Young Entrepreneur Offers Tips For Success
December 17, 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
Entrepreneur Hilary Rowland shared some tips recently with examiner.com on how to be a successful entrepreneur.
Rowland has actually enjoyed business success for much of her life, having launched HILARY Magazine and New Faces in 1995 at the age of 15.
First, Rowland told the website that successful entrepreneurs must develop innovative ideas that can address a need in the market. She also adds that a comprehensive business plan is crucial - one that weighs factors like target demographics and competitors.
She also stresses the importance of accepting constructive criticism, adapting to new business trends, and avoiding discouragement.
"New businesses do not instantly make millions and can face numerous challenges in the beginning," observes Rowland.
All of these traits are things you will acquire if you decide to pursue an MBA degree, either online or at the educational institution of your choice. CNN.com has noted that the trend of entrepreneurs earning MBAs began in the 1990s during the Internet boom, while today's entrepreneurs can continue to benefit from an advanced business education.
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Related Article Topics: Management | Finance
