Many businesses lose money yearly because they don't think creatively about the future.† They run their businesses doing what they think they should: dealing with customers, dealing with problems, ordering for their business, and paying their expenses. They act like their business is a job. They are surviving and that's it. They are not looking at the big picture. They need to use their business as a stepping stone to success. Picturing themselves as a successful business person, and setting up a plan to succeed.
Many of the businesses today are started by people who have been downsized or laid off. They are used to showing up for a job and getting paid, and this is how they are operating their business.
The first thing you must do is to find out what you are really good at. Many people want to know, "How can I make more money?" Unfortunately too many business people never ask themselves, "What am I good at?" They need to do so, and then ask it again every time they want to do something new. This is one of the biggest reasons businesses fail. The owners did not focus on what they were good at and did best. This does not mean you can't try something different. What it does mean that it is best to go with the skills and experience you already have.
The second thing you need to do is take an objective look at yourself. Take a piece of paper and write down what you can and can't do. Picture yourself hiring you. Would you hire yourself?† Would you be impressed? What do you know best? What are your hobbies? Can you turn that hobby into a business? Remember you work best at something you enjoy.
I was an exceptional secretary, so I started a word processing business. I loved typing and taking dictation by telephone, writing up letters, proposals and setting up identity packages. However, I hated having to drive around town to pick up and deliver projects, and cold calling for business. So after losing money, I shut down the business. A couple of years later I started another business where I was the assistant to businesses, but worked from my home. I got to do all the secretarial aspects, but out of a home office. All I had to do was send flyers and mailers to independent contractors. I also worked with answering services for referrals and gave them business, plus a cut of my fee.
What this means is you need to discover what your likes and dislikes are. People like to work at things they do well. They enjoy themselves more. A test for you is to think back over the last couple of days. Then make a list of the things you enjoyed doing. Think about when you were the happiest and what you were doing.
The third thing you need to think about and be able to recognize is: What your competitive edge is.† After you do the above test and find out what your strengths are, you will find that some of these strengths give you an advantage over your competition. Do your particular strengths and abilities help you provide exceptional customer service? Can you do something or produce something that others can't?
If you already have an edge over others,† put it to use. Make your customers aware of your unique qualities. The way to accomplish this is to be sure any advertising or promotional campaign you employ highlights your unique selling points.
The fourth thing you need to do is to plan ahead. While your business concept or product might be unique now, as we know people love to copy what is successful. So you need to plan for the long run. You need to be aware of what your competition is doing and keep your customers coming back.
The fifth thing is that just because there are things you don't like about your business, doesn't mean you give up. Yes, there are going to be certain things you like better than others. Every business person feels this way. However, if you don't like anything about what you are doing, then you might want to start a new business. Be sure before you do so, you give yourself the above test.
The sixth thing is sometimes you just need to make some changes in your business. See if there are certain things you can cut out of your business, a product or service, which you might not enjoy and it is not a profit center for you. Then drop it, and concentrate on those things that are generating a profit.
Maybe you need to make changes to make your job easier, such as buying new software, or a new computer system. Maybe hiring someone on a part time basis could take some of the workload off your shoulders, and allow you to concentrate on other business matters.
And last but not least is to be sure you take what you've learned about yourself, and set up a plan for your business for the future. Don't forget to write down what you're good at and ways that you can apply your skills to making money. You can take this information about your skills and put it in your promotional materials. Be sure you always have a notebook (or a voice recorder) with you to joint down notes to yourself, new business ideas to try. You want to be sure when you do write these things down that you also put a date next to them to implement that idea or strategy. This will give you goals to work for. Be sure to put these goals in a prominent place in your office. I put my goals on index cards and then put the index cards on my desk, on my calendar, and on my bulletin board. By having your goals visible to you, it will help you to stay on track. And, that is what it is all about - keeping your business growing and prospering.
Copyright 2003 DeFiore Enterprises
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit www.homebusinesssolutions.com/">http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
Mitch McConnell unveils resolution to move trial forward with unanticipated speed, consigning key proceedings to late-night hours
As Donald Trump prepared on Tuesday to address the billionaires in Davos, the US Senate prepared to hear opening arguments in an impeachment trial that could remove Trump from the presidency, if not from his seemingly unassailable perch in the public eye.
For only the third time in history, prosecutors sent by the House of Representatives will rise on the Senate floor to charge the president with ‚Äúhigh crimes and misdemeanors‚ÄĚ and declare that he must be turned out of the White House.
Melbourne University academic rebuffed bid to recruit her in exchange for her release, letters reveal
Iran tried to recruit the British-Australian academic Kylie Moore-Gilbert as a spy for Tehran in exchange for her release, but the overture was furiously rebuffed, letters smuggled out of Evin prison reveal.
Moore-Gilbert, a Cambridge-educated academic specialising in Middle East politics, is currently being held in Ward 2A, an isolated Revolutionary Guard-run wing of Tehran‚Äôs notorious Evin prison, serving a 10-year sentence for espionage, a charge she, and the Australian government, rejects as entirely false.
Memories of 2003‚Äôs Sars outbreak cause jitters on financial markets, with Hong Kong worst hit, as death toll rises to four
Shares have fallen across Asia Pacific amid mounting concerns about a new strain of coronavirus in China that has left at least four people dead and spread to four countries.
With the economic damage done by the devastating 2003 Sars virus still fresh in the mind of many traders, stocks were sold heavily on Tuesday and expectations grew that the markets were in for more falls in the days ahead.
Salvador G√≥mez-Col√≥n, who organized Light and Hope for Puerto Rico after Hurricane Maria, chides the media for paying too much attention to inconsequential stories, rather than issues that really matter.
If you have an idea, or a solution, or a way you can help us, just do it.
Q: So how do you all deal with the haters?
Autumn Peltier says she and her mother get a lot of negative comments -- and they ignore it.
With today‚Äôs emissions levels, the remaining budget is gone in less than eight years.
These aren‚Äôt anyone‚Äôs views, this is the science.
I‚Äôve been repeating these numbers at nearly every speech I‚Äôve given for the last 18 months.
Family of 15-year-old Nora Anne Quoirin have asked authorities to conduct inquest
The parents of an Irish girl who was found dead after going missing from a Malaysian nature resort last year have sued the resort owner for alleged negligence and asked the authorities in Kuala Lumpur to conduct an inquest.
Nora Anne Quoirin, 15, who had learning difficulties, disappeared in early August from a rainforest resort in Seremban, about 44 miles (70km) south of the Malaysian capital, a day after her family arrived on holiday.
Extradition hearing begins in Canada as defence team rejects allegations that executive tried to get around Iran sanctions
The accusations of sanctions busting against Huawei executive Meng Wanzhou have been dismissed by her lawyers as ‚Äúfiction‚ÄĚ at the start of a legal hearing in Canada in which she is fighting extradition to the United States.
Meng Wanzhou, the chief financial officer of the technology conglomerate, and eldest daughter of its founder Ren Zhengfei, is wanted by US authorities for alleged fraud in trying to circumvent Washington‚Äôs sanctions against Iran.
The Angolan government has vowed to use ‚Äúall possible means‚ÄĚ to force the return of Isabel dos Santos following the Luanda Leaks investigation into how the ex-president‚Äôs daughter accrued her $2bn fortune.
Officials piece together profile of Amir Mohammed Abdul Rahman al-Mawli al-Salbi
The new leader of Islamic State has been confirmed as Amir Mohammed Abdul Rahman al-Mawli al-Salbi, according to officials from two intelligence services. He is one of the terror group‚Äôs founding members and has led the enslavement of Iraq‚Äôs Yazidi minority and has overseen operations around the globe.
The Guardian has learned that Salbi was named leader hours after the death of Abu Bakr al-Baghdadi in October. The name that the group gave for Baghdadi‚Äôs replacement at the time, Abu Ibrahim al-Hashimi al-Quraishi, was a nom de guerre not recognised by other senior leaders or intelligence agencies.
Josep Llu√≠s Trapero faces up to 11 years in prison over alleged role in failed bid for independence
A former Catalan police chief has denied being close to the deposed regional president who led the failed bid for independence from Spain two years ago, as he appeared in court accused of rebellion over his alleged role in the push for secession.
Josep Llu√≠s Trapero, who served as the chief of the Mossos d‚ÄôEsquadra until he was sacked by the central government in October 2017, faces up to 11 years in prison if convicted of colluding with the regional government of Carles Puigdemont.
Meng ‚Äď a former vice-minister of public security ‚Äď is among a growing group of Communist party cadres caught in President Xi Jinping‚Äôs anti-corruption campaign, which critics say has also served as a way to remove the leader‚Äôs political enemies.
Men in New Zealand and Spain calculated longitude and latitude to perfectly align both slices
An Auckland university student has created an ‚Äúearth sandwich‚ÄĚ with a stranger in Spain, after a long search for an accomplice.
Etienne Naude, 19, placed a slice of white bread on the ground at Bucklands Beach in Auckland, using longitude and latitude to ensure he was precisely opposite a volunteer he had found in the south of Spain after posting for help on Reddit.
The Senakw development aims to ease the city‚Äôs chronic housing crisis ‚Äď and to challenge the mindset that indigeneity and urbanity are incompatible
The scrubby, vacant patch beneath the Burrard Street Bridge in Vancouver looks at first glance like a typical example of the type of derelict nook common to all cities: 11.7 acres of former railway lands, over which tens of thousands of people drive every day.
This is not any old swath of underused space, however. It‚Äôs one of Canada‚Äôs smallest First Nations reserves, where dozens of Squamish families once lived. The village was destroyed by provincial authorities more than a century ago.
Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market
The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is ‚ÄúDelivering smiles‚ÄĚ. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.
Built on nine acres in this Indian city‚Äôs financial district, it is Amazon‚Äôs single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.
Minibuses that run on Friday evenings and Saturdays buck state‚Äôs religious restrictions
Tel Aviv is one of Israel‚Äôs most dynamic cities, but the latest local craze could appear fairly humdrum to outsiders ‚Äď a bus service that runs at weekends.
Packed 19-seat minibuses fill up fast with passengers, who excitedly gossip about the new routes. People patiently queue at bus stops, knowing they might have to wait for two or three buses to pass before there is a space. Still, they are upbeat. ‚ÄúIt‚Äôs a pleasure,‚ÄĚ said Ben Uzan, a 30-year-old electronic engineer. ‚ÄúIt‚Äôs a blessed initiative.‚ÄĚ
The Garbage Cafe in Ambikapur, India, is helping to tackle the country‚Äôs plastic waste problem ‚Äď and their novel idea is catching on
On bad days, when his employer made some excuse for not paying him his paltry daily wage, Ram Yadav‚Äôs main meal used to be dry chapatis, with salt and raw onion for flavour. Sometimes he just went hungry. For a ragpicker like him, one of the thousands of Indians who make a living bringing in plastic waste for recycling, eating in a cafe or restaurant was the stuff of fairytales.
But last week, Yadav was sitting at a table at the Garbage Cafe in Ambikapur, in the state of Chhattisgarh, over a piping hot meal of dal, aloo gobi, poppadoms and rice. He earned the food in exchange for bringing in 1kg of plastic waste. ‚ÄúThe hot meal I get here lasts me all day. And it feels good to sit at a table like everyone else,‚ÄĚ he said.
Housewives, grandmothers and students in Delhi at centre of resistance to new citizenship laws
With a toothless grin and a clenched fist raised to the heavens, 90-year-old Asma Khatun chanted exuberantly. ‚ÄúAzadi,‚ÄĚ she cried, using the Hindi word for freedom and joining a loud chorus that rang out across Shaheen Bagh, a neighbourhood in South Delhi that over the past few weeks has become a nationwide symbol of resistance.
In her nine decades, Khatun has lived through British colonial rule, the war of independence and India‚Äôs bloody partition with Pakistan, but as a housewife she had always stayed behind closed doors and barely brushed with politics. That was until last month.
The 16-year-old, from Eritrea, had been in the facility for more than a year and died of an unknown illness and lack of medical care
A 16-year-old is the latest person to die in a network of Libyan detention centres where refugees and migrants are locked up indefinitely after they are returned to the war-torn north African country by the EU-funded coastguard.
Fellow detainees in Sabaa detention centre, Tripoli, named the boy as Adal Debretsion, an Eritrean who had reportedly been locked up for more than a year. They said the teenager died on 12 January of an unknown illness and a lack of medical care.
Magistrate dismisses police contention Prof Dianne Jolley is a threat to public safety, after she spends two weeks in jail
Police have been accused of acting in ‚Äúsecret‚ÄĚ to obtain key documents in the case of a Sydney professor‚Äôs alleged fake harassment campaign.
Prof Dianne Jolley, the dean of science at the University of Technology Sydney, was arrested in November for allegedly sending fake threats to herself after the university planned to cancel a Chinese medicine course.
Far from promising an economic miracle, the UK has missed the boat on a continent on the brink of a painful debt crisis
Tony Blair‚Äôs cheerleading for the UK-Africa investment summit is of a piece with much of the former prime minister‚Äôs recent career. Trading in grand-sounding ideas, often very short on detail, he brings the pitch of an evangelist crossed with a lobbyist to the world‚Äôs biggest problems.
Decreased flows caused by water-hungry neighbours, especially India, are damaging river communities
‚ÄĘ All photographs by Kaamil Ahmed
Holding his downturned palm level with his waist, Musana Robi Das indicates how tall he was when he started working on Bangladesh‚Äôs rivers.
As a child he helped his father ferry villagers across local waterways. Now a tall and spindly 50-year-old, he has had to abandon that life as a boatman. The waters now sit so low that his services are unnecessary. So the past decade has instead been spent repairing shoes inside a dimly lit wooden booth in the village market.
Startling scale of inequality laid bare as Oxfam report highlights chronically undervalued nature of care work
The world‚Äôs 22 richest men have more combined wealth than all 325 million women in Africa, according to a study.
Women and girls across the globe contribute an estimated ¬£8.28tn ($10.8tn) to the global economy with a total of 12.5bn hours a day of unpaid care work, a figure more than three times the worth of the global tech industry, claims an Oxfam report published on Monday ahead of the World Economic Forum in Davos.
Economic growth in African countries has triggered a global race for influence. Britain cannot afford to be left behind
Africa is the coming continent. Its population is predicted to double to 2 billion people over the next three decades. That growth will mean enormous opportunities for business and investment, but will also create huge challenges around sustainability and the environment.
An Africa focus is therefore essential, particularly for a post-Brexit Britain.
Stella Nyanzi, imprisoned in Uganda after writing poem about president‚Äôs mother‚Äôs vagina, lambasts regime‚Äôs ‚Äėfear of writers‚Äô
The Ugandan academic, writer and feminist activist Dr Stella Nyanzi, imprisoned for criticising the country‚Äôs president, has been awarded the Oxfam Novib/PEN International award for freedom of expression.
Nyanzi has been in Luzira women‚Äôs prison in Kampala, the capital, for nearly 15 months after writing a poem about President Yoweri Museveni‚Äôs mother‚Äôs vagina. The poem uses the metaphor of her vagina and Museveni‚Äôs birth to criticise his near 35-year rule.
While a conviction is unlikely, some Republican senators such as Mitt Romney, Lisa Murkowski and Susan Collins could break ranks over trial procedure while two Democrats could back the president
The Senate majority leader, Mitch McConnell, has pledged ‚Äútotal coordination‚ÄĚ with the White House in the impeachment trial of Donald Trump. But the 47-member Democratic caucus in the Senate could take control of key parts of the process, enabling them to call witnesses or merely to prevent a quick dismissal of the case, by recruiting four Republicans to make a 51-seat majority.
A two-thirds majority of 67 senators would be needed to convict and remove Trump from office, a seemingly unreachable number for Democrats.
Isabel dos Santos, the billionaire daughter of the former president of Angola, claims to be a self-made businesswoman, but a cache of documents investigated by the Guardian and partners appears to tell a different story.
The Luanda Leaks are a trove of 715,000 emails, charts, contracts, audits, and accounts that help explain how Dos Santos built a business empire worth an estimated $2bn.
China‚Äôs push for more births fails to convince a generation of only-children
China‚Äôs government has been trying to manage a public U-turn on one of its biggest, longest running and most powerful policy and propaganda campaigns for several years now, urging a generation of only-children ‚Äď born under its one-child policy ‚Äď that they should have more babies themselves.
Golfball-size hailstones have hit Canberra as severe thunderstorms move through parts of south-eastern Australia. The hail struck parts of Canberra including Parliament House while roofs, windows and cars were damaged across the city. The wild weather follows weeks where the Australian capital has been enveloped in smoke from nearby bushfires
Children‚Äôs charity Plan International UK and photographer Joyce Nicholls travelled across the UK talking to young women about the issues important to them in 2020: public safety, body image, social media and feminism. Their research found that girls are fed up and frustrated with the lack of real progress on gender equality.
A massive winter blizzard that buried Newfoundland in snow and cut power to thousands of homes has prompted the government in the Canadian province's capital, St John's, to declare a state of emergency.
Fireworks were let off as protesters clashed with the security force in Lebanon's capital on Saturday 18 January.
Officers used water cannon and fired teargas at demonstrators who were protesting the economic crisis the country has faced in decades after politicians failed to agree on a new cabinet following prime minister Saad al-Hariri's resignation in October
Ayatollah Ali Khamenei says Iran's missile strikes on US targets in Iraq earlier this month show it has divine support in delivering a 'slap on the face' to a 'bullying' world power. Addressing Friday prayers, Khamenei added that the killing of general Qassem Suleimani showed the US's 'terrorist nature'
RELATED ARTICLES#1 Key To Select Right Business Partner
Having business partner or planning to start a business with partnership is a always a win-loose factor. Know one knows the partners inner instinct to deal business in several different circumstances and this is why we see the n number of broken partnerships.
The Top 10 Reasons Your Staff Wants to Quit
From an employee's perspective, management often conducts itself in ways that make no sense. When the economy is slow, jobs are few and far in between or people are fearful, staff will tolerate management behaviors and policies that are nonsensical (in their eyes) or they judge are harmful.
Top Ten Tips: Where to Get the Best Business Books Now!
There are many places you can get books, and I don't pretend to know them all. I've listed a few of my favorites below.
7 Steps Toward a Better Website
Creating a website is one thing, making it better is another. Matt shares 7 steps to help you gain a better website.
10 Things To Ask Your Accountant
This is a quick checklist of a few things that you, as a new business, should expect to ask your accountant (or potential accountant).1.
7 Keys to Running a Successful Business
Although dentistry may appear to be different than other types of businesses, in reality it is a business. And although this article is written from a dentist's perspective on developing a successful practice, the principles can be used in virtually any business.
Ten Reasons to Implement Choice Theory in Your Organization
What is Choice Theory (CT)? CT is a theory of the explanation of human behavior. CT has applicability to both a person's personal and professional life.
After Hurricane Katrina - Seven Things You Can Do
If you are like me, you are living some distance from the devastation wrought by Katrina. If you are like me you not physically impacted and can watch the plight of others on television in the comfort of your home.
10 Steps for Simplifying Business Plan Financial Statements
For most business owners and entrepreneurs, preparing, and communicating the financial statement section of a business plan is like trying to give driving directions to someone who doesn't speak the same language."Numbers" is the language most investors speak.
How to Counsel Your Non-Performing Team Members - 10 Tips
Counselling non-performing team members is a tough part of any managers role. This article is full of tips to help you perform this difficult role.
Checklist for Hiring a Private Investigator
Looking for an old friend? Want to know if your spouse is cheating? Need to check out a potential tenant or employee?A good private investigator (PI) can help you obtain these answers. And as with any expert you hire-a doctor, a lawyer, an insurance broker-it benefits you to take the time to ensure you're hiring a professional who has experience, quality reputation, and good-business ethics.
10 Things To Do Before You Start Your Business
If you are thinking of starting a new business, or if you are just about to take the plunge, you will know that there is a lot that you have to do. But where do you start? It is a good idea to get some of the groundwork done before you start, possibly this will often mean things that you hadn't thought about, things that most people do as a reaction to circumstances rather than as a planned activity.
How to Hold An Extremely Successful Event - 10 Tips
Every event you hold can be extremely successful. Apply these 10 tips to guarantee a memorable event for everyone who attends.
Wealth Building Scams
I have some good news and I have some bad news. First the good news.
Ten Tips for Effective Meetings
Here are ten things that you can do to hold more effective meetings.1) Avoid meetings.
Sales Marketing: 10 Tips On How To Promote Yourself And Generate Sales
A lot of people are insecure about buying something
or doing business with strangers.To make people feel comfortable to buy from you or do
business with you, give them a little information about
yourself or business.
Ten Top Performance Management Tips
Talk to Your People Often
By building a great relationship with your people you will bring trust, honesty and information. This gives you a head start in Performance Management of your people.
Top Ten Tips for Participating in Online Business Expos
Are you ready for a BASH? Have you ever been a vendor or exhibitor at an expo, craft show or other offline event? Well, when you are a participant in an online bash or online expo - many of the same expo tips apply. Here are the Top Ten essential business expo tips for online events.
Top 10 Steps to Build Your Professional Practice Now!
1. Examine everything in your office from the view of a new client! If necessary, spruce it up.
Ten Ways to Manage a Rapidly Growing Business
While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. Both are serious issues and must be dealt with carefully.