Let’s be real. The founders of many successful businesses didn’t start out without running into problems. In fact, they persisted through failures, disappointments, rejections, self-doubts and a host of other difficulties. However, because of their warrior mindset, they pushed through initial failures to reach success.
“Failing is one of the greatest arts in the world. One fails towards success.” Charles Kettering
Do you want to be rich and successful? The secret is to adapt the daily habits of rich people. Why? Positive habits create a successful business and lifestyle since your routine governs your productivity. Therefore, the habits (good or bad) you repeat constantly will eventually become part of your consciousness.
Habits are formed when actions are tied to a trigger by consistent repetition so that when the trigger happens, you have an automatic urge to do the action. Source
Are you on the fence about setting up a new business? Be inspired by these successful business men and women. They wanted a better life. And so, they worked to make that life a reality. Hard work, perseverance and a clear vision helped them build successful businesses from nothing.
Instead of throwing in the towel and accepting defeat, they battled on. A lot of them struggled through poverty, dysfunctional family lives and lack of education. However, despite challenges, they endured. Some went on to build million and billion dollar businesses.
Warren Buffett, one of the world’s most successful investors, nurtured his vision from a young age. He always knew he would be successful when he grew up. For that reason, his dream stayed rooted in his mind. Throughout the years, it remained rock-solid and consistent.
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
Indeed, his vision came to pass.
Why is Warren Buffett’s story unique and inspiring?
How do you start a business with no money? You have a fantastic vision for a new business. But you have a big problem. No money. This is an issue for a lot of emerging entrepreneurs.
However, keep your vision alive. Don’t give up before you start. With a little creative thinking, there are a number of ways you can get funding.
The first thing not to do, is not leaving your day job. Not just yet anyway.
The average person has at least four or more business ideas. If you action these ideas effectively, they will turn into income.
How?
By using your ideas to provide customers with solutions to meet their needs. This could be selling products or services.
Everything starts with an idea. It’s what you do with it that matters. Keeping them stuck in your head will not profit you unless you act upon them.
Starting a business without a business plan is similar to setting it up for failing. It’s a road map for a successful business journey. If you start off on a journey without any idea of where you’re going, you will get lost. So, why take a chance and gamble with your business thinking that things will fall into place without any direction?
You must know the vision of your business. When it’s written down, it’s easy to communicate it to others, especially if you plan to have staff. Another reason you might need a plan is for funding. You can’t approach a bank or an investor without a business plan. Your written plan is proof that you have a valid business idea, showing how you intend for it to work.
Are you aware that you can use Pinterest for the growth of your business? It’s one of the largest social sites. What’s even more fascinating is that it has more than 100 million active users. This is good news for you. The potential for reaching new customers for your business is huge. Who doesn’t want new customers? They are the ones who will help your expand your business.
To show you the impact Pinterest can have on the growth of your business, read what Artifact Uprising said, “We love Pinterest because there’s nothing else like it…its aspirational, visual and creative qualities make it an ideal channel for the kind of work we’re doing,” Thurmes said. “Pinterest represents an entirely new future for how brands can connect with potential customers and inspire those they already have.” Source
According to the U.S. Bureau of Labor Statistics, your business only has a 50 percent chance of surviving its first five years; this was corroborated by data from the Small Business Administration, which reveals that only 66 percent of small businesses survive their first two years and that around 50% of small businesses survive their first 5 years.
While having the right business ideas, strategy and execution matters, something much more important that many people ignore when it comes to building successful businesses is this:
PRINCIPLE.
Successful business owners are guided by certain principles and rules, and often these rules end up influencing their success.
If you want to build a successful business in this 21st century, you need to live by these rules; they’re kind of like the 10 commandments of building a successful business.
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