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Posts Tagged ‘Successful’

When evaluating successful home businesses, there are certain things they all have in common – things that you could say were essential to their success. In fact, without these things a home business is sure to fail. It does not matter what type of home business you have or how successful you want to be, you need to know these keys to home business success in order for your home business to thrive.  

Market Research

If you want to run a successful home business, you are going to need to research your market before you get started. Without proper market research, your home business may be doomed from the start. For example, say you want to start a dog washing business and you want to charge thirty dollars for each dog you bathe. You figure you can bathe about seven dogs a day and since you have very little overhead, your business should be profitable almost instantly. Unfortunately, when you start to advertise and you open up for business, you do not get a single call. What went wrong?

If you would have done your market research, you would have found out that there are five other dog washing businesses in your town. Not only do these businesses already have relationships with the local dog owners, they charge between fifteen to twenty dollars for their services. So not only are you the new kid on the block, you are the one charging the most for the services you are offering. With the right amount of market research, this costly mistake could have been avoided. 

Do not make the same mistake made in our imaginary scenario. Perform market research and know exactly what you are getting into before you jump in. 

Proper Planning 

Every successful business, whether it is a home business or a brick-and-mortar business, needs a substantial amount of planning. Because of this, it is essential that every home business has a detailed business plan written. You can write the business plan yourself or you can hire a professional business writer to perform the work, but make sure the business plan is in black and white and is updated as needed. After all, as a home business grows and changes, the business plan will need to grow and change along with it. 

Great Advertising 

Every successful home business invests in good advertising. Without advertising, no one is going to know about your business. However, bad advertising can be just as detrimental to a home business as no advertising can be. If the advertising you produce for your home business does not reflect the quality your home business offers, why would potential customers trust you to provide them with quality products or services? Your advertising speaks volumes about your home business, so make sure it is done properly and professionally. 

Self Discipline 

All successful home business owners are self disciplined. Without self discipline, you might find it tempting to sleep in until noon everyday or let mundane paperwork slide. Your home business is as real as any storefront business and it must be run as such. Because of this, self discipline is a characteristic that all successful home business owners must possess.  

Organization

Every successful home business has a certain amount of organization involved. The paperwork and files must be organized, the bookkeeping must be organized and the home office itself must be organized. Without organization, things will fall through the cracks and mistakes will happen. To ensure that your home business is as successful as possible, make sure you have an effective system of organization in place.

Remember, a home business is like a baby. It needs to be nurtured and cared for in order to grow. By practicing these keys to home business success, you will be well on your way to operating a lucrative and successful home-based business.

I recently read a thread in a forum in which somebody was dismissive of other people who wrote about success. His argument was that they wrote about success but were not successful themselves.
I made no comment, just smiled as others were diving in to dismiss what was nothing more than a self glorifying remark. To make such a statement he must have had a very narrow minded view of success, presumably relating success to massive wealth. Even on such a narrow, and plainly silly, definition, how on earth could he know whether others who wrote about success had been successful or not? Clearly, he could not.
With that statement he had insulted just about every person on the planet who could write. Success is a very personal and individual achievement. You could examine the life of any other person, and pinpoint successes in their lives; and if they could write, they could write about success. Those successes may be beyond the vision of somebody who is arrogant and judges people by their level of conspicuous wealth. However, those little successes in that person’s life may be of relative importance to that person, whether a child, teenager or adult, and also to their family and friends.
Success is always relative, and can relate to just about any aspect of human existence. Nobody should just be dismissed as unsuccessful by others. An individual can, of course, be unsuccessful in a particular endeavour; even so, if they set out on that endeavour at all, then they are more “successful” than somebody who never found the impetus to do so, even though they want to.
It is even possible to “succeed” and “fail” at the same time. Taking an example from my own life, in my late teens I wrote my first two novels. I felt very satisfied, and considered the second novel at least a success, even though I could not find a publisher and never made a penny from it. As a novelist, I was a failure; yet I felt success.
When considering your own success it is worth bearing in mind a dictionary definition, just to help keep it in perspective: success is “An event that accomplishes its intended purpose.” That is really all it is; it does not have to be about conspicuous wealth, nor does it have to be highly public.
The most obvious successes are, of course, visible in public and can often be accompanied by conspicuous wealth. However, you will usually find those successes have been preceded by a lot of smaller and less obvious successes, and failures as well, all of which were essential to that ultimate and big success that everyone sees today.
A famous and successful musician, for example, may have had their first success in mastering their first tune on a guitar. It was an essential success, but small and insignificant at the time. That same musician may have had their first public performance, when everything went wrong and the audience booed, and been dismissed by those present as a failure. Yet, it was an important step to their ultimate success.
Long term success in anything depends on a series of steps, each of which has to be taken to get to the ultimate destination. Each step can be its own little success, or sometimes a failure that sparks the greater effort that leads to ultimate success. Each is as important as the other.

How do you know whether you can be a successful entrepreneur, or if you are better off as a salaried employee? Everyone has bad days at work, when they start to fantasize about how great it would be to be their own boss. But before you make any drastic moves, it is wise to do a bit of self reflection to determine if this is really something you’ll be naturally suited for. Although there isn’t a tried and true formula for success, studies have shown that successful entrepreneurs share many common characteristics. Do you possess any of these personality traits? Many of them? If so, you may be a natural entrepreneur, a person who is inherently better suited for owning your own business than working for someone else.

Owning and running a business is a creative, challenging and highly rewarding way to become your own boss and chart your own future. It’s about creating and finding a better way to do things, offering customers a new choice that is of value to them. In addition to making your own living, it is also about providing opportunities to help others advance as well, whether it is through job creation or simply by hiring other contractor firms. Ultimately you want to create a business that you run, instead of it running you, and hopefully it will make you a nice little fortune in the process. It takes courage, determination and foresight to decide to become an entrepreneur. Leaving the relatively safe corporate world, where paychecks arrive regularly, and benefits are guaranteed, you will be venturing into the uncharted territories of business and it can be a daunting adventure, but if you’ve got what it takes, it can be the best challenge you ever face. I have met many people who have made this decision without really thinking through all of the long term implications or really what their long term goals are for the venture, and the ideal role that they would play in the company. I can tell you from experience that you will be able to achieve far greater results in your business more quickly if you take the time early on to determine what characteristics you possess that will be your entrepreneurial strengths and where any weaknesses may lie so you can be aware of them and hire and outsource to bolster them.

While there is no recipe for success, most successful entrepreneurs share many common characteristics. To determine whether you can be a successful entrepreneur, or if you are better off to work for somebody else, see if any of these sound like you:

1. Big dreams. To attain the kind of success that you want, you need to dream big. Every success story starts with big dreams. You don’t hear Oprah saying that she wanted to just pay the rent and get by. She had big dreams. If you’re going to be a successful entrepreneur you need to have big dreams for yourself. Just making enough to pay the bills or getting a few customers is not enough of an aspiration to fuel you forward. Make no mistake; this journey will not be an easy haul, so you really need one heck of a carrot out there to motivate yourself to keep pushing. Similarly, success is not achieved in a vacuum; your dream needs to not only inspire you it needs to inspire others as well. Your dream should be something that others will believe in, see as worthwhile and want to support. Your dream needs to include being wealthy or famous but it definitely should center on being fulfilled. Do not enter this race to be just another runner, but do not feel that you need to be the winner or else your efforts will be in vain. Many small companies have done a great job at providing a unique value to a select niche market that has lead to great results for them. These companies have made an impact on targeted people and on businesses, communities or organizations. They didn’t just sell something; they made a difference, caused change, made things better, easier, faster, more effective or made something never possible before, possible.

2. Clarity and vision. You need to have a clear vision of what you want to achieve. Along with dreaming big you should actively visualize success in your mind so that you can almost feel it, touch it or see that it is within your reach. You should play this image back at every opportunity. What does it feel to triple your current income? How will your life change? What will your business look like if you achieved the million-dollar mark? It is not enough to just think that you can wait and see what happens. You must be able to see what happens before it does happen, that is how you make it happen. Successful entrepreneurs possess an attitude of openness and faith that they can have what they want if they can simply envision it as the first step on the path of action to acquiring it.

3. Passion for what you do. As an entrepreneur you started a business to change your life, to create something better, something more. You saw a need, an opportunity. To attain this change successfully, you need to develop or uncover an intense, personal passion to change the way things are. A passionate person lives life to the fullest, has a lot of energy to give, and their passion inspires others and that passion sells. It is not enough to just have a good product or service, you must have passion. Success comes easily if you have a great love of what you do. Why is that? Because we are more relentless in our pursuit of goals about things that we love. If you hate your job right now, do you think you will ever be successful at it? Never. You may trudge along, even become competent at the tasks, but you will never be a great success at it. You will achieve peak performance and do what you have to do to succeed only if you are doing something that interests you or something that you care deeply about. Entrepreneurs who succeed do not mind the fact that they are putting in 18 hours a day in their business because they absolutely love what they do and they believe in their mission.

4. Openness to new knowledge. You don’t need a degree in business to succeed at your own business. Studies show that most self-made millionaires have average intelligence. Nonetheless, these people reached their full potential and achieved their financial and personal goals in business because they were willing to learn. To succeed, you must be willing to ask questions, remain curious and open to new knowledge. This willingness to learn becomes more crucial given the rapid changes in technologies and ways of doing business and those that are open to change based on knowledge are the ones that have the best chance of being successful. Become a student of business best practices. You will want to learn about other businesses and strategies that have worked and see if you can adopt them to your business. Sticking with what you know because it’s all you know is never the best option. As soon as someone decides he knows it all, it is all over. There is a wealth of knowledge out there; those who find the knowledge that will best serve them and then put it to work are those who reap great rewards.

5. Health and high energy. I mentioned long hours before. It is not uncommon for entrepreneurs to put in two normal work days for every one weekday as well as spend time on the weekends in their business, especially in the first two years. In addition to mental dedication, this takes physical stamina as well. You need to be able to put this kind of extra stress on your body without it taking a toll on your health or on your personal life. Maintaining a healthy diet and exercise regime are highly recommended because they will strengthen your body and your mind to enable you to deal with this better. Many successful entrepreneurs say that they don’t need very much sleep. They are fine with four or five hours a night and wake up full of energy. As a small business you are not going to have a huge marketing budget or the best of anything from a resource standpoint, so you need to make up for this lack with your high energy level. People love energetic people and they tend to make natural assumptions about their success level, their intelligence and their competence based on this energy.

6. Persistence and faith. The people who say that the road to success is easy are forgetting the drive it took to get them there. Even with all the hard work and good intentions imaginable many entrepreneurs will fail. Some successful entrepreneurs suffered setbacks and defeats and even bankruptcy, but they managed to stand up again and make it big in their fields. The courage to persist in the face of adversity and ability to bounce back after a temporary disappointment will assure your success. An entrepreneur must learn how to pick up and start all over again. Persistence is the measure of the belief in yourself and if you persist you can succeed.

7. Discipline. Self-discipline is the key to success. You should be getting into work routines and forcing yourself to stick to those routines. If you are going to be a successful entrepreneur you have to have self-discipline. It cannot be a thing that you strive for and think about. It must be a part of who you are and how you operate. Going the extra mile for your business is not just a bonus it is a necessity for a successful business and successful entrepreneurs know it.

8. Self confidence and optimism. Successful entrepreneurs know that they are going to be successful. They refuse to have let the possibility of failure enter into their minds. They don’t see setbacks and think that they are on the road to closing their business and giving up. As an entrepreneur, you need to fully believe in your goals, and that you can do it even in the face of adversity. You should have a strong conviction in your business, in your capabilities and in yourself. You must believe beyond a shadow of a doubt that you have the ability to succeed and not let that belief be shaken. The more you can develop faith in your ability to achieve your goals, the more rapidly you can attain it. However, your confidence should be balanced with calculated risks that you need to take to achieve greater rewards. Blustering forward with full confidence but without thinking through all of the risks is not the mark of a successful entrepreneur. Successful entrepreneurs calculate risks and take setbacks as lessons learned that will not be repeated.

Becoming a successful entrepreneur is hard work. It takes time and effort and a certain drive, but it can be one of the most rewarding and best things you do in life. Achieving your long term business goals will require energy and endurance. Commitment is what will keep you on task and having a flourishing business is the end reward for that work. For more information about how becoming a successful entrepreneur, visit www.flourishingbusiness.com.

It’s a word we use constantly. Authors of self-help books use it in their titles all the time. If you are a human being with any kind of goal or project, you want it. But what does it actually mean? How do we define success?

We may all want success, but we don’t all see it in the same way. One person’s success may be another’s failure. Some people would be very happy to get a B in exam. For some people, anything less than an A is a failure.

What does a successful person look like? Do you imagine someone with an expensive, fast car with a Rolex watch? Do you think about a sportsperson winning a gold medal? A great contributor to humanity, such as Ghandi? Or do you imagine a person who is merely happy?

If we have achieved our goals, but are not happy, are we truly successful? Perhaps this just means that we have not clearly defined our own terms of success. If achieving our goals does not bring fulfilment, perhaps it was someone else’s goal we were aiming for. Our parents, peers and teachers may be very good at imposing their own views of what success means, but the danger is that it may not ultimately be ours, and it can take a long time to find this out.

There are many different definitions of success. Before we travel the road on the journey to our goals, we need to be sure that we understand our own vision of success.

For example, let us say that you own your own online home business. Of course, you want it to be successful. But what does this success look like for you? Is it extra income so that you can go on an extra holiday every year? Do you want it to bring you a full time income so you can leave your current job? Or do you want to be another Matt Morris of Success University and make millions? Which of these definitions means the most to you?

The other danger, other than not defining our own terms, is that we set our terms too high. I’m not saying we should not have big goals – we can all benefit from thinking big – but if our only goal in life is to be a millionaire, it might just take a little time to feel successful! Why not be successful every day? There are many ways in which we can set ourselves little goals or tasks for every day, or every week so we can feel we are making progress and be a successful person.

Here’s an example. One of my biggest goals is to become a bestselling author. However, I don’t think that I am not successful because I have not yet achieved that. For me, I am successful if I write every day and am continually working towards my main goal. I have other writing successes, such as completing four novels and having articles published in glossy magazines. Yet, while these are all successful achievements, they are also stepping stones towards more confidence, more goals and greater achievement.

While we are aiming for the stars, we also need to look around us and see where we are successful every day.

To find your own success definitions, ask yourself the following: What is important to you? Write a list of your important values such as integrity, humour, family or freedom and make sure your goals fit in with these. When did you last feel happy and proud of yourself? What were you doing, or what had you achieved?

If you want success in life there are many resources, such as life coaching, or online websites such as Success University. But first you need to define success on your own terms. Once you have done that, you take action to achieve it, and achieve it daily.

Recently, Susan Boyle, an unemployed forty-seven year old single woman from the small village of Blackburn, Scotland decided to compete in the television program, “Britain’s Got Talent.” She did not look like the typical “star quality” contestant. So, when she first walked out on the stage, the audience and judges started laughing and giving her cynical looks. Then she sang. The audience and judges were instantly won over and she continued to the next round of competition. Because the program was on television and the video of her program appeared on YouTube, she won over millions of additional fans with her unique talent. Whether she wins the competition or not, she already won by living her dream. By taking the bold step of competing, Susan won over millions while creating unlimited opportunities to sing her song of success.

So I ask you the following:

Are You Singing Your Song of Success?

Are you letting your song of success go silent? The following are five secrets that will guarantee that your song of success is heard and you can also live your dreams:

Apply the five success secrets at your business, your career, and your life in the face of all obstacles and you can live your dreams. Susan is singing her song of success; why not let your song be heard?