Do You Have What It Takes?
I think it's fair to say that not everyone is cut out to be a successful business owner, now some of you maybe disputing this statement but hear me out.
I'm not saying that if you put a person in the perfect business environment that they won't succeed but how often does the perfect business environment appear?
Based on my own study and observations, as well as, the common themes that come through articles on my Minds Alike Blog Site (www.mindsalike.blogspot.com) I have put together a selection of the various "things" that a person must possess to be a successful business owner:
To be a successful business owner you must believe that you'll succeed and have a positive attitude because there will be times when self doubt strikes, but if you believe that success will happen then the doubts will be overshadow by your positive attitude.
To be a successful business owner you must be prepared to risk everything, this is where many people give up because they are not prepared to take the risk that could end up with them losing everything.
To be a successful business owner you must keep things happening, if you're someone who procrastinates and cannot overcome procrastination, you'll never succeed.
To be a successful business owner you must motivate yourself and not expect motivation to come from books, mentors, coaches or seminars, they can all help but when you wake up of a morning, it's all up to YOU.
To be a successful business owner you must have a Passion for what you do, otherwise you'll not have the Desire to carry on once the hard times hit and there will be hard times, believe ME.
To be a successful business owner you must never compromise on your Core Values, no matter what the payoff maybe, if you "trade in" your core values you haven't succeeded, you've given up.
To be a successful business owner you must have vision, you must be able to see how your business needs to develop and change in the future.
To be a successful business owner you must seek the Assistance of Others unless you're someone who knows everything and can do everything yourself, which, as you know is not the case, we all need help to succeed.
As I said at the start, not everyone is cut out to be a successful business owner, some of the themes above can be taught but will they stick and become part of YOUR make-up?
If your answer is no, then sorry, but you don't have what it takes!
Garry Munro has the Minds Alike web site at http://www.mindsalike.com.au where you can find more articles on success, happiness and self development.
Secrets of My Favorite Government Auction
I love bargains. And there's no better place to find bargains than an auction. And there are no better auctions than government surplus auctions. My favorite government surplus auction takes place the 3rd week of September every year in the County Park. I won't tell you which county park as this is my best-kept secret! Even though the auction is advertised in the local papers (as required my law), I usually find the same 20-30 people mulling around, looking at all the lots. And many of them I know are not high-bidders!
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As more and more people start or consider starting their own business, it is important that they understand the core steps that are required to launch successful ventures. These steps include spotting, assessing, selecting and executing upon opportunities.
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You have decided to strike it out on your own and set up a business consultancy. Chances are you want to look at getting your own office premises. Besides ensuring that your rental payment does not create serious cash-flow problems in the medium term, you have to look out for these other factors:
The Myth of Undercapitalization - Six Ways Entrepreneurs Achieve Success in Spite of Start-Up Money
This year more than 17 million people will become entrepreneurs, according to the National Association of Self Employed (NASE). By the end of the year, 8 million of them will return to the corporate world because their entrepreneurial effort did not succeed. Many will say the businesses failed because of insufficient capitalization. Actually under-capitalization is not the cause of failure, but a symptom of a far more serious problem.
A Dorm Room With A View
As a senior in high school, he paid cash for a BMW with money made by selling newspapers. In 1983, as a college freshman, he sold custom-made PCs and parts out of his dorm room?hiding them behind his roommate's shower curtain whenever Mom and Dad visited. A year later, with just $1,000 in start-up capital, he dropped out of school to focus fully on his expanding business. It took him just eight years to become the youngest CEO ever of a Fortune 500 company.
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What's a niche?
For Business SUCCESS... Listen To The Voices of Experience
Discover the pitfalls of owning your own business BEFORE... [you make a BAD choice!]
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Hurricane Katrina, Death, and a Different Type of Entrepreneurship
I've seen terrible images today on the television and internet-bodies of the elderly and infants floating in attics, buildings collapsing, seals washing up in the middle of highways. All I can say is that our thoughts go out to those in New Orleans, Gulfport and surrounding areas in this sad time. We will keep the people who have been hurt or passed away and those who were close to them in our prayers today and in the weeks to come.
Designing a Comprehensive Franchise Company Computer System
One of the most important management tools a franchised company needs is a great computer system. The system must integrate with all the franchised outlets and also be able to interface with the Corporate HQ computer system. There are many companies which have already set up specialty IT systems for franchisors, but much of an off the shelf system will need modification. Be sure when talking with software vendors that you make sure that you get what you want and do not simply fall for the sales approach of them telling you what you need? After all, how on earth would they know that? Designing and/or securing a computer system will require some pre planning thought on your part.
An Entrepreneurs Biggest Cost
When launching a new product or company, an entrepreneur must consider their biggest cost - the opportunity cost. Opportunity cost is an economic term that is defined as the cost of passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur's case, this asset typically includes the entrepreneur's time and money.
Playing Hookey Can Help! A Surprising Secret To Small Business Success!
Would you like to increase your chances of business success by 350%? The good news is that you can!
Creativity & Entrepreneurship: The Secret to Discovering Your Purpose in Life!©
Hello Creative Entrepreneurs!
The Business and Life You Want to Build
In the early days of my first consulting business, I knew I needed some sort of plan to give me the greatest chance at success. I took many a wrong step, yet in the end I managed to put a solid business together.
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If you want to make big money, you have to play not to work.
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Entrepreneurs know their business. They know their product, their service. Many of them write creative Web sites. But, one thing they are not as adept at is promotional copy.
What is Entrepreneurship?
In discussing entrepreneurship and writing articles on the subject, I have found that it aids understanding when we begin by agreeing on exactly what the word means to us.
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