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Lessons You Need To Learn For A Successful Business
Written by:Article Overview: You are ready to start your new business or you are already established – these are the lessons you will need to learn in order to become successful.
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Lessons You Need To Learn For A Successful Business
You are ready to start your new business or you are already
established – these are the lessons you will need to learn in order to become
successful.
Managing Your Money: You
need to learn when to spend your money and on what. At the start of your business you will find
that money runs out much faster than it comes in. This is called the “burn rate” and it what
caused the demise of so many internet start-up companies. Ensure that all of your company expenses are
relevant and will bring a profit in the future.
Alternative
Strategies: As you build up and expand a business, things will change
rapidly. You need several alternative
plans so that you can quickly change direction.
This can include changing your marketing so that it is always fresh and
appropriate, or changing your product line to meet new markets.
Ability To Turn A
Problem Into A Winning Situation: Problems and mistakes will always come at
you – your ability to move fast, take alternative options and make new plans
will ensure that you make the best of them.
You Don’t Learn: Running a business is a skill that needs to be
learnt. Take courses, read up and ask. Even youth based businesses can do with a
little grey hair on the board. Learn it,
buy it or borrow it – expertise will grow your business exponentially.
A Great Work Ethic: Working
for yourself it is only too easy to get into bad habits. Either working so many hours that you don’t work
effectively or being lazy with your times. Set up procedures, to –do lists and
diary entries so that your work is organised and completed in good time. Dress
professionally and make sure that you make time for networking and marketing.
Enjoying Yourself: It
is important that you enjoy your work and your life. Only work on a business that you enjoy and
ensure that you leave time for relaxation, time with friends and family and
your self.
Good luck.
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Related Forum Posts
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
300 rules!
- 300 was my favorite movie of 2007 and Kevin you did a great job in highlighting the Business Lessons from the Movie.
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Re: What's 1 word to describe what your business will be in 2012
- Successful.
Lisa Shepherd Story
- Great story! I love the Earn - Learn - Equity - it's very relavent for new entrepreneurs.
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