How To Start And Grow A Successful Business – Turn Your Passion Into Profits

More than 60 percent of businesses close doors within the first year of starting operations because of a number of constraints. For you to start a business and succeed, you need to have a lot of determination, resilience, self-discipline and focus. Businesses such as Apple were able to succeed because their founders had adequate focus and inner drive to take the business to the next level.

Here are eight key things you should know to start and grow a successful business:

1. Follow Your Inner Passion

As a matter of fact, achieving success in life is not a prerequisite for those who want to be happy. However, happiness is mandatory if success is to be achieved. Success is achieved by those who love what they are doing. It is advisable for anyone who wants to start a business to select something that he or she loves the most, but this should be something that has a market. If you choose something that can’t sell, there is high probability that your efforts will never pay off.

2. Work on Your Commercial Enterprise

There is an old saying that says that you drive your business or it will drive thee. This is a popular saying by Benjamin Franklin who achieved success as an investor and writer. Start by finding your passion and there after developing a clear and well-detailed business plan. Also, a well-developed strategy is a key recipe for success in every business.

You don’t have to do things your own way. Well, this may bring you success, but it’s not always the case. You can learn a few methods of running a business from successful entrepreneurs, especially those who are famed for developing efficient business systems.

3. Define Your Business Goals And Objectives

The life of a man will only have meaning when he or she is striving for his goals and reaching out. When you have goals, you will know where you are coming from and where to go. It is good to know that any entrepreneur will achieve his or her goals when there is persistence, proper resource allocation and focus. Clarity is power and when used in defining your business goals, success is inevitable. Whenever something comes your way, you will still be able to stand strong and focus on achieving the goals that you have set. You will never be swayed aside when you have clearly defined goals and objectives.

It is of great importance to know what you want to achieve after a day, week or a month. After you’ve drafted your goals, you should monitor your results.

4. Don’t Give Up

Every business has challenges that are unique to it. You should learn from past business trends and put in place the right measures that would enable you take your business to the next level.

Challenges will only be overcome when they are precisely known. Know about the possible source of the hurdle your business is going through and find a perfect solution. Know that most of the challenges faced by commercial entities can be overcome by not quitting.

Know where your business is and where it is going. You should never give up regardless of the circumstances you are facing.

5. Take Action

Taking action is one of the keys to success in business. However, you should always know that action might at times bring painful results. Action combined with good business strategies often yield great results. Steve Jobs once said that we tend to attract different types of people and there is not a need for a person to wait for up to ten years for someone else to take a huge risk on her or him.

6. Focus

Your capital, thoughts and energies should be focused on growing the business. You can get the money you badly need when you focus your money and time on your business.

7. Review Your Budget Regularly

You will need to know if you are moving towards the right direction or not through comparing your actual results with the planned ones. You can put in place the right strategies to reverse unfavorable variants while adding more resources to help increase favorable variants in the revenue centers. This is a sure method of moving your business to the next level.

8. Business is a Life long Learning Process

Apply the lessons that you have learned in the process. Let there be gradual improvement and within no time, your commercial enterprise will be running efficiently.

Building a Prosperous Business – Personal Development

Personal Development – Action vs Daydreaming Personal Development (PD) is one of the hidden pillars of the successful home business and for business leaders in general. The will and drive to build success has to be sustained over time. We actually need to work harder on ourselves than we work on our business to sustain our commitment. Its about controlling and disciplining our minds and becoming more because success is not something we pursue – success is something we attract.

Attracting Success

In order for us to attract success we need to become that person that attracts success. We are not going to attract success if we are not mentally ready to attract success. At least 30 minutes of PD every day. The key here is not to look outward for excuses, fall guys or success – everything is in our hands. There is no outside force that is going to make us change. Invest in books, magazines, etc. in terms of expanding your mind and becoming more prosperous.

Also, no one book is going to answer everything for you, even if you are saying to yourself right now “YES – I have the magic Book”. YES – it is funneling ALL wisdom about everything to me right now”. What you need to look for is material that resonates and moves you the most – start there.

Because the more you do – the more/faster your circumstances will change. It’s not about working hard – it’s about becoming more. So we can achieve more. Personal Development is not an end in itself it is a tool, one of many in your tool kit. Don’t get lost in empowerment or feel good messages. PD HAS to become accompanied by action – it is NOT a replacement for your plan.

Communicate with people and tell them where you are going at every opportunity. Giving your vision a reality through declaration and then implement. Implementation is one of the hallmarks of a becoming a leader.

Being a leader is a process. We can all say the same thing but it is how we language it to our teams. This is a process we are all working to become better all the time.

Practice it — Every opportunity with your team/friends/family/etc. – tell them where you’re going. Is it frightening – YES. Why? Because you committed yourself to take action by exposing your vision to the world.

Problem Solving The only person who doesn’t have problems is in the cemetery. So all of us are and have been here. Formula for embracing problems:

We all come from backgrounds that say avoid problems FORGET THAT We need to get better at facing challenges and solving problems.

Good problem solvers and going over obstacles and being able to talk about to other people about and through it is incredibly liberating. We want to become a person to see a problem as an opportunity to get us where we want to go. We need to embrace problems and work to solve them. Obstacles, challenges, problems are all the same. Why?

The bigger the problem- the bigger the check.

Overcoming Fear

Here’s what I like you do. The great thing about PD is that when you take action you do really feel better. Start manageable and grow. Write a list of what you don’t like to do – what makes you feel uncomfortable.

This lays out action items and it puts you in control. If it we put ourselves out there – we are going to get more of we want so we need to be prepared to put ourselves out there and the first step is to make a list – make it real – get it out of our heads.

After you compiled the list – make the opportunity to do those things. In this world we all have choices – nobody’s forcing us to anything – we need to become willing to do and become more (see time management piece). Then you have to be willing to DO the things to get you where you want to go. No magic – just choice. Am I willing to do that? If you see something to be taken care of – you step up and take care of it.

In general, people are not willing to do the things which are uncomfortable – that is what keeps them where they are. A good leader is someone who is willing to do the things that make them uncomfortable. First, you do it yourself and then tell others to do the same. Your team, family, etc. is thinking the same as you used to – let them that no one is going to put an obstacle in front of them except for them. And that the faster we remove our barriers the faster we are going to move forward.

Becoming a Leader

To be a leader the best thing you can do is to be around leaders

Understand their thinking

Feel their belief and passion

Know that YOU can join them anytime YOU wish Get Committed — Don’t hold back — Willing to learn

Traits of Successful Business Women

There are many successful business women out there, but I guarantee that their success did not come easy. There is a lot of pressure placed on women in the world today, and life runs at a much faster pace. We are expected to be able to juggle both being a mom and a career woman. To achieve this, many women are starting their own home based businesses. Here are a few traits of successful business women that I believe are the key to success in their own home based businesses.

An Entrepreneurial Spirit:

In order to be successful in your home based business, you must be a go-getter and understand that it takes a lot of effort and perseverance to start your own business. You must understand that building your own business takes a lot of creativity and a lot of advertising. You must have the proper mind set to understand how a home business works, and that it takes time to make a business profitable. Your success truly depends on how hard you are willing to work for it. You must have a strong desire to succeed.

Self Confidence:

You don’t have to be an overly outgoing person to have self confidence. As a home business owner, you will experience many bumps in the road, and these are the times when self belief will come in handy. You will also have to learn to sell yourself, both in person and on paper. Whether you are hosting at home meetings or parties to sell your products, or utilizing social media tools, it takes confidence to advertise your business properly.

Excellent Writing Skills:

Whether you are using article marketing, blogging, social media, newspaper ads, or flyers to advertise your business, you must have up to par writing skills. If you have terrible grammar or misspelled words, you are going to lose a tremendous amount of credibility. Make sure that your writing is as close to perfect as humanly possible. Find someone to proofread, read your material out loud to yourself, and don’t rely solely on your spell check.

These qualities are just a few traits of successful business women in relation to a home based business. To master all of the traits of a successful business woman takes life experience, successes, and failures along the way.

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