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By Brian Jump
http://www.nodents.com
SO you’ve
decided to go into business
for yourself. Nice idea. If
you look at the richest people
in the world, very few, VERY
few, work for someone else.
I cant quite figure out why
anyone would want to work
for someone else, but I guess
someone has to, huh. I mean,
when you run the show, you
have control. Yes, more hours,
more work possibly, but more
income, provided you have
a business that makes a profit.
And,…that’s where
Im going to start this article-
Common Mistakes of a New Business
Venture.
When you start a business,
you should be excited. You
should be motivated. Because
a business will REQUIRE that
of you. It will take energy
to get off the ground, and
maintain, and grow.
So your motivated. Great.
And lets assume you have some
money to get off the ground.
It could be $100 to start
your fledgling Auto Detail
business, $5k to start a Paintless
Dent Repair business, or 2M
to start a McDonalds franchise.
Whatever your goal, you’ve
got startup funds, and your
motivated.
Ok, how about planning. A
marketing plan, business plan,
etc. This, is not too exciting,
is it? But this is REQUIRED
to provide a strong framework
for success.
If you fail at planning, it’s
a pretty good notion that
you will also fail with your
business.
So, PLAN for success.
Second common mistake for
a new business venture is
time, or, lack thereof. Many
a future successful business
person will underestimate
the TIME it takes to build
and manage a business. Do
your homework, and overestimate
the time it will require,
and hopefully your energy
and motivation will follow.
Third common mistake experienced
by budding entrepreneurs is
lack of salesmanship. This
doesn’t mean you need
to be a snake oil salesperson,
but, you or someone with you
will need to be able to sell
your wares, and will need
to be good at it early on.
Many businesses forget this
crucial step, and it is very
important.
The last common mistake that
is a surefire way to bury
a new business is underestimation
of the competition, and failure
to create a unique identity,
or commonly known as a unique
selling position. This is
the way that a new business
will penetrate into the market,
and survive. If you copy the
competition, and fail to offer
the market a new idea, product
or service, you risk being
lost in the fray. Be unique,
and be successful.
These are not the only ways
to fail in a new business,
but some of the most common
and crucial ways to make things
pretty tough, to say the least.
Go about your business with
all cylinders firing, and
you will ensure your success.
Check us out today, at nodents.com
Happy Pushing!
Brian Jump
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