What does it take to start and succeed in business? That’s a question I get asked a lot. Although there is no one answer that fits all businesses, there are a number of practices followed by successful business owners. Below are some common themes.

Be true to yourself

Know the difference between starting business, growing and sustaining a business

• Don’t let your dream of business ownership overshadow reality – it is viable (consider the 3-points above)

• Choose products or services that you can sell for a lot more than it costs you to make or buy them. Always!

• Make realistic estimates of your expenses… then double them 

• Be true to your customers and prospects. Don’t promise what you cannot deliver

• Understand the importance of marketing and learn how to do it effectively

• Understand the importance of networking and learn how to do it effectively

• Treat your vendors, manufacturers and service providers with respect and let them know you appreciate them

• Embrace technology across the board

• Don’t expect miracles

do right thing

• Remind yourself that one is the loneliest number in business

Happy to meet to discuss how the above applies to you and your business.

What It Takes to Start and Succeed in Business

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *