It’s not something that most of us would dare venture, but starting your own business venture does have its share of excitement. There are pessimists who say that 9 out of 10 new ventures fail, but then, failure is a relative term. It depends on how you define it – if you don’t make a profit in the first few months, are you a failure? If you are not busy all the time, does that mean that you’ve failed to succeed? And if you are going through a bad patch, would that count as failure?
The point I’m trying to make is that we all want to succeed, but success means different things to each of us. So when you’re starting your new business, here’s what you need to keep in mind:
1- Do something you love: When you’re passionate about your work, it becomes a labor of love, not a chore that has to be endured. And this encourages you to strive harder for the success you dream of. When you’re able to make a business out of your passion, you know you have a surefire recipe for success.
2- Do your research thoroughly: You need to use a little of your head as well when starting a new business. Study the market thoroughly and see if there is a need for the product or service you are selling. Only then can you rest assured that all you need to achieve success is a combination of hard work, dedication and initiative.
3- Be prepared to work hard: Hard work never killed anybody, especially work that is well planned and equally well executed. Plan your operations ahead so that you get things done efficiently. Know how to delegate tasks so that you don’t overwork yourself. And know where to draw the line when it comes to taking the office home with you.
4- Invest in a good team: You are only as good as the weakest person in your team, so ensure that you invest time, money and effort in hiring talented and skilled people who are not afraid of hard work and are willing to learn what they do not know. When you are supported by a good team of employees who work with you rather than for you, you know you’re well on the route to success.
5- Remember that the customer is king: And last, but certainly not the least, without your customer, you have no chance of making it big. So treat your customers with courtesy and provide them with services and products that are of good quality. Be ethical and transparent in all your dealings with them, because it is their goodwill and continued patronage that works in your favor to bring you new customers and help your business grow.
6- Continue to innovate: So now your business is up and running and you have a steady stream of income coming in. Stay one step ahead of the competition and prevent your business from becoming obsolete or defunct by innovating. Keep in tune with market trends and find out what your customers expect. Cater to their needs and watch yourself taste success after success.
Courtesy of : cristinafavreau
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