Michael Newman’s latest ‘e-Wealth Daily’ article is titled “The Rules for Entrepreneurial Success; Part 2”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

The Rules for Entrepreneurial Success; Part 2

Yesterday, I began to break down some of the stepping stones one must go through in order to become a successful entrepreneur. Today, I’ll wrap up what I think are the skills you need to experience your business dreams.

Practice: Before you launch your business, start acting like an entrepreneur at your current job so you are used to the lifestyle and exposed to the different aspects of how a business operates. Acting like an entrepreneur includes things like working longer hours, finding out more about the company’s strategies and operations, and asking for department transfers to get more experience in different facets of the business. It’s also a good idea to challenge yourself by attempting to locate problems outside of your expertise and formulate solutions.

Study: Everywhere you look, there are mentors. It could be your boss or the business owner down the street who can give you the tips you need to succeed. By finding a mentor to add some more perspective to your life, you will be doing yourself a favor. Learning as much as possible about the experiences of others in similar situations can help you greatly in your planning and decision-making. Along with talking to mentors, do your best to read up on successful entrepreneurs to help develop some strategies that can be put into motion. There are a number of magazines and books that contain the stories of countless successful entrepreneurs.

Go Above and Beyond: In the early going, always exceed the expectations of your customers. This way, you will build your reputation as a performer and will be more likely to develop returning customers. By giving a little bit more than what you agreed to do, you’ll increase your status and enjoy good relationships with your customers. In some cases, it may involve you paying someone else to perform a small task, but don’t worry, because the recurring business will have your extra investment paid off in no time.

Assume Responsibility: Everyone in this world makes mistakes; yes, even you. The thing is, only some people possess the ability to admit it when they’re wrong and, generally, these are the people who are greatly respected by their colleagues. If you can avoid being defensive and admitting your mistakes, your open mind will be recognized and respected.

Be Decisive: Sometimes, you may not know exactly what you’re getting into, and that’s fine. There has never been an entrepreneur in history who knew every exact detail of every little decision they made, or how something worked. The important thing is that you come off like you do, and you’ll do this by making strong decisions and not sitting on the fence, scared to make a move.

Be Sensitive: It’s important to be sensitive to the people around you and listen to what they have to say. Although you may be the boss, it’s important not to isolate yourself from the people around you, whether they are clients or colleagues. Always keep an open ear and focus on listening as opposed to telling.

Of course, there is no magic formula for success. However, by taking advantage of the ideas offered here and making sure you’re prepared to launch, you can increase your chances of operating a successful business.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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