Like I said in my article last week, a high percentage of startups end up in the business failure heap. Therefore, if you want to avoid being one of the statistics, take action. You didn’t start your business for it to fail. So, intentionally work on it. Plan, be organized, run it as a pro, and you will succeed.
Let’s look at some strategies you should put in place for a successful business.
Are babies and business skills connected? At first glance, it may seem that they’re miles apart. For a start, babies are innocent little dears, without a clue about business. That may be so. However, knowledge is available everywhere, even from a baby. Watch their behavior closely and you’ll see the connection. They have amazing skills you can adapt to help develop your business. Read on to find out more…
Unfortunately, according to the Small Business Administration, 50% of startups will face business failure within the first five years. No entrepreneur intentionally starts a business with the intention of it failing. Those who make it have the knowledge, skills, strength of mind, and will do whatever it takes, to create a successful business. Nevertheless, others will treat their business like a glorified hobby and expect it to succeed.
Starting up and running a business is not for everyone. The statistics of failed businesses are alarming. If you want to be fruitful, there are pitfalls you must avoid to reach your goal.
There’s nothing more refreshing than reading inspirational quotes from business leaders to boost you. Business can be draining. It saps your mental and physical energy. You dedicate your life 24/7 in an attempt to make your business successful. For this reason, you deserve a dose of inspiration to keep you on track. Read and digest positive, encouraging quotes from professionals and influential business gurus to fire up your creativity.
Here are some of my favorites to motivate you. As well as give you a portion of renewed energy for your mind.
Are you considering starting up a business? To make sure it stands a chance of succeeding among the millions of other businesses, carry out market research first. Creating a market research action plan is a vital part of your business groundwork. It’s great to have a wonderful business idea in your head, but who are your customers?
Don’t fall into the ‘I want to start my business now’ trap. Do your homework first.
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.
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