Recipe for Home Business Success: Why Patience Determination and Willingness to Learn are Paramount
Recipe for Home Business Success: Why Patience Determination and Willingness to Learn are Paramount
Patience
Warren Buffett, the consummate investor, was a very patient man. When he started investing in 1956, he was not driving and fighting for stocks on Wall Street. Instead, he performed trading from Omaha, Nebraska. Strangely enough, when technology stocks became the rage, Buffett didn’t jump on the bandwagon. And yet, he still became one of the richest men of his generation.
How did he do it? By exercising patience.
In well calculated steps, Buffett purchased undervalued stocks at low prices. He then waited until their value increased and then sold them at prices that were considerably higher than their original price, earning nice, fat profits in the process.
Buffett's success is proof that patience is a key component of the recipe for business success. Patience is a multi-faceted aspect and although it is often a characteristic, it is also a skill that can be learned. Consider, for example, how people start their businesses and then expect immediate return on investment. What they forget is that most businesses very often do not automatically yield profit. They actually go through a period of gestation where very little happens
If you do not have the patience to see your business through, it will ultimately fail. By having patience, you become meticulous, attentive to important details and think logically. Impatient people are much more impulsive, jumping to conclusions, making hasty decisions that ultimately cost their business. A patient mindset has a tendency to use more common sense, a very essential component of business success. A patient businessman is also more likely to be prepared, have goals in place, understand his strengths and weaknesses, establish his resources and needs and know how to manage them.
Determination
Another important recipe for business success is determination. It doesn’t only refer to a pit bull tenacity of believing in your dreams and hanging on to them, it also entails well-calculated strategies of following through. Consider the most successful businessmen of the last 100 years and you will see that their business success could be attributed to their determination to complete their goals. These people simply never gave up, regardless of the seemingly impossible or even embarrassing situation they were in at the moment.
Determination is not about being blindsided. Instead, it refers to a person's ability to find a place for his goals and dreams to grow. He can look at a given situation, assess it, compare his skills and resources against it and then go for it.
Determination is an essential ingredient in the recipe for business success. According to Jerry Gonsiewski, Coldwell Banker Residential managing broker, it's important for businessmen, especially new ones, to have a good plan, follow it and then persevere. The results, according to Gonsiewski, allow determined entrepreneurs to enjoy substantial rewards.
Willingness to learn
Business is about change. This is why businessmen pay premium for research just to get a hold of information pertaining to trends and forecasts. As an entrepreneur, you must have the willingness to learn everything there is to know about your industry, the nature of your business and how it can thrive in the environment it is in. Any businessman who refuses to acknowledge the effect of the market, the business environment and the consequences of trends may find that doing business is like swimming upstream. It has worked for some but for most people, it meant the end of the line.
To achieve business success, every entrepreneur must be willing to learn his trade, find out about progress in related subjects and see whether or not these changes will affect his business. It keeps him on his toes, lets him think and act proactively and allow him to be prepped and ready for anything that might occur, whether it's good or bad.
Recipe for Home Business Success Why Patience Determination and Willingness to Learn are Paramount - To learn more about this author, visit Cesar Campos's Website.
Like this article? Share it with your friends
Here is a three-point recipe for business success that any entrepreneur should learn to recognize and use:
Patience
Warren Buffett, the consummate investor, was a very patient man. When he started investing in 1956, he was not driving and fighting for stocks on Wall Street. Instead, he performed trading from Omaha, Nebraska. Strangely enough, when technology stocks became the rage, Buffett didn’t jump on the bandwagon. And yet, he still became one of the richest men of his generation.
How did he do it? By exercising patience.
In well calculated steps, Buffett purchased undervalued stocks at low prices. He then waited until their value increased and then sold them at prices that were considerably higher than their original price, earning nice, fat profits in the process.
Buffett's success is proof that patience is a key component of the recipe for business success. Patience is a multi-faceted aspect and although it is often a characteristic, it is also a skill that can be learned. Consider, for example, how people start their businesses and then expect immediate return on investment. What they forget is that most businesses very often do not automatically yield profit. They actually go through a period of gestation where very little happens
If you do not have the patience to see your business through, it will ultimately fail. By having patience, you become meticulous, attentive to important details and think logically. Impatient people are much more impulsive, jumping to conclusions, making hasty decisions that ultimately cost their business. A patient mindset has a tendency to use more common sense, a very essential component of business success. A patient businessman is also more likely to be prepared, have goals in place, understand his strengths and weaknesses, establish his resources and needs and know how to manage them.
Determination
Another important recipe for business success is determination. It doesn’t only refer to a pit bull tenacity of believing in your dreams and hanging on to them, it also entails well-calculated strategies of following through. Consider the most successful businessmen of the last 100 years and you will see that their business success could be attributed to their determination to complete their goals. These people simply never gave up, regardless of the seemingly impossible or even embarrassing situation they were in at the moment.
Determination is not about being blindsided. Instead, it refers to a person's ability to find a place for his goals and dreams to grow. He can look at a given situation, assess it, compare his skills and resources against it and then go for it.
Determination is an essential ingredient in the recipe for business success. According to Jerry Gonsiewski, Coldwell Banker Residential managing broker, it's important for businessmen, especially new ones, to have a good plan, follow it and then persevere. The results, according to Gonsiewski, allow determined entrepreneurs to enjoy substantial rewards.
Willingness to learn
Business is about change. This is why businessmen pay premium for research just to get a hold of information pertaining to trends and forecasts. As an entrepreneur, you must have the willingness to learn everything there is to know about your industry, the nature of your business and how it can thrive in the environment it is in. Any businessman who refuses to acknowledge the effect of the market, the business environment and the consequences of trends may find that doing business is like swimming upstream. It has worked for some but for most people, it meant the end of the line.
To achieve business success, every entrepreneur must be willing to learn his trade, find out about progress in related subjects and see whether or not these changes will affect his business. It keeps him on his toes, lets him think and act proactively and allow him to be prepped and ready for anything that might occur, whether it's good or bad.
Recipe for Home Business Success Why Patience Determination and Willingness to Learn are Paramount - To learn more about this author, visit Cesar Campos's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
|||
Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
|||
Dianne CramptonDianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. - Visit Dianne Crampton's Website |
|||
Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
|||
John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
|||
Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
|||
Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Cesar's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Business Emotional Intelligence Manners, Positivity, Heroics Increase Performance Leadership Internet Marketing Secrets Professional Networking |
|
 | ||
 |
Choose A PR Topic
Press Release Builder | |
 |
Top 50 Franchising Blogs
Top 50 Franchising Blogs | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||||
| ||||||||||||
|
|
||||||||||||