Good entrepreneurial advice doesn’t come around us every day. Moreover, FREE entrepreneurial advice doesn’t come along much at all that’s worth implementing. Fortunately, today we sat down with Dr. Travis Davis, successful IT and Cyber Security entrepreneur, and he shared five actionable tips for success that you start using today.
Who is Dr. Travis Davis?
Dr. Travis Davis is a successful entrepreneur who believes in giving back to his community by creating economic sustainability.
Dr. Davis, a promising scholar-athlete, transformed from a scholar-athlete to strengthening his portfolio in the fast-growing technology field. His expertise in cybersecurity has led to securing multiple domestic and foreign government contracts.
After years in the corporate grind, Dr. Davis grew frustrated with the lack of earnings working for “someone else” and decided to start working for a new boss, the man in the mirror.
Dr. Davis believes in the power of uplifting new business owners to use valuable government contracts to secure early business revenue.
5 Tips For New Entrepreneurs To Implement Today
Take these five actionable pieces of advice from Dr. Davis on how to start, build, and grow your new business.
1. “Stop Being Afraid and Just Take Action”
People are always second-guessing everything. They second-guess themselves, their ideas, and if trying something new is the right thing for them.
Now is the time to take chances, step out of the box and make your path. You already know what life is like where you are currently. You will have nothing to lose by taking a chance on yourself by taking action on something new and exciting.
2. Time Management is Key
We all have the same 24 hours in a day. Learning how to utilize those 24 hours each day effectively is a skill that many people never acquire. As soon as you can create systems in your business that support your time management, you will see the impact of your revenue and get your time back to enjoy other things in life.
3. Budgeting Is Your Friend
If only I had known about the importance of budgeting when I started generating revenue. There would be millions of dollars I would have saved instead of lost. Unfortunately, I was not raised in a space where money was valued and respected. I was only practicing what I saw. It was not until I lost over $250,000 that I sat down and became educated on proper budgeting techniques. Instead of losing thousands of dollars, I earn thousands to millions in my savings due to a budget.
4. Have A Growth Mindset
Becoming an entrepreneur and sustaining that lifestyle means that you always have to be open to new possibilities. You have to stay ready to test out the latest trends that are going on. You will have to educate yourself on different courses to keep up with your community. As an entrepreneur, it’s critical to be open to growth in yourself and your business. If you refuse to try new things and learn from others so that your business will continue to grow, then you are setting yourself up for a failing business.
5. Building Relationships and Networking
By implementing a growth mindset from tip #4, you can use this to network with individuals and adapt ideas that you may have never encountered otherwise.
Once your trust levels increase and you invite new people into your inner circle, you create new opportunities together and give yourself the ability to manage your own time with better delegation.
Entrepreneurship isn’t easy. No one ever said it was. However, as Dr. Davis learned throughout his career, you must learn to keep an open mind, learn from mistakes and take chances to get ahead of the pack. You can find more from Dr. Davis on his Instagram, Facebook, and YouTube.