The Sure Signs You’re on Your Way to Entrepreneurial Success

If you are keen to succeed in the world of business, it is often necessary to ensure you have a number of qualities. Being able to see a business through to the end you want is hard, but with the right understanding of what it takes anyone with enough dedication can surely achieve it. The truth is that there are certain things you are going to need which will ensure that you can take your business where you want it to go. Some are personal qualities, while others are external influences you will need to harness. Let’s take a look at some of the sure signs that you can expect some entrepreneurial success in your life soon.

Having Access to Strong Capital

Without the financial impetus necessary to drive a business onward, you can’t really be sure that it is going to go anywhere. Having that capital behind you is definitely absolutely necessary if you want to see success in your life, and one of the biggest questions facing you will certainly be how to ensure you get hold of it.

You need capital in a strong and consistent manner, otherwise the future of your business might be inconstant too. Getting hold of a short-term business loan is often a necessary start, and you might also need to have a plan in place for ensuring future capital flow as well. With the money behind you, anything in business is possible.

Image Credit: Pexels

Being Dedicated to the Cause

There is something driving you to business, but what is it? If you want to be successful, it is likely that you will benefit from having a strong sense of what it is that drives you to do so. There has to be some cause which is underlying the business itself, and this is something you’ll need to think about if you want to make sure you are as likely to succeed as possible.

After all, without a clear understanding of your own motivations it is much less likely that you will be able to see the goals through to the very end. Get to the bottom of why you are doing what you’re doing, and you will be able to be more and more dedicated to what you are trying to achieve.

The Right Level of Delegation

Do too much yourself, and you will be in trouble. Do too little, and the same applies. It is often said that a good manager knows how to delegate, and there is definitely some truth to this. The reason it is true is because you need to know how much work needs to be delegated in order to keep the business running as smoothly as possible.

It is therefore a good idea to have a strong sense of who needs to do what if you want your business to succeed and live for as long as you like. Delegate well, and your business will be run more effectively, making it more likely to see the success you want to see.

Don’t Neglect These Three Key Things in Business

Business is complex, there’s so much more to it than simply having a good product or service. Getting your name out there, building up loyal customers and ensuring you are delivering an excellent service every time is easier said than done. Here are three things that are easily overlooked but necessary to get on board with, if you’re serious about making your business a success.

Branding

Branding is crucial when it comes to business. It’s much more than just a logo or website (although these are of course important). It’s about tapping into the psychology of the customer. Once you work out exactly what they want, your brand can essentially sell them a certain kind of lifestyle — not just a product.

Work out your unique selling point and go from there, aim to give customers something they can’t easily get elsewhere. There may be a thousand companies selling carpets out there for example, so how is yours different? Maybe you offer a payment plan, or offers for those on a low-income. Perhaps you specialise in luxury or budget carpets.

Whatever it is, use that to help you create your brand. Customers trust brands because they are seen as credible and reliable, they know you have a reputation to uphold. Branding is incredibly powerful, and definitely not something to overlook as an entrepreneur. You could have the best product or service in the world, but it’s not necessarily going to sell itself.

Being able to captivate people and grab their attention is key to your success in business.

Business Cards

Now that just about everything is online, it’s easy to overlook traditional methods of promotion like flyers and business cards.

As a business owner, you should be networking effectively, and that means having your information on hand to pass over when needed. If you’re at a convention or event with lots of entrepreneurs and potential clients mixing, it would be foolish to expect or rely on people remembering your information.

You can design and print cards on this website and many others. It’s inexpensive and could be exactly what’s needed to snag you those all important clients and customers.

Blogging

Business is highly competitive, and your company is a small fish in an enormous pond. You might have a professional, well put together website, but really it’s floating out in cyberspace and is very difficult for people to find.

One way you can make it a little easier is by writing a business blog. When you write a blog, you begin to gain a loyal following. Blog posts attract social shares, so if you put useful content out there people will basically advertise it for free by sharing it.

You can use your blog to promote your product and services, and over time it will help to boost your page rank in search engines too.

 

Had you overlooked any of these regarding your business? What important factors do you feel shouldn’t be overlooked to ensure success?

3 Ways to Measure Your Small Business Success so Far

Many small business owners start off with a great idea, work hard to get their product or service to market, but then hit a problem. Unfortunately, great ideas are one thing, but turning them into a successful business is another issue entirely.

Part of the problem is that first-time entrepreneurs or startup owners don’t understand how to define their success, and given that success looks different depending on who you are and what you’re doing, it’s not much of a surprise.

There is a simple solution to this huge barrier, however, learning how to measure your success. And once you know where you are going right — and wrong — it will result in better performance, more focus, and achieving defined results. Profitability is a clear indicator, of course, but let’s take a look at three (3) other areas of your business that can help you check up on your progress.

Traffic quality

The level of traffic you are getting to your website is vital, of course, but not half as important as the quality of your traffic.

A site that is getting a million hits a week is worthless if no one is buying, engaging, or spending time on your site. Focus on converting those visitors into customers, and analyse the type of content and information people are responding to.

Digital impact

Your website is an incredible platform for improving your business, but do you ever get the feeling that no one cares? You could be working hard on your site to create high-quality content, but if no one is reading, sharing, or engaging, where is the value?

You should be considering spending just as much time to promote your site as much as you do update it. Try using digital strategy consulting apps and software to measure and manage your total digital impact. Look at areas where you are weak, and either make the necessary improvements or stop using them altogether.

For example, perhaps your Facebook page is bringing a lot of traffic to your website, but you are spending a fortune on Twitter ads — you will often find you will be better off investing more money in Facebook, rather than trying to flog a dead horse.  

Repeat customers and new inquiries

Customer loyalty is another sure sign that your business is becoming successful. Repeat customers show you that you are doing the right things, and delivering the right service — so it’s vital to find out what it is that is attracting them.

Don’t forget, it’s 6x cheaper to sell to current customers than it is to find new ones, so the impact repeat business can have on your profits is exceptional. New inquiries are also a good measure of your current business standing. If people are getting in touch and asking questions, it means your marketing plans are working.

So, while, turning inquiries into sales is another matter entirely, the very fact that people are interested enough to find out more is a positive sign.

 

How does your business measure success? Share your thoughts and advice in the comments section below!

How One Practical Entrepreneur Followed His Passion All the Way to the Bank

Until 20 minutes ago (December 15th @ 7:22pm) I had no idea who Magnus Walker was. Now I’d describe him as an inspiration; a man who followed his dreams without hesitation and fear.

I was just browsing YouTube like I’ve always done looking for interesting things to watch and decided I’d look at some TEDx videos. The title “Go with your gut feeling” caught my attention.

I sat and listened to someone who if judged by his appearance alone, you’d probably not be able to guess his story. This guy, however, is one of the coolest dudes I’ve ever had a chance to hear. From writing a letter to Porsche at the age of 10 wanting to be their designer, to moving his life from Sheffield, England to Los Angeles, California via ‘Camp America‘.

He’s gone with his gut feeling his entire adult life. It’s taken him on some adventures that makes you realise that when you pursue what you feel you should be doing, life has a way of making it happen. Magnus’ best insight to me was when he said, “success really is the freedom to do whatever you want to do”.

Call it “luck” like he has, or call it a combination of vision and aspiration. Whatever you call it, I call it success.

Watch Magnus’ TEDxUCLA delivery of his unbelievable ride through life. Video’s below.

Conquer Your Defeatist Attitude! Life Is Not As Hard As You Think!‏

Tall_ship_Christian_Radich_under_sailde·feat·ist – /diˈfētist/
noun
1. a person who expects or is excessively ready to accept failure.

When I think back to what my ancestors and your ancestors had to endure whether during slavery or as immigrants in a far away land, they all faced and overcame hardships.

I think now in today’s modern world of our own oppression and oppressors and in my moments of weakness and defeat, draw strength from those before me.

They gave us the foundation on which we’ve become educated individuals, but yet we fail to see our own power; our own self-worth.

No one should be able to make us feel as though we aren’t mighty men and women capable of doing anything and everything we imagine for ourselves and our loved ones.

Be who you were meant to become! One of my favourite poems is titled “Invictus” by William Ernest Henley and one of the most powerful lines of that poem reads “I am the master of my fate, I am the captain of my soul.”

Steer your own success and conquer defeat! Life and living is yours for the taking.

You Are as Strong as You Tell Your Mind

Every day we are faced with challenges and hurdles that we can either go over or have them stop us in our tracks. It is in those moments we question our own mental and physical strength. Just how strong are we?

Have you ever seen metal forged into a samurai sword (a katana for instance)? I’m guessing not a lot of hands went up and as you’d have guessed neither did mine. But, it has been said in the Japanese culture that the samurai’s sword was his soul. Many claim that an authentic katana is folded over 1,000,000 times to create steel of the highest quality. Keep that in mind as you continue to read this post.

After watching the journey of people around me (family, friends and colleagues) and personalities in the media that you see, hear or read about almost daily, like Sir Richard Branson, an important revelation has come my way. In order to get where you need to be (especially as an entrepreneur), you have to be put through a series of tests (or be folded over a million times) to see if you are ready to receive your blessing; your destiny; that which is rightfully yours.

You are not as strong as you think you are. Let me put that another way; you are not as strong as you need to be just yet. By this I mean to be the best that you can be, you have to be at your very best and strongest.

Sometimes we put so much effort into getting where we envision our start-up businesses, professions, whatever the ambition and it feels like our best isn’t nearly enough to get us to our desired destination. That’s simply because we’re not as strong or as great as we can be.

When we discover our inner-strength and greatness, all that we wished to accomplish will suddenly start to fall into place. Don’t be overwhelmed and don’t fear your success. We both know that at this point, you’d have worked hard for it and everything that comes your way going forward would have been well-deserved.

Hold on to your dreams and aspirations with all your might. You’re very close to being the best you that you were meant to be.

An “Apple” a Day…: Steve Jobs on Perseverance.

Steve Jobs on Perseverance: an Apple Product a Day.Failure is unimportant; bouncing back from defeat is what will land you success. Keep on keeping on and trust yourself to achieve your dreams.

I’ve had so many moments where I felt like giving up, but the only thing that makes me want to continue fighting for my dream job is knowing that no one else is going to be fighting for me. All you have is you and the old saying “That which does not kill us makes us stronger.” by Friedrich Nietzsche is 100% truth!

I sometimes believe every failure and disappointment we face, is just a test to prepare us to receive our success if we be deemed worthy. There’s a time of plenty and a time of scarcity. Your time of plenty is closer than you think.

Fight for that which is yours, and know that you’ll have your moment to smile in the sun (…maybe on a beach with a drink in hand too).

What mantra drives you when you encounter failure?

Nelson Mandela on Achieving Success: Day 2

Madiba on Achieving Success: Day 2

Day 2

In honour of one of my biggest influences, I will be creating a clean and simple photo-blog between December 9th to 13th capturing some of Madiba’s greatest quotes. I am certain, each one will make you take a look inside yourself.

We can all become better individuals and live our lives not only for ourselves, but for others as well.

RIP Nelson Mandela.

Fear Not! Your Success Depends on It!

Do what you fear and fear disappears. – David Joseph Schwartz, motivational writer and coach

The first step I find in overcoming fear in the business world is deciding to fail fast and fail cheap.

My first line of graphic t-shirts weren’t exactly the greatest product out there, but it was my outlet to get started. In listening to my customers I was able to refine my approach that later resulted in better designs and higher quality t-shirts that sold like hot bread!

Your success and living your dreams warrants belief in your own idea(s). Ultimately, there can be only two outcomes to any business idea: failure or success. In order to achieve the latter, the former must be conquered.

Give yourself a chance and know that failure is the best lesson you can get in entrepreneurship.

What’s holding you back?

Don’t be afraid to leave a comment.

Follow me on Twitter @phresh_ID

Like us on Facebook — https://www.facebook.com/phreshIdeasandDesigns