As an entrepreneur, an important focus for you must be business development. Under this umbrella term are sales, marketing, strategic partnerships, business growth, and market expansion. Tending these are all important to the long-term success of your business. To help you succeed, below are some important things every entrepreneur should understand. 

3 Things Every Entrepreneur Should Know

1.  Find a Mentor

Mentorship is invaluable for entrepreneurial success. 80% of CEOs claim that they have benefited from having been mentored, while 93% of startups list mentorship as crucial to their success. You can learn from their experience and many can teach you lessons unavailable in books. 

Their guidance and advice can help you through difficult periods. This is particularly true for new businesses, most of which fail. However, 70% of mentored businesses last for more than 5 years.

2. Never Stop Learning

As an entrepreneur, continuous learning is essential. You must keep growing and evolving, because the marketplace is constantly changing. As times change, you must change, as well, by learning new marketing techniques, finding new communications channels, and overcoming new competition. You cannot rest on your laurels. You must be ever vigilant and constantly improving your skill set if you plan to succeed as an entrepreneur.

3. Make Networking a Priority

Networking, or the development of professional contacts through interpersonal relationships in your industry, is key to entrepreneurial business development. Attend conferences, conventions, and other business events, and introduce yourself to as many people as possible. 

Join the Chamber of Commerce. Join professional organizations. Attend alumni events. You never know who might become your next big customer, inexpensive supplier, or invaluable strategic partner.

For assistance with business development in your entrepreneurial career, contact the South Fulton Chamber of Commerce in Union City, GA. They serve entrepreneurs and small businesses throughout Fulton County. Their specialties are business and networking events, regional economic development, and business advertising for their members. They are known for their strong support and ability to help local businesses achieve successful outcomes. Learn more about them on their website or call (770) 964-1984 to discuss how they can help you with business development.