SUCCESS Magazine | Why You Should Start Your Own Business Today

SUCCESS Magazine | What Achievers Read
Why You Should Start Your Own Business Today |  http://ping.fm/NlDeT

The Two Ds Share Business Success Secret

SUCCESS Blog post| Darren and Donald

The fundamental mindset of business ownership is action-oriented. You must take charge, be a leader, take the initiative to inspire others to accomplish your business critical mission. 


According to  Darren Hardy's recent  SUCCESS Blog post  about  his interview with Donald Trump -  the difference between you, me and The Donald is the daily discipline of practicing  6 simple principles of business success..

Six Simple Business Success Secrets

1. Love what you do 
2. Work hard.
3. Don’t listen to other people’s opinion of you.
4. Keep working hard even when you don’t want to.
5. Love and care for your people.
6. Never, never, never ever give up.

The Dynamic Duo - Darren and The Donald - convey a message of success that is attainable. The ethics of work and persistence are the foundation.  You can be an ordinary person who achieves extraordinary  results - purely because you took strategic and clear action -  "relentlessly, passionately and consistently".

But learning how to gain a real competitive advantage will take a bit more wrestling to reveal those business secrets.  A world-class business owner must gain progressive expertise and advancing levels of  knowledge, power, and wisdom. To wrestle with the best in your niche,  you must learn how to work  smart, diversify your revenue streams, become a thought leader, form joint venture partnerships with experts, provide great products/services locally, and artfully  negotiate while making deals globally. To acquire those skill sets requires coaching and active mentoring to master.

Might  the Dynamic Duo consider conducting more wrestling matches to reveal more advanced secrets ?  It might be interesting to see them collaborate on a book addressing these advanced topics and mentoring the next wave of world-class entrepreneurs.

Are you growing a local small business and participating in the next emerging wave of entrepreneurs?  Are you looking for resources and books to support your development of business knowledge, mindset, and wisdom?  What questions do you have about applying the six business success secrets and growing a global business mindset?

Got A Great Business Idea? The Five Important Rules For Starting A Business

What's Your Big  Idea?

Starting a business, even a small, home-based business should follow five key business principles or rules, if it is to succeed.   The Small Business Administration  (SBA) suggests five business start-up rules. These rules apply to all business ventures, regardless of size.

• Find a need and fill it – you can’t succeed in business without solving a problem or filling a need that someone is willing to pay for.  What's your niche market and your customer profile?
• Develop a business plan.  This is a critical step required to get funding for your business. What's your business model, how will you reach potential customers?
• Understand the numbers – you need to understand the financial costs and be able to interpret the financial performance of your business.  Most importantly, you need to be able to generate a profit. What are your start-up costs; number of unit sales to break-even; how will you manage cash flow?
• Provide an irresistible offer and  incredible customer service. Happy buyers are your best form of advertising. How will you nurture leads, convert leads to buyers, and retain customers?
• Learn from others and keep learning as you grow your skill set and mindset as a business owner. You can't start and sustain a business alone. Establish a circle of advisers and form a Success Team early in planning your business.

The SBA website provides online training for new entrepreneurs. Go look around, there is a lot of  free information about getting started, getting funded, getting business advice from seasoned business owners. The website includes  a series of informational podcasts of presentations on a variety of business topics.

In the online training module called  Need a Job? Consider Starting a Home-based  Business, the presentation reviews each of these 5 important rules.   Register  today to determine if you have the characteristics of an entrepreneur and assess how ready you are to take action toward starting a business.

During the online training you will have access to readiness assessment tools and templates to help you document  each step of your business planning. Templates include: Business Plan, Start-up Costs Sheet, Balance Sheet, Income Statement, Cash Flow Statement, and a comparison of types of legal structures for business ownership.

When you have completed the initial assessment and business plan, form a support team and discuss you plans with your success team of business mentors, coaches, and advisers.  Use the guidance you receive to improve your plan, test concepts, form your business structure, raise capital, and build strategic business alliances.  

The economic global recovery will occur by nurturing entrepreneurial business development. One in five new businesses begin as a home-based business.  By investing, building and growing the  best ideas for small businesses, we all benefit from new products and services that fulfill a need and provide new sources of revenue to power the economic engine.  

The SBA website lists several pages on business planning, finding opportunities and contact information for technical assistance, Community Express Loan applications, and bidding on government contracts  in your state or region.  

You may be a diamond in the rough, but get out there and start networking.  Let the business community know of your new business idea. I encourage you new entrepreneurs to work with mentors to refine your idea until you have a viable, profitable business model. 

Got a great idea?  What's stopping you from starting today? Read Weekend Entrepreneur   written by Michelle Anton. She describes the start-up stories of 101 successful home business entrepreneurs. 

Weekend Entrepreneur: 101 Great Ways to Earn Extra Cash