How to Start a Successful Business


Many people who kindly write this blog I will make some of the following three questions: 
How to start a successful business?
How do you know which is the most profitable business?
What I can start business with little investment?

And although there is no magic formula that guarantees success and profits, if there are some key elements that must be considered to make the experience of starting a business, is a rewarding experience. 

Starting a Business is a Process 

The first thing to understand and be clear about is that starting a business is a process with different phases born with a dream that becomes an idea, to be planned and then work very hard to build the business in order to yield the desired results: revenues and profits. 

Many people in their quest for financial freedom or to leave their jobs as soon as possible, aim to (erroneously) to accelerate the process and do everything "faster" with consequent inconvenience this might mean. 

So the first tip is: do not rush and start your company under pressure. Plan your project carefully business and try to follow your plan with discipline. Only then will achieve a good start. 

Undertake Beat the Fear 

The fear or uncertainty about the future can be very strong and is usually the main reason why many entrepreneurs leave even before trying. Thoughts like What if it works? What if I lose my money? What if things go wrong? What if someone already tried? only be overcome with optimism and action! 

You can see many article on how to overcome fear to undertake to go deeper into the subject, but if anything you should be very sure of is that, even if it will fail, not the end of the world. In fact many of the great entrepreneurs of today were tremendous failures in its infancy, however, fail fail or be seen as a lesson in the process of starting a successful business. And if you plan properly, the chances of failure are even smaller. 

Invest in Planning Enough Time Preview 

The more time you dedicate to research and plan your business, the better your chances takeoff and financial success will be greater. According to many experts, devote enough time to do a market study , analyze your competition , your business plan and make a budget, it will help greatly to avoid the common mistakes that many entrepreneurs make . 

Regardless of business size, careful research will help answer important questions to ensure that your company is on the right path, for example: 

  • What do I need to replace the services or products you offer my business?
  • How much demand there is for those in the region where I want to penetrate?
  • What would my business different or endorsing the existing competition?
  • What could you do to be the leader, commercially speaking, in my area?
  • How much investment will I need to mount this business proposal?
  • How much will my monthly sales mint?


Examine your motivations to Start a Business 

Although it may sound trivial, examine your deepest reasons why you want to start a business will help you focus better toward success. Why? Mainly because many people try LAUNCH business for the wrong reasons: 
  • Under pressure from their parents or relatives
  • Because they hate their bosses
  • Because they hate their jobs
  • Because they have capital and want to invest it in something (not a bad reason but should not be taken lightly)
  • Because they want to have much free time
  • Because close friends own businesses

The reasons why you want to start your own business can be many, but the important thing is that your motives take you just to become a leader, an entrepreneur that can lead to pride and tenacity to your company's success. If those reasons are not clear and substantiated, it is likely that this will not happen because you will not have the enthusiasm, energy and vision to achieve this. So examine yourself and determine first if what you want is what you really would feel fulfilled. 

You Maintain a Learning Attitude 

Undertake and learning are not synonymous but are much alike. An entrepreneur always learning. Especially in these times to succeed as an entrepreneur is required to be updated continuously and acquiring new knowledge to compete aggressively. 

I can assure you that your competitors will be every day researching and implementing improvements to production processes, administrative, financial and sales in order to obtain benefits and increasing market share. Doing nothing thinking that your studies eight years ago are the guarantee for your success is an illusion that leads many in the opposite direction. 

When you set out and want to do it successfully, you must be willing to read and document yourself constantly and be the best in everything you do. 

ACTION! 

Finally, all we can do no good to expose if it had an end of action. Much like the movie, if there is no action, they become boring. That's business. So after you have planned enough, researched enough, prespupuestado enough and created plenty of ideas, then kicks in and commit to your business and yourself to succeed unstintingly and sacrifices. 

Personally I'd love to hear your story and if you could share would be great. As always I wish you the best of success. 

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