- Growth Takes PERSEVERANCE!
- The World of Business is Very Lonely!
- Your Friends and Family Will Not be your Customers!
- You are Not Going to Like the Sound of this Safety Net!
- You Have to Reinvest in Order to Maintain Profit!
- Numbers Don’t Lie!
- Celebrating your Victories Publicly Helps Business!
- Be Prepared to Stop and Start Again!
- Enjoy Your Business… Life is Short!
- Planning Makes Perfect!
Growth Takes PERSEVERANCE!
Forget about being an overnight success. It doesn’t exist.
Successful businesses become successful businesses because hours and hours of hard work have been put into making them successful. You will spend a lot of time on the brink… the financial brink, the emotional brink and the mental brink, contemplating whether or not you have made the right decision. It will be hard work!
But if you persevere your business will grow and will become successful!
The World of Business is Very Lonely!
When you first start off in business, you will more then likely be doing it on your own. That means there is no-one to go to lunch with, no office parties, no office gossip… Most importantly there is no-one there to motivate you. You have to make your own company and create your own drive. Otherwise you will fail!
Your Friends and Family Will Not be your Customers!
Everyone has their own life, their own bills, dreams, ambitions and drama. It is not that your friends and family do not love and support you, its just that they they have their own stuff to do. Their stuff will always come before yours! So even when you are offering them ‘mates rates’ (which I do not advise) they just do not have the time to prioritise you. Don’t take it personally, they are not your customers.
You are Not Going to Like the Sound of this Safety Net!
There is always a safety net in business despite popular belief. You can always go back to work!
Don’t get me wrong it is not ideal. Especially when it took so much courage and drive for you to leave in the first place. However, going into severe debt and losing your belongings as well as your credibility will not benefit you or your business. Going back to work doesn’t mean you are quitting, it just means you need to make some more money so that you can continue with your business!
You Have to Reinvest in Order to Maintain Profit!
Your business goal should always be growth! Profit will get spent unless you have made a plan to earn more and/or make that profit residual. In order to do that you need to reinvest some, if not most of your profit constantly.
Numbers Don’t Lie!
If the number say you are in minus, then you are in minus! Refreshing the page will not change that fact!
You need to always be prepared to change things when the numbers tell you to. So, if the numbers are telling you a product is too expensive, change your supplier. Do it quickly, there is no need to lose more money.
Celebrating your Victories Publicly Helps Business!
Business is hard work! It is hard, tedious, lonely, emotional work. So when you make an achievement in business you are proud of celebrate it. You deserve to! And guess what if you are happy about your victory, the chances are others will be too. So share it and celebrate it publicly. And if they aren’t happy for you, who cares! Its good for publicity too!
Be Prepared to Stop and Start Again!
Business is all about timing. When the time is right get them customers and hold the them close.
When the time has past, let go of them customers and learn to walk away. It can be the hardest thing to do. Especially when your business has become your baby and you have received some financial gain from it. But holding on to a failing business that cannot be fixed, is not benefiting anyone. Stop, re-assess things and start again. If you’re made for business you will always succeed in business.
Enjoy Your Business… Life is Short!
Life is too short for you to allow business to stress you out and make you depressed. Don’t get me wrong, I know it is easier said then done… this is one I still struggle with today from time to time…however, it is a state of mind. Learn to control your emotions. I have learnt to meditate you need to find what works for you.
A stressed mind makes poor business decisions. So control your stress levels.
Planning Makes Perfect!
Anything you have not planned for is unlikely to take place. Yes, we do all get lucky from time to time. But, generally speaking if you do not plan for growth, or profit or success it usually means you did not anticipate it. Do you believe in yourself or not?
Ebony Bain
