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9 Key Elements of Starting Your Own Business!

You know you can do it. The question is how? How do you turn your idea into reality and start your own business? Today I have taken nine key steps from my new book Business Genesis that I have found to be some of the key elements to starting your own business. They also happen to be a few of the topics I receive questions on the most.

When you are starting your own business you will need to be flexible, innovative, have good planning and organizational skills. Many start a business thinking that they’ll turn on their computers or open their doors and start making money only to find that becoming a successful entrepreneur requires business savvy and skill. You can easily learn the key elements of success and begin to create and grow the business of your dreams by applying these few tips to your daily practices. To help you get started I have created a free Business Startup Checklist you can download right now to help you stay on track and successfully build your business. Get yours here! So, here we go.

If you have questions along the way don’t worry. I have place for you to get the answers you need an I will tell you about that at the end. Your first step is to…

1. Start Your Own Business by Getting Organized

There is no such thing as a disorganized success. To be successful in business you need to be organized. Organization will help you complete tasks and stay on top of things to be done. A good way to do this is to create a to-do list each day. As you complete each item, check it off your list. This will ensure that you haven’t forgetting anything and you’re completing all the tasks each day that are essential to the success of your business. Remember; The most successful people in the world all have one thing in common. They are avid list makers and followers.

2. Keep Detailed Records


It is especially important when you are starting your own business to keep detailed records. By keeping detailed records, you’ll know where your business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome the obstacles that can prevent you from being successful and growing your business. Remember; Knowing how much is in your accounts at the end of each day is one of the keys to business success.

Here is the other side of this and it is important for you to understand it, because it holds tremendous opportunity for you. Every living thing on our planet, including the Earth itself, is driven by the need for increased life. When that forward momentum of life is inhibited or denied, death and decay set in at once. All of nature, including you and I instinctively know this. As a result, this is why we all are continually seeking more life and a better way of being,

Where there is less life, inhibited growth, pollution, frustration, lack of understanding, and emotional disconnection, there is urgent opportunity for you to offer increased life. Solve a problem, meet a need, offer an opportunity for increased growth, more life, emotional connection, happiness, and a better way of being.

4. Understand the Risks and Rewards

The key to being successful is taking calculated risks to help your business grow. A good question to ask is “What’s the downside?” If you can answer this question, then you know what the worst-case scenario is. This knowledge will allow you to take the kinds of calculated risks that can generate tremendous rewards for your business. Remember; Only take risks that will have a minimum impact if they don’t work out and a maximum impact if they do. If the risk you are considering does not meet these criteria…. pass.

 

5. Create Business Success

Always be looking for ways to improve your business and to make it stand out from the competition. Recognize that you don’t know everything and be open to new ideas and new approaches to your business. When it comes to business change is a good thing. You always need to keep things fresh to keep your customer base interested and coming back to see what’s new. Remember; If you are not continually moving forward, you are moving backwards.

6. Stay Focused and Consistent

The old saying, “Build it and they will come”, does not apply here. Just because you open a business doesn’t mean that you’re going to immediately start making money. It takes time to let people know who you are, so stay focused and consistent on achieving your short-term goals, develop promotional partnership, use your local media to advertise your business’s participation in community events. Remember; The most effective types of advertising are usually free.

7. Prepare to Change Your Priorities

The lead-up to starting a business is hard work, but after you open your doors, your work has just begun. In many cases, you have to put in more time than you would if you were working for someone else. The key is to try to create a balance between the time you spend at your business and your personal life. Be prepared to offload some of the responsibilities you used to have in both parts of your life onto someone else’s shoulders. Remember; You can not do it all and expect to do it all well.

8. Provide Great Service

There are many successful businesses that forget that providing great customer service is important. If you provide better service for your customers, they’ll be more inclined to come back to you the next time they are in need of something instead of going to your competition. Remember; Superb customer service is one of the single most valuable tools that a small business owner can use to become a lasting success.

9. Be Consistent


Consistency is a key component to making money in business. You have to consistently offer great value with the highest level of customer service you are capable of and then continually try to do it even better. This will create long-term positive relationship that will help you make money over the long term. Remember; Repeat customers are the Holy Grail of small business success.

Business Genesis is a Step-by-Step Online Training Course That Shows You How to Start, Grow, and Market Your Own Successful Business Doing What You Love!

Everything you need to guide your very first steps is laid out for you in simple , easy to understand and organized modules with easily accessible lessons.

Business Genesis shows you exactly how to create financial security and build your brand and customer base, shows what works in marketing your business to the world, and guides you how to leave a legacy of success with tips and tools to help you build financial security and positive impact on your local and internet community.

You can finally enjoy the freedom of doing something you love and generating an income you can actually live on. Get Started Now! 

To smooth your path and guide you on your way to building your own successful business, I would strongly advise you to get your own personal copy of Business Genesis and the Small Business Toolkit. Together they will help walk you through each step of building a successful business before you invest a ton of time, money, and resources. Both will save you years of mistakes, wasted money, and worry. I hope this has given you a little guidance. If you need more in depth help, please feel free to post your comments below or Contact US Directly and send me your questions. I love hearing from you and about your business! If you think this post would benefit someone else, please feel free to share it with them and we would love to connect with you on Twitter.  @SpectrumBizllc 

 

 

 

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