How to Succeed in Business, Without Setting Your Hair On Fire

Guest post by: Stephen Blakesley
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Words of Wisdom for Leaders and Wanna Bes - By Stephen Blakesley

Most fail but some succeed! That is the story of business start-ups. Four out of five business start-ups fail in the first 5 years. But last night's panel on Entrepreneurs R Us identified some of the most common mistakes to avoid. Bill Fisher of Benefit Specialists, Walter Picket, Picket Plumbing and John Boyens of the Boyens Group shared their experiences with listeners on last night's show. Some of the thoughts were so powerful, I wanted to share them with you.

Regarding the most significant challenges they faced in getting their successful businesses up and running, long enough to be considered successful (28,27 and 18 yrears), they shared the most important challenges they faced in the early going.Here are are a few challenges they faced and overcame:

Deciding what their product really was
Determining the price at which they could offer the product and people would buy it
Dealing with cashflow; not enough of it and too sporadic in coming

When asked what advice they would offer someone starting a business today, they suggested four things were essential:

Paying attention and being alert to what is happening in the marketplace
Having and developing the skill to be the best at what you do
Having a Passion for the work
Being a person of Integrity-doing what you say you are going to do

All of these and more are steps to assure business success. Tune in to Entrepreneurs R Us every Tuesday on Blog Talk Radio.

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Words of Wisdom for Leaders and Wanna Bes - By Stephen Blakesley

About the Author: Stephen Blakesley

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Stephen is a Marketeer, Entrepreneur, Author, Speaker, Radio Show Host and the Head Headhunter at GMS Talent . GMS is a One-of-a-Kind Talent Acquisition and Performance Management consultancy. We specialize in finding people for the "hard-to-fill positions, anywhere in the world. Please visit our website: www.gmstalent.com and visit the blog about our recent book"The Target-The Secret to Superior Performance: http://www.targetthebook.com
Tune into the latest episode of Entrepreneurs R Us on Blog Talk Radio for the latest in Entrepreneurial wisdom: http://www.blogtalkradio.com/sjb340 Visit our website: www.entrepreneursrus.com

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