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Sunday, December 18, 2011

Secrets of Successful Small Business Owners



For many successful small business owners, the journey to the top wasn’t easy. They had to overcome many challenges and face many problems along the way in their quest for business success. That journey always seems to be the same for everyone who ventures into business but what they make of it always seems to be the real difference on the long run. So here come the secrets of what many small business owners have done overtime to succeed in whatever business they put their hearts to.

Secret #1

Vision

Why are you in business? What would you like to be remembered for doing in business? That is what your vision should be about. Successful small business owners often ask themselves why they are in business and what they hope to be remembered for, that now serves as a launch pad for their business exploits. A great route to business success always starts with the question why am I in business? Making money shouldn’t be your answer because it is too short lived and narrow minded.

Secret #2

Passion

Do you love what you do in business? That is another key ingredient for successful small business owners, they are passion driven folks who focus much of their efforts on being relevant doing what they enjoy doing and getting paid for it as well. If anyone ventures into a business they are not passionate about, chances are that they will fail in business.

Secret #3

Goal Setting

The journey to the top in business is made much easier when the small business owner has goals he intends to achieve and works very hard to ensure that nothing stands in his way while trying to accomplish it. Goals give direction and purpose which in turn makes it worthwhile and possible to start and finish projects conveniently. With time the process of succeeding in small business becomes a breeze.

Secret #4

Planning

Are you a small business owner and don’t plan? You are asking for trouble if you do that because the lack of planning or the absence of a viable one is a major recipe for disaster in business. Many businesses are accomplished failures because of what planning failed to accomplish likewise operating without one. Better to have a bad plan, fail and learn from it than not to have one at all. It is important to plan in business and planning covers everything from marketing to finance to administration and so on.

Secret #5

Persistence

The quality of never say die, refusing to give up and with so many challenges and odds ahead of one is what makes most small business owners succeed. When you start a business and don’t see results in a few months time it is not enough reason to give up. Ask amazon and CNN why they succeeded although they are not small businesses but their persistence is very much relevant to small business owners as well. Persist provided you have a viable business opportunity to pursue, the only obstacles are the challenges, once you can overcome them then the route to success becomes clearer and faster.

Secret #6

Focus

Start and remain focused. Don’t deviate from your central theme don’t pursue various goals without allowing one to mature before swinging to another. Staying focused gives you a clearer understanding of your business. It makes you understand why you must succeed and how to succeed. It keeps you going on and helps maximize your resources while pursuing those goals you set for your business.

Secret #7

Constant quest for improvement

Do you like to learn and make improvements as you work? You are following the right path in business if you are always learning and improving yourself and your business processes, products and services. The strong desire to always learn and make necessary improvements in your work and business is a key ingredient many successful small business owners hold on to. So learn as much as you can and apply those lessons to yourself and your small business.

Secret #8

Diligence

Hard work is good but smart work is better. Diligence means being productive and resourceful not necessarily hardworking although hard work is still part of it. Formulating an effective way to manage your time and accomplish your goals will enable you make sense of your business exploits so that you don’t work hard and achieve nothing at the end of the day. Follow the path of diligence and watch how success is not a distant dream to experience any more.

4 comments:

  1. You're absolutely right, Paul! For many successful businessmen, the journey to the top wasn’t easy. Businessmen like Donald Trump, Bill Gates or Yury Mintskovsky overcame many challenges and faced many problems, but eventually they succeeded in their business. great post about the secrets of successful business owners! Keep up the good work, Paul!

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  2. Thanks so much stacie28 for your comment and you are so welcome

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  3. You really revealed all of the secret of business man.well done..

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  4. @paavo,

    all the secrets? Hmm not so sure of that but thanks for the comment

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