France has a lower rate of entrepreneurship as compared to other European countries. This is for several reasons. First, the entrepreneurial spirit does not thrive strongly in the country since attaining a job at a reputable company and climbing the corporate ladders is considered a more esteemed and respectable endeavor. France has a predisposed affinity to having salaried jobs as compared to being self-employed. Second, the economic and social environment of France also restricts the entrepreneurial spirit through their tax system and other regulations. That however doesn’t mean that being an entrepreneur is impossible in France. The market is full of opportunities and with the right attitude, being a successful French businessman is very attainable.
First, venture into something you are passionate about. The saying, “Enjoy what you do and you will never work another day in your life” is more than just a fancy citation. Success comes more easily if you like what you do. Focus and develop your strengths and steer them towards an endeavor that interests you.
Second, don’t mind too much what others think or say. Many people in France consider working for large firms with the best company ratings to be the most respectable undertaking, while being self-employed to be a less reputable option. If you want to become an entrepreneur, be confident in yourself and your business idea. Be willing to work hard and to stay focused.
Third, value the importance of networking. In business, connections is vital. A large part of success lies in being at the right place, at the right time, with the right person. As a businessman, the people who work for you and with you from your business partners, to your board of directors reflect you and your company. Develop your communications skills and start building networks as early as while in college.
Fourth, reward yourself accordingly and cut yourself some slack. Overworking will only burn you out and will make you less productive. Take a day off or go on that vacation trip to the Mediterranean that you have planned for so long. Check out affitti for amazing vacation houses for rent in Italy.
Fifth, avail of loans and other investment programs. The government of France provides tax deductions for wealthy individuals who invest in start-ups. Look for angel investors to help you with financial constraints. If you have some loans to pay, you can find ways to write off debt before starting a business so that you can fully focus on your entrepreneurial venture. In lieu of that, make an attractive business plan to show potential investors. Sell yourself and your business concept as impressively as possible. Learning to sell is one of the most important traits to master as an entrepreneur. Also, develop a sound marketing strategy to promote your business and to position it accordingly. Take initiative to become as visible as possible through advertising, listings on local directories and contractor leads, and so on.
Sixth, be flexible and adaptable to change. A successful entrepreneur needs to know how to adapt to political, economic and social changes that arise through time. Industry, technology and market trends also change with the tides and it is important to stay up to date with the most recent developments. To do so, you must continuously be willing to learn new things. Don’t always stick to your old bag of tricks. Reinvent yourself and work on your weaknesses while further developing your strengths. To become a better entrepreneur, you need to become a better person. Whatever your shortcomings are in the past, the best time to evolve is now – be it a lifestyle change, a medical detox, better diet or anger management.
Whether you are an entrepreneur in France or elsewhere in the world, there are fundamental elements that remain the same. One of the most deciding factors to success is your attitude, outlook and drive. Keep exploring to find out more about becoming a successful entrepreneur.