Michael Newman’s latest ‘e-Wealth Daily’ article is titled “Narrow Your Focus to Build a Business That Grows”. [‘Building a Business’ Article]


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

Narrow Your Focus to Build a Business That Grows

When you’re just starting out, it can be pretty easy to get a little bit over-ambitious. You may visualize an empire and want to set out on all the various parts simultaneously. And although
it’s good to dream and think big, it’s essential to take the growth of your business with one step at a time.

You can hurt your business by having too wide a focus and by not growing it progressively. If you just jump in with all systems go, you likely won’t be able to cultivate the different
parts effectively, thus leading to a lower overall quality in each. On the other hand, however, if you have future plans for a multi-faceted business, start by focusing and exploiting one
aspect of it, and use that aspect as a building block to bring about the business you envision.

For example, let’s say that you’d like to open a shop that sells the t-shirt line you’ve developed. In addition to the shirts and the store, you’d like to distribute the shirts to other outlets, open
an online shop and eventually turn that online shop into a community of like-minded people who make up your market.

Although it may not seem like a lot when it’s written down, to attempt to start a business encompassing all these elements would be extremely difficult (especially if you want to do it on
your own). You should pick one or two elements of the business and pour all your energy into them to maximize their worth.

So, for instance, focus on the design of your shirts and getting the retail outlet up and running. Once that is succeeding at an acceptable level, branch out to the other areas. When you bite
off more than you can chew at the beginning, it’s unlikely you will even come close to achieving the goals you had set from the beginning.

Regardless of how refined your business becomes, there are still variable factors that can take shape and alter your plans. When these things happen, it’s important to do two things: learn from them and stay positive.

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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