Mike Mitrow: What it Takes to be an Entrepreneur

11 Apr

Mike Mitrow has been a successful entrepreneur for more than twenty years. He has founded three companies in the life sciences industry, and currently is the managing director at Melter Enterprises, LLC based in New Jersey.

Mike Mitrow knows from his own experience what it takes to establish a new business, and he knows better than most the hard work involved in making a new business succeed. “I’m very proud of the success that I have enjoyed over the last twenty years,” he said. Mike Mitrow has some tips for those who are interested in becoming an entrepreneur.

Mike Mitrow says it’s important to have a good of understanding of marketing, communications, sales, advertising and consulting. Mike Mitrow says there is no better way to learn every side of business than by working in different sections of a company. That way, you will gain a complete understanding of how its departments are interconnected.

Mike Mitrow says you should also do what you enjoy.
What you get out of your business by way of personal satisfaction, financial gain, and enjoyment will be equal to what you put into it. So if you don’t enjoy what you’re doing, chances are it will be reflected in the success of your business. If you don’t enjoy what you’re doing, chances are you won’t succeed.

It follows that you won’t succeed unless you believe in your business and in the goods and services you provide. Far too many home business owners fail to take their own businesses seriously enough, getting easily sidetracked and not staying focused.

Mike Mitrow also says to plan every aspect of your business, and manage money wisely. You need a reliable cash flow to buy inventory, pay for services, and promote and market your business. You also need to pay yourself so that you can keep on working.

Finally, Mike Mitrow recommends finding mentors and experts to help identify weaknesses that can be turned into strengths, and allow your company to thrive. By working hard, dedicating yourself to your industry and having determination, like Mike Mitrow has, you will be a successful entrepreneur.

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