Thursday, 19 November 2015

Steps To Starting A Successful Business

Steps To Starting Your Own Successful Business.

Now is the best time to join the groups of the self - employed entrepreneurs and business owners , and start your own business. Yes,you can start your own business.
Even as the economy has been very slow and tough lately which has been a great challenge . The question now is what does it take to start a success business ?
One common mistake many small
business owners make is mistaking
passion for business acumen .
I have done a research on how to start a profitable business and here are five keys to kick start a successful small business …

1. Your passion is good, but business skills is a vital key.

This may seem obvious , but I don't think so . One of the most distinguishing characteristics of any entrepreneur is their passion . It is passion that leads any
solopreneur to start their own venture in the middle of an economic slowdown .

Anyone who takes the time and energy to start up their own business is passionate
about the process and that is the right thing to do!
But the bitter truth is that passion alone is not enough .
One common mistake of many small business owners make is mistaking passion for business acumen. There are two parts to any business :

First is the part you love to do ,
that thing that got you in it in the first place , and second is doing everything else, doing the books , advertising , and all the rest .
If you want to stick around for long , be passionate , yes, but also learn all
of those other things . That is what makes you a real business person and entrepreneur.

2. Look for vacuums and waves .
To succeed in your business , you must strike a balance between being relevant and being different .
With so much competition out there , it is important to find vacuums — areas where your competition is not as strong . For example , I recently met a business person
who started using posters and flyers to advertise; his thinking was that only few people do that now , so he stands out using the method .
Similarly , catch a wave when possible . If everyone is talking about your product or service, there may be a very good reason for that. You should stay relevant .

3. Go viral on social media. You must have a great online presence .
People today now spend as much time online as they do in front of a television,Nigeria alone has more than 9 million people who are online daily. Don't just use Facebook for nothing use it to make money. You have to go where the eyeballs are , and if they are online , then you have to be there in a big way . Maintaining a robust online presence is
affordable now and it makes it even smarter . Get a great website, a great social media presence , a great e -marketing strategy.

4. Take advantage of technology . Technology can be your competitive
advantage . Whether it is software ,
outfitting your mobile workforce , or some cool gadget , technology can make the difference. So , for instance,buy some software program and learn the basics , then figure out how it can be used to your advantage.

5. Don’t lead but stand on the shoulder of a successful entrepreneur. Especially in the beginning of your business venture, especially as you are just
learning the ropes , following is better than leading without knowing the road. So learn about business, learn about your business , learn what works , and do
that read good books ,attend seminars and be informed . Get the help of counselor,consultant and business coach so that they can help you learn areas of your new business where you may be having little problem. The you need to launch out and market and advertise. I am sure these article will help you to live your dream of starting a successful business of your own. If you enjoy reading this article please share it with your friends and also remember to drop your comment here.

Think Positive.
Hope Uchemadu.
Speaker,Live & Business Coach
Twitter @ Mr_Uchemadu

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