of The Successful Entrepreneur
Chuck And Sue DeFiore
has changed significantly in recent years as
a result of computers and the Internet - including
web pages, e-mail and everything else associated
with the worldwide web. Telephone communication
has also changed the way we do business, with
the advent of cell phones and voice mail. However,
even with all these technological advancements,
the traits that make a person succeed in business
can be traced back to our grandparents' days.
So before you decide to launch your own business,
first evaluate whether or not you have the traits
of an entrepreneur.
Most successful people continually set goals.
Many started at an early age; for example,
they may have set a goal to excel in certain
sport, or in a specific subject in school.
If they wanted to buy something, and knew
that their parents couldn't afford it, or
wouldn't spend the money, they earned the
money themselves. They may have set up lemonade
stands, mowed lawns for neighbors, or delivered
they became older, they developed other goals
and worked to achieve them. They always have
a vision for their future and never lose sight
of it. As time goes on, they continue revising
and setting new goals.
you want to succeed in business, get in the
habit of setting goals.
Your Strengths and Weaknesses
Another trait of successful entrepreneurs is
they know their strengths and weaknesses.
Rather than letting their egos get in the
way, they admit when they need to learn new
skills or take other steps to improve themselves
or their business. This is especially crucial
in light of rapid changes in technology.
must realize that learning is a life-long process,
and continually strive to improve your skills
Successful entrepreneurs are always looking
for opportunities. Whether they are already
in business or just getting started, they have
an attitude that expects opportunities, and
they invest the time necessary to find the opportunities
that will work for them. Even those already
running a successful business remain open to
advantage of opportunities does not mean acting
impulsively. It is important to evaluate each
opportunity with questions such as: 1) Is this
really as good as it sounds? 2) Is this something
I really want to be doing? 3). Do I have the
required skills, or can I develop them? 4) Will
this help me to reach the financial goals I
have set for myself? 4) What impact will this
have on my family?
Your Business/ Know Your Competition
You must know your business inside out to succeed.
That includes learning everything you can about
your competition, and understanding how your
own business measures up against competitors.
It also includes knowing exactly where your
business stands in the context of the financial
goals you have established.
Manage Budgets and Finances
Successful people know how to effectively manage
budgets and finances. They know how much they
have borrowed, the interest rates they are paying,
and anything else that can affect their business.
They always save for a rainy day. Understanding
the principle that they must spend money to
make money, they postpone personal expenditures
such as a new house, car or vacation, until
they can afford it.
Settle for Second Best
Another trait of top entrepreneurs is they never
settle for second best. Striving for excellence,
they set standards for themselves as well as
their products and services. If they work with
an outside company and that company sends them
a sub-standard product, they return it. They
look for the best products and workmanship in
the price category they have established.
they realize they haven't done a good job or
haven't done it right, they will do it again
or take other actions to ensure the customer
is satisfied. For this reason, their customers
remain loyal. Remember, repeat business is one
of they keys to long-term success. If you don't
make a good impression the first time, you are
not likely to get a second chance.
The successful entrepreneur has fun in their
occupation. While they might not enjoy every
aspect of their business, overall they enjoy
their work. One reason for that enjoyment is
the sense of satisfaction in knowing that the
business is theirs, and that they are building
for the future.
Successful people willingly work long hours
because they know it is necessary to move the
business forward. This is especially true in
the first few years after launching a new business.
An owner wears many hats: selling, bookkeeping,
handling customers, setting up appointments,
meeting deadlines, and so forth.
Help When Necessary
Another trait of top business people is they
know when to get help. Realizing they are not
experts in everything, they will contact other
professionals when warranted. They also realize
when the times comes that they can longer do
it all, and they delegate responsibility to
an outside source, independent contractor, or
hire an employee.
2003 DeFiore Enterprises
Interested in having your own successful, home
based creative real estate investing business?
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years, and we can help you too! To see how,
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