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10 Tips For Successful Business

By Yana Berlin

Tired of working for someone else? Starting your own business from scratch isn't easy, but millions of small business owners make it work everyday. Here are some tips that will help you reach their level of success.  

1.Follow your passion. It is impossible to survive the rollercoaster of starting a new business without absolutely loving what you do. Passion for your business will keep you focused, confident, and thorough. Creating a successful small business will take a lot of time, so be dedicated and prepare for the hard work that lies ahead. Don't worry, it will pay off.

2.Take little steps: Don't strive for the penthouse office just yet; people who start their small businesses on the cheap have the luxury of making the inevitable rookie mistakes on a small scale. This is a learning process, so don't expect to be perfect from the get-go.  

3.Get money. Many experts advise starting a new business while continuing at your current job.The idea is simple; save up, and then save more. However, if that isn't a feasible option, refinancing a home or taking a line of credit are both relatively low-cost ways of generating capital. Depending on your credit rating, you can also get time-limited low-interest loans from credit card companies. Research your possibilities to make sure you don't dedicate your whole life savings to this endeavor.  

goals

4. Have a clear plan. A business plan is a must. For most small companies, the key portions of a business plan are the break-even analysis, a profit-and-loss forecast, and a cash flow projection. A good business plan can help you develop a clear vision for your business, outline your earning potential, help you plan for potential pitfalls, and in a lot of cases, help you obtain funding. If you don't have the experience, rely on ready-made business plan templates or examples from the web to get started. Business planning software, such as Palo Alto Business Plan Pro, are able to walk you through each step of the process. For those short on time, web-based writing services such as PlanYourIdea.com also offer affordable, professional business plans already written for you.  Another tip to try out is to study an online MBA to help your business acumen.

5.Develop a network of reliable people. Please don't try to do this alone. Rely on family and friends for emotional and/or financial (if need be) support. Recruit trustworthy employees who share the same passion as you do; a single responsible and dedicated employee is much more valuable than a team of ambivalent volunteers. Likewise, don't be afraid to ask for professional help. If writing or design isn't your forte, then ask people to help you. Nothing says "I don't want your business" like bad grammar or amateur design.  

6.Know the competition. What makes you more unique than other companies already out there? To beat the competition you need to become the competition. Always stay one step ahead and offer something that your competitors are not, whether it is a better price or an improved service.  

7.Be professional. Don't promise what you can't deliver! People are trusting you to give a quality product or service, so don't jeopardize your business by selling short. Bad news or reviews can spread in a heartbeat through word-of-mouth or the internet, therefore be realistic on what you can achieve. Always remember to put yourself in the shoes of your potential client -- what should you expect from your business?  

8.Create an image. A picture can speak a thousand words, so make your logo worth it! First impressions make a huge difference, so project it to your advantage. Your business brand will define your product or service, and in many cases, determine whether or not a client will be inclined to buy from you.  

9.Make people know who you are. Don't be afraid to put yourself out there! Research advertising sources that fit your budget and will be able to market your product to the niche you need. Take advantage of local PR and the internet; both are avenues of affordable brand awareness to create buzz about your company.  

10.Persevere. No one ever said following your dreams was going to be easy. Think positive, and don't let doubt or apprehension interfere with your goals. With time and careful planning, you can build a strong and profitable organization.

Cheers to your success.


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Member Comments

    • 0 votes vote up vote up

      Cindylouwho1966 wrote Apr 5, 2009
    • Thanks for this Yana, you are always so helpful. #4 is a big one on my to-do list.



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    • +1 votes vote up vote up

      Trina wrote Apr 10, 2009
    • Great article Yana!  I would also like to comment that Research and Discovery of your business idea is extremely important.  Many women are so excited about getting their new venture started that they don’t do enough research to discover if the idea has enough profit potential.  

      Trina Newby
      www.WomenAboutBiz.com
      “Take off your shoes of fear, put on your shoes of courage and step beyond your comfort zone!”



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    • 0 votes vote up vote up

      Rmichelle wrote Apr 19, 2009
    • You are so right.  I have been building my business for more than a yr now and got so frustrated about the time it was taking.  I had to step back and realize that research is very important, I do have a plan to launch by the end of the yr and have my heart set on setbacks and obstacles which can happen.  patience is a virtue and with a lot of research it will make my business succeed.  Thank you!



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    • 0 votes vote up vote up

      Lightbringer wrote Apr 24, 2009
    • #6 is my issue.  My competition for lamps and shades in this area is the Wal*Mart mentality.



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    • 0 votes vote up vote up

      Jackie Ladner wrote May 10, 2009
    • Great article, will definitely share it with my team!



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    • 0 votes vote up vote up

      Yana Berlin wrote May 15, 2009
    • Ladies,

      For those of you that are trying to promote your business, explore the option of Premium Membership.  $40 bucks a year buys you a community that you allows you to build your brand and promote your business.

      Click on the “yellow” bar that says “Upgrade To Premium” and enjoy the benefits.



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    • 0 votes vote up vote up

      Dalia Spurgeon wrote May 15, 2009
    • Very good tips for a smart woman getting her business up to a good start.  Love it, Thanks



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    • 0 votes vote up vote up

      Sallyf wrote May 16, 2009
    • CindyLouWho
      For those who need help with a business plan, look to your local SCORE chapter. hey often hold inexpensive classes that will introduce you to your potential BAIL team, financing options, SBA loans and more. They have an online business plan that you can fill in and print. It is important to have your plan in writing and update it as needed... depending on your market or your customer feedback etc. Plus, when you write it down, it means more and gives you a road map with directions to your businesses future.
      Hope this helps!



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    • 0 votes vote up vote up

      Sallyf wrote May 16, 2009
    • lightbringer
      Explore the possibility of selling out of your area. Research boutiques in “shopping cities” that might like to carry your product. I have a friend who makes custom sterling and turquoise jewelry. But you can’t find one of her peices in an Upstate NY shop. She markets all of her jewelry in boutiques across the southwest in places like Taos and Phoenix.
      Good Luck!



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    • 0 votes vote up vote up

      'Chelle Brewer wrote May 26, 2009
    • Thanks, Yana!  I’m attempting to do it on my own because it IS something I love, without question. My issue is I have no family or close friends, so my experience is limited to trial and error.  So far, I’ve spent about 3 years off and on, getting my business going.  It’s a great idea, with unquestionable demand, I just don’t know who to talk to.

      One place I’ve looked, because I live in Utah is utah.gov. and they have a business plan and tons of ideas.  Also, microsoft’s website has a pretty much fill-in-the-blank outline for a business plan.  For me, it’s making everything jive together at the same time... with finances in the opposing corner!

      It’s nice to see other people willing to teach those who listen, short-cuts and no-no’s when everything else seems to be from the heart and soul.



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    • 0 votes vote up vote up

      Chrissyb wrote Jun 24, 2009
    • That is a great article. I am just starting my own business as we speak, and I can really use this advice - thanks! :)



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    • 0 votes vote up vote up

      Queenbee-sweet wrote Nov 6, 2009
    • Great advice and very timely!  I too am just embarking on starting my own biz.  Sad thing is my finances are next to none - who am I kidding, it is none.  My credit score has been perfect all of my adult life until last year when I lost my home.  Now my credit stinks and I am broke too.  But agaist all odds, I keep marching forward toward my dream.  I’ll just have to start small and pray, pary, pray.



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    • 0 votes vote up vote up

      Rubinarubina wrote Nov 12, 2009
    • Thanks Yana. Greatly appreciate the tips. Love your blog. Any tips on how to get profecient at a new pharmacy software quickly. I am a slow learner when it comes to new software. My boss is an independant guy who taught me for 2 days, and expects me to run the show. Help!!! there are not online tutorials for this software to practice at home.



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    • 0 votes vote up vote up

      Rygrmom wrote Nov 19, 2009
    • Thanks Yana, this is great!  I enjoy all your information



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    • 0 votes vote up vote up

      Lilyanadee wrote Feb 7, 2010
    • Hi Yana,
      An Awesome article :)

      I am working/career mom. Feel tired with my working time, but feel dare to start my own business. Your article inspired me too much, hopefully i can start my own business before mid of   this year.  

      My dream, i can work from home, in front of my kids, but still got money :p I learned Online Marketing since last month #tips 1, “follow your passion”

      Thank you so much to sharing this article. Have a lovely Yana.

      Warm regards,
      dee



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    • 0 votes vote up vote up

      Lala63 wrote Mar 2, 2010
    • I am new to this blog, but I think it is just what I need right now in my pursuits.  Your article has great tips and inspiration for women choosing to start their own business.  I look forward to reading future articles and a new association with fabulously40.com!



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    • 0 votes vote up vote up

      Lisa Brown wrote Apr 4, 2010
    • I too want to start my own business, just can’t seem to find the right one. I am not what you would call a go getter and I have tried a few but I end up being my own best customer just to meet the monthly PV.  I want to make money not spend it...LOL.
      Lisa



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    • 0 votes vote up vote up

      Sandicw wrote May 13, 2010
    • Great Article.....I have had great success in joining two of my business together! As a Realtor, I love to give my clients nice house warming and thank you gifts. After starting my home decor business (Entertaining at Home....soon to be Willow House), I can now get discounts on my real estate client gifts while earning income from Entertaining at Home....both are tax right off too! This is my way of getting the most out of the two business and a great source of dual income.  

      Thanks,
      Sandi



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    • 0 votes vote up vote up

      Sharon Dove Chocolatier wrote Nov 11, 2010
    • I try to embrace  some thing similar to that into my new recruits when they sign up with me as a Chocolatier.

       I also reward people with Chocolate when they send me a new recruit or who has a friend who books a party with me.

      Sharon
      Independent Chocolatier/manager
      [Link Removed]


      Sc100001129916877, Your links have been removed, please consider upgrading to premium membership.



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    • 0 votes vote up vote up

      Lutonya wrote Mar 21, 2011
    • all of this information is really great, I am starting a new business and I just left a company and the business is a direct marketing business and the products are health and wellness products, they are really going, but I believe with some more knowledge I can do a lot better.

      The information on this site has given me some great information about research and just putting a great plan together.



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    • 0 votes vote up vote up

      Lutonya wrote Mar 21, 2011
    • I love trina’s comment about take off your shoes, that is a great comment especially for someone such as myself, I am a little hesitant to step out of the box,I let some great oppertunities pass me by because of fear. thank you



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    • 0 votes vote up vote up

      Susan Rawlings wrote Apr 10, 2011
    • Loved this post.  As a small business owner this gave me so much to think about!



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    • 0 votes vote up vote up

      Sheila Stovall wrote Oct 30, 2011
    • Hello Ladies!  I’m started a new venture in my life and bsolutely loving it.I’m so excited and wanted to share...
      I am a DOVE chocolatier consultant. I would love to have you to view my website. DOVE has wonderful chocolate products, great for indulging yourself or great gift items. Please contact me with any questions. I am also currently recruiting for Dove Chocolatier positions. It can be a fun and easy way to make extra money, your choice to work part-time or full-time.
      [Link Removed]
      Feel free to just browse my website and purchase wonderful chocolate!
      Chocolatedreams37@yahoo.com
      Sheila Stovall


      Ss1154629040, Your links have been removed, please consider upgrading to premium membership.



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