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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5 responses

19 01 2011
jobs fairs

I am really grateful to have the information from this blog.

20 01 2011
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24 01 2011
Prience Shrestha

Well, your apoint about ideas and opportunity are not bought but they are built, is quite impressive. Besides, the other points are also noteworthy. With this, i can guess that you write articles as a way to provide business management ideas. Nice to know.

Likewise, i have posted my ideology in articles named as “Quality perspective” and “is technology the final solution tp productivity” tagged in this forum.

Could you make sure if my ideologies are correct. I would be honored if you would help me by reviewing them.

25 01 2011
Gold Canyon Computer Repair, LLC

This is a great post.

16 02 2011
facebook

i love it

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