mistakes, you are wise. But when you don’t learn at all, you are otherwise. Many budding entrepreneurs point to mistakes as being their best teacher.
Being successful in a stipulated time often means learning from those leaders who have already achieved success. Having a mentor is a blessing to an entrepreneur. You really cannot see the way a mentor can see you and your business. If you haven’t yet found your business guru, it must be a top priority to search one.
Travellers are paying to collect memories
Many entrepreneurs want to start businesses for the sake of building it and making money out of it. There’s nothing wrong with it, but your focus should be on solving their problem and providing solutions and not selling products. In the travel industry, people want to buy and collect memories, not air ticket/ hotel reservations.
Bill Gates once said that your most unhappy customers are your greatest source of learning. Did you ever try to ask your unhappy customer that where are the holes existing in your service? If not, you must ask them individually, and then listen to them carefully.
Challenge yourself, every single day
Don’t view your challenges as hurdles on your success path, rather embrace all challenges, as a learning opportunity. Taking unnecessary risks could be stupidity, but taking calculated risk is required. If you’re not willing to take risks, swiftly you’ll be moved out the race.
Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying. Don’t stop trying new ventures, new ideas, new possibilities with a 100% positive approach, because either you learn or you earn from it. Surely, you will come across a lot of hurdles, but those are stumbling blocks.
Let your actions speak louder than words
Your words must not contradict your actions there must be sync to what you say, what you think, and what you do. You need to go out of your comfort zone and put some hard actions to your dream strategy. Working hard is very good, but smart working is the need of the hour.
Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your travel industry, as well. You will also agree that the world is full of great ideas, but success only comes to those who put action into it.
Your goal must not be to become something, but of doing something, great.
(Quote from the book – From Dreaming to Achieving, in LIFE – Secret 2/Page 61)
It could lead you to frustration if you will not become what you want to be, but if you make a goal of doing something great, you will always have a sense of fulfilment and achievement.
Remember, every successful entrepreneur was a budding and struggling entrepreneur once, the same as you. Keep the above-mentioned 5 tips in your mind to make your success path to the top.
(Mr. Vinod Tiwari (#iamvinodtiwari) is UAE’s number one Entrepreneurship Consultant, Bestseller Author and International Speaker with more than 20 years of experience. Mr. Tiwari is also The Mentor of Change for Niti Aayog Think Tank for Gujrat State. He is among the 32 mentors in India).
Gaurav Jain appointed Chief Financial Officer at Cygnet Hotels & Resorts