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15 Ways to Succeed in Business

15 Ways to Succeed in Business

Wendy Piersall

Did you know that forty percent—40 percent—of young people want to be their own boss someday? That’s a lot of aspiring entrepreneurs. Millions, in fact.

Truth is, only a fraction of those people ever really start a business. Some get comfortable in a lifestyle that they can’t afford to give up. Others realize just how hard it is to be an entrepreneur and never try. Sometimes life just happens and makes entrepreneurship unattainable.

Of the few that actually try to start a business, many fail. The ones that succeed, though, have a few things in common.

You may not need to have all fifteen of these abilities to succeed in business. But be willing to learn them or hire someone who can cover your butt if you want to get out of the rat race and be your own boss someday.

1. Be a Salesperson

Never underestimate how important it is to be able to sell. It’s at the top of the list on purpose. Even if you never have to sell to clients (unlikely), you will have to sell your ideas to investors, sell your company vision to prospective employees, and sell consumers or customers on your brand. Selling is absolutely critical to your success, so if you have an aversion to it, you’d better get over that fast.

2. Delay Gratification

No business is successful on day one. Almost no businesses are successful after year one. If you think entrepreneurship is the ticket to instant riches, you need a reality check. Not only will you have to work hard for a long-term goal, you will probably have to work hard in the face of what seems like certain failure at times.

3. Discipline

Discipline isn’t just about working hard, but you do have to do that. Discipline is also about managing your entrepreneurial tendencies. Many natural born entrepreneurs are blessed with a mind that is an idea-generating machine. The good news is that some of those ideas are gold mines. The bad news is that if you continually pursue new ideas, old ideas never get developed to fruition. And I’ve watched one multimillionaire in particular run his business into bankruptcy because every week he was working on something new.

4. Take Risks

Just leaving the rat race is a huge risk in an of itself. No wonder so few people do it. And if you have a spouse or significant other, realize that they are risking with you—whether they like it or not. Everyone has a need for some level of certainty, so if you can’t find it in your business, plan on finding it elsewhere—maybe for several years at a time.

5. Build Rapport

Note that this is not called “Making Friends”—important, yes, but not the same thing. Building rapport means building respect, a reputation, and hopefully key alliances along the way. Donald Trump doesn’t seem to be the kind of guy you’d call your BFF. But he does have the ability to get people to listen and trust him. You will need to build relationships as an entrepreneur, no business is an island.

Next Page: 5 More Tips!


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  • Photo_user_blank_big

    Eden04

    over 1 year ago

    2 comments

    I'm actually doing a thesis paper right now on this subject, and the things mentioned are correct and to the point. Their right if you want to succeed, these are good to follow for a business.

  • Photo_user_blank_big

    jasminespero

    about 2 years ago

    4 comments

    You have shared a great informative post. Your tips are really helpful in successful business for sale Ireland. Before hand planning and implementation is necessary while profitable business sale. Thanks for sharing your post.

  • Photo_user_blank_big

    jsmith2149

    over 2 years ago

    2 comments

    Another great place to get business loans is http://shieldfunding.com

  • Greceaaaa2_max50

    grace2U

    over 2 years ago

    786 comments

    Hello
    Nice meeting you here, how are you today i will want us to be friends contact me here with my e-mail address (gracewill32@yahoo.com ) because i have a special reason why have contacted you so that i can send you my photos and also tell you more about myself here is my e-mail address( gracewill32@yahoo.com ) you can also drop me your email mail address i am waiting to get a reply from you remember that co-lour, language or age and distance does not matter but understand matters
    Yours New Friend
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  • Photo_user_blank_big

    cristiemandal

    about 4 years ago

    4 comments

    I think the article should be named "How to succeed in business" because these are tips that form a guide for everyone that wish to succeed. These tips form a circle that is meant to be respected. It is not something one should pick from the list.
    Business Loans

  • Iyabo_headshot_100_max50

    CoachIyabo

    about 5 years ago

    8 comments

    Boy, these are some seriously great tips. I love the part about understanding numbers. This is so true. I have been in business for about 16 years for myself and I also, hate looking at the numbers but I have learned the hard way.

    Thanks for this great post.

  • Photo_user_blank_big

    Account Removed

    about 5 years ago

    What a great article! I have tried to come up with a list before to share with my team but this is absolutely perfect. Thank you!

  • Photo_user_blank_big

    HajerJemaljobir

    over 5 years ago

    12 comments

    very helpful and informative .

    Thanks

  • N-c_arbonne_photo-web_max50

    calltodoody

    over 5 years ago

    14 comments

    Great article! Being an entrepreneur and walking the road less traveled (poop scooping, for instance!) does take courage, persistence and not caring what others think (well, not too much anyway). If you have a dream or vision, you owe it to yourself to go for it. Life is not about doing what is safe. It should be about reaching your full potential, reaching for your dreams, and stretching sometimes far out of your comfort zone.... but what a feeling when you get there! And don't forget, it's not how quickly you get "there", it's the journey. Have fun, stay focused, work hard - inevitable if you want to succeed, and during the difficult times, remind yourself why you wanted to be your own boss in the first place. Sometimes you realize it's not all you thought it would be (and that’s OK, you can always reevaluate), but most of the time it makes you realize you're exactly where you want to be, doing exactly what you want to do.

  • 215_max50

    Jkaria

    over 5 years ago

    52 comments

    Great insights especially during this diffcult time of the credit crunch hitting most businesses. I like the advice of holding on and face the fear head on. Good luck to all, we need it. Thank you!

  • Photo_user_blank_big

    Milla

    over 5 years ago

    16 comments

    Great advice. The trick is follwoing it.

  • Photo_user_blank_big

    cartertracey

    over 5 years ago

    2 comments

    Hello, i have a number of things i would like to do but not sure of what be succesful,like what would bring the most income

  • Book_max50

    reneelkw

    over 5 years ago

    68 comments

    Lots of good advice but you underplayed the financial portion and the importance of CASH FLOW to a small business. Many many new businesses go under because people did not realize that it often takes 30-90 days to get paid. If you are going to be spending money during this time, you can run short, even if you would show great sales and a profit overall. Make sure you have enough cash to buffer you, even if it means a startup loan (and it's always better to ask for more than you think you need than to go back twice). Know your cash and get financial help. Watching the financials is not fun and is not easy but unless someone else is supporting you or you have another source of income, it is CRITICAL

  • Me_max50

    VanessaAWilliams

    over 5 years ago

    342 comments

    Very insightful!

    Vanessa

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