The mindset for success as an entrepreneur
November 9th, 2009
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Here are some things I learnt about becoming more successful in business:
- Speed of implementation-once you have a idea put it into action,do not procrastinate.You can spend forever waiting for the right moment before launching a new product or idea.Do it now.If it does not work then know you have learned a lesson.Use it and move on.Which leads to..
- Failure is just an idea it is not a thing.Failure only exists inside your head if you let it.The great inventor Thomas Eddison said every time something did not work he knew he was one step closer to finding something that did.
- You get paid for results not work.People will only hand over money when they get what they want.You must streamline your activities so that everything serves the goal of giving the customer what she wants.So get away from the employee mindset of “I turn up for work so I should be paid”
- Most of the things you try in business will not work.Just accept that.You try things then move on.If there is no motion there is stagnation and that means death to your business.
- The three things you need to make your business work are a product,marketing and systems.Most people focus on the first to the detriment of the other two.Your marketing must be scientific.You must be able to measure everything,where your leads are coming from and how much they spend to name just two.Your system is how the business works.How orders are taken,where stock is kept ,how product is delivered,how payment is handled,how return goods are handled and how accounting is handled. Once the system is running you just need to fine tune it now and again ,but any bottle necks will close you down.
To your success
Andrew Collinson
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