January 17, 2007
Keep Your Business Alive
CNNMoney.com has a good list of Six Ways to Keep Your Business Alive. They are:
Go mental. One of the most important elements to starting a successful business is being mentally prepared. Of course, skills, actions and good old-fashioned luck are also important factors, but it all begins with the right frame of mind.
Virtual reality. Although there will be many ups and downs, a light does exist at the end of the tunnel, and it is bright. By visualizing success, your actions will become more confident. And increased confidence breeds success.
It’s all about sacrifice. A big component of the “failure is not an option” mindset is knowing that certain personal or financial sacrifices will need to be made along the way in order to achieve your dream.
Risk is not a four-letter word. Keep in mind that success comes to those who recognize risk, are unafraid of it, and will execute on their ideas. If you are risk-averse, your chances of business survival will probably be slim.
A hungry dog hunts better. When clients or customers are few and far between and money is tight or nonexistent, successful past and future entrepreneurs will always find a way to drum up another sale.
A roadmap will lead you to success. A business plan, which is a written description of what you are going to do and how you are going to do it, is the entrepreneur’s roadmap. It forces you to think about the entire operation and come to terms with the businesses strengths and weaknesses. Entrepreneurs who do their homework increase their chances for business success.
These are all good tips. Every one of them can help keep you going when times get lean. The best time to add make use of these tips is right from the start. As you get your business going you need to get into the right frame of mind.
Filed under: Entrepreneurship - Start-up
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