4 Points to Building Success

18 01 2011

How many times have you asked yourself why you want to be an entrepreneur?  The bigger question is, how many times have you asked yourself WHY are you struggling to be a successful Entrepreneur?  So many people are striving to be their own boss, and many are not achieving the success that they expected.   This week we are going to cover 4 points to building success.  These points are designed to help you focus your ideas and differentiate yourself from all the other entrepreneurs struggling for a dollar out there.

As we have covered in several prior posts, there are many misconceptions about how to run a successful business.  Many people believe that if they find “just the right product” it will sell itself, and their work is done.  How many people have you met who have tried to sell you on an idea that will have “products flying off your shelf”?  Did you ever try any of those items?  Did they actually “fly off the shelf”?  Odds are, you have tried many business ideas and most of them have not panned out.  Even worse, as you try different strategies to build your business, sometimes your business will suffer.  There are so many people running around promoting false beliefs, mistaken points of view and just plain bad business practices.

Many businesses don’ t succeed because they are based on those erroneous facts.  As you may have always know in your heart of hearts, one key to business success is to differentiate yourself from all the other businesses trying to sell essentially the same thing you are.

In order for your business to become successful, you need to embrace the fact that you cannot purchase opportunities, you have to create them.  If someone is offering you the next best opportunity, then obviously, you will not be the first one to market with the opportunity.  If this is such a great opportunity, why are they offering it for sale to YOU?

Ask the right questions.  Making money, and creating a successful business is not as simple as picking that one hot opportunity and riding it out to success.  If you have to ask what the next best opportunity is, you are asking the wrong question.  By asking what the next hot idea is indicates that all you want to do is to grab onto one opportunity, ride it until it is no longer producing and then jump to the next best thing.  This will not build customer loyalty, and worse, it does not support any solid business plan.  If you are constantly jumping from one ‘hot’ idea to another, there is not flow to your underlying business plan.  You are just lucky if you make money.  Nine times out of ten, your business will succeed for a little while, but it will fail in the long-term.

If you want to have a successful business, you must be a visionary, not an opportunist.  How many successful people have you met who are only in business until the next big thing comes along?  Usually those successful people are the ones who created that next big thing.  They are the ones who came up with an idea that nobody else thought about, or nobody else combined to make a success.  Odds are, these successful entrepreneurs are the ones who came up with the new idea, and didn’t “borrow” or buy the idea from someone else.  These entrepreneurs saw a need and found a way to fill that customer need.  They fill the needs better than anyone else currently in the market.

Design your business to solve a bigger problem.  Even in a business segment with a lot of competition, there is always an opportunity to provide a better solution to a common problem.   Listen to your customers, listen to what your customers say about your competition.  Look for the underlying problem that is not being addressed by either your business or your competition and go about solving THAT problem.  Look for the solution to a standardized frustration.  If there is a problem out there that most everybody just assumes you “deal with” perhaps the solution to that problem will be the next “HOT” opportunity.  By providing solutions to customer frustrations, you will not only become more successful, but will have the undying gratitude of your customers.  This alone will make you the best business opportunity in town.

Reviewing these 4 points to building success will help you to continue to grow and improve your small business.  If you are in the market for starting a small home-based business, we have several business opportunities that may work well.  If you don’t see exactly what you are interested in, please feel free to contact us with any questions you have.  If we do not have the specific opportunity, we may know exactly where you can go to find what you are looking for.

Until next week…

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Building Your Business Success – Part 2

11 01 2011

Last week we began a brief discussion of how to build your business success

Key to Business Success

for 2011.  We reviewed the concept of what Commitment means to your small business success and that you personally are responsible for your small business success.  This week we are going to finish the discussion on Building your Business Success for 2011.

Actually anybody who starts a small business can be successful.  The differentiating factor is, how LONG will your business be successful.  Again, it does partially go back to that commitment thing.  You may be successful when you first start your business, but you must remain committed to your business success.  True business success is also founded on solid business basics.  If you do not have a good grasp of business basics, it would be wise, even before starting your own business, to take a class or two, or take a seminar to learn and master the basics of business.  Without business basics, you may be successful for a little while, but your lack of basic business knowledge will most likely get you in more trouble and could ultimately contribute to your lack of long-term business success.

We must all continue practicing and reviewing and mastering the basics of business.  Without a well established / thought-out business foundation, everything you build, will most likely not stand the tests of time.  Keep up on your basics.  If you don’t know, be sure to ask a trusted source that will help you master your business foundation.  With a strong business foundation, all the work you do for your business will be successful.

Focus on Continuous Growth

Another key to building your business success (and not just making a New Year’s Resolution) is to focus on growing throughout the year, and ultimately growing for the next several years.  Do not just focus on growing your business for this month or the next.  You need to have a long-term view of where you want your business to go if you want your business to grow.  Focusing only on the month-to-month growth will not provide you with enough time to really refine and define what direction you want your business to grow in the years to come.  If you focus 2-, 3-, 5- and even 10-years in the future, then the short-term setbacks will not be so difficult to resolve.  By looking at the long-term, you can look past the immediate obstacles and focus on how to obtain that long-term goal.  By having long goals, you will find it is much easier to get past the little stuff.  If you only look from month-to-month, the problems that may crop up will most likely appear much larger than they actually are.

Lastly, it is never too late to make your business successful.  You may have had a really bad year in 2010, but that doesn’t mean you will have a bad year going forward.  Review your business plan, identify what went wrong and more importantly, look for WHY you did not follow your business plan or why you were not successful last year.  If you can identify WHY things didn’t occur (this is different from placing blame) then you can identify what you need to do to avoid that obstacle going forward.  Even if you had a decent year last year, it is not too late to revisit your business plan and adjust for any new plans or ideas you may have.  Again, be sure to keep the long-term view when reworking your plans.  When in doubt, enlist the assistance of other experts in  your field of business, to help review what you have and where you want to go.

Here is to your continued business success in the new year.

If you are looking for a second income opportunity, or are looking for some type of small, home based business to get involved with, we may have something that would interest you.  We offer a wide variety of business opportunities, from Pre-Paid Legal Services, to Stem Cell Nutritional Products, to Waterless Cleaning Products.  If we don’t have exactly what you are looking for, we may know where you can find it.  Good luck and let’s all see our businesses grow in 2011.

Until next week…





Building your Business Success in 2011

4 01 2011

 

Analyzying Business SuccessHow many times have you heard or seen information on Building your Business Success for the new year? Have you become tired of reading these articles to realize that they are nothing more than a business version of a personal New Year's Resolution? The bigger question is, if your business was not as successful as you would have liked in the past year, building on that lack of success is not an exciting proposition.

This week we are going to again review business success and why it is not a “New Year’s Resolution”.  You cannot decide one day that you will make your business successful…well, actually you can decide to do that, but effectively implementing your desires is an entirely different problem.   One main reason many people with small, home based businesses don’t succeed is that they do not have the commitment necessary to create and grow a business.

Many people who start a small home based business are usually told that “the business will grow itself” or that “you won’t have to work very hard at this, the product practically sells itself”.  If you got into business under either of these premises, or something similar, odds are that you are ready to throw in the towel.  The key to business success, or success in general is commitment.  Very few people will stick with anything once it starts getting difficult, or once the business doesn’t seem to pay off in the time-frame they expected.   Like anything, if you plan on making your business successful, you need to have a plan and COMMIT to staying with that plan for the long haul.  Granted there will be occasions where you are going to have to modify the plans, but you can not modify the commitment to the business overall.  If you start, and then, once the going gets a tad tough, quit, how will any of your customers want to stay with you in any future endeavors?   Customers will run from you if you show even the slightest sign of lack of commitment to your business, or worse yet, if you show lack of commitment to them.

Once you are committed to the task of becoming (if you are not already)

Commitment to the Plan

successful, you should realize that success is your PERSONAL responsibility.  You cannot rely on others to make your small business successful, others may help, but the success or lack thereof rest entirely on your shoulders.  If you do not push others to work harder, odds are that they won’t.  You should not place the blame of your lackluster success on anyone who is helping you to grow your business.  This holds true for any business partners you may have also.  Just because you are in a partnership, if you want the business to become successful, it is YOUR responsibility to make it so. Having your partner on the same page helps a lot, but do not expect them to have the same level of commitment.

 

Many problems people have when trying to grow their home based business is the lack of validation that they are doing a good job.  We have become used to getting that congratulatory pat on the back for a job well done and will drive harder just to get the next pat.  The problem with being your own business owner is that the only times you will get a pat on the back is if you pat your own back.  You need to learn to not look for external validation of a job well done.  You know, based on your existing plans and set goals, when you have succeeded, you do not need anyone else telling you that you did a good job.  Keeping your business successful is a major milestone these days since there are so many businesses that fold when the times get tough.

Next week we will complete this discussion on building your business success in 2011.  In the meantime, if you are looking for a business opportunity and still have no idea what to do or where to begin, please take a look at our website.  We offer several different business opportunities and if we don’t have what you are looking for, we may be able to point you in the right direction.  We are also available for consulting, if you would like someone to review your current business plans.

Until next week…