Small business success secret #14

What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.

Small business success secret #14: Business owners pick a brand and promote it.

In the early days of owning a business, an entrepreneur is still figuring out what they do and how they do it. But when they settle on it, they need to encase it in cement and move forward with it. Stop thinking that you can do it all because you’ll spread yourself too thin.

Small business success secret #13

What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.

Small business success secret #13: Business owners hire help fast.

Keeping costs down is tempting, but a business owner can’t do it all (and, in fact, they shouldn’t do it all). What precious time is available should not be spent on details but on value adding and revenue-generation. An assistant can help, they are more affordable than you think, and they add tremendous value. Go see my friends at ContemporaryVA.

Small business success secret #12

What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.

Small business success secret #12: Business owners must learn to sell.

It is surprising how many brand new entrepreneurs leap into a new business with the expectation that “if you build it, they will come”. Prospects are scarce and competition is high. Learn to sell and put it into practice as your top priority each day and your business will succeed.

Small business success secret #11

What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.

Small business success secret #11: Business owners innovate relentlessly.

A “same-as” business will never succeed for long and is as dull as last week’s news. Entrepreneurs who commit to innovation will transform their businesses into competitive, successful profit-machines. In the short term, innovation can be expensive and time-consuming. But in the long term, it is always the right decision. When was the last time you broke something that wasn’t broken just to innovate a better solution?

Small business success secret #10

What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.

Small business success secret #10: Business owners don’t stop learning.

A business exists in an ever-shifting environment so entrepreneurs will be more successful if they devote a small portion of their day to improving their knowledge through formal education, informal learning, and mentorship. Identify something in your life that, if you learned it, would help your business. Commit to mastering it.