Michael Bakhmat Shares Five Necessary Tips to Become a Successful Businessman

Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit

Michael Bakhmat, a successful businessman, opines that starting and running a business is always far more difficult than doing a 9-to-5 job. But then a business can also help you accomplish a lot of success that you can’t even imagine as an employee of a company.

However, an entrepreneurial journey is not an easy one. One has to remain calm, sincere, focused, and concentrated all the time. 

When Michael started his entrepreneurial venture he spent countless nights in front of a computer planning out his future moves. And look at him today—Michael Bakhmat is not only a successful entrepreneur now but also a mentor to aspiring entrepreneurs. 

Michael Bakhmat shares top 5 golden tips on entrepreneurship

Maintain A Disciplined Approach

Michael Bakhmat has been an active boxer a few years back. He maintains a disciplined life and attributed all his entrepreneurial success to his disciplined approach towards life and career that he learned during his early days as a prolific athlete.

My career in boxing in the initial days had inculcated the value of discipline in my life. When I started my journey as an entrepreneur… again I realized the importance of having a disciplined approach to fulfil business goals.

Set An Ambition or Life Goal to Accomplish

Ambition is another essential trait that entrepreneurs should have. Without ambition, one won’t go anywhere. The desire to do something new and create one’s own path may not translate into reality if the same is not backed up by ambition or dream. 

Michael opined that harboring an ambition and running towards fulfilling that goal is what separates a visionary and successful entrepreneur from the rest. So, entrepreneurs must not stop dreaming. They should constantly march ahead to accomplish their business and life goals. 

Go Digital And Understand the Value of Online Branding

“We are living in a digital era. Here, most companies and even personalities are judged on the basis of their online presence and popularity. As a new-age entrepreneur, you should never undermine the value of digital branding,” Michael Bakhmat said.

Adding further, he said, “All startups do not fail because of crunching funds and lack of financial resources. Many startups don’t take much interest in enhancing their digital presence, which eventually leads to their downfall. The only way to beat your competitors is by multiplying your digital presence and online branding across search engines, social media, and online directories.

Develop Your Interpersonal & Communication Skills

An entrepreneur is the guardian of his startup or firm. He can’t be indifferent to the problems of his employees or clients. Here, being responsive is the key. He should take his company forward by taking into account various voices and he should take all necessary steps to make his employees and associates feel honored. 

Giving Back to Society

An entrepreneur also needs to work for the betterment of society. He has to give back to society in whatever way he can. Michael Bakhmat often mentors youngsters and aspiring entrepreneurs while teaching them practical skills and nuances of entrepreneurship. By doing so, he is directly working for the cause of society and showing youth the right path towards success. 

“A true entrepreneur is one who is well-behaved, responsive, compassionate, and listens out to his employees and others while offering full respect to them. An entrepreneur should be inspiring and motivating. He should exude necessary confidence and leadership traits to mentor the youth and guide them towards the right path,” Michael Bakhmat concluded.

Umesh Agarwal

Written by Umesh Agarwal

Umesh Agarwal, a founding member of Credit 101 LLC (, an established entrepreneur, credit guru, and mentor, is no exception to the young thinkers who wandered through the idea of being your own boss and escaping the shackles of micromanagement. What separated him from the rest of the aspiring millionaires is how his ideas fueled his life to action. Umesh studied Engineering in India; eventually moved to Texas and completed his Masters of Science in Engineering.

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