How to Build Your Own Business
How to Build Your Own Business
First things first. To build a business of any kind, you will first need capital. Now, you may be lucky enough to be independently wealthy to begin with, but if you’re like most Americans, this is the part where you’re going to need a loan. It is the getting of this loan that your business degree may most come in handy. Lenders like to see such degrees before parting with their money, but it is not the only important factor. Obviously, presentation is half (if not more) of the battle. You have to convince the bank that they’re taking a reasonable chance with you. You have to make the banker see what you see: the potential for profit in your business model. If you feel nervous about this prospect, just repeat to yourself one thing: Bill Gates was once in the same position, feeling the same nervousness. And he was turned down for several loans before finally getting one. That’s where perseverance comes in. You must have it, or you will not succeed.
If you’re moving into a sector of business where you’ve already made contacts, now is the time to get in touch with those people and let them know you’re going into business for yourself. Tell them what will set your business apart from others of your kind. Extend them a discount of some sort. Encourage them to tell their contacts in the business world about your new endeavor. One thing that all successful businessmen have in common is their remarkable ability for self promotion. You will need that trait if you except to succeed in the business world. If you’re the wallflower type, you may want to think about a different line of work.
What you must do next, and continue to do throughout the life of your business, is research. You must become an expert in the field. Whatever that field might happen to be. Whether you’re selling office supplies, gasoline, tires, or widgets, you have to learn everything there is to know about your business. That means researching the history, keeping up with the latest trends, and following up on that with your own innovations and ideas. Studying the past can help you avoid mistakes that others have already made, and studying the future will give you the edge you need to think ahead of the curve. No new business finds success by doing the same old thing. You need to come to the marketplace with something new, even if it’s only a minor change.
How to Build Your Own Business - To learn more about this author, visit Michael Laleye's Website.
Like this article? Share it with your friends
Every day, millions of Americans think about the “American Dream” and roll their eyes in disdain. Where is this American dream, and why don’t I have a piece of that glorious pie? You may have an Ivy League education, or you may be a high school dropout. Either way, the path to true, independent success, is dependent upon the same things. Creativity, ingenuity, hard work, and perseverance. If you possess a large quantity of the above traits, there is a good chance you will make your business a success. And that is, fail the chance to become CEO of a huge corporation, or a celebrity of some kind, the only real path to enormous financial success in this country. Otherwise, you’re always simply making money for someone else. Someone else, who had the drive and creativity that you either don’t have or are too afraid to use, will. If you aren’t afraid to use it, and you’re ready to start building your business, here is what you have to do.
First things first. To build a business of any kind, you will first need capital. Now, you may be lucky enough to be independently wealthy to begin with, but if you’re like most Americans, this is the part where you’re going to need a loan. It is the getting of this loan that your business degree may most come in handy. Lenders like to see such degrees before parting with their money, but it is not the only important factor. Obviously, presentation is half (if not more) of the battle. You have to convince the bank that they’re taking a reasonable chance with you. You have to make the banker see what you see: the potential for profit in your business model. If you feel nervous about this prospect, just repeat to yourself one thing: Bill Gates was once in the same position, feeling the same nervousness. And he was turned down for several loans before finally getting one. That’s where perseverance comes in. You must have it, or you will not succeed.
If you’re moving into a sector of business where you’ve already made contacts, now is the time to get in touch with those people and let them know you’re going into business for yourself. Tell them what will set your business apart from others of your kind. Extend them a discount of some sort. Encourage them to tell their contacts in the business world about your new endeavor. One thing that all successful businessmen have in common is their remarkable ability for self promotion. You will need that trait if you except to succeed in the business world. If you’re the wallflower type, you may want to think about a different line of work.
What you must do next, and continue to do throughout the life of your business, is research. You must become an expert in the field. Whatever that field might happen to be. Whether you’re selling office supplies, gasoline, tires, or widgets, you have to learn everything there is to know about your business. That means researching the history, keeping up with the latest trends, and following up on that with your own innovations and ideas. Studying the past can help you avoid mistakes that others have already made, and studying the future will give you the edge you need to think ahead of the curve. No new business finds success by doing the same old thing. You need to come to the marketplace with something new, even if it’s only a minor change.
How to Build Your Own Business - To learn more about this author, visit Michael Laleye's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
|
I've created this section on my site to share some of the incredible tools that I've used to build my business. I hope you too can benefit from them and look forward to hearing your feedback on the reviews! - Visit Evan Carmichael'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 |
|||
Dianne CramptonDianne Crampton is an executive leadership coach, team culture 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. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
|||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
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 |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Michael'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!
|
|
|
 Instant Classified Advertising Evolution of Networking Women Entrepreneurs Law of Attraction Tips for QuickBooks Backup |
|
 | ||
 |
Top 50 Diversion Blogs
Top Diversion Blogs of 2009 | |
 |
The Top 10 ProBlogger Posts
Best Posts for Bloggers | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
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!
|
|
|
| ||||||||||
|
| ||||||||||
|
|
||||||||||