Business Skills

 

Entrepreneur

Seven Simple Steps to Small Business Success

 

By: Brian Tracy

Brian is one of America’s leading authorities on the development of the human potential. He is the best selling author of 23 books, has trained 2 million people in 23 countries and his clients include IBM, Verizon Wireless, Bank of America and thousands of people just like you.

 

Seven Simple Steps

The starting point of many great fortunes has been these 7 simple steps.

  1. Set a goal and back it with a burning desire.

Setting Stretch Goals

  1. Begin accumulating capital with a regular savings program. Nothing else is possible without this. You cannot move forward until you start a savings program.

  2. Use your current job as a springboard to later success. Learn while you earn. Take the long view.

  3. Experiment in business on a limited scale so you can learn the key abilities necessary for success.

  4. Search for problems, needs unmet, products or services you can supply of good quality at reasonable prices.

  5. Read everything you can find on your chosen field. Remain flexible. Be willing to change your mind if you get different information.

  6. Implement your plans with courage and persistence. Have complete faith in your ability to succeed and never, never give up.

 

8 Key Entrepreneurial Questions

Would-Be Entrepreneur

How Good Is Your Business Idea?

Entrepreneur

Entrepreneurial Success

Do What You Love To Do and Make a Difference

10 Common Mistakes Made by Small Business Owners

A Classic Mistake Entrepreneurs Make

Be a Negative Optimist

4 1/2 Marketing Issues that Entrepreneurs Absolutely Must Get Right

Entrepreneurial Creativity

High-Growth Business Development: 4 Stages

Starting a New High-Growth Venture: Turning 5 Main Risk Into Opportunities

The Start-Up Capital Formation Process

2 Rules for Business Start-Ups

7 Characteristics of Successful Entrepreneurial Firms

Venture Management

The Art of Rainmaking

Business Model

New Business Models

Intellectual Property (IP) Guide for Small Firms

Turn Your Inventions into Profit-making Assets

Protect Your Trade Secrets

Create and Protect Your Trademark

Obtaining a Loan for Your Business: Dealing with Banks

4 C's of Commercial Lending

What Does the Bank Look for in Making a Decision:12 Questions

Venture Financing

Step-by-Step Guide To Venture Financing

Business Plan

Venture Planning

Start-Up Business Plan

Glossary of Business Terms

 

Introduction

Many businesspeople achieve their greatest successes in unexpected areas. They begin a business and then they find that it isn't as profitable as they had anticipated, so they change direction, using their experience and their momentum, and strike paydirt in something else.

The Tao of Entrepreneurial Creativity

The most important thing is to begin. To take action. To move forward one step at a time, learning and growing as you go. There is enough information available in virtually every field for you to become knowledgeable enough to achieve success. But action is necessary.

Take Action!

The Two Parts of Success

Success author Orison Swett Marden once wrote, the first part of success is get-to-it-ivness. The second part is stick-to-it-iveness.

Every business beginning requires an act of faith and courage, a bold leap into the unknown.

Only one in 10 people who want to start their own businesses ever develop enough courage to begin and enough persistence to continue. Get-to-it-iveness. And stick-to-it-iveness.

The fear of failure, more than anything else, holds people back. It paralyzes action. And it makes failure inevitable.

Begin with a Dream

Fortunately, even if you know nothing about business, you can begin with a dream, a castle in the air, and then build a foundation under it.

Estee Lauder: 15 Rules for Success

Action Exercises

Now, here are two actions you can take immediately to start moving toward entrepreneurial success:

  1. Set a goal, make a plan and then launch your plan. Get started. Do something. Begin on a small scale with limited risk and investment but get going!

  2. Resolve that, no matter what happens, you will never, never give up until you are successful. Before you accomplish anything worthwhile, you will have to pass the persistence test. And the test will come far sooner than you imagine.

 

 

 

 

 

 More by Brian Tracy

21 Great Ways To Build a High Profit Business     The Complete A to Z Plan for Business Success     Free Teleseminar CDs