Problems are an inevitable part in one’s journey” this saying completely holds true in every possible way. However with the tectonic shift in the universal technological landscape a lot of entrepreneurs are comitted to solve the problems faced by the population thus marking a sharp expansion in the growth of the start-up ecosystem. It is imperative to understand that the true success of an entrepreneur lies in the innovative product or the service that is being offered. It has also been widely observed today that the 21st century youth has moved beyond the stubborn approach of leading a steady life by having a job that would fetch them a stable monthly income. The influx of the digital world has created an easy access to a lot of diversified content and has also disrupted the thought process of the masses thus creating innumerable opportunities for entrepreneurship.

Find a need and fill it.

Most people who are just starting out make the mistake of looking for a product first, and a market second.

To boost your chances of success, start with a market. The trick is to find a group of people who are searching for a solution to a problem, but not finding many results.

We tend to accept and mirror back the qualities, ideas and traits that we see around us every day. That being the case, sometimes all it takes to stay inspired is to expose ourselves to a few inspiring words on a daily basis.

Successful entrepreneurs know the importance of lifelong learning. Whether you’re new to the business world or a seasoned veteran, you should always be looking for new information about entrepreneurship and trends in your particular industry. If you’re looking to learn and grow your business this year, here are some insights from members of the online small business community.

Ecommerce enjoyed a record-breaking year in 2018, with global sales revenues estimated to have reached $2.8 trillion, according to Statista. This year, this figure is expected to rise to $3.5 trillion. To put this in perspective, if the ecommerce industry were a country, it would slot into the fifth spot, ahead of the United Kingdom, whose GDP as of April 2018 was $2.61 trillion.

Though cultures and languages may vary, many of the challenges facing our world are similar across many parts of the globe. As such, one of the best ways to identify world-changing ideas is to start locally: Look for issues that concern your local community.

"Lifestyle business'' gets a bad rap by association with less-than-reputable internet marketers. You’ve seen the ads promising quick cash and a life of luxury -- if you buy their course. There are staged photos and big, misleading claims of wealth.

Recent research shows that 75 percent of all startups ultimately fail, many of those within the first year of their existence. Nobody likes failure, obviously, even as we recognize that there are many lessons to be learned from the experience.

Professional athletes train hard and closely monitor what they put into their body. They have a team and even hire professionals on the side to help them reach peak state within their body and in their mind. They know this is how they’ll become the 1 percent of their profession. They’re always looking for that edge and they’ll go to great lengths to get it.

1. Create a Plan and Follow it

Creating a well thought out business plan to start off with. These initial steps may seem pointless to some but It’s strongly advisable to spend time on your business plan, putting it down on paper. Once you get down to doing that, you realize the gaps in your idea and conclude with a more concrete plan for your business going forward – especially financially. Back in 2012, when we had finalized on the idea of PropShop24, we spent the next 6 months creating our business plan and budgets, reaching out to international brands, getting our registrations and paperwork in place – sales tax, company registration import licenses and what not. Thankfully these processes are now much easier. We built a strong base before receiving our first order and when we did, thanks to the foundation we were able to execute operations smoothly.