Monday, June 27, 2011

BECOMING A SUCCESSFUL ENTERPRENEUR

"When you reach an obstacle, turn it into an opportunity. You have the choice. You can overcome and be a winner, or you can allow it to overcome you and be a loser. The choice is yours and yours alone. Refuse to throw in the towel. Go that extra mile that failures refuse to travel. It is far better to be exhausted from success than to be rested from failure." ~ Mary Kay Ash, founder of Mary Kay Cosmetics.

Ten Steps to Becoming a Successful Entrepreneur
By David L Allred
Free Enterprise: Either you are into it yourself or you are working for someone who is.Running a successful business can be very difficult without the right tools. I have made a list of the ten most important steps that have helped me along the way.
1. Your Why is the fuel behind your drive. This is what will drive you to success and must be strong. This is the Reason you want success. Why do you want to be rich? Why do you want success? Get clear on that and visualize the outcome every day.
2. Your Belief system is vital to achieving any level of success. Do you believe in yourself and your abilities? Do you believe in the products that you offer and also your own business? Your beliefs must be tied directly to your "Why" to the point that you have the Will-power to do whatever it takes to obtain your goals.
3. Having a Solid Business Model or a good business plan as the vehicle as well as short term, mid term and long term Goals that are obtainable but that will also stretch you.
4. You must create a Board of Directors for yourself. It refers to this in Napoleon Hills "Think and Grow Rich." Your board of directors can be people in your immediate circle of friends or individuals that don't even exist. These are people who know more than you do in different areas of business or personal success. People who you can confide in and ask advice from. This is called Masterminding. Henry Ford, the founder of the great Ford Automobile Company, didn't know everything there is to know about the industry. But you see, he didn't have to. He surrounded himself with those who did.
If you want to become successful then you must surround yourself with successful people. Avoid negative people and focus on those who are positive in thinking.
5. Be in the Service of others. You must also realize, when you help others to get what they want....you will get what you want. This doesn't mean that you will have to bow down and give your entire life away to serving others at no charge. Most businesses are based on a service.
6. Personal Development. Always be learning and improving. Always be a student in the school of life and business. Self improvement and knowledge are what creates energy in your countenance. Have you ever been into the home of someone you considered as very successful? Did they have a library or large collection of books or information? Most likely they did.
7. Persistence is the key to getting the results you are looking for. Have you ever heard of the term, "Burn your boats," or "Don't leave yourself a back door?" Basically, don't have the option of failure in your mind. If you give yourself a way out, then you are sure to take it. If your "Why" is strong then you will persist until you succeed.
8. Do the thing. Set aside a specified amount of time for Money Making Activities every day. This is how the money is made. Establish a DMO, daily method of operation, that includes income producing activities that will not be interrupted.
9. In every business you must have a strong Marketing/advertising campaign. Get your name out there.
10. If you plan to win big and be a successful entrepreneur, you must also Play Big. If you play small, you will win small. I see so many small businesses who try to rent an older building, start out small and then go out of business. If you are looking for all out massive results, play big and play to win.

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