Secret #1 – Create an image of your final business goal and write it down.
The bottom line here is that if you haven’t got a final destination or goal, it’s hard to plot a course. So take the time to create an image of your business goal and create a plan to get there.
All great athletes and successful business people, visualize their final destination. Take time to visualize and keep your perspective.
Also, like they say, a goal not written is only a wish. For some reason, if we write it, it’s more real and we can stay better focused. Before we decide to revise or adapt our goal, we need to start with something to expand upon if the need arises.
Secret #2 – Know your market and your competition.
You may have a brilliant business idea. But if you don’t spend some time researching your market, which includes researching your competition, then you will most likely have a business doomed for failure.
Your idea may be brilliant, but it may need some important tweeks that you will only realize and resolve when you are doing your research to understand your market.
Secret #3 – Stay focused on one dream at a time.
Sometimes as we get excited about our dream, other business ideas may pop into our head. Write the ideas down in a “To Do” file, and leave them alone until you have COMPLETED your current business effort and it is producing good returns.
Many people get distracted with other opportunities and ideas and never complete one dream, this is very costly and in many instances financially counter productive.
Secret #4 – Remember, no man is an island, you need others to help compliment your business plan.
Networking with others can be very valuable in getting your name out there, but more importantly, you may gain some great insights and strategies to help grow your business faster.
Additionally, hire and develop employees that you can delegate assignments to in areas that you are weak or not as interested in performing. Then you can keep yourself focused on things that are in line with your natural talents. Make efforts to enhance your talents to become even more effective.
Secret #5 – Keep yourself from becoming stagnant by keeping yourself educated
The wise entrepreneur will reduce the amount of time it takes to learn the necessary elements in their business by talking with and gleaning insights from those at the top of their market. Learn from someone with a proven success record and then you don’t have to learn from trial and error. Take courses, read books and be open to new ideas.
Secret #6 – Take one day at a time and don’t allow yourself to be overwhelmed with the magnitude or your goal or challenges.
Although you need to have long-term goals and strategies, your days can only be productive if you focus on one step at a time. Then you can do a great job on that effort and easily progress to the next step (and bring your sanity along with you too.)
Secret #7 – Leverage your time and resources by implementing systems throughout your business.
Why do you think McDonalds®, Dunkin Donuts® and other franchises are so successful? Because they have, over time, developed systems that work.
Make no mistake about it, people who buy a franchise aren’t buying hamburgers or donuts, they’re buying a program that has proven the test of time, they are buying a successful system.
That’s why the most successful franchises cost so much…because if you do what they tell you to do, if you “connect the dots”, if you “paint by their numbers”, your odds of success go up dramatically.
There are obviously more than just 7 “secrets” to business success, but if you follow these you’ll be way ahead of most of your competitors.