3 Essentials to Starting A Successful Business

Starting A Successful Business

Are you struggling in your current job? Do you find it hard to get on with your colleagues? Maybe you’re afraid of the fact that your fate lies in the hands of your boss? After all, they can fire you at any time and you will lose your job, your money, your health insurance, your ability to buy food and maybe even your house. If so, you might be dreaming of taking control of your own destiny and starting your very own business venture. Sound familiar? The following are some tips to get you started on the path to success.

Get the Education You Need

If you are going to run a prosperous business, you’re going to need strong skills in many different areas. As a solo entrepreneur you’ll be in charge of everything, from marketing and development to finance and human relations. While it’s possible to learn on the job when someone else is employing you, it’s really expensive to learn and make mistakes when it’s your own money and your own company. One of the best things you can do to prepare yourself for the challenges ahead is to enroll in an MBA program or business undergraduate degree. You’ll study subjects that will prove to be invaluable and you’ll network and share ideas with fellow classmates who you may even hire or partner up with later. While school is expensive, you can afford a great education if you take out private student loans and pay them off over time. By taking the private loans out now you’ll be able to register for your classes immediately.

Fine Tune Your Elevator Pitch

When you’ve decided to become an entrepreneur, you may have a lot of ideas for different ventures. You need to focus on one definable, powerful niche. Ideally, you’ll first do some inner work and understand what your passion is

and where your true home run skills are. Then comes the research, because you want a venture that is the Venn diagram intersection of your passion, you’re off the chart skills and a great business opportunity that is not well served by the market. Once you’ve come up with your focus, it’s time to fine-tune your elevator speech. The elevator pitch is a one to two-minute commercial you could share with someone on the ride up to the 25th floor. It has to be concise, captivating, winning and leave them knowing exactly what you do and excited to hear more. When you have your elevator speech polished and it feels perfect, then you are all set.

Focus on What You Do Best

You’ll have some key decisions to make when you first start out. It’s critical that you have a deep understanding of what you do best. Every one of us has an area where we excel and are exceptional. You need to focus on that. For instance, if you are a marketing wizard then let that light shine with a captivating website. If you are an operations expert, hire a marketing expert and build the best functioning operation anyone has ever seen. Do what you do best and outsource or delegate the rest of the tasks. If you need owner level attention in another area of your business then consider bringing on a partner who has superb skills to run that part of the company. You’ll find that you can hire amazing agencies and individuals who will share your passion for growing your company and want to contribute to your success.

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About the Author: Barry Lachey

Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources "Joe Joe." he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.